Bequest Language

EAA is an educational organization that is exempt from federal income tax under section 501 (c)(3) of the IRS code. The EAA is supported by an endowment held by the EAA Aviation Foundation whose IRS ID number is 39-1033301. While EAA has a separate ID number for its operating budgets, most commonly planned and estate gifts are directed to the endowment fund.

Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to the EAA Aviation Foundation, Inc. (Tax ID #39-1033301), located at 3000 Poberezny Rd., Oshkosh, WI  54902, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific EAA fund or program).

Specific Gift Language
Naming the EAA Aviation Foundation, Inc. as a beneficiary of a specific amount from your estate:

I give and devise to EAA Aviation Foundation, Inc. (Tax ID #39-1033301, located at 3000 Poberezny Rd., Oshkosh, WI  54902, the sum of $___________ (or identify a specific asset) to be used for its general support (or for the support of a specific EAA fund or program).

Contingent Gift Language
The EAA Aviation Foundation, Inc. can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to EAA Aviation Foundation, Inc. (Tax ID #39-1033301), located at 3000 Poberezny Rd., Oshkosh, WI  54902, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific EAA fund or program).

Retirement Plan Beneficiary Language
You may name the EAA Aviation Foundation, Inc. (Tax ID #39-1033301) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming the EAA Aviation Foundation, Inc. as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming the EAA Foundation, Inc. as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support the programs of EAA free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify the EAA Aviation Foundation. We can also assist you with the proper language for your beneficiary designation to the EAA Aviation Foundation.

Questions? Please contact Ken Strmiska, Vice-President for Philanthropy & Donor Stewardship at 920-426-5901 or kstrmiska@eaa.org.