ALL LANGUAGE AND GENERAL FORMAT PAST THIS POINT WAS ADDED AS A SUGGESTION AND TAKEN ALMOST VERBATIM FROM HARVARD UNIVERSITY’S WEBSITE (owner of one of the largest endowment funds)…
Estate plans should be prepared by and with the advice of an attorney to ensure that your intentions are carried out. Special Operations staff is available for additional information on the various methods of designating a bequest to Special Operations.
Sample Bequest Language
A general bequest, unrestricted as to purpose:
“I give (____ dollars) or (____ percent of my estate) to Special Ops Sv Inc. “Special Operations”, a California charitable corporation, for the benefit of Special Operations for its general purposes.”
A bequest for a specific purpose:
“I give (____ dollars) or (____ percent of my estate) to Special Ops Sv Inc. “Special Operations,” a California charitable corporation, for the benefit of Special Operations, the income to be used for (state the purpose). If, in the future, in the opinion of Special Ops Sv Inc., all or part of the income of this fund cannot be usefully applied to the above purpose (or in the above manner), it may be used for any purpose within the corporate powers of the organization that will most nearly accomplish my wishes and purposes.”
Giving Through Retirement Plans
Designating Special Operations as a beneficiary of your retirement plan is an especially tax-wise way to support our program. Special Operations receives all or a part of the plan assets in full, undiminished by estate and gift taxes.
Retirement accounts can be the most highly taxed assets many people hold, as they may be subject to both income tax when distributed as well as estate taxes. In a large estate, these taxes can leave less than 30 cents on the dollar of these plans for your children or other heirs.
By naming Special Operations as the beneficiary of your retirement plan, the full amount of your legacy gift is available for a designation that you specify such as housing, investigation, or unrestricted funds that provide flexible support.
You can designate Special Operations as a beneficiary of part or all the remainder of your IRA or retirement plan.
How it Works
Request a beneficiary designation form from your plan’s administrator. Many plans permit you to make the change directly online.
Complete the (printed or online) form using any of the following suggested language: Special Ops Sv Inc., for the benefit of Special Ops Sv Inc. * FBO Special Ops Sv Inc. *
Any individual who is 70½ or older can transfer tax-free gifts (maximum $100,000 each year) directly from their IRA to Special Operations using the Qualified Charitable Distribution.
For Estate Managers and Financial Advisors
Special Operations welcomes the opportunity to work with you and your clients on tax-efficient ways to support Special Operations Please contact us directly for information or confidential assistance.
All charitable gifts should be directed to “Special Ops Sv Inc.”
Taxpayer Identiﬁcation Number (TIN)
Special Operations’ federal taxpayer identification number is 81-2874951.
For a copy the Special Ops Sv Inc 501(c)(3) IRS determination letter, please contact:
PO Box 1395 Los Altos,
CA 94023 415-991-0832