Support the VSO | Planned Giving
Whatever your goals and circumstances, planned giving can help you find ways to give that are right for you. The following might give you ideas about how to plan your gift but is no substitute for the personal advice you will get from the VSO’s staff and, of course, your own advisors. Your planned gift will help the VSO continue to fulfill its mission for generations to come.
There are many ways to give to the VSO. We welcome the opportunity to help you develop a gift arrangement that meets your philanthropic and financial goals. We encourage you to discuss your intentions with your attorney or financial advisor. Our staff can also help you explore the options and benefits in your gift planning process. If you have questions, please email Marissa Strayer-Benton, Development Director or call (800) VSO-9293 x 25.
The Legacy SocietyThe Legacy Society was established in 2007 to recognize individuals whose bequests or other planned/deferred gifts will perpetuate the VSO’s work for future generations. This recognizes intended gifts that may not be realized yet, where the donor has formally indicated that the VSO has been included in their will, trusts, or other estate plans. Donor names will be continued in the Legacy Society permanently after the gifts are realized. Legacy Society members are recognized in the VSO Program Book and once a year in the Fanfare newsletter, and receive an invitation to a special annual gathering.
Below are some examples of planned gifts you might consider giving to the VSO:
A will provision allows you to make a substantial contribution without diminishing the assets available to you during your life. Since bequests are deductible from your taxable estate, significant estate tax savings are possible.
Charitable Gift Annuity
In exchange for a gift of money or securities, a charitable gift annuity will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and you also receive a charitable deduction for part of your gift as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the VSO.
Charitable Remainder Trust
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the VSO.
Charitable Lead Trust
You can support the VSO for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to the charities of your choice each year during the term of the trust. When the trust terminates, the assets in the trust revert to you or to individuals you wish to benefit.
Naming the VSO as a beneficiary of your retirement plan also avoids income tax when the VSO receives its distribution from the plan.
When you give a life insurance policy to the VSO, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, these premiums are also deductible.