They are assets that expand to many times their original value because the premiums often never amount to the size of the death benefit. Thus, they afford a way for you to make a major gift at a very low cost. Continuing premium payments on existing policies with Olympic College Foundation as sole and irrevocable beneficiary are deductible contributions. New policies naming the Foundation as beneficiary may also be developed as part of a planned gift. A gift of cash or property made through a will or living trust assures a tradition of giving that will continue after the donor's lifetime.
Bequests are deductible for estate tax purposes.
Trusts Trusts can take many forms and can be an extremely valuable financial planning and charitable giving tool. Trusts are used to guarantee that your wishes, with respect to the use of your property, are carried out during your lifetime or that of your beneficiaries. A charitable remainder trust may be established with either cash or property during your lifetime or through your will. Income produced by the trust's assets is payable to you for your lifetime or a designated number of years. At the end of the defined time, the assets are transferred to Olympic College Foundation.