WAYS TO GIVE

Through the years, your Navy Supply Corps Foundation has played an instrumental role in the lives of over 2,800 students through educational scholarships of over $7,200,000. Your foresight and generosity have made this tremendous accomplishment possible. But what about the future? How can you ensure that all the good you’ve done in your career, and in your life, continues on for the generations yet to come?

Those who wear, or have worn the oakleaf, come from various walks of life and a variety of backgrounds. Though all of us, when we each look back on our life and career, probably “caught a break” somewhere along the way. Often the “break” was in the form of a leader or a mentor who provided support or some form of encouragement when it was most needed. Such help and mentorship in times of need is the history of legends and, as our time marches on, the names of such leaders and mentors in our lives are fondly, and often reverently, recalled.

How will you be remembered? As a Navy Supply Corps Foundation Member, one way to help future generations achieve the same success and fulfillment that you’ve accomplished in your life is to include the Navy Supply Corps Foundation in your Estate Plan and become a member of the Tench Francis Legacy Society. Designating a bequest to the Foundation is quicker and simpler than you may think—engagement with an attorney or financial advisor isn’t required and the bequest amount is totally up to you.

You have the rare opportunity, through a Tench Francis legacy bequest, to positively touch future generations in perpetuity, and leave your legacy. If you’d like to receive more information, with no commitment, please take a moment and send a quick email to Executive Director Dan Pionk. Thanks for all that you do for the good of others.

RECOGNIZING CONTRIBUTORS

Gifts to the Foundation are Tax Deductible

Two special programs have been developed to recognize members’ contributions to the Navy Supply Corps Foundation: The Tench Francis Legacy Society and the 21st Century Club. Learn more about each by clicking on the buttons below.

Tench Francis Society

The 21st Century Club

Explore More Ways to Give by Opening the Tabs Below

Donate Online

Online: You can contribute at anytime online by going to the Foundations Donation Page. You can also set up a recurring donation (for example $83.34 per month is $1000 a yr.).

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Donate by Mail

Donating by mail: Download the Honor Our Heritage, Invest in Our Future Donation Form and mail it with your check or credit card information to:

Navy Supply Corps Foundation
2385 Godby Road
#490165
Atlanta, GA 30349

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Make a Pledge

Make a Pledge: Download and complete the Foundation’s Pledge Agreement Form and either email to Foundation@NavySupplyCorpsFoundation.org or mail it to:

Navy Supply Corps Foundation
2385 Godby Road
#490165
Atlanta, GA 30349

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Stock Donations

Stock donations: Contact the Foundation Executive Director to make a donation of stock directly into the Foundation’s Charles Schwab account.

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Qualified Charitable Distribution (QCD)

Qualified Charitable Distribution (QCD): A charitable gift from an IRA could reduce or eliminate income tax on your tax return. If you are 73 or older and have a traditional IRA, you must take a required minimum distribution (RMD) and pay income tax on the distribution. A good way to avoid paying income tax on distributions from traditional IRAs is to make a gift to charity directly from your IRA.

The IRS refers to the IRA charitable rollover as a qualified charitable distribution QCD). An individual over 70½ is permitted to make a QCD from his or her IRA to a qualified charity. The QCD is not included in taxable income. If the IRA owner is over 73, the distribution may also fulfill part or all of their RMD.

There are some limits to using the IRA rollover as a charitable gift. The IRA owner must be at least 70½ and the maximum transfer amount in 2025 is $108,000. The transfer must be to a qualified exempt charity and may be designated for a specific purpose or field of interest fund.

A qualified charitable distribution (QCD) is a wonderful way for donors who are 701⁄2 and older to make a gift from their IRA to support the Foundation. It’s a good time to think about QCDs as we approach the end of the year since donors aged 73 and older must take their required minimum distribution (RMD).

Benefits for the Donor: A QCD allows a donor age 701⁄2 and older to transfer up to $108,000 tax free from their IRA to their favorite public charity. QCD gifts are not currently permitted to be made to donor advised funds or supporting organizations. This donation will also help satisfy the donor’s RMD. Not having this money included as part of their taxable income can be a great benefit for the donor. Many donors do not need their entire RMD and this provides an easy and efficient way for donors to give to their favorite charities.

Benefits for the Navy Supply Corps Foundation: The IRA charitable rollover can potentially become an annual gift, as many donors who give from their IRA once often continue giving. Another benefit is that there are many donors that are eligible to make QCDs. This is a gift for donors that itemize their taxes as well as those that do not itemize their tax deductions.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

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IRA Charitable Rollover

IRA Charitable Rollover: If you are 70 1/2 or older, an IRA charitable rollover is a way you can help continue our work and benefit at tax time too!

Benefits of gifts of retirement assets

Simplify your planning
Support the causes that you care about
Continue to use your account as long as you need to
Heirs can instead receive tax-advantaged assets from the estate
Receive potential estate tax savings from an estate tax deduction

How to make a gift of retirement assets

To leave your retirement assets to Navy Supply Corps Foundation, Inc., you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Navy Supply Corps Foundation, Inc. as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

Future gifts from your retirement assets

Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Navy Supply Corps Foundation, Inc. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. You can use the “Make a Future Gift of Retirement Assets” tool to contact your retirement plan custodian and designate a future gift to Navy Supply Corps Foundation, Inc.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

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Planned Giving

Planned Giving: Consider the Navy Supply Corps Foundation in your estate planning through a gift annuity, by including the Foundation in your will or as a beneficiary to your life insurance policy to reduce your taxable estate.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

Donate by Endowment

Endowment: Endowing the Foundation is easy–it’s a committment to giving a small gift on a regular basis. For as little as $50/week, a donor can create a $100,000 Endowment…all online! Learn more HERE.

