Ensuring DAV Is There for Years to Come
Brian Tanner found so much inspiration in the way DAV helps his fellow veterans that he decided to support the organization himself, with a unique kind of gift.
With his faily’s approval, the Army veteran decided to make DAV a partial beneficiary of his VA life insurance policy. The organization stands to gain $5,000 from this act of generosity, quite a nice salute from Brian to other vets who came home wounded from war.
Life insurance policies of any kind—not just those from the VA—provide an excellent way for DAV members and friends to support the organization’s mission with “planned gifts.”
Though it’s so easy, life insurance is often overlooked as an asset people can use to make a charitable gift. But Brian, a married father of one, was happy to look into it. His most important consideration was “to ensure DAV is there for years to come for our returning veterans.”
Like so many members, Brian is grateful DAV was there to help him get through the VA disability claims process. He also noted DAV’s dedication to providing transportation to sick and injured veterans who need help getting to VA medical appointments.
The veteran of the Army’s 82nd Airborne Division has post-traumatic-stress disorder to the point of agoraphobia. Unable to leave the house or go to work, he found hope in a new dog that is being trained as a service animal. This special companion will learn how to alert Brian to oncoming panic attacks, enabling him to regain more control of his life.
Many options exist for donors like Brian, who wish to make a planned gift involving life insurance. They include naming DAV as the partial or contingent beneficiary of a policy, or the sole beneficiary of a policy that’s no longer needed for its original purposes. Or, donors can transfer ownership of existing, paid-up policies to DAV. In this case, they may get a tax deduction for the lesser of a policy’s current value or what was paid into the policy over the years.
For Brian, any option was a welcome one. “My family and I decided it was the right thing for us to do to help other veterans,” he said.
- If you have created an estate gift for DAV, we’d like to thank you through the Guardian Society, our appreciation for future gifts. Members receive an engraved certificate, the society’s lapel pin and a name listing in the society’s newsletter.
- Legal address for estate gifts: Disabled American Veterans, P.O. Box 14301, Cincinnati, OH 45250; tax identification number: 31-0263158.