Gift Planning

After learning about what was possible, former longtime faculty member Lou Paff decided to make a bequest to OES, in tribute to his more than four decades as a contributor and a witness to the school’s success.

This means that he:

• Named OES as a beneficiary in his will
• His designated gift will pass directly to OES after his death

The benefits of naming OES as a beneficiary are many for Lou:

• Reduced his estate taxes
• Offered flexibility, as changes to a bequest are possible at any time, especially if circumstances change for the donor
• Allowed him to make a gift that cost him nothing at the time, but will make a lasting impact for the future

Here’s how Lou did it:

• He included a bequest provision in his will, naming OES as a beneficiary
• At his death OES, receives the specified bequest

What Lou says about his planned gift:

“I chose to put OES in my will because I’ve seen firsthand for 43 years the incredible education OES gives its students,” Lou said. “A bequest made it possible for me to make a significant gift.”

There are many other ways to consider a gift to OES, including through your retirement plan. An IRA Charitable Rollover is one of the simplest ways to make a gift if you are over the age of 70, and our team at OES can explain the specific rules and requirements (there are a few that distinguish by specific age) if this is something you’re interested in.

The basics and benefits of an IRA Charitable Rollover are:

• You can make a direct transfer to OES or other charitable organizations from your IRA through your plan’s administrator – all you have to do is request that this happen
• The transferred amount is not considered taxable income
• Rollover gifts can be immediate or designated as a life-income plan, which pays guaranteed retirement income to the donor (we can tell you more about what this means when we connect)
• As a donor, you can designate where the funds go, ensuring that the programs and people you care about will benefit from your generosity. Your wishes are our top priority.

Remember that planned gifts are flexible, allowing the donor to decide the right time and manner for funds to be distributed and where they go. We are here to explain all the options as described on this page, and tell you what else is possible, depending on your wishes for planned giving.