Charitable Gift Annuities
Provide security for the future, for you and children of Marines
A charitable gift annuity is a contract between you and the Scholarship Foundation. The Foundation promises to make lifetime annuity payments to you, or another beneficiary of your choosing, in return for your gift today. The rate you receive is determined by the rates in effect at the time of the contract, your age (and the age of any co-annuitants) and whether you want your payments to begin now or in the future. Assets that remain at the end of the contract term will be used by the Scholarship Foundation to Honor Marines by Educating Their Children.
Gift annuities are the most popular life income gift because they are easy to establish and can often increase the income received from the asset used to fund the annuity.
Fund Your Donation With:
For Example
After serving in the Marine Corps for more than 30 years and putting two children through college, Dennis, 66, felt it was his duty to make a contribution to the Marine Corps Scholarship Foundation. Despite his best intentions, he and his wife Mary, 65, were still concerned about having enough dependable income during their retirement years. The solution? A $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,020 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,402* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to help military children get an education for years to come.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How It Works
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
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Next Steps
- Contact our Planned Giving team at 703.549.0060 or plannedgiving@mcsf.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Scholarship Foundation.
- Seek the advice of your financial or legal advisor.
- If you include 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."
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.
Charitable Gift Annuities: Gifts That Give Back