GIFTING PROPERTY

We accept gifts of homes, land, or other property that we can permanently steward for community benefit.

We also accept other gifts of real estate that—with the donor’s permission to sell—can support the strategic acquisition of other land and housing for low-income families.

Options

1. An outright gift of land or other real estate to OakCLT

Make a gift of real estate during your lifetime, or arrange for a bequest as a living legacy upon your death.

2. Give Your Home, But Continue to Live In It

A charitable life estate agreement can provide you the best of both worlds: meet your goals for the charitable donation of your home to OakCLT AND retain the right to live in your home until you decide otherwise. This arrangement can provide you with an immediate income tax deduction.

The IRS may grant this deduction even though you continue to enjoy full use of your home or land. The IRS expects the owner to retain full responsibility for the care and maintenance of the property.

Your primary benefits are the continued use of your home or land, an immediate charitable income tax deduction, the avoidance of probate and estate tax on the property, and the satisfaction of making a considerable gift to the Oakland Community Land Trust during your lifetime.

3. A Charitable Sale: donate a portion of the value of your property to OakCLT

Do you have a property that you would like to sell, but also want to explore how you might be able to help OakCLT? If you are willing to donate a portion of the value of your property, OakCLT may be able to arrange a purchase. The difference between a charitable or “bargain” sale price and the appraised market value should be a tax deductible donation.

Additional Information & Questions

If you have any questions, or would like additional information, please contact Steve King, Executive Director at 510-463-2887 or stevek (at) oakclt.org.

LEAVING A LEGACY

There are many ways you can help OakCLT achieve our mission and expand our impact through planned giving.

Planned Giving Options

Bequests

Bequests are the most common type of planned gifts.

• They are easy to arrange and the bequest remains in your control.
• You can change your mind at any time and you can structure the bequest to leave a specific item, or amount or leave a percentage of your estate to the Oakland Community Land Trust.
• Your bequest is entitled to an estate tax charitable deduction for the gift’s full value. All that is needed is a few sentences in your will or trust.

4 most common bequests:

1. A fixed amount of money or a designated property.

Sample Language:

“I give $_________(or describe the real or personal property, including exact location) to Oakland Community Land Trust, a California nonprofit corporation, currently located at 101 Broadway, Suite 310, Oakland, CA 94607. Tax identification number 32-0285788.”

2. A percentage of the estate.

Sample Language:

“I give___% to Oakland Community Land Trust, a California nonprofit corporation, currently located at 101 Broadway, Suite 310, Oakland, CA 94607. Tax identification number 32-0285788.”

3. A residual bequest.

Sample Language:

“I give all the residue of my estate, including real and personal property, to Oakland Community Land Trust, a California nonprofit corporation, currently located at 101 Broadway, Suite 310, Oakland, CA 94607. Tax identification number 32-0285788.”

4. A double-purpose bequest.

You can provide a relative or loved one with income for life through a special gift to the Oakland Community Land Trust. You can do this by establishing a charitable trust through your will. Upon your death, the trust pays income to the person you designate. After that person’s death, whatever remains in the trust passes to OakCLT.

We suggest you specify that your bequest be “used in such a manner as the Board of Directors of the Oakland Community Land Trust, in its discretion, determine.” If you prefer to further restrict your bequest, we can work with you to ensure that your wishes will be met.

Retirement Assets

Naming the Oakland Community Land Trust as a beneficiary of your qualified retirement plan or Individual Retirement Account allows you to direct assets tax-free (avoiding both income and estate taxes).

To make an IRA charitable rollover gift or other gift of retirement assets, simply contact your plan administrator and request a direct distribution to OakCLT.

Your plan administrator may require the following information:

The Oakland Community Land Trust is a California nonprofit corporation, currently located at 101 Broadway, Suite 310, Oakland, CA 94607. Tax identification number 32-0285788.

Life Insurance

Life insurance designations are a simple and popular method of providing funds to beneficiaries upon your death.

In your life insurance policy, you may designate beneficiaries to direct the distribution of proceeds; these proceeds are typically not transferred through your will.

A nonprofit organization, such as the Oakland Community Land Trust, can be named the beneficiary of your life insurance policy.

Additional Information & Questions

If you have any questions, or would like additional information, please contact Steve King, Executive Director at 510-463-2887 or stevek (at) oakclt.org.

Disclaimer

We strongly suggest that you consult with an estate planning advisor regarding the legal and financial implications—as well as tax advantages—of any gift to make sure that it aligns with your wishes, needs, and estate planning goals.

DONATE STOCKS & SECURITIES

Donating stock or mutual fund shares is a powerful way to help the Oakland Community Land Trust fulfill our mission. Making a gift of securities is simple and offers a number of valuable financial benefits. You can donate appreciated stocks, bonds or mutual funds. Also, the total value of the stock upon transfer is tax-deductible and there is no obligation to pay any capital gains taxes on the appreciation.

If you have any questions, or would like additional information, please contact Steve King, Executive Director at 510-463-2887 or stevek (at) oakclt.org.

If you have a DAF at Schwab, Fidelity, or BNY Mellon Charitable Gift Fund, you can initiate your contribution below: