Friends of Scouting
If you would like to set your unit's Family FOS Presentation, please contact your district executive listed below. Thank you for your continued support of Scouting.
Bayou District-Allison Cressoine
Cypress District- Paul Dauterive
Cataouatche District-Andrew Williams
Pelican District-Juan Prado
Fleur de Lis District- Todd Connor
If you have made a financial contribution, your employer may match your gift. Please let us know who your employer is and the Southeast Louisiana Council will research your company to get the match process going. We have over 800 companies listed that provide matching employee contributions.
Employers also make donations for volunteer hours served. If your company provides this please let us know.
You can download the flier explaining the Matching Gifts process along with links to employers who have been identified as making matching gifts through their organizations.
Tax-Free IRA Rollover Gifts Now Available!
The pension Protection Act of 2006 (H.R.4) is now law. It includes a modified version of the CARE Act – the long-promised legislation that allows donors to consider tax-free gifts from IRAs to Scouting and other charities.
Effective immediately, you may now withdraw money from an IRA – tax free – and use those funds to make your charitable gifts! Whether you’re considering a Friends of Scouting gift or a large gift to capital or endowment, the new law offers some great gift opportunities.
Here are some specifics:
You are limited to a total of $100,000 per year, per person, and distributions can be made from more than one IRA. So, a couple with separate IRAs can give a total of $200,000/year.
Tax-free gifts must be made from traditional IRAs or Roth IRAs – not from pension plans, stock option plans, etc.
A donor must be age 70 ½ or older at the time the gift is made.
IRA withdrawals and gifts should go directly to the local council or charity from the IRA plan administrator.
The IRA distribution to charity is not included in your income, but you will not receive a tax deduction for the gift.
Rollover gifts to charity will count toward the IRA’s annual Minimum Required Distribution requirements.
Rollover gifts must be outright gifts to charity – you may not use them to create a gift annuity, charitable remainder trust, or other deferred gift.
Tax-free IRA rollover gifts can only be made in 2006 and 2007.
Who will most benefit from the new tax-free IRA rollover gifts? In general, these gifts are best for donors who:
Do not itemize their deductions (about 75 percent of all taxpayers).
Have “maxed out” their deductions for the year (you can contribute and deduct more than your normal 50 percent AGI limitation).
Want to reduce their taxable income and also make generous gifts (IRA gifts aren’t subject to reductions or “phase-outs,” and may also reduce tax on other income such as Social Security).
Live in a state that doesn’t credit you for itemized deductions on your state income taxes.
You may choose to make an IRA rollover gift just because it’s easy! Ask your IRA plan administrator to withdraw the amount of your gift and distribute it directly to your BSA local council or other charities. Make sure he or she has a current address and / or bank transfer instructions for the BSA council or charity. Also, give your plan administrator enough time to complete the transfer before year-end. But it’s that simple.
You should discuss these gifts with your own family and advisors. IRA assets left in an estate are potentially hit with double taxation – both estate AND income taxes. Your IRA assets may be your most costly estate assets to pass on to heirs. So talk to your family and financial advisors. They’ll help you decide if IRA rollover gifts will meet your financial needs and objectives.
Thank you for your continued support of Scouting. Talk to your advisors about these new gifts, and please call the council office for more information about what your gifts can do for Scouting and the young people in your community.
Call Torrey Hayden or Tracy Jones at 504-889-0388 for more information.