Philanthropy is a rich historic tradition in this country

The Odessa College Foundation offers a complete realm of possibilities for investing in the future of Odessa College and its students.  These creative ways of giving include methods to initiate tax savings and possibilities to earn life income for the donor.

Please consider these various means of giving that encourage and foster the support of OC's nonprofit foundation (501)(c)(3) and its scholarship recipients.  Your gift can make a difference in the lives of the students now and in the 21st Century.

Creative Ways of Giving

Charitable Gift Annuity

A charitable gift annuity provides a lifetime income to the donor and an immediate income tax deduction.  The annuity is a contract between two parties guaranteeing annual payments of a particular amount for the life of one or more people.  With this method of giving, the donor gives cash or property to the college and in turn receives an annuity.  A portion of the income from the annuity is tax free.

Personal Property Gift

Odessa College receives many unique gifts such as art objects, antiques, bonds and oil/gas interest royalties that can be used or sold.  Donors may receive a charitable tax deduction for the value of the gift.

Life Insurance

Life Insurance Policies offer a convenient way to make a charitable gift to Odessa College and donors may choose from a wide range of policy types.  When the policy is purchased and Odessa College is named as owner and beneficiary, the entire amount of the annual premium is tax deductible.

Charitable Remainder Trust

Charitable trusts are advantageous for the donor.  A trust is a legal entity created to hold and manage particular assets for the benefit of a person or organization.  Establishing a charitable trust can produce a higher income for the donor.  Various assets can be placed in these trusts, especially assets that have increased in value but produce little or no income.

Will or Revocable Trust

Estate planning provides a long-term benefit for the college.  Making a bequest to Odessa College not only impacts the future success of the college, but it reduces the taxable estate and often lowers the estate's tax liability for the donor.  Bequests can be designated for a particular interest such as a discipline, building, or scholarship.  Personal or memorial endowments are frequently established through a will or trust.

Annual Fund

Former Student Association members and friends make major investments to Odessa College through annual donations. Dollars-For-Scholars is the annual fund that provides immediate assistance to students who are not eligible for other sources of financial aid.

Appreciated Stock & Securities

Transferring of stock or publicly traded securities is popular with donors.  Gifts of appreciated securities to Odessa College are advantageous to the donor because they do not call for federal capital gain taxes if the security has been held for more than one year.  The easiest way to give stock or securities is through a broker who can transfer the gift to an account established for Odessa College.

Real Estate

Real property such as a residence, farm, or ranch is often used as a philanthropic gesture to the college.  Deeding this charitable gift to Odessa College provides the donor with an income tax deduction.

I am considering making the following Philanthropic Inquiry