Planned Gifts

Planned gifts are becoming increasingly popular among donors wanting to support their charities. In addition to attractive tax incentives, it often satisfies a donor's wish to leave a gift by which they will be remembered. Methods of giving are as widely varied as the funding interests of our donors – some of which include bequests, insurance policies and trusts.

Planned gifts can be undesignated, in support of the College’s area of greatest need, or directed to something more specific, such as an existing endowment or the creation of a new one.

A planned gift is a charitable donation arranged during a donor’s lifetime but, generally, not available until sometime in the future. Combined with estate and tax planning, planned gifts can maintain the value of your estate for loved ones while allowing you to make a gift without affecting your current lifestyle. Gifts do not necessarily have to be deferred until the end of one’s life to be considered a planned gift. You may prefer to make an outright gift to immediately see the impact of your support. Any donation of substantial assets given during your lifetime designed to meet your charitable goals and sometimes to maximize tax or estate-planning objectives is also considered to be a planned gift. 

Gifts of property and assets, life insurance, and charitable remainder trusts can all produce immediate tax benefits. Your planned gift may be a "present gift" that the Okanagan College Foundation can use now or a "deferred gift" that will be available in the future. 

Bequests are critical to the future success of students and are a wonderful legacy. This support is instrumental in the establishment, and strengthening of endowment funds, scholarships and other student financial aid programs, libraries, research and buildings. 

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