“YOUR RETIREMENT CAN BE A GIFT TO SCOUTING”
Like most individuals, you have probably given some thought to what you will do for retirement income. A lot of thought. And again, like most individuals, you probably didn't know how you could make a large gift to Scouting and get extra retirement income at the same time. But you can!
A BSA retirement trust is just a form of the popular charitable unitrust. It can be created easily with cash, stocks, bonds, or land that you already own. You place the property into the trust and receive income and tax deductions usually based on the full fair market value of the property. If your gift was appreciated property, you also avoid capital gains tax. You decide who receives the income, the amount of income, when you want to start receiving the income, and how , long the trust will last. When the trust ends, your local council receives the trust property.
Of course, these trusts aren’t limited to retirement income. They can be created at any time, for any reason. But contact us for more information about the BSA retirement trust, and about how you, your family, and your local council will all benefit. You’ll see that these income trusts are a real gift to retirement planning.
For More Information Contact:
Three Fires Council
415 N. Second Street
St. Charles, Il 60174
Thank you for your interest and continuing support of Scouting. Three Fires Council staff would be pleased to visit with you or your advisors about various ways to benefit you and Scouting through charitable giving. Please call Mike Kaufman Director of Strategic Initiatives at 630-797-4636 with questions and for more information.
The James E. West Fellowship Award is a national recognition for individuals who contribute $1,000 or more in cash or securities to the Three Fires Council Endowment Trust Fund. This contribution is in addition to, and does not diminish or replace, the donor’s annual gift to the Council’s Friends of Scouting Campaign.
James E. West was the first Chief Scout Executive of the Boy Scouts of America, and he served in that position for more than three decades. The West Fellowship award is available for gifts of $1,000 and up in cash or marketable securities to a council endowment fund. The gift must be in addition to – and not replace or diminish – the donor’s annual Friends of Scouting support. Many individuals and corporations make these gifts either on behalf of someone else – such as in honor of an Eagle Scout, Silver Beaver recipient, a retirement, a special accomplishment, or anniversary – or in memory of a special individual. If an institution is truly “the lengthened shadow of one man,” it is more than fitting that the BSA honor James E. West’s major contributions to Scouting in such a significant way.
Pay it Forward Through a Lasting Legacy
With the leadership of a dedicated volunteer and the Lowaneu Allanque Lodge the Three Fires Council, Boy Scouts of America has been promoting the James E. West Fellowship award to recognize outstanding volunteers through an investment in the future of Scouting. Again this year we will be presenting James E. West Fellowship Awards in the name of deserving volunteers. It is our hope that we can engage more donors throughout the Council to “Pay it Forward.” For every $1,000 we raise in endowment gifts we can present a James E. West Fellowship Award to another deserving volunteer. Gifts made to this program should be in addition to your normal annual giving. Any contributions to the endowment fund are permanently restricted and only the interest earned on those gifts will be used annually to support local Scouting. It is truly a gift that keeps giving and ensures the future of Scouting.
Donors may also make a contribution to the endowment fund of $1,000 or more and have their own James E. West Fellowship Award presented to them as a way to inspire other individuals to contribute to the future of Scouting. Each gift is awarded a certificate, special knot to be worn on the Scout Field Uniform and presented a lapel pin. Gifts of any amount will be pooled to award the James E. West Fellowship Awards and individuals are welcome to pledge a gift and make payments over the year.
Waite Phillips, founder of Waite Phillips Oil Company and donor of Philmont Scout Ranch to the Boy Scouts of America, once said, “It is truly a wise man who can leave something for the future.”
Thank you for your consideration of our “Pay it Forward” program and the lasting legacy we can leave for our future Scouts. Please contact Ron Wentzell with any questions or if you would like to discuss in person. 630.797.4615
As a donor to the Boy Scouts of America, you can use your giving to achieve personal goals, enhance your financial security, and to help shape the future of Scouting. Find out how you can help Scouting while helping your family.
Scouting’s original founder, Lord Robert Baden-Powell, lived by an interesting motto: we only have a short time to live, so we must do things that are worthwhile, and do them now. This belief clearly influenced his vision of the organization he was to create. But it also continues to define the true importance of Scouting, the relevance and impact of its programs, and the vital role that our great volunteers play in making Scouting what it is today. Few things are as worthwhile, or as important to do now, as taking care of those you love and care about the most. So take a few minutes to see some of the wonderful things you can do with your charitable gifts, in ways that can benefit you, your family, and your favorite charities.
THE FOUNDER'S CIRCLE
The Founders Circle is intended to recognize deferred gifts designated for council endowment funds.With deferred giving (also called planned giving) so widely and effectively used by so many donors, the BSA wants to recognize the importance of such major gifts. Donors are recognized for gift commitments of $100,000 or more. Unlike the other endowment recognition awards, a donor may qualify for membership with gifts made through:
- Charitable bequests in a will or codicil.
- Charitable trusts, such as unitrusts, annuity trusts, and lead trusts .
- BSA Gift Annuities or BSA Pooled Income Fund gifts .
- Life insurance/retirement plan designations .
Other deferred gifts approved by the local council .There are four levels of membership within the Founders Circle:
- Bronze $100,000 minimum gift commitment
- Silver $250,000 minimum gift commitment
- Gold $500,000 minimum gift commitment
- Platinum $1,000,000 minimum gift commitment
The early founders of the BSA had the vision and commitment to make Scouting the number one youth organization in the world. In that spirit, we honor the modern-day visionaries who qualify for the Founders Circle in their commitment to perpetuate the visions and beliefs of those founders. For mor information, please contact Mike Kaufman Director of Strategic Initiatives Three Fires Council, or 630-797-4636.