Giving through Your Will
This is typically one of the simplest ways to make a gift through your estate. Just include a provision in your will that bequeaths assets to the Marine Corps Scholarship Foundation. You may choose to place no restrictions on the use of the assets, which frees the Scholarship Foundation to use your bequest to meet the greatest possible need or you can direct your gift to fund a specific program. Your bequest may be for a specific dollar amount, a specific asset, a portion of your estate, or for all or a portion of the remainder of your estate.
If you’ve already made a will, it is easy to change. In fact, you should review your will periodically to make sure that changes in your circle of family and friends are reflected. (You have a new grandchild, for example.)
Reasons to Consider a Bequest
- You want to make sure there is scholarship money available for the children
of Marines in the future.
- It’s very easy.
- You can direct your gift to a specific program.
- A will can be modified if circumstances change.
Your Bequest Options
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
Making a Bequest of Your Retirement Assets
A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
To discuss your Bequest options in greater depth, please click here or call 703-549-0060 to consult with Lindsay Cameron, the Marine Corps Scholarship Foundation Planned Giving Coordinator.