Occupational Development Center. 640 Martha Ave Lancaster, PA 17601 (717) 397-4269 www.odcenter.org. "Working to Build Independence Since 1948". Planned Giving .
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640 Martha Ave
Lancaster, PA 17601
"Working to Build Independence Since 1948"
This power point presentation is not professional tax or legal advice; consult a qualified tax advisor about your specific situation.
A Pooled Income Fund allows you to do 3 things:
An irrevocable trust naming individual beneficiaries for life; and one or more qualifying charities, as recipients of the remainder upon the last to die of the individual beneficiaries.
A CRT provides a lifetime income and a charitable deduction.
A minimum of $100,000 is recommended to establish a Charitable Remainder Trust
Designate the non-profit as beneficiary
If you designate your children as beneficiaries, taxes can eat up 75% or more of the value of the IRA!
-Federal Estate Tax
-State Inheritance Tax
-Federal Income Tax
-State Income Tax
Primary Goals of The ODC Foundation are to:
- Maximize the current and long-term impact of charitable donations in furtherance of the ODC Mission
- Provide donors with significant financial advantages; tax benefits; convenience; professional management, versatility; recognition and/or anonymity
- Educate the Lancaster community and other constituencies regarding “ways to give” to the ODC Foundation
- Secure a financial future for the Occupational Development Center.
Whether contributing to an ODC event, making an unrestricted or restricted gift, or setting up a trust, everyone can make a difference. All gifts are tax deductible to the extent permitted by law.
Phone: (717) 397- 4269
Fax: (717) 397- 4260