Thank you for your interest in learning more about the benefits of planned giving — for you, for your family, and for Omicron Delta Kappa.
There are several different types of planned gifts that individuals may make to support Omicron Delta Kappa.
A simple way of supporting OΔK in the future is by designating our organization as a beneficiary in your will. If you have already made a will, it’s easy to add a binding will codicil without redrafting the original will.
Many people don’t realize that both new and existing life insurance policies can be donated to nonprofits. When you donate one, you may qualify for a charitable deduction on the premiums of a new policy or the cash value of one you already own. To qualify, you must designate OΔK as both the owner and the beneficiary. Ask your financial planner for guidance.
Lastly, gifts from retirement assets may be designated to support the work of Omicron Delta Kappa. A charitable IRA rollover is a gift option that enables donors age 70 1/2 or older to transfer up to $100,000 directly from the donor’s IRA (or IRAs) to a qualified charity each year. The donor does not recognize the transfer as taxable income on his or her tax return. Your organization’s benefits advisor or your financial planner can provide additional information.
Planned giving is as easy as (1) making a charitable gift and (2) saving taxes. We’d like to make it even easier with this introduction to some of the best ways to give — and save. We hope that this information will be helpful to you and your attorney, accountant, or other professional advisors. If you have further questions, please give us a call or use our contact form.
Thank you for your interest and support of Omicron Delta Kappa.