The Foundation was incorporated in the State of Ohio and maintains headquarters at the Ohio Veterans Home/Museum in Sandusky, Ohio. The Foundation is tax exempt under Section 501(c)3 of the Internal Revenue Code.
Funds to meet the Foundation’s objectives are being raised in several ways. Logo and other merchandise is being sold through the Foundation. In addition individuals can support the Foundation with monetary gifts. Such gifts are fully tax deductible and have the possibility of increasing amounts contributed if accomplished through a corporate matching gift plan. We encourage you to support the Foundation’s objectives through your merchandise purchases and cash contributions.
Contributions should be forwarded to:
SUVCW Charitable Foundation, c/o James H. Houston, P.O. Box 386, Milford, OH 45150.
We enthusiastically look forward to serving our educational and charitable purposes through your support.
There are several ways other than cash donations, by which you can provide financial support to the activities of the Foundation in preserving the rich heritage of our ancestors. A variety of general plans are listed for your consideration.
1. General Bequest – This is a procedure by which you bequeath a stated amount or percentage of your estate by will without conditions attached.
2. Designated Bequest – By this method you identify a particular program or several projects for support by your will. This assures continued progress for activities in which you are interested.
3. Bequests By Trust – There are various trusts that may be created for your desired philanthropic support, some with special tax benefits.
4. Giving Through Life Insurance or Commercial Annuities – You may donate a life insurance policy or commercial annuity that you own outright, or you may assign dividends from these as a gift. Tax benefits accompany many life insurance and commercial annuity gifts.
5. Appreciated Properties – There are special tax benefits from donating long-term property which has significantly increased in value, including a deduction for fair market value and a saving on the tax on capital gains.
(Please contact your lawyer, trust officer, or other financial advisor for more specific details relative to the latest tax benefits and technical requirements.)
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- Testamentary Trust – This trust is created at the time of your death and is normally placed under the administration of a trustee, usually a bank or trust company. The income from the trust provides for the support of the activities according to your expressed desires.
- Irrevocable Living Trust – This trust is organized during your lifetime and involves the transfer of part of your property to the trust with specific benefits for purposes of estate and income taxes.
- Revocable Trust – This trust is established at any time during your life and you continue to maintain control over your assets, but there are few tax benefits for this type of trust. It does have such advantages as not being subject to probate proceedings and making it possible for you to designate another person to manage as a successor trustee.
- Life Income Charitable Trust – This trust is also created during your lifetime and provides that the income from the trust will be available to you or a designated recipient until death, at which time the entire trust would go to the Foundation. It also includes special benefits for purposes of estate and income taxes.