Our endowment is critical, in fact, essential in funding our programmatic mission and the operational functions of our organization. Of all of the charitable donation requests donors receive, perhaps one should ask oneself two questions: Is the organization and its mission worthy? Will my financial contribution make a difference? Both questions can resoundingly be answered in the affirmative. Our endowment serves to underwrite our local scout programs as well as underpin our financial stability. In turn, it provides a beacon of light for countless youth and forges the values and principles outlined in the Scout Oath and Scout Law into a future generation of leading citizens. Is there any contribution of any kind more worthy or impactful for our community?
The James E. West Award ($1,000 or more gifted in one year) and the Second Century Society Award ($25,000 or more gifted over five years) provides you with this opportunity.
The vast majority of legacy gifts are made through wills and living trusts, as well as with beneficiary designations on retirement accounts such as 401(k) and IRA plans and insurance policies. However, charitable annuities and other more complex estate planning instruments may also be options to consider.
In most cases, our organization doesn’t actually need to be directly involved when a donor establishes gifts through a will, trust, or financial account designation.
Donors should indicate the following information in a legally binding document (such as a will or trust):
- Our organization’s full name, Five Rivers Council, Boy Scouts of America (no shortened versions or nicknames) and address – 244 West Water Street, Elmira, NY 14901.
- Tax EIN: 23-7421969 is not required but can be helpful.
- Details on the gift and a description of any donated property.
- Any restrictions on the use of the gift.
The gifting process can be made even easier if donors simply name our organization as the beneficiary of a financial account or life insurance policy. Financial institutions involved typically can provide the required paperwork for making these gifts.
Lastly, be sure to speak with your tax advisor, as they are likely to know the most about applicable IRS guidelines.