Planned Giving

Donor Advised Funds

A Donor Advised Fund (DAF) acts like a personal savings account for charitable
purposes. Typically held at a community foundation or large financial institution, DAFs allow you to recommend grants to charities of your choice. To give a gift through a DAF, please contact your fund advisor to distribute the gift today, or on a recurring basis (monthly, quarterly, semi-annually, or annually).

IRAs
If you were born on or after June 30, 1948, or are 72 years old at the time of your gift, you can receive tax relief by using your IRA for charitable gift-giving. One of the easiest ways is to make a Qualified Charitable Distribution (QCD) from your IRA. This way, the funds transfer directly from your IRA to OMRF and immediately begin supporting life-saving medical research. Even if you don’t itemize deductions, you can benefit from a QCD.

If you plan to make a gift through your IRA, please notify us so that we can properly acknowledge your gift.

Minerals
A uniquely Oklahoma way to support medical research is donating mineral interests to OMRF. If the interest meets certain criteria, it can be given as an outright gift to OMRF or be included as part of your estate plans. OMRF’s policy is to hold all donated mineral interest in perpetuity.

Real Estate
Real estate that meets certain criteria can be given as an outright gift to OMRF or be included as part of a will or trust. A donation of real estate may avoid certain capital gains tax on its sale, and you may also be eligible to receive a sizeable tax deduction. The value of your gift will be based on the property’s fair market value, which must be established by an independent appraisal.

Stocks
The donation of appreciated stocks, bonds, and mutual funds is a great way to support OMRF! If you have owned the securities for longer than a year, you will receive a tax deduction for the full market value of the securities and potentially avoid tax on capital gains.

If you are ready to make your donation, please alert us so we can properly acknowledge your gift. When securities are transferred to OMRF, the financial institution often does not provide the donor’s information.

Helpful details to facilitate your gift:
DTC No.: 0141
Account No.: 4970-6600 at Wells Fargo
Name: Oklahoma Medical Research Foundation

Vehicles
OMRF has partnered with a third-party organization to make accepting and processing your vehicle donation a breeze! You can donate a car, truck, RV, motorcycle or boat whether it is running or not. It will be picked up directly from you, processed and OMRF will receive the proceeds from the sale.

Click here for more information

Gifts by Will or Trust
You can make a lasting impact on the future of research at OMRF with a simple stroke of a pen. A gift through your will or trust is one of the most popular ways to ensure OMRF’s research continues long into the future. Gifts may be undesignated and support OMRF’s greatest area of need at the time the gift is received, or you may designate an area of research to benefit from your lasting legacy.

Here are a few ways you can include OMRF in your will or trust:

• General Bequest: OMRF receives a specific amount of money which is listed in your estate documents.
• Specific Bequest: You specify in your will or trust that OMRF receives a specific asset (like artwork, jewelry, stock, a specified account balance, minerals, or property).
• Residual Bequest: All or a percentage of the remainder of your estate after a general and specific bequest have been fulfilled is designated to OMRF.
• “Greater of” Residuary Bequest: OMRF receives the greater of either a percentage of your estate or a specific dollar amount.
• Contingent Bequest: OMRF receives a gift slated for other beneficiaries of your estate in the event of their prior passing.
• Trust Remainder: All or a portion of the remaining principal left from a trust after the death of the surviving beneficiaries or after a specified term.

Please use the following legal name and tax identification number when designating OMRF:
Oklahoma Medical Research Foundation
Attn: Planned Giving
825 NE 13th Street
Oklahoma City, OK 73104

Tax ID No.: 73-0580274

We are happy to provide examples of language for your will or trust upon your request. We strongly urge you contact us if you plan to designate your gift to a specific area of research. We recognize that it may be many years before this gift is received and ask that you be as flexible as possible when designating your gift to a specific area of research.

If you have already made provision for OMRF in your estate plans, please let us know. We’d like to invite you to be a member of the Chapman Legacy Society. Inclusion in the society gives you access to exclusive opportunities to hear directly from our researchers, special recognition, and more.

Beneficiary Designation
Designating OMRF the beneficiary of a retirement plan, insurance plan, or financial account is a simple way to support research at no cost to you now. These gifts are an affordable way to have a lasting impact on OMRF’s research. Simply contact your plan administrator or financial institution and ask for a beneficiary designation form. Here is some information that may be helpful to you while completing the form:

Legal Name: Oklahoma Medical Research Foundation
Federal Tax ID No.: 73-0580274
Address: OMRF, Attn: Planned Giving, 825 NE 13th Street, Oklahoma City, OK 73104

Charitable Gift Annuity
A gift to OMRF through a charitable gift annuity (CGA) provides lifetime payments to you (or a recipient of your choosing). The income you receive is partially tax-free, making this a great option for donors wishing to maintain a steady stream of income while supporting OMRF. Once you decide how to fund the CGA using cash or other assets like appreciated stock, OMRF will agree to pay you fixed payments for life using current Federal rates. Not only will you receive an immediate tax deduction, but you may also avoid certain capital gains taxes on a portion of your gift.

Charitable Remainder Unitrust
A Charitable Remainder Unitrust (CRUT) is a wonderful option for donors looking for income for life while avoiding certain capital gains taxes. Any assets transferred into the trust are invested to pay you or other beneficiaries income for life or a term up to 20 years. You will receive an immediate tax deduction when you transfer the assets, and OMRF will benefit from what remains in the trust after all the payments have been made to you or your beneficiaries.

Charitable Remainder Annuity Trust
Similar to a Unitrust, a Charitable Remainder Annuity Trust (CRAT) offers a steady stream of fixed payments to you or your heirs.