by Mike Bourland
American Football Coaches Foundation
Courtesy: AFCA
Release: 10/01/2006
Planned Giving is the structured and pre-planned way to donate to The American Football Coaches Foundation ("The Foundation"). It is charitable giving to The Foundation through multiple tax and estate planning methods, such as Wills, cash gifts, appreciated property gifts, IRA gifts, personal residence remainder interest gifts, life insurance gifts to name just a few.
The goal of the AFCA is to provide education for American football coaches so that they can better serve the public, not only through the enhancement of their technical skills and coaching capabilities, but also through role modeling and character development for young men and young women. AFCA provides substantial benefits to its member coaches, at an extremely low cost, including the annual convention that all have the opportunity to attend and from which all can benefit. In order to provide these benefits, the AFCA must have available a large amount of capital.
The goals of The Foundation are to provide education and education funding for American football coaches to help them better serve the public through their role modeling and character development function and to enhance the coaches' technical skills and coaching capabilities.
The AFCA is a tax exempt trade organization. Contributions to the AFCA do not qualify for an income tax charitable deduction to the donor.
The Foundation is a publicly supported, tax-exempt charity. Contributions to the Foundation qualify for an income tax and estate tax charitable deduction to the donor.
To meet the requirements of a publicly supported, tax exempt charity, the Foundation must receive at least one-third (1/3) of its support from a broad range of donors, which includes AFCA member coaches. That is why your annual contributions and membership payment are anticipated and crucial to the success of the Foundation. For every dollar from an AFCA member coach, the Foundation can receive two additional dollars from a larger donor or donor foundation without endangering the Foundation's favorable publicly supported, tax exempt charity status.
The foundation can be supported by your acquisition of a Bench, Plaque, Capstone, Tile or Brick in the Plaza of Influence. The Plaza of Influence presents a tremendous method for AFCA member coaches, as well as the general public, to prominently honor a special football coach and to make a contribution to the Foundation. The Plaza of Influence is a stone-lined plaza located at the AFCA facility. For a contribution to the Foundation ranging from $2,000 for a Bench, to $200 for a Brick, you or anyone within your sphere of influence can have an inscription for, as well as a brief salute regarding, a special football coach imprinted on that which you acquire. The inscription will honor this special football coach and will be a permanent part of the Plaza of Influence, which is a significant aspect of the AFCA facility. Payment for each item will be treated as a contribution to the Foundation and will be income tax deductible to the donor.
The conduct of fundraising events in your community, such as banquets and golf tournaments, for the Foundation's benefit is an excellent way to develop funds for The Foundation. Proceeds from admissions, sales of merchandise, performance of services, or furnishing of facilities at an event are classified as "gross receipts" funds of the Foundation. Gross receipts funds should target a broad base of the community, as no single person can provide more than 1% of the Foundation's total support through gross receipts and have it count toward maintaining the Foundation's favorable publicly supported, tax exempt charity status.
I will be in The Foundation booth at the 2007 convention. A number of football's top coaches will join me. Each of these coaches has supported The Foundation in some significant way. The coaches will be happy to discuss the manner that they have found advantageous to support The Foundation and the satisfaction they have derived by providing support to The Foundation. I will be available to discuss various tax and estate planning methods that are available to you to support The Foundation while taking care of your family. Come see us at The Foundation booth during the Convention.
