Support
DONATE NOW TO THE VAW VRC VUQ FOUNDATION
The VAW/VRC Foundation is able to fulfill its mission, including maintaining Ready-4 onboard the USS Midway, only through donations from generous people like yourself. Your donation to The Foundation is greatly appreciated.
Your donation to the VAW/VRC Foundation is tax deductible. SEE BELOW FOR ONE TIME OR PERIODIC DONATIONS
The VAW/VRC Foundation is able to fulfill its mission, including maintaining Ready-4 onboard the USS Midway, only through donations from generous people like yourself. Your donation to The Foundation is greatly appreciated.
Your donation to the VAW/VRC Foundation is tax deductible. SEE BELOW FOR ONE TIME OR PERIODIC DONATIONS
DONATE TO VAW VRC VUQ FOUNDATION THROUGH TAX PLANNING
Discuss with your tax preparer before making any arrangements so as not to jeopardize receiving the intended tax benefit. Go to IRS.gov for more information.
Qualified Charitable Distributions
https://www.irs.gov/newsroom/qualified-charitable-distributions-allow-eligible-ira-owners-up-to-100000-in-tax-free-gifts-to-charity
The Internal Revenue Service regulations allow for Individual retirement account (IRA) owners age 70½ or over can transfer up to $100,000 to charity tax-free each year. IRA (not Roth IRA) distributions are taxable income.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. And, for those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.
Guidelines:
QCDs must be made directly by the trustee of the IRA to the charity. An IRA distribution, such as an electronic payment made directly to the IRA owner, does not count as a QCD. Likewise, a check made payable to the IRA owner is not a QCD.
Each year, an IRA owner age 70½ or over when the distribution is made can exclude from gross income up to $100,000 of these QCDs. For a married couple, if both spouses are age 70½ or over when the distributions are made and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year.
The donor must get a written acknowledgement of their contribution from the charitable organization before filing their return. In general, the acknowledgement must state the date and amount of the contribution and indicate whether the donor received anything of value in return.
Charitable Remainder Trust
https://www.irs.gov/charities-non-profits/charitable-remainder-trusts
This is a more complicated instrument and requires establishing an irrevocable trust.
Charitable remainder trusts receive a donation of assets creating an income that will provide the donor or another beneficiary to draw annual income for life or for a specific time period. Upon the death of the donor or other beneficiary, the balance remaining in the trust then becomes the asset of the charity. Professional services (tax and legal) will be needed to create a charitable remainder trust.
Discuss with your tax preparer before making any arrangements so as not to jeopardize receiving the intended tax benefit. Go to IRS.gov for more information.
Qualified Charitable Distributions
https://www.irs.gov/newsroom/qualified-charitable-distributions-allow-eligible-ira-owners-up-to-100000-in-tax-free-gifts-to-charity
The Internal Revenue Service regulations allow for Individual retirement account (IRA) owners age 70½ or over can transfer up to $100,000 to charity tax-free each year. IRA (not Roth IRA) distributions are taxable income.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. And, for those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.
Guidelines:
- Age criteria
- Dollar limit
- Distribution must go directly to the charity from your IRA agent.
QCDs must be made directly by the trustee of the IRA to the charity. An IRA distribution, such as an electronic payment made directly to the IRA owner, does not count as a QCD. Likewise, a check made payable to the IRA owner is not a QCD.
Each year, an IRA owner age 70½ or over when the distribution is made can exclude from gross income up to $100,000 of these QCDs. For a married couple, if both spouses are age 70½ or over when the distributions are made and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year.
The donor must get a written acknowledgement of their contribution from the charitable organization before filing their return. In general, the acknowledgement must state the date and amount of the contribution and indicate whether the donor received anything of value in return.
Charitable Remainder Trust
https://www.irs.gov/charities-non-profits/charitable-remainder-trusts
This is a more complicated instrument and requires establishing an irrevocable trust.
Charitable remainder trusts receive a donation of assets creating an income that will provide the donor or another beneficiary to draw annual income for life or for a specific time period. Upon the death of the donor or other beneficiary, the balance remaining in the trust then becomes the asset of the charity. Professional services (tax and legal) will be needed to create a charitable remainder trust.
If you choose to send your contribution through the mail, please send it to:
VAW/VRC Foundation
9696 Businesspark Ave
San Diego, CA 92131
The check can be made out to “VAW/VRC Foundation”.
Corporate sponsorship and donations are also accepted by the VAW/VRC Foundation. If your company is interested in supporting to one of the many opportunities available, please contact Lee Lilly, sponsorship coordinator, for details at the above physical address or submit the form below.
VAW/VRC Foundation
9696 Businesspark Ave
San Diego, CA 92131
The check can be made out to “VAW/VRC Foundation”.
Corporate sponsorship and donations are also accepted by the VAW/VRC Foundation. If your company is interested in supporting to one of the many opportunities available, please contact Lee Lilly, sponsorship coordinator, for details at the above physical address or submit the form below.
Thank your for your contribution to The Foundation.