American Football mentors affiliation

Presentation Transcript

AMERICAN FOOTBALL COACHES ASSOCIATION & AMERICAN FOOTBALL COACHES FOUNDATION 2002 AFCA Annual Convention Michael V. Bourland Michelle Coleman-Johnson Bourland, Wall & Wenzel, P.C. Fortress Worth, Texas

AFCA/AFCF VISION OUR GOALS To accommodate training of American football mentors to better serve people in general through part demonstrating and character improvement for young fellows and ladies upgrade of their specialized aptitudes and guiding abilities

AFCA/AFCF STRUCTURE OUR LINE-UP To give financing to the American Football Coaches Association & the American Football Coaches Foundation in various distinctive ways

AFCA/AFCF STRUCTURE OUR LINE-UP The American Football Coaches Association is a duty absolved exchange affiliation Contributions to the AFCA don't meet all requirements for a wage assess beneficent finding to the contributor

AFCA/AFCF STRUCTURE OUR LINE-UP The American Football Coaches Foundation is an openly upheld, impose excluded philanthropy Contributions to the AFCF fit the bill for money charge altruistic conclusion for benefactor Revenue era exercises ought to be organized to keep up freely bolstered philanthropy status of AFCF

AFCA/AFCF STRUCTURE OUR LINE-UP The Rule More than 1/3 of aggregate bolster must originate from an expansive representation of "the general population". Inspected by IRS over the underlying 5 year time span and on a 4 year moving normal from that point.

AFCA/AFCF STRUCTURE OUR LINE-UP What is "open" support? Incorporates commitments of numerous sorts and estates under wills from an expansive scope of patrons.

AFCA/AFCF METHOD OUR GAME PLAN Gift of Cash to AFCF has prompt utilization of money Donor gets wage charge magnanimous finding equivalent to money blessing

AFCA/AFCF METHOD OUR GAME PLAN Gift of Appreciated Property - land, stock, other property - to AFCF has quick utilization of advantage Donor gets wage impose altruistic derivation equivalent to resource's esteem Donor does not pay assess on the property's expanded esteem

AFCA/AFCF METHOD OUR GAME PLAN Bequest in Will Donor names AFCF as recipient in Will Bequest not subject to charge in contributor's home Bequest can be money, land or other property

AFCA/AFCF METHOD OUR GAME PLAN Life Insurance Donor claims disaster protection approach and names AFCF as recipient AFCF gets strategy continues upon benefactor's demise Proceeds not subject to assess in giver's home

AFCA/AFCF METHOD OUR GAME PLAN Life Insurance (proceeded with) Donor names AFCF proprietor of extra security arrangement Donor makes yearly money endowments to AFCF for premiums and gets wage assess beneficent reasoning AFCF gets strategy continues upon benefactor's passing Proceeds not subject to assess in giver's domain

AFCA/AFCF METHOD OUR GAME PLAN Retirement arrange benefits/IRA Donor names AFCF as recipient of Retirement Plan Benefits/IRA AFCF gets benefits upon giver's passing Benefits not subject to assess in contributor's home

AFCA/AFCF METHOD OUR GAME PLAN Charitable Remainder Trust Donor makes and blessings property to trust Income charge absolved trust gives yearly installment to giver to life AFCF gets trust resources upon benefactor's passing Trust resources are not subject to charge in contributor's home

AFCA/AFCF METHOD OUR GAME PLAN Charitable Lead Trust Donor makes and endowments property to trust amid benefactor's life Income assessable trust makes deductible yearly installments to AFCF for term of years Donor's family gets trust resources at end of AFCF's installment term Trust resources not subject to impose in benefactor's home

SUMMARY FINAL SCORE With the correct execution of our Game Plan AFCA and AFCF meet their objectives. Benefactors get altruistic expense conclusions for endowments to AFCF.