DAV Gift Planning News and Tips
& New Guardian Society Member Appreciation
May 2013
Vol. 16, No. 1
Veteran Gives Back by
Simply Changing Beneficiary
“In my eyes DAV has always
been there, that one ray of
hope or shining light that
you see off in the distance and
run to embrace.”
James Henry, Wisconsin
Guardian Society member
James Henry found a valuable way to
thank the organization that gave him
so much support when his military
service ended and health problems
ensued.
When he no longer needed an Individual
Retirement Account (IRA), he made
DAV the future beneficiary. All it took
was a simple change of beneficiary
form he filed with his fiduciary.
“I’m proud of this simple estate gift to
DAV, in thanks for all of the help they
have given me throughout the years in
making sure that my disability claims
were properly addressed by the VA,”
Mr. Henry said.
Mr. Henry was physically injured during
his military service but his problems
didn’t end there. Like many of his fellow
Vietnam veterans, he suffers health
issues caused by exposure to the toxic
defoliant, Agent Orange.
“Many of us veterans who were drafted
to serve our country years ago had no
thought as to the consequences of that
service,” says Mr. Henry. “We proceeded
out of love for our country. When the
consequences started to emerge, we
were stunned, confused, and in shock
because no one told us about the
downhill spiral that our medical health
would be taking.
“In my eyes DAV has always been there,
that one ray of hope or shining light
that you see off in the distance and run
to embrace because it will help you
immensely in getting your health, life
and family back on track. Of all the
veteran service organizations out there,
DAV is by far the best and most sincere
organization in regards to the veteran.
I’m proud to be a new Guardian Society
member, too.”
Beneficiary Designations
The 15 Minute Estate Gift
Charitable Gift Annuity Rate Update
In Giving, You Receive
Lots of people never think of retirement assets, or life insurance policies, as property
that they own — or as assets they can use — to make gifts to charities, sometimes
with tax advantages.
Charitable gift annuities provide a wonderful way to give to DAV and retain a
generous, fixed income for life — largely tax-free for a number of years — depending
on one’s age. Donors can also claim a one-time charitable deduction.
A DAV member or friend can do what Mr. Henry did, making DAV the sole or
partial beneficiary of a retirement fund or insurance policy that is no longer
needed for its original purpose.
The American Council on Gift Annuities recently announced that current annuity
rates will remain the same for another year. Single life rates range from 4.4% for a
60-year-old to 9.0% for a 90-year-old. Two-life rates are slightly lower.
These future gifts will someday bring hope to some very deserving injured heroes
who will need DAV for years and generations to come.
If you have considered a charitable gift annuity (min. gift: $10,000; min. age: 60)
in the past, or would like to learn more, please call us at 1-800-216-9802. We will
be glad to explain the program to you and send details of the income and tax
benefits you would receive,
based on your age.
To create one of these easy estate gifts, simply request a change-of-beneficiary
form from your financial company or insurance representative. (If you are internet
savvy, beneficiary changes can also be made on-line.) Then use our legal name
and address: Disabled American Veterans, P.O. Box 14301, Cincinnati, OH 45250.
Please include our tax identification number (EIN), 31-0263158, on the tax
identification line, or absent that, the social security number line.
Nothing could be easier, and you can revise your plans at any time.
Previous gift annuity donors:
additional gift annuities can be
funded at any time; just call to
learn the current rate for your age.
Note: The chart at right shows
just a few sample ages and age
combinations.)
Let Us Thank You for Your Kindness!
Your Invitation to the DAV Guardian Society
At DAV we cherish the story of every individual who has remembered disabled veterans in
their estate plans. If you have created a future gift for us — by way of your will, trust, life
insurance policy, or retirement plan — please allow us to thank you through the DAV Guardian Society. Members receive an engraved certificate of appreciation, a lapel pin, and a name
listing in this newsletter unless anonymity is preferred. Charitable gift annuity donors are
honored through the society, too.
Help us change the lives of our injured heroes and their family members who will need DAV
for years and generations to come!
“Our gift annuity enables us to provide a monthly income for our
retirement, and more importantly, to leave a gift, with our thanks,
to other disabled veterans.”
Ron (US Army and Reserves) and Lynn Brown, Texas
The DAV first helped Ron’s dad, a World War II vet, receive
his disability rating; then helped Ron receive disability
benefits for a debilitating illness caused by Agent Orange
Legal address for wills, beneficiary designations, and other estate gifts:
Disabled American Veterans
P.O. Box 14301, Cincinnati, Ohio 45250
Tax identification number: 31-0263158
“We like to share the veteran benefits we have received and help
other veterans who are in need.”
