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Gift Planning :: Income-Generating Gifts
Making a Gift that Generates Income to You
If you wish to make a significant gift to Oberlin but are not sure you can comfortably give up the assets, you might want to consider a planned gift. Through a planned gift, you can give the asset to Oberlin but retain the right to the income for yourself and/or your spouse, children, and others. This retention of income may be held for a period of years or for the lifetime of your named beneficiary. You will receive a charitable deduction for a portion of the value of your gift in the year the gift is made. You may also be able to avoid or defer capital gains tax if you give an asset that has appreciated in value.
Several planned giving vehicles are available depending on your needs, including:
The type of asset being given, and the age and specific needs of your beneficiaries all help determine which vehicle is right for you. Our Gift Planning staff can work closely with you and your advisors to determine the best way for you to make a planned gift.
Making a Gift that Generates Income to Oberlin
Charitable Lead Trusts are available to donors who wish to retain ownership over an asset, yet give Oberlin the income produced by that asset. The Gift Planning Office can work with you and your advisors to determine whether this is the right planned gift for you.
Taking the next step:
To learn more about income-generating gifts, please contact us at gift.planning@oberlin.edu or (440) 775-8599. We also encourage you to fill out the request for information form so we may better assist you.
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