Next Steps

  1. Contact Jim Durbin at 405.271.7803 or jim-durbin@dmei.org to talk about supporting DMEI Foundation by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include DMEI Foundation in your plans, please use our legal name and federal tax ID.

Legal Name: Dean McGee Eye Institute Foundation
Address: 608 Stanton L. Young Blvd., Oklahoma City, OK 73104
Federal Tax ID Number: 73-1396478

Protect Your Assets

Charitable Lead Trusts Offer You Options

You can benefit from the tax savings that result from supporting the Dean McGee Eye Institute Foundation without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.

There are two ways that charitable lead trusts make payments to DMEI Foundation:

A charitable lead annuity trust pays a fixed amount each year to DMEI Foundation and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to DMEI Foundation go up.

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Choose From 2 Win-Win Ways to Donate.

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An Example of How It Works

Man smilingGeorge would like to support DMEI Foundation and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7 percent of the initial fair market value) to DMEI Foundation each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $873,110. Assuming the trust earns an average 6 percent annual rate of return, George receives approximately $767,240 at the end of the trust term.

George's trust pays $175,000 (7 percent of the initial fair market value) to DMEI Foundation each year for 15 years, which will total $2,625,000. After that, the balance in the trust goes to his children. Assuming a 6 percent investment return, the children will receive approximately $1,918,101.

*Assuming annual payments and a 2.4 percent charitable midterm federal rate.

Calculate Your Benefits

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