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|Newsletters: Ever wonder...|
What would happen if funding for the Oley programs were to disappear?
In 1995 Oley, staff and Trustees faced serious financial issues. With managed care creating havoc within the homePEN industry, financial support for the Foundation was critically reduced. Survival measures were taken: expenses were cut, staff was reduced, the national patient registry was dissolved. Oley members faced reality — the organization that connected so many to information and each other might be closing its doors forever.
Since then we have been comforted with successful fundraising campaigns, both corporate and individual. We’ve witnessed a shift in financial responsibility from principally corporate to a much better balance between industry and the general membership. Although we’ve been on solid ground since 1998 and have even managed to replenish our modest reserves, the harsh reality is that in a quick 12 months the atmosphere could change and the services could once again be at risk.
In an effort to ensure that Oley programs and services continue for a very long time, it is necessary for us to ask you, your spouse and/or adult children to think about coordinating a “planned gift.” Planned gifts are donations other than outright cash gifts, usually from your estate, for example: bequests, life insurance policies, income-producing gifts. Small or large, these gifts, when pooled with other charitable gifts help to create a more secure, healthier organization.
The following information is provided as “food for thought”… to help you better understand the “ins and outs” of planned giving.
Why is it important for Oley members to consider planned giving?
It is difficult for those who do not deal with the challenges of home nutrition support to truly understand the impact these therapies can have on a person/family’s life and the benefits of the services provided through the Oley Foundation. We need to help ourselves and those who will follow in our path!
How can you, a friend or family member can make a difference with a planned gift?
Make a Bequest — specify distribution of your assets through your will. Your attorney could work with you to draft or change your will to include Oley. You might consider stating a dollar amount or a specific property or asset. The gift could be immediate or contingent upon non-survival of preferred beneficiaries (such as a spouse). A bequest could be directed to be used for general needs, an endowment fund or a specific program of interest.
Donate Gift Appreciated Assets (typically equities or stocks) — this type of gift is attractive as it can provide a significant tax advantage. These gifts typically provide an income tax deduction equal to the current value of the asset, a higher value than your original cost. If classified as long term capital gains property, these gifts could also spare you capital gains taxes on the growth of the asset. For example: if you gift stock purchased for $3,000 that has appreciated to a value of $10,000, $7,000 of appreciation could be subject to capital gains taxes. The Oley Foundation is not subject to capital gains taxes and would benefit from the full $10,000 value.
Am I limited to the methods of giving listed above?
No. There are many more options and methods for making a bequest. We have resources available to help you plan.
Whatever method of giving you use, and whatever amount you choose to give, we appreciate your willingness to join our community of support. We welcome any questions and would be more than happy to entertain any ideas that will contribute to the success of this program. Feel free to contact us at anytime at (800) 776-OLEY / (518) 262-5079 or firstname.lastname@example.org. For more information on Planned gifts click here.
2/6/2017 » 2/10/2017
Feeding Tube Awareness Week
2/18/2017 » 2/21/2017
Oley exhibit at A.S.P.E.N.'s Clinical Nutrition Week
Oley Regional Conference