Planned Giving

Question 1

Who is Robert Means Thompson?

Answer 1

Robert Means Thompson class of 1868 is considered by many to be one of the Academy’s greatest philanthropist

Question 2

Where can I find the most up to date RMTS form?

Answer 2

On the USNA AAF website

<Support>
<Ways>
<Planned>
<More>
ESTATE commitment form
</More></Planned></Ways></Support>

Question 3

Where can I find suggested Bequest language?

Answer 3

On the USNA AAF website

<Support>
<Ways>
<Planned>
<More>
<For> or <Popular> wills & living trusts
</Popular></For></More></Planned></Ways></Support>

Question 4

Is there a minimum to be in the Robert Means Thompson Legacy Society?

Answer 4

No. While there are minimums to establish a Charitable Gift Annuity or Charitable Remainder Trust, there is no minimum amount one can leave USNAF in their will or other retirement assets

Question 5

What is the minimum age an estate or planned gift can count at 100% in the current campaign?

Answer 5

65 years old as of Nov 1st, 2023

Question 6

What % of the last campaign was planned giving?

Answer 6

25%

Question 7

What is an IRA Beneficiary Designation?

Answer 7

Identifying the person or entity to which an IRA will pass to upon owner’s death

Question 8

What is a QCD?

Answer 8

Qualified Charitable Distribution
-Distribution from your IRA to a Qualified Charity
-must be 70 1/2
-not taxed, nor is it included in taxable income

Question 9

What is a Donor Advised Fund? (DAF)

Answer 9

Charitable investment account for the sole purpose of supporting charitable organizations

Question 10

What is the max annual contribution allowed from a 529 plan?

Answer 10

Qualified cost of attendance ~$96k/yr @ USNA

Question 11

Minimum giving from a Family Fund

Answer 11

5%

Question 12

Minimum giving from DAF

Answer 12

0%

Question 13

What is a split interest gift?

Answer 13

Gift with benefits for both charity and donor ex. CGA