The Boys & Girls Club of Oshkosh is part of a national movement that has served our nation’s youth since 1860 when the first Club was formed in Hartford, Connecticut. Since then, the Movement has grown to serve more than 4.6 million youth annually in some 4,000 Boys & Girls Clubs across the country.
The Movement’s commitment to its mission and to good stewardship is reflected in donor investment. In its latest “Philanthropy 400” report, The Chronicle of Philanthropy ranked Boys & Girls Clubs as No. 12 among all non-profit organizations and No. 1 among youth organizations for the eleventh consecutive year. The ranking is based on the organization’s ability to raise substantial gifts from individuals, foundations and corporations.
The Boys & Girls Club of Oshkosh is currently in its 42nd year of operation. We serve over 4,000 local youth through our 12 sites throughout the community.
A Boys & Girls Club provides:
- A safe place to learn and grow
- Ongoing relationships with caring, adult professionals
- Life-enhancing programs and character developing experiences
- Hope and opportunity
While today’s youth face many challenges, Boys & Girls Clubs continue their long tradition of offering proven solutions that work. Clubs have provided youth with daily, guidance-oriented character development programs, firmly establishing a reputation as “The Positive Place for Kids.” Our mandate is clear: Build upon this success to reach out and serve more youth. Our community’s future depends on it.
Endowment Fund Purpose and Goals
The purpose of our endowment is to provide a stable funding source that will be under the control and discretion of the Boys & Girls Club of Oshkosh.
The Club’s endowment fund is held in trust by the Oshkosh Area Community Foundation and is professionally managed locally under the direction of the Club’s Planned Giving Committee.
Generally, unrestricted gifts to the endowment are added to the general endowment fund and a limited portion of the income from this fund is used annually to support the operations of the Club. Larger gifts may be restricted by agreement between the donor and the Club for specific, ongoing use – such as one of our five core program areas, building maintenance or scholarships — and may be named to honor the donor, his or her family or some other worthy honoree.
Making a Gift
The Boys & Girls Club of Oshkosh is a 501(c)3 charitable organization. Gifts to our endowment qualify for charitable deductions under both the Federal Income Tax and the Federal Estate and Gift Tax laws.
- An outright gift of cash or securities. For gifts of cash, you are entitled to an income tax deduction up to 50% of your Adjusted Gross Income (AGI) with a five-year carry-over period for any excess. For gifts of long-term appreciated securities, the limit is 30% of AGI, and you will avoid the capital gain tax that would have applied had you sold them. Click here for Stock Transfer Instructions.
- An outright gift of real estate or other property. Most real estate has appreciated faster than the rate of inflation and offers great potential in charitable gift planning. A tax deduction for the fair market value of the property is permitted up to 30% of AGI and, again, you will avoid the capital gain tax.
- A gift of a personal residence or farm with a retained life estate. It is possible to transfer ownership of your personal residence or farm to the Boys & Girls Clubs while retaining the use of the property during your lifetime. You receive a current income tax deduction for property’s discounted value.
- A life income gift to the Boys & Girls Club. You can receive a lifetime income, in addition to various tax benefits, from making a gift to one of our life-income plans. For instance, you will receive a current income tax deduction for the present value of the eventual gift, subject to the same contribution ceilings mentioned above, and you may reduce or eliminate the capital gains tax on long-term appreciated assets. On the death of the income beneficiary (you and/or another person), the Boys & Girls Club will have use of the funds to further its programs. Life income plans include:
- A Charitable Gift Annuity
In exchange for a gift of cash or securities, we will agree to pay you a fixed annual income for your lifetime, backed by the assets of Boys & Girls Clubs of America. This income may start now or at a later date, such as retirement. The rate of the annuity is based on the ages of the annuitants, you or another person. You will incur no immediate capital gain on the transfer of appreciated securities and part of your annuity payment will be tax-free.
- A Charitable Remainder Trust
We are happy to work with you and your financial advisers to create an individual income arrangement that suits your unique circumstances. For example, you may choose a fixed or fluctuating payment, the rate of income, and many other features to suit your particular needs. You will incur no capital gain tax on the initial transfer of long-term, appreciated securities or real estate into the trust.
- A Charitable Gift Annuity
- A gift of a new or existing life insurance policy. Many people have life insurance policies that that exceed their current needs. Such policies can be given to the Boys & Girls Club and an income tax deduction can be taken for the cash surrender value. Plus, the annual premiums on a new or existing policy given to the Foundation irrevocably may also be tax deductible.
- A gift of an income stream. You can provide annual payments to the Boys & Girls Club from a pool of income-producing assets – a Charitable Lead Trust – that later will be returned to you or distributed to your heirs. This plan which allows you to transfer assets to family members at a reduced value while providing meaningful support to our mission for a number of years and receiving a current tax deduction.
- A gift in your will or living trust. A simple charitable bequest can provide very meaningful support to our mission as well as reduce the amount of estate and inheritance taxes paid. Bequests may be specific, proportional, or residual in nature. Click here for Sample Bequest Language.
- A gift of retirement benefits. Naming the Boys & Girls Club as primary, partial, or contingent beneficiary of your retirement plan is a simple, practical gift idea. See your personnel office for the proper forms. Through the end of 2009, donors over age 70½ are permitted to transfer to charity up to $100,000 per year directly from an IRA without counting it as income on their Federal Income Tax. Click here for IRA Rollover Information.
- Creative Combinations of the above gifts. For instance, life income gifts may be established through your will or living trust, giving you the flexibility to change your mind during your lifetime and yet providing a substantial charitable estate tax deduction for taxable estates.
For additional information or to arrange a confidential gift planning consultation, without obligation, contact:
Boys & Girls Club of Oshkosh
501 East Parkway Avenue
PO Box 411
Oshkosh, WI 54903-0411
Phone: (920) 233-1414
Fax: (920) 233-1816
To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.
Education and Career Development provides opportunities for career exploration, educational enhancement and tutoring
Character and Leadership Development encourages a member to become a responsible, caring citizen.
Health and Life Skills are initiatives to help youth achieve and maintain healthy, active lifestyles
The Arts help young people enhance self-expression and creativity. They provide exposure to and develop skills in crafts, and visual, performing, and literary arts.
Sports, Fitness and Recreation programs help provide fitness, a positive use of leisure time, reduction of stress, appreciation for the environment, and social and interpersonal skills.
Our Core Promise
To America’s Youth
To provide a safe, positive place and to have a significant impact on their lives.
To the Nation
To uphold high ethical standards, especially in overseeing our finances, reporting data on membership and community outreach, being good stewards of the donor dollar, and representing ourselves to the public.