Planned Giving
Gifts from Retirement Plans at Death
Retirement-plan benefits often make an excellent choice for funding a testamentary charitable gift to Navy League. Not only will such a gift escape federal income tax, but it will also avoid any potential federal estate tax. This combination of income taxes and estate taxes could result in a tax hit of more than 62% of the retirement-plan benefits.
If, for example, you have designated your children to be the beneficiaries of $100,000 of your retirement-plan benefits, and your estate is subject to federal estate taxes, your children could lose $40,000 to federal estate taxes and as much as an additional $22,200 to federal income taxes for a total reduction in benefits of $62,200. If, however, you designate Navy League as the beneficiary of that $100,000, the full amount will pass to us with no reduction in benefits.
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Contact Us
finance@navyleague.org
703.312.1586
Navy League of the United States
2300 Wilson Boulevard, Suite 200
Arlington, VA 22201
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Disclaimer
Legal Disclaimer
The Navy League is an exempt organization, duly qualified under Section 501(c)(3) of the Internal Revenue Code, contributions to which are tax deductible in accordance with federal law.
If your donation is for a scholarship, the Navy League Foundation is a 501(c)(3) organization: Federal Tax ID 31-1677884.
Legislative Affairs
Navy League members are committed to supporting the Navy, Marine Corps, Coast Guard and U.S.-flag Merchant Marine. We volunteer our time and give money — with no special interests involved — to ensure our sea services have the resources they need to thrive.
Create a Facebook Donation Campaign
Peer-to-peer giving is one of the most effective ways to raise money and spread the word about causes you love. Create and share a Navy League Facebook donation campaign with your friends and help further our mission.
