The Rockmore Society
Your Legacy. Their Future.
In 1962, Brigadier General Martin F. Rockmore USMC (Ret.) read a newspaper article about a Marine who had been awarded the Medal of Honor but could not afford to send his son to college. He took action, rounding up a group of fellow Marines and organizing a dance to raise scholarship funds for the student. Thus, the New York Leatherneck Ball was born and, from that, the Marine Corps Scholarship Foundation, which has since awarded more than $90,000,000 in scholarship support to the children of Marines.
General Rockmore knew the importance of legacy. But he also knew that real legacies are made through impact. As the namesake for our most committed level of investors, the Rockmore Society is reserved to patriots with a vision for both. Members of the Rockmore Society are solidifying legacies of their own through planned estate gifts that will impact the lives of countless Marine families for years to come.
Planned Giving Options Through the Rockmore Society
You can create your own legacy with a planned gift to Marine Corps Scholarship Foundation. Planned giving through the Rockmore Society offers a range of options designed to meet your personal financial goals today while investing in Marine families tomorrow.
Charitable Gift Annuity
Make a gift and receive guaranteed payments for life.
A Charitable Gift Annuity (CGA), is a contract between you and the Scholarship Foundation. The Foundation promises to make lifetime annuity payments to the you or another beneficiary of your choosing, in return for your contribution today
Why Charitable Gift Annuities?
- It’s very easy to set up. An attorney is not required.
- You receive an immediate charitable income tax deduction and a portion of your payments are tax-free income.
- In some case, you may also save on capital gains tax.
- You can provide for a spouse or loved one and assure them of payments for life.
- Payments to you may be higher than your return on low-earning securities or CDs.
Gifts of Stock or Appreciated Assets
Giving stock can be more beneficial than giving cash.
If you contribute to The Marine Corps Scholarship Foundation or have considered the gift of giving, then consider making a gift of appreciated stock.
Why Gifts of Stock
- Eliminate Capital Gains Tax
- Enjoy a Last Minute Tax Break
- Claim the Market Value
- Won’t affect your cash-flow
Making a Gift through your Will or Trust
Make a gift that costs you nothing during your lifetime.
A gift through your will or trust is one of the simplest ways to make an estate gift. Just include a sentence in your will or trust that leaves assets to the Marine Corps Scholarship Foundation.
Why Estate Gifts?
Easy to set up
Fully revocable. If circumstances in life change, you can change your mind at any time
You maintain control over how your gift is used
Creates your personal legacy and inspires future generations to carry on your commitment to Honor Marines by Educating Their Children
Giving through Life Insurance
Donate a policy, take a deduction and make an extraordinary gift.
Designate Marine Corps Scholarship Foundation as a beneficiary of your current or a new life insurance policy. You will continue to own and can make use of the policy during your lifetime.
Why Gifts Through Life Insurance?
- You can give without touching any retirement funds.
- Giving is as easy as naming Marine Corps Scholarship Foundation as a beneficiary of an insurance policy.
- Because life insurance costs “pennies per dollar” of coverage, you can make a sizable gift with a modest investment.
- Your gift will be made to the Foundation immediately on your death. No waiting for probate.
Giving from a Retirement Account
Retirement funds paid to your heirs are subject to income and estate tax,but are tax-free to the Scholarship Foundation.
Giving from your retirement account can be done in two ways. During your lifetime, you may make contributions to the Scholarship Foundation directly from your IRA, as long as you are 70 ½ years old and contribute no more than $100,000 per year.
Why Retirement Account Gifts?
- You can give directly from an IRA to the Scholarship Foundation making your gift tax-free
- A current year gift can satisfy your Minimum Distribution Requirement and will not affect the tax status of your income from Social Security.
- It’s very easy to set-up or modify, should your circumstances change.
- Extend your support to Marine Corps and Navy families, beyond your lifetime.