Planned Giving

Planned Giving FAQs

How do I leave a bequest to the U.S. Military Veterans Foundation?

Thank you for your interest in leaving a legacy gift in support of America’s military, veterans and their families. All you need to do is to name the U.S. Military Veterans Foundation in your will as a beneficiary. Please include the organization’s legal name and address, as follows:

U.S. Military Veterans Foundation, Inc.
4030 Wake Forest Road, Suite 300
Raleigh, North Carolina 27609

Sample Bequest Language for a Gift to the U.S. Military Veterans Foundation:

Specific Bequest: I give, devise, and bequeath to the U.S. Military Veterans Foundation, Inc. the sum of $____ [or ___ percentage of my estate] [or the following specified property _______________].
Residual Bequest: My estate will pay all debts, taxes, and specific bequests.  I give, devise, and bequeath the remaining amount, the residue, to the U.S. Military Veterans Foundation, Inc.
Contingent Bequest: In the event that [insert name of beneficiary] predeceases me, I give, devise, and bequeath his/her bequest or share to the U.S. Military Veterans Foundation, Inc.”

What is the U.S. Military Veterans Foundation’s tax ID number?

46-4499461

Is the U.S. Military Veterans Foundation a tax-exempt charitable organization?

Yes. The Internal Revenue Service has determined that the U.S. Military Veterans Foundation is an exempt organization under section 501(c)(3) of the Internal Revenue Code.

What is meant by a planned gift?

A planned gift is a deferred gift. In making a planned gift, a donor decides to give at some future date, years from now or after the donor has passed away. Planned gifts are usually drawn from assets in your estate and are made upon your passing.

What tax deduction will I receive for my gift?

Your tax benefits will depend on several factors, including: the type of gift, the time at which it is made, and whether it is outright or deferred, or has any income payments. In general, though, here are some guidelines:

Outright gifts to generate a full income-tax charitable deduction: Outright gifts of appreciated securities are deductible at fair market value, with no recognition of capital gains — a great tax benefit!

Gifts of personal property, such as art, books, and collectibles, are fully deductible as long as they are relevant to the U.S. Military Veterans Foundation’s mission. Please contact us for further guidance on this point.

Bequests do not generate a lifetime income-tax deduction. They are exempt from estate tax.

Life insurance distributions are not income-tax deductible, but are exempt from estate tax. If you have made the U.S. Military Veterans Foundation the irrevocable owner and beneficiary of a policy during your lifetime, then you may deduct annual gifts that offset premium payments.

Transferring qualified retirement plans such as an IRA, 401(k), 403(b), or Keogh to the U.S. Military Veterans Foundation allows individuals to defer paying taxes on a portion of their income until the assets are withdrawn during retirement years.  However, after a person’s death, these accounts are often exposed to income and estate taxes.  Your estate and heirs will pay the tax at some point, unless the accounts are contributed to charity.  By giving retirement assets to the U.S. Military Veterans Foundation, you receive double benefits: Your estate and heirs will not be taxed on the portion that goes to charity, and you will support the U.S. Military Veterans Foundation!

Do I need to specify a precise amount to be left to theU.S. Military Veterans Foundation?

You may specify a certain sum, or a percentage of your estate, or a description of the property you wish to give.  If you make specific bequests to family members and/or friends, you may prefer to leave the U.S. Military Veterans Foundation a percentage of the residue of your estate.

Can I support a specific U.S. Military Veterans Foundation program with my bequest?

The U.S. Military Veterans Foundation honors a donor’s stated intent for the use of a gift.  You may choose to support one of U.S. Military Veterans Foundation’s programs or services in your bequest. However, because the U.S. Military Veterans Foundation’s programs change over time to meet the evolving needs of veteran and military families, we recommend that you consider making an unrestricted gift, which can be used by the U.S. Military Veterans Foundation where need is greatest.

Do you accept stock, artwork, antiques, or other appreciated assets?

Yes. Generous donors have also bequeathed to the U.S. Military Veterans Foundation jewelry, houses and other real property. Please contact us for more information at 919.719.2751 or email us at bwilliams@usmvfoundation.org.

Can I bequeath funds from a retirement account or an investment account?

Yes. Please cite the U.S. Military Veterans Foundation’s legal name and address, as follows:

U.S. Military Veterans Foundation, Inc.
4030 Wake Forest Road, Suite 300
Raleigh, North Carolina 27609

How can I make a planned gift in memory or in honor of a loved one?

You may include this request in your bequest.

Does the U.S. Military Veterans Foundation offer estate-planning advice?

Unfortunately, we do not offer estate-planning advice.  For such advice, please consult an attorney or financial planning professional.

Can I include the U.S. Military Veterans Foundation as a beneficiary of my trust? Yes.  Please cite the U.S. Military Veterans Foundation’s legal name and address, as follows:

U.S. Military Veterans Foundation, Inc.
4030 Wake Forest Road, Suite 300
Raleigh, North Carolina 27609

Who should I contact at U.S. Military Veterans Foundation if I have questions about making a planned gift to the U.S. Military Veterans Foundation?
If you have any other questions, please contact us at919.719.2751 or email us at bwilliams@usmvfoundation.org.