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Insurance Gifts

A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

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Named Scholarship Donation

Named Scholarships: The Foundation awards one-year and multiple-year scholarships. A donation of $2,500 or more can support one of these scholarships, which can be named for you or someone you choose. Sponsors of a named scholarship will be notified of the recipient of the scholarship, along with background information on the recipient.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

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Memorial Scholarship Funds

Memorial Scholarship Funds: The Memorial Scholarship program provides college tuition assistance for the minor children of Supply Corps officers who die while on Active Duty after 2001. The Foundation contributes $20,000.00 to establish a scholarship fund for each of the minor children of a Supply Corps officer who dies while on Active Duty. The scholarship fund is maintained as a restricted account within our corpus and is available for disbursement when the child is ready to attend college. The fund is also set up so that individuals can contribute to it.

Jan 01 LT Corinne J. Pellegrin 4 Children	Mar 07 CAPT Lindsay Perkins 2 Children	Sept 11 RDML Kurt Kunkel 2 Children
Apr 02 CDR Paul J. Dour 3 Children	Mar 07 LCDR Morgan Tulang 2 Children	Nov 11 LCDR Michael Edwards 2 Children
Apr 03 CDR Joseph Acevedo 2 Children	Jun 07 LCDR Dexter Gloster 3 Children	Apr 12 CAPT Douglas H. Rose 2 Children
Oct 04 LT Dave Hiles 2 Children	Sep 08 LCDR Greg Bellenger 2 Children	Oct 12 CDR Joel Tiu 2 Children
Jan 05 LCDR Keith E. Taylor 3 Children	Mar 08 LT Ron Irwin 1 Child	Apr 13 LT Daniel Neubauer 2 Children
Aug 05 CAPT Lyman Foster 1 Child	Nov 10 CAPT Todd Kirst 1 Child	Aug 14 LT James Kervella 2 Children
Apr 07 CDR Philip Murphy-Sweet 3 Children	Dec 10 LT Scintar Mejia 1 Child	Sept 14 LTJG Stephen Byus 2 Children

Perpetual Scholarships

Perpetual Scholarships: A contribution of $50,000 will fund a perpetual endowed scholarship. A restricted fund will be established and dividends and interest on the fund will be used as directed by the contributor to support the Foundation.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

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Special Memorial Funds

Special Memorial Funds: Contributions can be made in memory of an individual. When contributions reach $2,500 in the memorial fund, a scholarship will be named for the designated individual. Currently, Memorial Funds are established for VADM Kenneth Wheeler, RADM Donald E. Wilson, RADM Wallace R. Dowd, RDML Kurt Kunkel, RADM Frank & Barbara Allston, CAPT Fran Derby, CAPT John Titus, Jr., and LT Eric Ferguson. Memorial funds have also been established for Eileen Sapera, Carol Ann Walker, Patricia Collette, Shirley Robinson, Catherine Cuomo, Shirley Billings, and Jessica-Marie A.Tisak.

A scholarship fund for the two children of CS2 Jarod Newlove has been established. Newlove was killed while serving with the Navy Reserve Force Command in Logar province, Afghanistan. A scholarship fund has also been established for the son of SK3 Jamie Fallon. Fallon was killed on 9/11 while serving in the Pentagon. Another fund was set up for the three children of LS2 Randal Smith. Smith was killed while serving at the Navy Operational Support Center (NOSC) Chattanooga.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org to learn more!

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CFC Campaign Fund

CFC 2025 Giving Campaign: The Navy Supply Corps Foundation is not participating in the CFC 2025 Giving Campaign. This was a decision made by the Board of Directors at our Fall 2024 Board Meeting.

For more information: Contact Foundation Executive Director CAPT (ret) Dan Pionk at executivedirector@navysupplycorpsfoundation.org.

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A WORD ABOUT TAX DEDUCTIBLE GIFTS TO THE FOUNDATION

Under section 501(c)(3) of the Internal Revenue Code, the Navy Supply Corps Foundation is a non-profit tax-exempt organization.

The Foundation is supported by private donations from individuals, corporations, and foundations and does not receive any government funding. From time to time, donors, when dealing with the Navy Supply Corps Foundation, require a tax identification number. NSCF uses the federal identification number: 23-7066533.

Each year when you prepare your tax return, you face a potential federal tax on your capital gains. One simple way to reduce your taxes is to provide a gift to the Foundation. By providing a gift of stock or property that has appreciated in value, you can claim the fair market value for tax purposes (subject to IRS limitations). This allows you to provide significant support for the Foundation without a significant outlay of cash.

Gifts of stock or property can also be donated through a charitable remainder trust. This can provide immediate tax benefits, income from the trust, and still provide support for the Foundation. Contact your tax advisor for additional information.

If you need more information on potential tax savings, contact your tax advisor or CAPT (Ret) Dan Pionk, Executive Director, Navy Supply Corps Foundation, 2385 Godby Road, #490165, Atlanta, GA 30349 or call (706) 354-4111 or at executivedirector@usnscf.com.

Funding Our Mission through Donations:

Your generous donation inspires our members to go forth and maximize the benefits of your gift. A little bit goes a very long way, as synergistic teamwork multiplies the impact of converting your financial gift into tangible community service, higher education, and other philanthropic purposes. We do hope you will embrace our mission and vision by contributing what you can to our foundation!

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to Receive The Oakleaf

If you’ve ever worn the Navy Supply Corps oakleaf, you’re already a member of the Navy Supply Corps Foundation. All you need to do is register your membership on our website, and you will be able to opt-in to receive The Oakleaf newsletter each quarter and our monthly news and events. It’s that easy!