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Angela Christensen
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Leave a Legacy
Dolphin Scholarship Foundation receives funding from submarine spouse organizations, the submarine community, cartoon calendar sales, the DSF annual golf tournament and individual and corporate donations.

Dolphin Scholarship Foundation is a nonstock corporation organized under the laws of Virginia and tax exempt under Section (501) (c) (3) of the Internal Revenue Code.

A Living Legacy
to Benefit Dolphin Scholarship Foundation
by Mr. Joshua Rockwell
Financial Services Professional, Stephens Financial Partners

When it's time to begin planning your estate, you think about the people and organizations that have played a role in your life. You have generously supported Dolphin Scholarship Foundation during your lifetime, because you believe in our mission to provide undergraduate financial assistance for the children of the Submarine Force, and understand that DSF will continue to make a positive difference far into the future. Did you know that over half of all adult Americans do not have a will? With your will, you can receive the gratification of knowing that your generosity can create a living legacy. By planning now, you can help ensure that generations of submarine families will continue to receive educational assistance from our submarine family through Dolphin Scholarship Foundation. How can you provide for our future support? The answer is simple: by including a charitable bequest in your will or estate planning. A bequest is easy to arrange: • It is not payable until death, so it does not affect your assets or cash flow during your lifetime. • It is private – your will is not filed or made public until your death. • It is revocable – you can change the provisions in your will or trust at any time until death. A bequest can deliver a specific gift to DSF, such as "I bequeath the sum of Ten Thousand ($10,000) Dollars." Or, it can deliver a percentage of the balance remaining in your estate after taxes, expenses and other bequests have been paid - what's known as the residue of your estate, such as "I bequeath ten percent of the residue of my estate." Giving a percentage of the residue can allow for more flexibility in your long-term planning. A charitable bequest or trust distribution is deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from state inheritance taxes. You can amend your current will or trust to make a gift to Dolphin Scholarship Foundation. Your attorney can prepare the simple document, called a codicil, that adds a new bequest to DSF while reaffirming the other terms of your will. Similarly, your attorney can prepare an amendment to your revocable trust to add Dolphin Scholarship Foundation as a beneficiary.

To discuss your “living legacy” for Dolphin Scholarship Foundation, please contact your attorney or financial advisor.

For more information, please contact the Executive Director at (757) 671-3200 ext. 114 or email

Mr. Rockwell receives no compensation from Dolphin Scholarship Foundation. This is not professional tax or legal advice. Please consult your tax and legal advisors regarding your specific situation.

Jodi Emch
For more information about donations, or for information about planned giving, please contact the Executive Director at
Copyright © 2009 Dolphin Scholarship Foundation