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Scout
Executive’s Minute:
If
you believe, like I do that Scouting changes lives then
I am asking for your assistance. There are two things
maybe three you can do in the next few weeks to make
all the difference.
First,
ask a young person to join. When was the last time you
asked a friend or
co-worker if their child was in Scouting? What about
the boy or girl (Venturing) next door? Ask your religious
leader to start a unit at your house of worship. Put
up a Scouting poster at the post office, grocery store
or gas station.
Second,
please record all of your unit’s service projects on
the Good Turn for America. Scouting’s detractors have
no argument in the face of your “daily good turns.”
Just call the office if you need assistance with this
process. It is really simple and extremely important
to keep Scouting’s image strong.
And
yes, lastly, as you guessed money. Remaining financially
sound as a organization is the lifeblood of Scouting.
If you have already made your Friends of Scouting pledge,
thank you it truly is appreciated. By some chance, you
haven’t been asked, you are now. You might want to bring
some friends out to the Clay Bird shoot or buy popcorn
as a holiday gift for your family or employees.
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| “Your Retirement Can Be A Gift to Scouting” |
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Like most individuals, you have probably given some thought to what you will do for retirement income. A lot of thought. And again, like most individuals, you probably didn't know how you could make a large gift to Scouting and get extra retirement income at the same time. But you can!
A BSA retirement trust is just a form of the popular charitable unitrust. It can be created easily with cash, stocks, bonds, or land that you already own. You place the property into the trust and receive income and tax deductions usually based on the full fair market value of the property. If your gift was appreciated property, you also avoid capital gains tax. You decide who receives the income, the amount of income, when you want to start receiving the income, and how long the trust will last. When the trust ends, your local council receives the trust property.
Of course, these trusts aren’t limited to retirement income. They can be created at any time, for any reason. Contact Patrick S. Wedding, Scout Executive at 655-7107 or 800-321-7107 or e-mail for more information about the BSA retirement trust, and how you, your family, and Scouting will all benefit. You’ll see that these income trusts are a real gift to retirement planning.
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