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Planned GIft Methods

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Bequest from a Will or Trust

Simply name USA Volleyball Foundation - First Point Fund as a beneficiary in your will or trust. Doing so will not affect cash flow during your lifetime. See below for types of bequests and sample language that can be used to make a lasting gift in your will or trust: 

Types of Bequests

Residual Bequest

Contingent Bequest

Residual Bequest


A percentage of your estate after other specific legacies have been fulfilled. 


See Sample Language

Specific Bequest

Contingent Bequest

Residual Bequest

 

A specific dollar amount stated fraction of your estate or specified gift-in-kind.


See Sample Language

Contingent Bequest

Contingent Bequest

Contingent Bequest

 A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation. 

See Sample Language

Amending Your Existing Will with a Codicil

If at any point in time and for any reason, you wish to make changes to include USA Volleyball Foundation - First Point Fund in your will, you can easily amend it by using a Codicil. A codicil is a document your attorney can prepare to amend your will or trust without rewriting the entire document. The codicil adds a new gift to USA Volleyball Foundation - First Point Fund  while reaffirming the other terms of your will. 


Sample Codicil 

I give, devise, and bequeath $ ___________ to USA Volleyball Foundation - First Point Fund located at 

4065 Sinton Rode, Suite 200, Colorado Springs, CO 80907

for its charitable uses and purposes. 

In all other respects I ratify and confirm all of the provisions of my said last Will and Testament dated on the _________ day of ______________, 20__ 

IN WITNESS WHEREOF, I sign, publish, and declare this instrument to be a Codicil to my last Will and Testament in the presence of both persons witnessing said Codicil at my request this _____ day of ___________, 20__.  _________________________ residing at _________________________ (name) 

Witnesses _________________________ residing at ___________________________ (name)
_________________________ residing at ___________________________ (name) 


The codicil, to be valid, must be signed in the presence of both witnesses who are present at the same time, and the original placed with your other valuable papers. A copy can go to your lawyer and a copy to USA Volleyball Foundation - First Point Fund. 

Sample Codicil

Gifts by Beneficiary Designations

NameUSA Volleyball Foundation - First Point Fund as the beneficiary of a retirement plan, financial account, or annuity. You will continue to benefit from these assets during your lifetime.


Gifts of Life Insurance

Gift unused life insurance policies to USA Volleyball Foundation - First Point Fund and take an immediate tax deduction. You may also nameUSA Volleyball Foundation - First Point Fund  as a beneficiary of your policy.


Gifts of Personal Property

Valuable assets including artwork, collectibles, and jewelry that you no longer want or need may be gifted to USA Volleyball Foundation - First Point Fund and qualify for a tax deduction.

Qualified Charitable Distribution

Financial donors over age 70 may make an IRA-qualified charitable distribution to USA Volleyball Foundation - First Point Fund from their retirement savings accounts. Did you know that the gift of a qualified charitable distribution (QCD) benefits donors aged 70 ½ and up?

As you plan your charitable giving, consider using your IRA account to make the most of your philanthropic donations. You receive a tax benefit even if you make the standard deduction.

With recent changes to legislation under the SECURE Act 2.0, the age at which IRA holders must take their required minimum distribution (RMD) has been increased to 73. However, anyone age 70.5 or older can still make Qualified Charitable Distributions to their favorite charities. Please consult your financial advisor when making your philanthropic decisions.

It’s important to consider your tax situation before deciding to make a qualified charitable contribution from your IRA. Be sure to share this plan with your financial advisor.


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Estate Planning Information

A gift from your estate plan is one of the most impactful ways to help USA Volleyball Foundation - First Point Fund. We would be happy to provide you with complementary resources that can help you make a lasting impact on the boys’ and men’s volleyball community. 

Have you already provided for USA Volleyball Foundation - First Point Fund in your estate plans or might you consider a legacy gift to USA Volleyball Foundation - First Point Fund in your estate plans? Please let us know so we can discuss your wishes.

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Announcement

First Point Volleyball Foundation merges with USA Volleyball Foundation (USAVF)


USAVF Welcomes New Board and Officers, and Establishes First Point Specialty Fund to 

Advance Boys’ and Men’s Volleyball 

Click here for full story