Benefits of Giving
Learn more about the benefits of our gift options.
Gifts of Cash
- Your gift is deductible as a charitable donation for federal income tax purposes.
- Your tax deduction is for the full value of your gift.
- Supports the programs of the Lt Alexander Bonnyman Unit today.
Bequest Gift
- Gifts through your will provide deductions for the full value of your gift.
- By naming our Unit of the Young Marines as a beneficiary of your will, the asset is removed from your potential gross taxable estate.
- There is no maximum for estate tax deductions that can be taken for charitable bequests.
- Charitable gifts through wills are usually exempt from state inheritance taxes.
- You may change the beneficiary of your gift if your circumstances change.
- Your gift will help provide for the future of our Unit and assist us in making our program available to future generations of Knoxville youth.
Life Insurance
- By naming our Unit of the Young Marines as a beneficiary of your life insurance plan, your estate will receive an estate tax deduction for the value of the proceeds.
- Value of your gift asset is removed from your potential taxable estate.
- You may change the beneficiary of your gift if your circumstances change.
- Your gift will provide for future programs of our Unit.
Retirement Plan
- Assets in retirement plans may be subject to several taxes, including income, federal and state. By naming our Unit of the Young Marines as the beneficiary of your retirement plan you remove the asset from your estate.
- Reduce your estate taxes.
- You may change the beneficiary of your gift if your circumstances change.
- By making a gift through your retirement plan, you will help to provide for a future of our programs.
Why Volunteer?
- By becoming a volunteer with the Lt Alexander Bonnyman Unit of the Young Marines you will help to provide programs for the Young Marines of today and tomorrow.
- If you have specialized skills, such as legal expertise, a background in finance or public relations experience, you may be able to help us to improve our programs and outreach to the community.
- You will help to make a difference in the lives of Knoxville’s youth.