ENDOWMENTS | PLANNED GIVING
ENDOWMENTS
An endowment can be created through an outright gift, through a *bequest in a living will, or through a life income gift such as a charitable gift annuity or a charitable remainder trust.
One of the simplest ways to make an important gift towards a Veteran's education and employment goals is through your living will. You can name HOFV Inc as the direct beneficiary of specific assets, a portion or percentage of your estate, or of your residual estate after payment of other bequests.
Charitable giving through your estate can offer both flexibility and estate tax advantages. Two of the most popular forms of bequests are a fixed amount of money or a designated property and a percentage of the estate.
Gifts made through wills and living trusts are easy to arrange and can be changed at any time you choose, giving you maximum flexibility in your planning. You will also enjoy peace of mind knowing that your property will be put to good use when you no longer need it, but your cash flow will not be affected today.
Creating or updating your estate plans calls for careful planning with the help of an estate-planning attorney. Bequest language can vary from state to state, and country to country. Thus, it is always best to use an attorney that understands local estate laws.
*Bequest Definition: The act of giving or leaving something by a will.
PLANNED GIVING
GIFTS OF APPRECIATED SECURITIES
Make a tax-deductible gift of stocks, bonds or mutual funds to HOFV.
GIFT OF RETIREMENT PLAN ASSETS
Since there are a variety of retirement plans with significant restrictions on how and when transfers and distributions may be made, we highly recommend that members and supporters review their situation with a retirement plan administrator, tax professional or financial advisor.
LIFE INSURANCE OPTIONS
Naming HOFV in a life insurance policy that is no longer needed for family support or liquidity may be an excellent vehicle for a gift. Consult your tax advisor to see if this type of planning makes sense for you and your loved ones.
There are several ways to give life insurance, including naming HOFV as beneficiary of a new or existing policy, assigning HOFV as owner of no longer needed paid-up or partially paid policy, or taking out a new policy with HOFV as owner.