SHOW YOUR PATRIOTISM
If you are one of the more than 60
million Americans holding one or more
Series E or H savings bonds, then you know
their benefits. But did you know that they
have now become a liability? Not only have
your bonds stopped earning interest for you,
but your children and grandchildren will not
be able to inherit the full benefit of your
savings. Why?
Putting your savings bonds to
new use can help you provide for
future generations of veterans,
while saving you and your loved
ones income and estate taxes.
Your uncashed savings bonds are not taxed
in your lifetime — but your loved ones will
discover that some surprising taxes may apply
when they inherit them. Not only will they
owe income taxes when they cash the bonds,
but estate taxes may also be owed. In the end,
your heirs will receive only a fraction of the
value of the bonds you so carefully invested.
Wouldn’t it be wonderful if you could
make your savings bonds work for you again?
There are two ways you can turn your savings
bonds into a win-win arrangement for you
and for the veterans you hold dear: 1) create
a charitable gift annuity with your savings
bond proceeds; or 2) bequeath your bonds to
the VFW in your will or living trust. See
inside to learn more!
At present, the VFW does not issue gift annuities in all
states. Please contact our office for more details. The
information contained in this leaflet is not
intended as specific legal advice. Please consult your
attorney when considering any legal matter. State
laws, which govern wills and contracts, vary and are
subject to change.
39931BR
Bestow Your Bonds
A great option for re-purposing your
bonds is to bequeath them to the VFW in
your will or living trust. If you bequeath
your bonds to loved ones, they will owe
income tax and perhaps estate tax.
If you bequeath your bonds to us, because
the VFW is tax-exempt, we will receive the
full value of your savings. Plus, you’ll be
ensuring that the VFW can continue its
work on behalf of future generations of
veterans. A few sentences in your will or
living trust complete your gift. It’s that easy.
Using the Right Words
“I bequeath the following savings bonds to
the Veterans of Foreign Wars of the United
States (Tax ID 44-0474290), a nonprofit
corporation with its principal office at 406
West 34th Street, Kansas City, MO 64111.”
(Add a description of your bonds including
the denominations and serial numbers.)
q I have bequeathed a savings bond to the VFW.
q I have included the VFW in my estate plan.
q Please send me a free, no obligation example of my tax savings and payments for a charitable gift annuity (the minimum contribution
required is $10,000) in the amount of:
$
My birthdate is
q Please contact me about converting my Your thoughtful gift will help you meet
your goals of providing for future generations of
veterans while avoiding income and estate
taxes for you and your heirs.
savings bonds to a Charitable Gift Annuity.
By phone: (
)
Area code
By e-mail:
Phone number
Best time to call
E-mail address
Name:
COMPARE THE BENEFITS
Bequeathed to Heirs
Bequeathed to the VFW
Value of Your Bonds with Application
$40,000
$40,000
Estimated Taxable Interest
$20,000
$0
Estimated Income Tax Cost/Decline in the Value
of Your Savings*
$7,000
$0
Final Value of the Bequest
$33,000
$40,000
* Based on an estimated tax rate of 35%
Your situation may vary. Contact us to discuss whether a bequest of a savings bond to the VFW might make
sense for you.
Address:
City:
State:Zip:
Please return this form to:
VFW Planned Giving
VFW National Headquarters
406 West 34th Street, Suite 718
Kansas City, MO 64111
(816) 968-1119
[email protected]
www.vfw.org/plannedgiving