Endowments & Trusts

If you believe in Keeping Our American Traditions Strong for Today and Tomorrow...
...You may wish to join us as a "Friend" of the Boy Scouts of America.
Scouting Heritage Society

The Heritage Society is a symbol of the values of the Scouting program.

Scouting "Friends" are invited to join the Heritage Society, a special group of men and women who believe in the purposes of the Boy Scouts of America and who want to ensure that Scouting is continued in the Great Trail Council for future generations.

Purpose of the Endowment Fund

The Great Trail Council Endowment Fund was created to provide a permanent foundation to support quality Scouting for now, and for the future.

 Try this link to see more info on giving:  BSA Gift Planning

The Boy Scout Council

  The program has reached hundreds of thousands of youth in this council with its multifaceted programs in Summit, Medina, Portage, and Northern Wayne counties. Over 18,000 youth and 5,000 adult volunteer leaders are registered. A small but effective staff serves the organization that provides homes for Tiger Cub groups, Cub Scout packs, Boy Scout troops, Varsity teams, Venture crews, Explorer posts, and Learning for Life groups.
 

Tax Savings From Gifts

Our tax and estate laws encourage individual philanthropy by providing for generous financial incentives that can benefit contributors who share their resources with the Boy Scouts of America. The council is willing to provide and assist with helpful information, however, you are encouraged to consult your attorney, trust officer, or tax counselor to secure specific information on the tax consequences of your gift.

 Try this link for more info on the tax implications:  Gift Laws

The Great Trail Council of the Boy Scouts of America is a non-profit, tax-exempt organization which is under the I.R.C. Section 501(c)(3) status.

 

Ways of Making A Gift

Outright Gifts
Outright gifts of cash, securities, real estate, or tangible personal property such as coins, stamps, antiques, etc., can be donated. The law provides generous tax deductions and incentives for these gifts. Ask for specific tax information on a gift of this type.
Bequests
After personal and family needs are met, donors can bequeath a specific amount or a percentage of the remainder of their estate to the council. Contributions by bequest are deductible from the taxable estate as a charitable gift. The council can be named a beneficiary, or, if family obligations preclude doing this, the council can be named a contingent beneficiary in the event the first-named beneficiary(ies) should not live to receive the inheritance.
 
If the donor's will is already written, a simplified codicil (a supplement or addition) can be added to the existing will.
BSA Pooled Income Fund
The BSA Pooled Income Fund is a charitable remainder trust approved and registered with the IRS to which donors can make irrevocable gifts of cash or securities with a value of $5,000 or more. The donor's gift is pooled with other gifts and invested. Income from that investment is paid to the donor quarterly for the rest of his or her life.
Gift Annuities
The gift annuity is an established method of providing fixed income payments to the donor or others for their lifetime. The amount received is determined by the size of the gift and the age(s) of the donor or other beneficiaries. However, the income received is guaranteed and not subject to market fluctuations. The remainder gift, after all life income rights have terminated, is transferred into the endowment trust fund.

Click the link below to contact our Council about contributing to the Heritage Society or other ways in helping Scouting.


Copyright © 2000 Great Trail Council, BSA