| Individual Memorial Scholarship Endowment
Funds
The US Submarine Veterans' Charitable
Foundation set up this fund to facilitate Scholarship Endowment donations
in the memory of deceased Submarine veterans by family members, base acquaintances
and others that wish to establish a permanent memorial to a specific individual.
This program will also establish a permanent
endowment fund to memorialize those individuals that bequeath funds in
the their name to the Scholarhip Endowment Fund. Individuals that might
be interested in this program should contact their attorney or investment
counselor to investigate this possibility.
As with most Endowment Funds only the
interest generated by these accounts may be distributed to the Current
Year Distribution Fund for actual scholarships, with the principal remaining
in the trust for future investment.
There is another way that this can be
done while you are still alive through the Charitable Remainder Trust (CRT)
program.
For a general overview of the CRT program
access:
http://www.savewealth.com/planning/estate/charitabletrusts/
Also consult your tax professional to
see if this program is beneficial to you and your estate planning model.
Thank you for your interest in the Scholarship
Endowment Fund
|
