Gift Planning

Gifts through wills and bequests can provide you with the opportunity to honor and sustain your family name and legacy in conjunction with The Oglebay Foundation’s name recognition program. The Oglebay Foundation will work with you and your attorney to ensure that your intentions are clearly expressed.

You may make a gift of cash, securities, real estate, or other assets by providing in your will or living trust for a bequest to The Oglebay Foundation. Your gift may be a specific bequest of a designated sum or asset, or it may be a percentage of your residuary estate.

The value of your bequest to The Oglebay Foundation is fully deductible for estate-tax purposes. You may also establish an income-producing planned gift for the benefit of others through your will, thereby reducing your taxable estate. A bequest, whether outright or to fund a planned gift, can be a useful and advantageous addition to your estate plan.


Bequests

The following includes several examples of suggested bequest wording to benefit Oglebay and Wheeling Park through The Oglebay Foundation. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with Oglebay Foundation staff to ensure that your wishes will be properly followed and recognized. If you have any questions about the examples, contact Eriks Janelsins at ejanelsins@oglebay-resort.com or 304-243-4160.

 

• To The Oglebay Foundation for Unrestricted Purpose
“It is my desire to make a charitable bequest, and I hereby give, devise, and bequeath to The Oglebay Foundation, Inc., of Wheeling, West Virginia,__________________ percent (%) of my entire estate. It is my desire that the bequest that is made to the Trustees of The Oglebay Foundation be used by the Trustees in such a manner as in their sole discretion may determine for the care, maintenance, and improvement of Oglebay and Wheeling Parks and its facilities.”

• Specific Amount for Unrestricted Purpose
“It is my desire to make a charitable bequest, and hereby I give, devise, and bequeath to The Oglebay Foundation, Inc., of Wheeling, West Virginia, the sum of _______ dollars ($) as an unrestricted gift to be used in the area of greatest need at the time the gift is received. It is my desire that the bequest that is made to the Trustees of The Oglebay Foundation be used by the Trustees in such a manner as in their sole discretion may determine for the care, maintenance, and improvement of Oglebay and/or Wheeling Park and its facilities.”

• Specific Amount for a Specific Purpose
It is my desire to make a charitable bequest, and I hereby give, devise, and bequeath to The Oglebay Foundation, Inc., of Wheeling, West Virginia, the sum of __________ dollars ($) to be used for ______________________at (Oglebay and/or Wheeling Park). It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the Trustees of The Oglebay Foundation may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.


Life Insurance

Life insurance can play a very important part in planned charitable giving. Life insurance for charitable purposes can be accomplished by 1) the transfer of ownership of an existing policy to The Oglebay Foundation, or 2) the purchase of life insurance which names The Oglebay Foundation as the beneficiary and/or owner.


Life Income/Charitable Trusts

Charitable Trusts and charitable gift annuities offer an opportunity to make a substantial gift to The Oglebay Foundation without forfeiting the annual income produced by these assets. You can retain income for your life and the life of your spouse. This gift can also be structured to create a substantial tax benefit over a period of years.