Planned Giving Starts with Your Wishes
Planned giving is a meaningful way to extend your love and generosity beyond your lifetime, ensuring that children and families continue to experience hope and care for generations to come.
Estate Planning: Protecting What Matters Most
Estate planning is an essential step in safeguarding your assets, honoring your wishes, and caring for those you love. It’s also an opportunity to make a lasting impact on Oklahoma Baptist Homes for Children (OBHC). A well-prepared estate plan typically includes key documents to address your financial, medical, and personal goals.
Why Estate Planning Matters
- Control Your Legacy – Ensure your assets go to your chosen beneficiaries.
- Protect Your Loved Ones – Appoint guardians and manage inheritances for minors.
- Avoid Probate – Save time and costs by bypassing court processes.
- Plan for Incapacity – Ensure your financial and medical wishes are honored.
- Minimize Taxes – Reduce estate and inheritance taxes with strategic planning.
- Prevent Family Disputes – Clearly outline your wishes to avoid conflicts.
Important Considerations
- Define Your Objectives – Clearly outline your goals, including asset distribution, beneficiaries, and medical care preferences.
- Review and Update Regularly – Keep your plan aligned with your current wishes and circumstances.
- Seek Professional Guidance – Consult legal and financial professionals to create a plan tailored to your needs.
Key Components of Estate Planning
- Revocable Trust – Manage and distribute your assets efficiently.
- Simple Will – Specify how your assets will be distributed after your passing.
- Power of Attorney – Appoint someone to make financial and medical decisions on your behalf.
- Minor Guardianship – Ensure care for your children if needed.
- Special Needs Trust – Provide for loved ones with special needs.
- Gifting to Beneficiaries – Define how and to whom your assets will be given.
Estate Options Make a Lasting Difference
- Charitable Gift Annuity (CGA) – A Charitable Gift Annuity allows you to support OBHC while receiving a fixed income for life. It’s a beautiful way to give generously while ensuring financial stability for yourself.
- Donor Advised Fund (DAF) – A Donor Advised Fund is a flexible giving account that allows you to contribute, receive an immediate tax deduction, and recommend grants to OBHC over time. It’s a strategic way to involve your family in giving.
- Endowment – An endowment gift is a powerful way to create a legacy that impacts not just this generation but generations to come. Your gift will continue to provide hope and care for years into the future.
- IRA Charitable Rollover – If you’re 70½ or older, you can make a Qualified Charitable Distribution (QCD) directly from your IRA to OBHC. This contribution counts toward your required minimum distribution (RMD) and may offer tax advantages by excluding the amount from taxable income.
Share Your Blessings, Make a Plan Today
To initiate a Qualified Charitable Distribution to OBHC, provide your IRA trustee with the following information:
Legal Name: Oklahoma Baptist Homes for Children
Taxpayer ID: 73-1435473
Address: 300 Johnny Bench Drive, Suite 450, Oklahoma City, Oklahoma 73104
Want to learn more about Planned Giving?
Terry Davidson, Planned Giving Specialist, 405.570.9836