Estate Planning
Making Your Planned Gift
With careful planning, you can make gifts for charitable purposes while also providing for your needs such as
retirement security, educational expenses, care for elders and other financial priorities.
We encourage you to discuss your gift with an advisor and your family. Those who assist you with your other
financial and estate planning can often be helpful in deciding how best to make charitable gifts.
The benefits of supporting OTC are simple; student, community and business demand are met and our
communities become better places to live. Your investment will continue to change many lives by creating
opportunities for our students. Please help us continue to meet those needs.
Types of Legacy Gifts the OTC Foundation Accepts:
- Charitable Remander Trust
- Gift Anuities
- Bequest/Will
- Life Insurance
- Retirement Plan
Selecting the Legacy Gift that is Right for You
| Your Position | Process | Your Benefit |
| Bequest/Will | Add OTC to your wll. | Simplest form of a planned gift. Retain ultimate authority for distributing assets for life. Possible estate tax deduction. |
| Charitable Gift Annuity | Contractual agreement between you and OTC through cash or securities | Fixed and guaranteed payment for life. Possible tax deduction. Possibility of two beneficiaries. |
| Charitable Lead Trust | OTC receives income from Trust during lifetime or pre-established number of years. Beneficiary will receive remainder of trust at the end of term. | Possible increase of inheritance available for your heirs. Minimal or free of estate and gift taxes. Possible reduction fo capital gain tax on trust appreciation. |
| Charitable Remainder Trust | Trust agreement is a legal document. Transfer of cash and/or assets to a trust to receive income. Annuity Trust = Fixed amount of income. Unitrust = Fixed percentage for a predetermined number of years or life. |
Creat additional income for you/your beneficiary(ies). Possible income tax deduction and avoidance of capital gains tax. |
| Life Insurance | Naming OTC as the owner and beneficiary of a new or no longer needed life insurance policy | Possible incom tax deduction, or your estate may be entitle to a deduction of full amouth of the policy. |
| Retirement Plans | Name OTC as the beneficiary of your IRA | Retain control of assets during your life. Avoid double taxation on your retirement plans. Income tax adn estate taxes on such gift avoided at time of death. Possible income tax dection |
| Real Asset | Donate a vehicle, stock, savings bonds, etc. | Possibe income tax deduction. |
| Real Estate | Donate real estate. | Partial income tax deduction. |
Leaving a Legacy
More and more people are discovering the benefits of "Leaving a Legacy." You can play an important role at
Ozarks Technical Community College by establishing a perpetual endowment through the OTC Foundation
during your lifetime or with a gift from your estate
It is the perfect way to be remembered, or to remember a loved one, while making a significant contribution to
the education of future generations who will live in our community. Leave your legacy today.