|
Advantage to Donor |
Value to Symphony |
Tax Deductions |
Income Payment |
Taxation of Income |
|
| Bequest |
Defer gift until after your lifetime. |
Receives assets according to terms of donor’s will. |
Exempt from estate tax. |
Not applicable |
Not applicable |
|
| Retirement Plan |
- Simple process to name Oregon Symphony as beneficiary.
- Avoids estate taxes.
|
Receives assets at donor’s death. |
No tax paid on what would otherwise be one of the most highly-taxed assets in estate. |
No effect on retirement plan payments to the donor. |
Not applicable |
|
| Life Insurance |
Make a substantial gift without a large cash outlay. |
- Receives cash benefit of policy at death of the donor (or surviving spouse).
- Donor is responsible for any premiums.
|
May deduct cost of premiums if Symphony owns policy. |
Not applicable |
Not applicable |
|
| Retained Life Estate |
- Right to live on and use the property.
- Removes property from estate.
|
- Receives property at death of life estate holder.
- Donor is responsible for property taxes and maintenance.
|
- Immediate income tax deduction.
- Reduces or eliminates capital gains tax.
- Avoids estate tax on property.
|
No payment to donor, but donor retains use of property for life. |
Not applicable (donor continues to pay property taxes) |
|
| Charitable Gift Annuity |
- Income for life to donor or designee(s).
- Tax deduction(s)
|
Receives remainder of assets at donor’s death. |
- Income tax deduction at time of gift.
- Reduce or avoid capital gains tax
|
Receive fixed payments annually (or more frequently). |
Payments are only partially taxed. |
|
| Charitable Remainder Trust |
- Income for life to donor or designee(s).
- Tax deduction(s).
|
Receives remainder of assets at donor’s death. |
- Income tax deduction at time of gift.
- Avoids capital gains tax.
- Estate tax savings.
|
Variable or fixed payments annually (or more frequently). |
Income must be reported; some forms may be tax-free. |
|
| Charitable Lead Trust |
Removes assets from estate and transfers them to beneficiaries at the end of the trust term. |
Receives income from gift during the term of the trust. |
- Income tax deduction for payments made to charity.
- Reduces taxable estate.
|
No payment to donor. |
Income must be reported by donor if he/she takes a charitable income tax deduction. |
Please contact the Oregon Symphony Development office at 503-228-4294 to discuss opportunities for planned giving or e-mail Foundation@orsymphony.org.
