A bequest - a gift made through your will - allows you to retain control of your assets during your lifetime and distribute them as you wish upon your death. After providing for loved ones, many people choose to include a gift to the MOAA Foundation.
Some of the most common types of bequests include a fixed dollar amount, a specific property, a percentage of the estate, or the residual portion of the estate. A charitable bequest may reduce the estate tax. Consult an attorney when making or revising a will to ensure compliance with state law and to minimize any applicable taxes.
For bequests to the MOAA Foundation, your attorney may find the following wording useful:
"I give and bequeath__________________(description of property) and/or the sum of $_________ to the Military Officers Association of America (MOAA) Foundation, a Virginia non-profit, charitable organization (EIN: 46-4219250) that is tax-exempt under section §501(c)3 of the Internal Revenue Code doing business at 201 North Washington Street, Alexandria, Virginia 22314-2539. These funds are to be used in support of all MOAA Military Family Initiative charitable programs offered by MOAA, its subsidiaries, its councils or its chapters to currently serving uniformed service members and veterans of all ranks, their families and their survivors."
Donors who provide for the MOAA Foundation either by means of a bequest or a planned gift of $25,000 or more are eligible for membership in the MOAA Heritage Society®. For more information, please call MOAA at 1-800-234-6622.