Perhaps the simplest way of donation to the SIOP Foundation is by naming one of the existing SIOP Funds as a beneficiary in your will.
In this way, you can create a means of support for your favorite charitable causes and reduce your estate taxes.
For example, in a bequest, you can designate a specific amount or a fixed percentage of cash, securities, real estate, or other assets to the Toledo Community Foundation/SIOP Funds. Such assets are then used to establish or donate to a SIOP Fund within the Toledo Community Foundation.
By writing a will, you will decide how your assets should be distributed. If you die without a will, your assets will be distributed according to Ohio state law. Requests to a charity, such as the SIOP Foundation, reduce the amount of tax owed by your estate. Oftentimes you can fund your charitable objectives without decreasing the amount passed on to your heirs.
With a bit of planning today, you can ensure the future of I-O psychology in your name, long after you're gone.
Your calls and questions to SIOP are welcome. You may reach us at:
The SIOP Foundation
440 E Poe Rd Ste 101
Bowling Green, OH 43402-1355
419-353-0032 Fax: 419-352-2645
Please note: Tax and estate planning are complex matters which should be undertaken with the assistance of your legal or financial advisor. Please consult with your personal advisor(s) regarding your specific tax and financial situation.
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