Endowment & Planned Giving
Encouraging gifts to the endowment fund is one of Scouting's highest priorities. It is one of the best ways to ensure that the Atlanta Area Council can continue to offer the outstanding programs it now has long into the future and also grow to meet the needs of the youth and communities it serves.
Most of us have heard of the term endowment, but what does it really mean? An endowment is a fund is held in perpetuity to provide interest and dividend earnings for the benefit of a charitable cause. That is the textbook definition, but in reality an endowment is the life preserver of a charitable organization. To be healthy and stable, the Atlanta Area Council needs to meet its current operating budget, without exerting 100% of its energy on fundraising. 10% of the operating budget is provided from investment income. After all, our mission is not to raise funds, but rather to continue our strong movement and build a foundation that provides our youth with a quality, values-based program. For more information on planned giving visit www.bsagiftplan.org or contact Andrew Reale, Major Gifts Director at 770-956-3182.
In its gratitude for such support, the Boy Scouts of America nationally offers three distinct endowment recognition awards which are all a part of the Heritage Society. The Atlanta Area Council presents these awards to donors who support Scouting's financial future through gifts to the endowment.
Endowment Recognition & Societies
The James E. West Fellowship
This award is named after James E. West who was the first Chief Scout Executive of the Boy Scouts of America. Dr. West exemplified Ralph Waldo Emerson's observation that "an institution is the lengthened shadow of one man." Scouting today is the "lengthened shadow" of more than three decades of the farseeing and dedicated leadership of Dr. James E. West. Those who are recognized by the James E. West Fellowship Award will cast their own "lengthened shadow" as they help ensure the Scouting legacy for future generations of young people and create the financial stability of the program for the Atlanta Area Council.
The James E. West Fellowship Award is a national recognition for individuals who contribute $1,000 or more in cash or marketable securities to the Council's Endowment Trust Fund. This gift must be in addition to and not replace or diminish the donor's annual Friends of Scouting support. Many individuals and organizations make these gifts on behalf of someone else such as in honor of an Eagle Scout, Silver Beaver recipient, Scoutmaster, Cubmaster, a retirement, a special accomplishment, or anniversary or in memory of a special individual. The James E. West Fellowship Award is recognized with a personalized certificate. In addition, a distinctive lapel pin and an exclusive knot for the uniform are presented at a special recognition program. The recipient will also be included in special Atlanta Area Council events and mailings in the future.
Second Century Society
An outright gift of $25,000 or more payable over five years,or a deferred gift of $100,000 or more,to a local council,BSA Foundation, high-adventure base,or any BSA entity for operating, capital,or endowment. Donors making outright gifts of $100,000 or more are designated as “Members with Distinction.” Donors making deferred gifts of $500,000 or more are designated as “Legacy Members.” Members in these categories receive special recognition and opportunities provided by the BSA Foundation. Second Century Society members are recognized with a member lapel pin and certificate. Members giving at least $100,000 also receive a framed Rockwell print and a Custom Second Century insignia item.
President's Leadership Council
Gifts of $1,000,000 or more to or through the BSA Foundation payable over five years, as part of an advised fund, designated fund, trust, or other Foundation fund structure allow the giver to become part of the President's Leadership Council. . Gifts may be designated to benefit local councils, high-adventure facilities, or other BSA entities. Recognition is personalized and custom at this giving level.
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