Make a Gift in 3 Easy Steps
Beneficiary Designations Are Easy and Flexible
Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three, simple steps to make this type of gift. Here's how to name the Marine Corps Scholarship Foundation as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
An Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and the Scholarship Foundation over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left the Scholarship Foundation a $75,000 IRA to be transferred following their lifetime. Because the Scholarship Foundation is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes-leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24% marginal income tax bracket.
See How It Works
Make Sure You Have a Plan for All Your Assets
Download our FREE Personal Estate Planning Kit
Next Steps
- Contact our Planned Giving team at 703.549.0060 or plannedgiving@mcsf.org for additional information on beneficiary designations and how they can help support the Scholarship Foundation with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name the Scholarship Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Marine Corps Scholarship Foundation Inc.
Address: 909 N. Washington Street, Suite 400, Alexandria, VA 22314
Federal Tax ID Number: 22-1905062
Here to Help
703.549.0060
plannedgiving@mcsf.org
Ralph Glorisso
"My bequest is not a gift. It's payback. I joined the Corps as a young college student and the Marine Corps turned me into who I am today. Including the Scholarship Foundation in my estate plans seemed so appropriate."
Oskar Feichinger
"The Marine Corps Scholarship Foundation can honor my Dad's life by helping other kids of Marines as my Dad has helped me."
Sean Moore
"My commitment to my Marine brothers extends to their children; especially those children who have lost a dad or mom in the line of duty."
Eric Candelori
"For not a lot of money today, my life insurance gift will create a significant gift to the Scholarship Foundation in the future - perpetuating its mission and support of Marine families."
Randolph H. Smith
"My father taught me to always invest in your community and the people in your community. The Marine Corps invested in me and turned my life around. My bequest to The Scholarship Foundation is one of the best ways for me to give back."
Deb Carstens
"Helping children of Marines graduate from college debt-free motivates me to support the Scholarship Foundation year after year. Joining the Rockmore Society allows me to extend that support well beyond my life time."
Deb Cafferata-Refalo
"Someone that didn't know me, took a risk and invested in me. So now I get to take that same leap of faith. By including the Scholarship Foundation in my will, someone else is going to get a gift that keeps on giving."
Bernadette and John Heenan
"Our CGA does so much while also providing educational opportunities for the children of Marines; it’s an important component of our crash proof retirement plan and alleviates the day-to day concerns about the stock market. When we created our gift annuity we achieved current and future tax deductions and ensured a long term income stream for the rest of our lives."
Learn More
Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.
Beneficiary Designations: Easy Ways to Leave Your Legacy