What are the three kinds of gifts I can give to Oklahoma Baptist University?
Generally speaking, during your lifetime you can make an outright gift of cash, securities or other property (e.g., real estate, personal property). Upon your death you can make a gift through your will or with a distribution from a retirement plan or life insurance policy. You also have the option of making a gift that returns lifetime income to you, your spouse, or other individuals, such as a charitable gift annuity, or charitable remainder trust.
Related Questions
- I want to set up a life insurance policy, name Oklahoma Baptist University as beneficiary, but retain ownership of the policy. Can I deduct the premium payments I make?
- Can I transfer my IRA to Oklahoma Baptist University to set up a life-income gift, and avoid income tax on the transfer?
- Can Oklahoma Baptist University serve as the Executor of my estate?
