Tailhook Educational Foundation Planned Giving Successes

Several of our members have notified us that they plan to donate to the Tailhook Educational Foundation through a planned gift from their estate. We wish to acknowledge and thank the following generous Tailhook Association members.

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Donor In The Spot Light

Bequest Alternatives:

Bequests by Will

One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements. In addition to supporting The Tailhook Educational Foundation, it serves as an example to your heirs of the values and ideals you hold dear. A bequest also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.

Charitable Remainder Trust

A charitable trust transfers ownership and management of cash and/or appreciated securities to The Tailhook Educational Foundation. The TEF manages the trust and pays income to you for the remainder of your life and/or the life of another beneficiary. An annuity trust provides a fixed annual income for those wanting consistent, predictable payments. A unitrust pays a variable return based on market changes, providing an effective hedge against inflation.

Pooled Income Fund

A pooled income fund is a trust designed to provide variable yet reliable income. Like a commercial mutual fund, it combines your gift with the contributions of other fund participants, wisely investing the sum for a balance of income and growth. Dividends are paid to the shareholders in proportion to each person's contribution. Your donation results in a tax deduction for the year your gift was made, elimination of capital gains tax if you invest appreciated securities, and reduction of estate taxes for your heirs.

Life Insurance

Contributions of life insurance can provide a substantial gift to The Tailhook Educational Foundation. The value of an ordinary policy at the time of the gift is tax deductible. If you continue paying the premiums, they also are deductible as charitable contributions. If a paid-up policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the charitable deduction.

Perpetual Scholarship Endowment

A perpetual endowment is a perpetual gift that can be designated for a specific Tailhook Educational Foundation program. The original gift remains intact, and the income is used toward the designated scholarship. An endowment can be established in memory of a loved one or a donation can be added to an existing fund that will contribute to your personal desires indefinitely.

Qualified Retirement Plans

Your Individual Retirement Account (IRA) or other retirement plans—401(k)s, profit-sharing and money purchase plans may qualify as planned gifts if you name TEF a beneficiary of assets after your lifetime.

Gift Annuity

A gift annuity is an agreement between you and The Tailhook Educational Foundation. In exchange for your irrevocable gift, The Tailhook Educational Foundation pays a fixed dollar amount during your life and/or the life of a designated loved one. The amount you receive is determined by the size of your gift, your age and the age of your beneficiary. Your income is guaranteed, regardless of market fluctuation. A major portion of your income is a tax-exempt return of principal and the income may be deferred until a later time as part of your retirement plan. Here is an example:

Charitable Gift Annuity Table

Gift Annuity rates are determined by the age of the person receiving the income payments. This chart illustrates a snap shot rate of return and the annual income based on a cash gift of $10,000.

* - The $10,000 figure is merely a convenient multiple. We will be happy to provide you with tax information for any size gift. (The minimum CGA gift is $5,000)

** - Deductions will vary according to current interest rates.

Begin Planning Now.

Tailhook Educational Foundation planned giving advisors are professionals with years of experience in estate and gift planning who care about your goals and plans. They will work with your attorney or accountant to explain the many gift opportunities available to you and the financial advantages of each. Contact the Foundation to learn how confidential, personal financial planning can help you achieve your goals while helping to sustain and grow our life-changing educational mission.

***To download and use a copy of the planned giving form: Click here***

The form may be used to include The Tailhook Educational Foundation in your estate plan.

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For More Information Contact:

Captain Marc “Tag” Ostertag, USN (Ret) (800) 322-4665

We are standing by to assist you through every step of the process.

This is not professional tax or legal advice. Donors must consult their tax and legal advisors regarding their specific situation.

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Perpetual Scholarship

To establish a perpetual scholarship at the current level of $40,000, a donation may be paid in a lump sum or ammortized over 2, 3, 4, or 5 years.Contact Marc Ostertag at (800) 269-8267, tag@tailhook.net

Looking Forward
As we look to the coming New Year, we see a bright future for the Tailhook Educational Foundation. We continue to grow, to support the "Hook to School Program," to expand our "Planned Giving Program," and to award more and larger scholarships. Your continued generosity convincingly demonstrates your firm support for the men and women now serving around the world. We sincerely hope for your continued support.