Investing in the future through Planned Giving…
Leaving a gift to the Scholarship Fund of Alexandria in your will or by beneficiary designation is a great way to invest in the future of our children and our community. There are variety of ways to make a deferred gift to the Scholarship Fund of Alexandria including trusts, gift annuities, and life insurance donations. Two common examples are through bequests or retirement plans. Please contact your attorney to determine which of these options is best for you.
Bequests
A bequest is a gift made by naming The Scholarship Fund of Alexandria as a beneficiary in your will. For a forthright bequest, we suggest the following language:
“I give and bequeath the sum of $_______ to The Scholarship Fund of Alexandria, a non-profit located in Virginia, for its general purposes.”
Alternatively, you could bequeath a particular asset or percentage of your estate rather than a dollar amount. If your will is valid and up-to-date, your attorney can add The Scholarship Fund of Alexandria as a beneficiary through a simple amendment (codicil) to your will.
Retirement Plans
You may make a beneficiary designation in your IRA, 401(k), 403(b), or other retirement plan. Final distributions from these types of plans can incur significant taxation to your estate, thus a charitable distribution may offset this tax burden. Through your plan provider, you can name The Scholarship Fund of Alexandria as a primary or contingent beneficiary of your plan and designate a disbursement percentage or dollar amount.
Please contact Jasmine Milone at 703.824.6730 to discuss your options.
