Gifts of appreciated assets are among the simplest and best ways to make good use of those assets without incurring a tax liability. Stock held for many years often grows so valuable that the tax liability of large capital gains limits the owner’s collection of the proceeds. Transferring such stock to the D-Day Memorial, donors can receive an income tax deduction for giving the full value of the stock the day it was sold without incurring the tax liability of the capital gain. The Memorial receives the full value of the donated stock but has no tax liability. That is the case no matter how much a particular stock has grown since its purchase.
Many corporations offer to match gifts made to charitable entities by either current or retired employees. General Electric, Norfolk Southern, Freddie Mac, for instance, all match their employees charitable gifts. In most cases, corporate matches will at least double the impact of the donors original gift. Donors are encouraged to consult their employers to determine whether their gifts to support the Memorial are eligible to be matched.
Charitable Remainder Gifts
For donors with appreciated assets, or unusual assets such as real property, that are not producing a desired level of income, a remainder trust can be an excellent solution. As asset can be transferred to the charitable remainder trust and sold by the trust possibly producing tax benefits for the donor. The donor creates this trust with his or her attorney and has great flexibility in structuring the payments, income, and handling of the trust. The most common feature of a trust of this sort is that it pays income to the donor’s family for life, or set period. Any remaining assets are distributed to the D-Day Memorial. Please ask your attorney or the Foundation’s Development Office for more information about charitable trusts. 800-351-DDAY
One of the most meaningful ways of giving is by including a gift to the Memorial in your will or estate plan. A bequest can provide estate tax benefits and is also a way of giving that will never interfere with your current planning or income needs. Even a small bequest can have large results. Perhaps in honor of those who landed on the beaches on 6 June 1944, a donor might consider a gift of 6% (or more) of his or her estate. Six percent will make a significant difference, and other beneficiaries of your estate will know this portion of it is going to create an enduring legacy. Please talk with the Foundation’s Development Office or your attorney for more information. A typical bequest in a will might read as follows:
I give, devise, and bequeath to the National D-Day Memorial Foundation, Tax ID# 54-1504679, the sum of $_________ to be used for its general purposes. The National D-Day Memorial Foundation may be contacted in care of April Cheek-Messier, President, 133 West Main Street, Bedford, Virginia, 24523 (540-586-3329). To the extent possible, gifts to charitable organizations shall be paid from income in respect of the decedent.
If you find the National D-Day Memorial meaningful and the story it tells important, please consider us in your estate planning. Sustained support of the Foundation guarantees the continued growth and development of future educational programs that emphasize the lessons and legacy of D-Day and World War II. Your support ensures the contributions and sacrifices of the Allied Forces on 6 June 1944 are not forgotten.
For information on how you can include the National D-Day Memorial in your estate planning or on other deferred giving opportunities, please contact the Foundation office by calling 800-351-3329 or 540-586-3329.