Hap (US Navy) and Jackie Johnson, Kentucky
For more information, please call 1-800-216-9802,
e-mail [email protected],
or return the attached postcard.
When Hap’s boat, the USS England, was hit by a kamikaze
during World War II, 37 of his crewmates were killed. Hap
suffered numerous injuries including a crushed hip. Thanks
to the GI Bill, he enjoyed a long career as an educator and
principal. Jackie, too, is a retired school teacher.
www.dav.org/giftplanning
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IRA Charitable Rollover Update
New DAV Guardian Society Members
Once again this year — through December 31, 2013 — individuals age
70½ and older can make a current, outright gift of up to $100,000,
directly from an IRA to a qualified charity, without paying tax on the
income distribution.
This recently renewed IRA rollover provision allows otherwise taxable
distributions of up to $100,000 from a traditional individual retirement
account (IRA) or a Roth IRA to be excluded from gross income. In
addition, the amount rolled over will count against a donor’s minimum
distribution requirement. Please note that a federal income tax
deduction cannot be claimed in addition to the exclusion from
income.
In the not-so-distant past, individuals wishing to tap their IRAs for
charitable giving had to first withdraw funds, claim the withdrawal as
income, then claim an income tax deduction. Due to a variety of tax
rules — including deduction limits and phase-outs — the net effect
of increased income, and declaring a deduction, was an increase in
taxes for many individuals.
To qualify for IRA rollover treatment, the donor must direct the IRA
manager to transfer funds directly to charity. (A withdrawal, followed
by a contribution to a charity, would have to be reported as income.)
The gift must be outright: rollovers to planned gifts such as gift annuities
do not qualify. Outright distributions to charity from employer-sponsored retirement plans, e.g., 401(k)s, and 403(b)s, do not qualify. Also
note that IRA rollovers may be includable in a donor’s income for
state and local tax purposes and may not earn an offsetting charitable
deduction, depending on state and local law.
For more information and additional instructions, please call us.
Once again, this provision is effective through December 31, 2013.
Welcome to Tim Stonecash
DAV proudly welcomes Tim Stonecash to our Gift Planning team.
Tim, an Army veteran, comes to us after a 25-year career with the
University of Dayton Law School where he worked with alumni and
major supporters. He will be creating a structure for expanding
DAV’s major supporter program through additional gift opportunities,
greater donor involvement, recognition, and ongoing stewardship.
Stay tuned for more news!
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November 15, 2012 to April 30, 2013
Many thanks to these individuals for naming the DAV
in their estate plans, or for creating a gift annuity with us.
Members receive a lapel pin, an engraved certificate, and a
name listing in the society’s newsletter, unless anonymity is preferred.
David Keith
Anonymous
In Honor of DAV FL Chapter #150
Barbara Kirsh
Simone Bassous
Nancy Kitts
In memory of David Kitts
Jerry J. Beltieri
William A. Kort
Cathrine Yamamoto Benavidez
In memory of Emilio M. Benavidez
David Neely
Billy W. and Kiawana Bozarth
Anthony O’Daniel
Stephen Bradshaw
Betty Olszak
Adrienne Butterfield
Debora R. O’Quinn, MSgt, USAF Ret.
Edwin and Vera Catalano
Susannah Prescott
Maryanne Chattin
Phyllis Combs
Jill Robertson
In memory of Thomas N. Robertson
Vicki Curtis
Verenicia Robinson
Jaqueline Deam
In memory of Dale A. Deam
Augusta A. Rosasco
In memory of August Rosasco, Jr.
Scott and Alana DeGarmo
Frank and Carol Shortridge
Stephen and Evelyn Donnell
Mary E. Snider
Estelle Eisenberg
William M. Enterkin
Mary Soldi
In memory of James T. Soldi
Rich Fu
Bill Stoltz
Glenn E. and Marilyn B. Gilbert
Vincent A. Tobinus
Martin Gottstine
Salvatore Turano
Diane Harrison
Yolanda J. Weeks
Dean Haug
Jeff Weeks
James B. Henry
Raymond S. Williams
Bruce and Lynn Henry
Donald K. Young
Kimberly Ann Holmes
Edward S. Zargar
Edward Kaste
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DAV Gift Planning News and Tips
New Guardian Society Member Appreciation
For More Information
We look forward to talking to you about special gift opportunities that
can leave a lasting legacy of your compassion for disabled veterans.
Please call, write, or return the attached postcard to learn more.
1-800-216-9802
E-mail: [email protected]
Web site: www.dav.org/giftplanning
409746
Visit our web site:
www.dav.org/giftplanning
to find many more estate
planning articles, and to
calculate the benefits you would
receive from a gift annuity.