A gift to our council’s memorial/tribute fund is a thoughtful way to express respect, gratitude, and sincere affection. Your gift honoring a loved one, friend, and others in times of sadness or joy will enrich the lives of the thousands of youth served by our council.
Gifts made in honor of family and friends at times such as Mother’s Day or Father’s Day, the birth of a child or grandchild, or a birthday, wedding, anniversary, or other notable occasion can be gifts of love that show how much you care.
Consider These Possibilities
Take a few moments to think about the best ways to make your gifts in memory or honor of others.
Gifts of cash: Gifts of cash and by check are the most popular methods of tribute giving. Such gifts are convenient and can be tax deductible.
Other property: Tribute gifts may also be funded with assets such as stocks, bonds, and mutual funds that have increased in value. You not only receive regular tax savings, but you also entirely avoid the capital gains tax on qualified assets given for charitable use. This extra benefit is one reason a growing number of people choose to make tribute gifts using property rather than cash. Call our office if you have questions about making these types of gifts; 661-325-9036.
A Living Legacy
Consider the following ways to leave a legacy of your own or in memory of a special friend or loved one:
- A gift included in your will or living trust can establish a lasting legacy.
- A gift of excess retirement funds, such as pension plans or Individual Retirement Accounts (IRAs), may allow you to give more, while eliminating taxes that may otherwise largely deplete these assets.
- A gift of life insurance that has fulfilled its original purpose may offer excellent tax benefits. Policies that you purchased to protect a loved one who no longer needs that protection can be an excellent way to make a gift in honor of that person.
- A gift that provides an income can be a tax-effective way to provide you and/or someone else you designate with regular payments for life or other period of time. Check with us or your advisors for more information.
A gift made in any of these ways will serve as your tribute to Scouting or to honor special loved ones.