planned giving


Gifts of Appreciated Property- One of the most efficient means of giving is that of utilizing appreciated property. The IRS allows a deduction for the full fair market value of assets such as stocks, bonds, and real estate transferred to the SMSA. Such gifts offer a substantial tax savings over gifts of cash based on your individual tax circumstances, are subject to Alternative Minimum Tax consequences, and therefore should not be made without professional tax advice. 

Life Insurance-A Life Insurance Policy provides a unique method of establishing your endowment. You may utilize policies you currently own or you may acquire a new policy specifically structured to fulfill your endowment objective. 

Gift of Undivided Interest- A Gift of Undivided Interest is a contribution of a complete interest in a portion of a property. This gift should be made prior to any firm contract for sale. 

Split Interest Gifts-Split Interest Gifts occur when a contribution is divided and shared by you and the SMSA. Generally, these parts consist of an "income" or "use" interest and a remainder interest. The government only allows a charitable deduction for these gifts when made under specific guidelines. Examples are:
 

  • Charitable Remainder Trusts -A CRT is beneficial if you desire continuing income from your gift, but have no need for the principal attached to the asset. You contribute the asset to a trust and receive an income tax savings. Income from the trust is paid to you or a designated beneficiary for a term of years or for life. At the end of the established income benefit, the principal is transferred to the SMSA.
  • Charitable Lead Trusts - A CLT is another beneficial tool if you have income that you temporarily do not need. This trust differs from the CRT in that the income is paid to the SMSA and the principal is returned to you or your beneficiary. The income that the SMSA receives will be used to fund an Endowed Scholarship.
  • Life Estate Agreement A Life Estate Agreement is similar to a Charitable Remainder Trust, only you retain "use for life" of the property, in this case your home, instead of an income interest. At your death, the home transfers to the SMSA.


Bequest -A provision in a Last Will and Testament is often used to fund an endowment with assets accumulated over a life time. Endowments created at the time of one's death are usually added to by friends and relatives wishing to make memorial contributions. 

A bequest may also be used to complete an endowed scholarship. See sample bequest language below. 

"I give and bequeath to the Seabee Memorial Scholarship Association, Inc., Silver Spring, Maryland, the sum of $100,000 for the purpose of establishing the BUILDER CHIEF ENDOWMENT..........."

To discuss these and other planned giving options, contact SMSA Chief Development Officer Dan Miller at 859-327-1830 or
danmiller@seabee.org.


Donation from a Donor Advised Fund- Make a donation from your donor advised fund. Contact us for the required information or use this simple tool if your donor advised fund is with Schwab or Fidelity. Simply choose either Schwab or Fidelity, tell us where you want the donation to go, ie. Scholarshp Endwoment, General Donation or Fallen Seabee Fund. Your donation will be directed to us automatically using this secure website. 



Planned giving

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Seabee Memorial ​Scholarship Association 

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