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Your gift to our endowment fund ensures that
the Ore-Ida Council can offer outstanding programs to our youth
and community now and into the future. Through a charitable
gift, you can benefit your family at the same time as you help
your favorite charity or charities.
There are many ways you can give and have your
legacy live on. The charitable bequest is the most familiar and
widely used way to benefit Scouting at some future time. It is
how most donors establish a legacy after their life-time. Most
who include Scouting in their wills benefit their heirs at the
same time. Depending on your needs, there are many forms a
bequest to Scouting can take.
Charitable Remainder Trust
A Charitable Remainder Trust is a widely
popular way to give to Scouting. This plan allows a donor to
decide how much to put into the trust. This is a good way to
give a highly appreciated asset to the Boy Scouts, sell the
asset, and avoid paying income taxes on the gain realized in the
sale. The donor chooses to receive a fixed percentage of the
fair market value of these assets for the life of the donor. At
the donor’s passing, the trust’s assets go to the Boy Scouts.
Charitable Gift Annuity
This form of gift is actually a contract
between the donor and the Boy Scouts, wherein the donor
transfers assets (cash, securities or real property) to the Boy
Scouts, in exchange for the annual fixed dollar payment for the
life of the stated beneficiary. When the stated income
beneficiary passes, the gift goes to the Boy Scouts.
Bequests
Bequests are usually the simplest kind of
planned gift. A bequest is a provision in a donor’s will or
trust which names the Boy Scouts as a beneficiary of a portion
of the donor’s estate. When the donor passes, the donor’s estate
receives a charitable deduction for the total amount given to
the Boy Scouts.
Charitable Lead Trust
If your goal is to provide an inheritance for
your children, but you would also like to make a significant
charitable gift to the Boy Scouts now, this form of gift might
be right for you. Once the trust is set up, the assets are
invested in order to generate annual income to the Boy Scouts
for a specified number of years. At the end of this time, the
trust is returned to the donor. This method generates a
substantial amount of income, provides the donor an immediate
tax deduction, and can save on estate taxes.
The Council Heritage Society
Since Scouting began in 1910, its variety of
programs have helped children succeed and provided a lifetime of
memories for each child.
The Heritage Society is the collective group
of individuals and institutions which have contributed to the
Council’s Endowment Fund. Membership in the Heritage Society
entitles the donor to attend Heritage Society gatherings. These
gatherings:
- provide recognition for new Society
members
- give us an opportunity to provide an
annual report on Scouting in Ore-Ida Council
- feature special guests, speakers and
seminars
For more information on Planned Giving
and the Ore-Ida Council Heritage Society, please contact Dave
Kemper, Council Executive at 208-376-4411
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