New Name, New Goal, New Leadership.
The Dan Beard Council (DBC) Endowment is a fund held in perpetuity that provides interest and dividend earnings for the long-term benefit of Scouting in the Greater Cincinnati and Northern Kentucky Metro Area. Endowed funds can support the mission of Scouting now and provide a steady stream of income for years to come. With a goal of providing about 10% of the Council’s Operating Budget annually, the DBC Endowment ensures that less effort is assigned to fund-raising and more focus is devoted to activities that provide our youth with quality, value-based programs.
For more information on the Dan Beard Council Endowment and Planned Giving, please contact Andy Zahn, Scout Executive/CEO, at Andy.Zahn@Scouting.org.
Establishing a Scouting Legacy
Why Donate to the Dan Beard Council Endowment?
To learn more about how you can leave a legacy with Dan Beard Council, click the button below.
What Types of Gifts are Accepted?
Cash
A cash gift is a simple and easy way to make an immediate impact on our mission. You benefit by being able to make a charitable income tax deduction.
Stocks & Bonds
Donating appreciated securities, including stocks and bonds, is an easy and tax-effective way to make a gift to the DBC. You can avoid paying capital gains tax on the sale of appreciated stock and receive a charitable income tax deduction.
Insurance
If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Planned Giving
Making a planned gift is a wonderful way to show your support for the youth of the Dan Beard Council while accommodating your own personal, financial, estate-planning and philanthropic goals. With selective planning you may actually increase the size of your estate and/or reduce the tax burden on your heirs. Just as important, you will know that you have made a meaningful contribution to the future of Scouting
Benefits of a Charitable Bequest
Your estate planning attorney can include a provision in your will that leaves a lasting gift to the Dan Beard Council. Your bequest could be a gift of specific assets (such as a vehicle, artwork or a coin collection), a dollar amount, or a percentage of your estate. A bequest could also be made from the remainder of your estate or what is left after all gifts have been made to your heirs.
Some of the main benefits of Bequest giving are:
• It costs you nothing today
• A bequest is free of federal and estate tax.
• Your bequest can be changed later
• You can still benefit your heirs with specific gifts
• You can leave a legacy through a bequest
One type of bequest to consider is a bequest from your IRA. If you leave your IRA to your children, your heirs could face a significant tax. There are assets that can be left to your family that can produce little or no tax. By making a bequest of your IRA to the Dan Beard Council, the full proceeds can be free of tax. Talk with your estate planner to designate the Dan Bard Council as a beneficiary of your IRA.
Two examples of Bequest language to assist you and your attorney follow:
Bequest of a Specific Dollar Amount
“I hereby give, devise and bequeath ($XXXX) to Dan Beard Council, Boy Scouts of America, a nonprofit organization located at 10078 Reading Rd., Cincinnati, OH 45241, Federal Tax ID: 31-0536651, for Dan Beard Council, Boy Scouts of America’s general use and purposes.”
Bequest of a Percentage of an Estate
“I hereby give, devise and bequeath (Percentage of Your Estate) to Dan Beard Council, Boy Scouts of America, a nonprofit organization located at 10078 Reading Rd., Cincinnati, OH 45241, Federal Tax ID: 31-0536651, for Dan Beard Council, Boy Scouts of America’s general use and purposes.”
How Do I Make a Gift?
Some examples of how you might give follow – please contact your estate planning attorney for specifics. You may also contact Andy Zahn, Scout Executive/CEO, at Andy.Zahn@Scouting.org.
A Gift From Your Will
You designate the DBC as the beneficiary of your asset by will, trust or beneficiary designation form.
IRS Rollover
If you are 70.5 or older, you can use your IRA to make a qualified charitable distribution. It may also satisfy your RMD, if applicable.
Charitable Gift Annuity
You may transfer cash or your appreciated property to the DBC in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life.
Charitable Lead Trust
You fund a Trust that makes gifts to us for a number of years. Your family receives the trust remainder at substantial tax savings.
The James E. West Fellowship Award
James E. West was the first Chief Scout Executive of the Boy Scouts of America. The James E. West Fellowship Award recognizes individuals who contribute $1,000 or more in cash or securities to the Dan Beard Council’s Endowment. Individuals may contribute toward a fellowship in honor of someone else: an Eagle Scout, parent, graduate, Silver Beaver award recipient, Vigil Honor recipient, Scoutmaster, Cubmaster, retiree, volunteer or special loved ones including non-Scouters, youth or adults. Fellowships can also be provided “in memory of” a departed loved one, business associate or special Scouter.
Contributions to the Endowment through the James E. West Fellowship are never spent. Only the interest is used to further the programs and outreach of the Dan Beard Council. Donors may make cumulative gifts to reach the following levels:
Diamond Member
$15,000
Gold Member
$10,000
Silver Member
$5,000
Bronze Member
$1,000
Recognition includes a Uniform Knot with the appropriate gift designation pin and certificate.
Questions?
For more information on the Dan Beard Council Endowment and Planned Giving, please contact Andy Zahn, Scout Executive/CEO, at Andy.Zahn@Scouting.org.