Endowment
Encouraging gifts to the Western Los Angeles County Council endowment fund is one of our highest priorities. To endow means to provide or to equip. An endowment gift ensures that the Council can continue to offer the outstanding programs we now have and also grow to meet the needs of our youth and community.
For the donor, an endowment gift says, “Scouting is important to me and my family.” It says that Scouting truly is a movement with a mission for me. It’s more than an organization; it’s a way of life. It’s what we say and do in the spirit of the Scout Oath and Law.
Ways To Establish
An endowment may be established with gifts of cash, stock, real estate, bonds and other personal property of value. The authority to accept gifts is vested in the Board of Directors of the Western Los Angeles County Council. Endowment gifts may be established from a bequest in your Will. Further, an endowment may be established for the benefit of Scouting at your bank or trust company with the income payable to the Western Los Angeles County Council, Boy Scouts of America.
Tax Benefits
Donations for an endowment qualify for a charitable contribution deduction, and may, avoid capital gains tax. If the endowment is established through your Will, there may be a reduction of your state and inheritance taxes. The Western Los Angeles County Council, Boy Scouts of America is a nonprofit 501 (c) (3) community based organization. Tax ID 95-2788856. Contributions are tax-deductible to the full extent allowable by law.
To recognize such gifts, the Boy Scouts of America (BSA) offers national awards for donors and the Western Los Angeles County Council. National recognition items are presented by the Western Los Angeles County Council to those donors who qualify for these awards:
- The James E. West Fellowship Program
- Second Century Society
Second Century Society and James E. West Fellows will be recognized on the Heritage Society Wall of Legends at the Council Headquarters.