Planned gifts generally come from fixed assets of an estate, which have significant impact on both income and estate taxes and usually include a retained interest for the donor. The gift requires the creation of a legal, contractual document, which is usually created currently but is not realized by Opportunity Living until later, when the terms of the contract are fulfilled. Examples of planned gifts are: Charitable Gift Annuities, Charitable Remainder Trusts, and Charitable Annuity Trusts. Policies, limitations and procedures for gifts with retained life interest, are available upon request from Opportunity Living/Opportunity Living Foundation. For more information, please call us at (712) 464-8961.
For additional information on this type of gift, an excellent resource is located at MIPGC - Leave a Legacy, a web site developed by Leave A Legacy Iowa. Leave A Legacy Iowa have resources to educate and assist Iowans who want to perpetuate their values, benefit their retirement, save taxes and help local charities. Opportunity Living is a member of Leave A Legacy Iowa.