Badger Boys State Alumni Association

	Charitable Giving No matter how much you give to a charitable organization, the simple act of making a donation is deeply gratifying. Your generosity can be realized through countless organizations and methods leaving a lasting legacy of your charitable giving. The Badger Boys State Alumni Association, as part of Badger Boys State, Inc., is a nonprofit organization whose mission is to promote, encourage and support the Wisconsin American Legion's Badger Boys State program. The Association greatly appreciates the support of our many donors. We acknowledge donors through a variety of media and at several giving levels. Categories include cumulative totals for giving of both money and/or in-kind contributions. Donors may move up the giving levels as their cumulative total of giving increases. -Diamond Level ($25,000 and above) -Platinum Level ($15,000 to $24,999) -Gold Level ($5,000 to $14,999) -Silver Level ($1,000 to $4,999) -Bronze Level ($500 to $999) -Life Level ($200 to $499) Cash Gifts We offer two easy methods for you to provide a donation. Option 1: Online- You may provide a donation online utilizing a credit card or bank account via our secure partner PayPal. This does not require a PayPal account. To donate online, please select the "Donate" button below. Option 2: Mail a check- Additionally, you may rovide a donation by completing the Donor Form and mailing a check payable to Badger Boys State Alumni Association to: Badger Boys State Alumni Association 140 N Park Blvd Brookfield, WI 53005 The IRS requires you maintain a receipt prior to filing your return that states the date of the gift, the amount, and whether you received any goods or services in exchange for your donation. If you write a check for less than $250, a copy of the check will suffice as a record of the gift, however we will still provide you with a written receipt. You should always obtain a written receipt for a gift by check of $250 or more. Estates Currently federal estate taxes are repealed for any deaths that occur in the calendar year 2010. In 2011 and beyond, estate taxes are reinstated in full. Congress, however, may reinstate federal estate taxes sometime in 2010. What the final legislation will look like is unknown at this point. Previously, estates of less than $1 million currently are not subject to the federal estate tax. However, if your estate is over that amount or will be subject to tax because of lifetime taxable gifts you have made, charitable bequests may avoid or greatly reduce tax. Any amount passing to the Association under your will entitles your estate to an estate tax charitable deduction for the fair market value of the property. Planning Bequests to the Association It makes sense to continue, through your will, the support you have provided to the Association. You can't make a bequest to the Association, or anyone else, unless you have a will. If you do have a will, review it periodically to make sure it still reflects how you wish your estate to be distributed. If your will does not, you may need to amend it through a codicil or have an entirely new will written. You can add charitable bequests when you make or amend your will. If you don't have a will, please make an appointment with your attorney to have one prepared. Outright Bequest This is a gift of a particular amount of money or item of property, e.g., "I bequeath $25,000 to the Badger Boys State Alumni Association." Residuary Bequest The residue of an estate is the amount remaining after all specific bequests have been distributed. The exact amount will not be known until the final accounting is completed. The residue may pass as a percentage bequest, e.g., "I give one third of the residue of my estate to the Badger Boys State Alumni Association." Contingent Bequests You can name a secondary beneficiary to receive property in the event the primary beneficiary is not alive, e.g., "I bequeath $10,000 to my father, but if he has predeceased me, I direct the $10,000 be paid to the Badger Boys State Alumni Association." Stocks and Mutual Funds If you have owned a stock, mutual fund or other security for more than a year, you may be able to donate it to the Association and take a tax deduction for its full market value. Even if these types of assets have lost value, for tax purposes they are still appreciated if their current value is more than what you originally paid for them. If you've owned them for more than one year, you may deduct the full fair market value of the property up to 30 percent of your AGI. You also eliminate paying capital gains tax on the appreciation, thus reducing the out-of-pocket cost of your gift. Trusts An excellent giving tool where through the establishment of an irrevocable trusts, the Association can be designated to receive annual payout from the trust. Additionally, a trust can be created that maintains annual payments to an individual and at the termination of the trust the balance can be designated to a charity. Life Insurance Life insurance policy donations can be made by naming the charity as the beneficiary of the policy. Usually, "whole-life" and "universal-life" policies are donated as these policies have current cash value. However, any life insurance policy can name the Association as the beneficiary. Additional Information If you would like more information on planned giving, please contact the Association via our feedback form. The Badger Boys State Alumni Association is committed to providing the most accurate information possible and this webpage is designed to provide suggestions for charitable giving. The Association is always willing to consider creative donations. Additionally, the Association recommends you consult with an attorney to discuss what charitable giving strategies may best serve your objectives.
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