Join the Leaders!
The Naval Institute is truly grateful for the generosity of all our amazing supporters. Our deepest thanks to the following individuals whose participation thus far in 2016 distinguishes them as members of the Alfred Thayer Mahan Society (for cash donations of at least $25,000 within the calendar year), the Stephen B. Luce Society (for contributions of $10,000 to $24,999), the 1873 Society (for contributions of $5,000 to $9,999) and the Leadership Circle (for contributions of $1,000 to $4,999).
Alfred Thayer Mahan Society
Carroll C. Brooks
CAPT Roger E. Ekman, USN (Ret.)
Hon. Gordon R. England
J. Christopher Flowers
Gregory and Mary Glaros
Mrs. William D. Houser
Stanley S. Hubbard
Kenneth O. Klepper
CAPT H. F. Lenfest, USNR (Ret.)
John J. Schiff Family
Andrew C. Taylor
Stephen and Sandra Waters
Michael M. Wiseman
Stephen B. Luce Society
James E. Burke
VADM Peter H. Daly, USN (Ret.)
Peter M. Edmondo
Howard J. Kestenberg
CAPT Harry W. Konkel, USN (Ret.)
Dr. J. Phillip (Jack) London, Captain, USN (Ret.)
RADM Kendell Pease, USN (Ret.)
ADM James G. Stavridis, USN (Ret.)
O. Jay Tomson
The 1873 Society
CAPT Robert M. Barr, USN (Ret.)
David K. Beecken
RADM Daniel R. Bowler, USN (Ret.)
Brett Bozeman
VADM Sally Brice-O’Hara, USCG (Ret.)
VADM Dirk J. Debbink, USNR (Ret.)
Mitchell S. Eitel
Thomas J. Furlong
Richard J. Hipple
LCDR Richard Inglis Kouyoumdjian, CNR
H. Kirke Lathrop
CAPT Martin J. Mahon, USNR
Patrick J. Moran, Esq.
John Morton III
David A. Oestreich
ADM James A. Winnefeld, USN (Ret.)
The Leadership Circle
Dwight M. Allgood, Jr.
Dr. Fred L. Ames
ADM Stanley R. Arthur, USN (Ret.)
RADM Charles J. Beers, Jr., USN (Ret.)
Gerald W. Blakeley, Jr.
LCDR Alonzo R. Boyle, USN (Ret.)
Donald P. Brennan
John K. Castle
David D. Chomeau
Jay Clayton
Edward M. Condit, Esq.
Arthur R. Cressman, Jr.
Robert G. DeLaMater, Esq.
Andrew G. Dietderich
Donald R. Dixon
John Donnelly
VADM James H. Doyle, Jr., USN (Ret.)
VADM Robert F. Dunn, USN (Ret.)
Dr. Peter and Karen Eller
RADM Mark T. Emerson, USN (Ret.)
CAPT Wayne R. Fritz, USN (Ret.)
CAPT Robert A. Green, USNR
Keith Hahn
CAPT Thomas M. Hale, USN (Ret.)
CAPT Arthur Hamilt, USNR (Ret.)
LCDR Shawn F. Hansen, USN
Col James E. Harbison, USMC (Ret.)
Maj Robert Lee Heaton, USAF (Ret.)
William Hecker
CAPT Michael D. Herman, USN (Ret.)
James D. Hornfischer
ADM Timothy J. Keating, USN (Ret.)
VADM Albert H. Konetzni, Jr., USN (Ret.)
VADM Alexander Krekich, USN (Ret.)
John H. Kundts
RADM Frank W. Lacroix, USN (Ret.)
C. Alan and Nickie Lancaster
Hon. John F. Lehman
RADM Thomas C. Lynch, USN (Ret.)
Kirk C. McAlexander
Donald W. McCarthy
RADM Terence E. McKnight, USN (Ret.)
John B. McLaren
Philip W. McMahan
RDML James McManamon, USN (Ret.)
CDR Corbin A. McNeill, USN (Ret.)
CAPT Robert D. McWethy, USN (Ret.)
Danno F. Mahoney
ADM Henry H. Mauz, Jr., USN (Ret.)
CDR Nickolas I. Milanytch, USN (Ret.)
Barbara D. Moll
Paul E. Monaghan
Joseph M. Murphy
Dr. H. S. Nelli
Hon. Sean O’Keefe
CAPT John E. O’Neil, Jr., USN (Ret.)
Gen Peter Pace, USMC (Ret.)
H. Winfield Padgett, Jr.
LCDR William G. Paine, Jr., USN (Ret.)
Nicholas L. Paternoster
C. Michael Petters
Frederick H. Rainbow
CAPT Carter B. Refo, USN (Ret.)
CDR Richard M. Rosenberg, USNR (Ret.)
VADM William H. Rowden, USN (Ret.)
Hon. Donald H. Rumsfeld
VADM James A. Sagerholm, USN (Ret.)
CAPT Michael L. Smith, USN (Ret.)
COL Willard B. Snyder, USAR (Ret.)
Gerald D. Sullivan
LT James W. Todd, USNR (Ret.)
Col Frederic L. Tolleson, USMC (Ret.)
Michael J. Wallace
R. Miles Warner, Jr.
Henry K. Willard II
Tax-wise Heads Up
It is the last quarter of the year, so you may find yourself thinking about taxes and estate planning. If so, you will want to know about upcoming IRS regulations that are due to take effect at the end of 2016. The regulations address a tax loophole known as valuation discounts.
Valuation discounts concern minority interests in a family-controlled business or limited partnership. These discounts lower the fair market value of business assets for estate or gift purposes. In the past, challenges to such discounts have been unsuccessful. New regulations are coming that will increase the tax burden on estates.
Now is the time to consult a professional tax advisor or estate planner to determine whether you should consider taking action to reduce tax consequences for your estate. Such action could benefit your family and philanthropic causes that are important to you.