Gift Options:
Bequests: By making a simple change or codicil to your will, you can make a bequest to The Oaks Foundation of part or all of the residue of your estate.
Suggested wording: "I hereby bequeath to The Oaks Foundation, a charitable nonprofit corporation at Copeland Oaks in Sebring, OH, ____ percent of my estate (or indicate a specific dollar amount, or estate residue) to be used where need is greatest (or specify Copeland Care Fund, Copeland/Crandall Endowment, etc.) for the benefit of Copeland Oaks or Crandall Medical Center."
Life Insurance and Annuity Policies: You can designate The Oaks Foundation as beneficiary of the proceeds by filling out a form with your policy holder or change your existing policy name to the Foundation as owner and beneficiary.
IRA'S and Retirement Plans: The Oaks Foundation can be named as a beneficiary of the proceeds. These plans are often an unattractive asset to leave to children due to the associated tax burden. Seek professional advice.
Securities and Real Estate: Gifts of appreciated property can generate an income tax deduction and avoidance of capital gains tax (property held more than a year.)
Charitable Gift Annuities: Through a contract with the Oaks Foundation funded by your assets, you will receive fixed annual payments for the life of you and/or your spouse with the remainder benefiting The Oaks Foundation.
Charitable Remainder Trusts: A trust provides an income to your designee for a period of years until the remainder is transferred to The Oaks Foundation.
Charitable Lead Trusts: A trust benefits The Oaks Foundation for a period of years, then passes to your designated beneficiary.
We encourage you to consult with your professional advisors for any/all estate and planned gifts.
