Current & Future Donors

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Trusts & Annuities

The Oregon Community Foundation acts as trustee for charitable trusts and gift annuities. A life income or split interest gift arrangement secures beneficiary payments for the donor, or for other named individuals, while also providing a charitable gift to OCF. 

Trusts or annuities are administered through TIAA Kaspick with oversight by Foundation staff.  TIAA Kaspick manages one of the largest portfolios of planned gifts in the nation and has a proven track record of providing excellent trust administration with competitive investment returns.   
 

  • Types of Trusts

    Types of Trusts

    Charitable Remainder Trusts (CRTs)

    A donor may transfer assets to a charitable remainder trust that provides a specified distribution percentage to one or more (income) beneficiaries for life, or a term of years, with the remainder interest paid to charity. There are two kinds of CRTs:

    • Charitable remainder unitrust. A CRUT requires annual revaluation of the trust assets — which typically changes the value of the unitrust payment — and allows donors to make additional gifts to the trust.
    • Charitable remainder annuity trust. The income beneficiary of a CRAT receives a fixed amount that is determined when the trust is established.  A CRAT does not allow donors to make additional gifts to the trust.

    Charitable Lead Trusts

    A donor may transfer assets to a charitable lead trust. A charity is the income or “lead” beneficiary for a lifetime or term of years, after which the remaining assets are distributed to the donor or other beneficiaries.

     

  • Gift Annuities

    Gift Annuities

    A charitable gift annuity is a contract between a charity and a donor. In return for a donation of cash or other assets, the charity agrees to pay the donor — and/or someone designated by the donor — a fixed payment for life. The donor can claim an immediate charitable tax deduction for the amount of transfer above the value of the annuity purchase.

    If a donor funds a gift annuity with long-term capital gain property — e.g., with appreciated stock — the donor will report only some of the gain, and may be able to report it in installments over many years. Donors can also establish a deferred charitable gift annuity to defer receiving income from the gift annuity for a period of years.

    OCF will consider issuing gift annuity contracts for annuities originating in Oregon that meet these guidelines:

    • Minimum age of the annuitant is 60 (55 for deferred gift annuities).
    • Annuity rate does not exceed the rate published by the American Council on Gift Annuities.
    • Minimum gift amount is $25,000.
  • Staff Assistance

    Staff Assistance

    If you would like more information about establishing a charitable trust or gift annuity, please contact:

    If you are the donor or beneficiary of an existing trust, please contact:

    • Amy Reaney, fund services officer for supporting organizations and trusts: areaney@oregoncf.org or 503.227.6846. (Amy can also provide you with online access to your trust or annuity account at the Kaspick & Company website.)