Bequests and Legacy Circle
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 Scholarship Fund.
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 Scholarship Fund, your attorney may find the following wording useful:
"I give and bequeath__________________(description of property) and/or the sum of $_________ to Military Officers Association of America (MOAA) Scholarship Fund, a Virginia non-profit, charitable organization (EIN: 54-1659039) 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 for the college education of dependent children of MOAA members and dependent children of Active, Reserve, Guard, or retired enlisted uniformed-services personnel."
Donors who provide for the MOAA Scholarship Fund either by means of a bequest or a planned gift are eligible for membership in the Legacy Circle. For more information, please call our Development office at 1-800-234-6622, ext. #169 or email firstname.lastname@example.org.