HOW TO MAKE A PLANNED GIFT TO TCC

Using your retirement plan as a planned gift vehicle can be a tax-efficient way to fund part or all of your bequest to The Conservative Caucus (TCC), because retirement plans that remain in your estate are often subject to both estate and income taxes when received by your heirs. In a large estate, the effective combined tax rate on a retirement plan may exceed 70%.

You can name TCC as the beneficiary of your IRA, Keogh, Tax- Deferred Annuity, or qualified pension or profit-sharing plan.

To include TCC as a beneficiary of your retirement plan, simply notify the institution which administers your account of your desire to name TCC as a beneficiary.

A "change of beneficiary" form will be required if the account has already been established, and, except in the case of an IRA, a waiver of Federal spousal rights will have to be signed by your spouse.

Any beneficiary designation for a retirement plan is, of course, subject to the terms of the particular plan. Therefore, if you are considering naming TCC as a beneficiary of your plan, you should first determine whether the benefits under the plan may be paid to a 501(c)4 beneficiary.

You should also consult with your tax adviser as to the effect of naming TCC as a beneficiary of your retirement plan or IRA on distributions to you or to any other beneficiaries.

Alternatively, you may designate TCC as a contingent or secondary beneficiary of your IRA or qualified retirement plan, to take what remains in the IRA or plan after the death of your spouse or other primary beneficiary, or after your death if the named primary beneficiary does not survive you.

Sample language for such a designation where the spouse is the primary beneficiary is as follows:

"The beneficiary is my spouse as long as he/she survives me. The beneficiary of any amounts remaining in the plan after the death of my spouse, or of the entire amount in the plan upon my death if my spouse does not survive me, or any portion thereof which my spouse may disclaim is The Conservative Caucus, Inc., a grassroots public policy impact organization."

With this designation, your spouse is still able to withdraw the entire amount from your plan or roll over the assets into his/her own IRA if needed.

Under such a circumstance, your spouse will need to name TCC as a beneficiary of his/her own IRA as well to ensure that your gift plan is carried out.

HOW TO MAKE A BEQUEST TO TCC

For many donors, a bequest (leaving money in your will) is the most realistic way of making a significant gift to The Conservative Caucus (TCC). The bequest may be in the form of cash, securities, real estate, tangible personal property, or other assets.

You may provide for TCC by creating a new will, adding a codicil to your present will, including TCC in your revocable trust, or designating TCC as a beneficiary of your retirement plan.

To ensure that your exact intentions are carried out, wills, codicils, and trusts should be prepared by or with the advice of your attorney.

Sample language for your will: I give, devise, and bequeath to The Conservative Caucus, 450 Maple Avenue, East, Vienna, VA 22180 (insert amount, percentage, nature of gift, or remainder of estate) to be used for general operations (or your designated purpose).

TYPES OF BEQUESTS

Specific Bequests:  TCC receives a specific dollar amount, or specific assets, such as securities, real estate, or tangible personal property (e.g., works of art, antiques, etc.).

Residuary Bequests:  TCC receives all or a percentage of the remainder of your estate after the payment of any specific bequests and all estate related expenses.

Testamentary Trust:  The trust provides one or more heirs with income for life, after which the assets pass to TCC.

Retirement Plan:  TCC is designated as a beneficiary of the remainder of your IRA, Keogh, tax-deferred annuity, or qualified pension, or profit-sharing plan.

Testamentary QTIP Trust: The trust provides income, and principal if needed, to your spouse for life, after which a portion or all of the assets pass to TCC.

Contingent Bequest:  TCC receives the bequest only in the event of the death of other beneficiaries.

HOW TO USE LIFE INSURANCE TO BENEFIT TCC

One simple way to provide lasting support to TCC is to take out a life insurance policy, naming The Conservative Caucus as a beneficiary, or to add TCC as a beneficiary to an existing policy.  Please let us know if we may assist you with this or any other method of providing for the important work of The Conservative Caucus.  Information

NAMING OPPORTUNITIES

We will be happy to discuss the various naming opportunities available to major donors to The Conservative Caucus.  From the national headquarters office to legislative programs, individual departments, equipment and offices, we can provide a lasting memory and recognition for you or your loved ones as we continue our vital work to restore our beloved country.

MAJOR DONATIONS

We appreciate your profound concern for restoring our beloved nation to it's Constitutionally limited government and to restore the American Dream not just for our generation, but for all the future generations of Americans. Throughout our history, it has been individual men and women who have changed the course of our nation through their direct action or by endowing others to take action. We are available to discuss your interest in making a positive impact on our nation.

BUILDING FUND

Purchasing a headquarters building to be forever free of paying rent is a major priority of The Conservative Caucus, and your generous donations or investments can make a great difference in advancing our capabilities for lobbying on the issues you most support. Please contact us to discuss how you could invest in our future through a building.

GRANTS AND CORPORATE DONATIONS

Corporate donations in any amount are permitted as well as many charitable grants.  Let us know if you have funds to award for important civic programs such as our Constitutional Education Program.

Please contact Charles Orndorff to learn more about making a gift, bequest or a major donation/grant.
703-938-9626 * E-Mail * 450 Maple Avenue, East, Vienna, VA 22180