Planned Giving

Some of the most transformative gifts to Olympic College come from donors who plan ahead — people who want their values and commitments to outlast them, and whose generosity will shape the college for generations to come. Planned giving, sometimes called legacy giving, allows you to make a significant contribution to the Olympic College Foundation through your estate or financial plan. Many planned gifts cost nothing during your lifetime, yet create an enduring impact that continues long after you’re gone. The OC Foundation is a proud founding member of Leave 10 for Kitsap, an initiative encouraging community members to direct at least 10% of their estates to charitable organizations strengthening our region for the future.

Ways to Leave a Legacy

There are many forms a planned gift can take. We encourage you to work with your legal and financial advisors to determine which option is right for your circumstances.

Bequest in Your Will or Living Trust

The most common form of planned giving. A bequest allows you to designate a specific dollar amount, a percentage of your estate, or the remainder of your estate to the Olympic College Foundation. Your assets remain fully available to you during your lifetime.

Sample bequest language (unrestricted):

“I give to the Olympic College Foundation, a 501(c)(3) nonprofit corporation located at 1600 Chester Avenue Bremerton, WA 98337 (Tax ID: 91-1595274), [dollar amount / percentage / remainder of my estate] for its unrestricted charitable use and purpose.”

To designate your gift for a specific purpose, please contact the Foundation so we can provide appropriate language.

Retirement Account Beneficiary Designation

Naming the Olympic College Foundation as a full or partial beneficiary of your IRA, 401(k), or other retirement account can be a tax-smart way to give. These assets are often heavily taxed when passed to individual heirs, but transfer to a nonprofit organization tax-free.

Contact your plan administrator to request a beneficiary designation form or update an existing beneficiary.

Life Insurance

You can name the Olympic College Foundation as a beneficiary of an existing or new life insurance policy. This allows you to make a significant future gift with relatively modest premium payments today.

Stocks, Securities, and Real Estate

Gifts of appreciated assets — including stocks, bonds, mutual funds, or real estate — may allow you to avoid capital gains taxes while receiving a charitable deduction for the full fair market value. These gifts can be structured as immediate transfers or planned gifts through your estate.

Charitable Gift Annuity or Trust

Through a charitable gift annuity or charitable remainder trust, you can make a gift to the Foundation while retaining an income stream for yourself or a loved one during your lifetime. These arrangements can provide financial benefits to you while ultimately supporting Olympic College students.

Recognition: The OC Legacy Society

Donors who have included the Olympic College Foundation in their estate plans are recognized as members of our legacy giving community. If you have already arranged a planned gift, we hope you’ll let us know — so we can thank you personally and ensure your intentions are honored.

Legacy donors receive:

Personal recognition from Foundation leadership
Invitations to special Foundation events
Updates on how your future gift will make a difference
The knowledge that your generosity will transform lives for years to come

Take the First Step

We recommend consulting with your attorney, financial advisor, or estate planner before making any planned giving decisions. We’re happy to work alongside your advisors to structure a gift that meets your goals.

To learn more about leaving a legacy at Olympic College, or to let us know you’ve already included us in your plans, please contact the Foundation.

Olympic College Foundation
Phone: 360-475-7120 Email: foundation@olympic.edu
1600 Chester Avenue, Bldg 5, Rm 300 | Bremerton, WA 98337

The Olympic College Foundation is a 501(c)(3) nonprofit organization. Tax ID: 91-1595274. All gifts are tax-deductible to the extent permitted by law. This page does not constitute legal or financial advice.