Achieving success in international shooting sports requires years of training, thousands of targets, millions of rounds of ammunition, and elite level coaching. As the National Governing Body for international shooting sports in the United States, USA Shooting is responsible for these and many other support services that allow our U.S. athletes to bring home the gold. To date, US Shooters have won over 90 Olympic medals and the sport is ranked third in total U.S. medals won behind track, field and swimming.
Winning medals and being successful on the international level is an expensive proposition. USA Shooting is currently funded by individuals, corporations, and organizations committed to providing the resources that athletes need to be successful. USA Shooting would like to invite you to join this elite group of benefactors that has made a commitment to leaving a legacy for future champions.
By participating in the USA Shooting Planned Giving Program, you not only reap financial benefits for yourself and your family, but you also help to perpetuate the American tradition of winning in international shooting sports.
Listed below are the Planned Giving options offered by USA Shooting. All Planned Giving options offer tax benefits to you and your estate. Additionally, all giving options can be tailored to meet your needs and goals in your financial planning.
Gifts of Cash
Cash is the most popular--and simplest--way to make a gift. Your gift is immediately available to support our programs, and every dollar you give is deductible in the year you make the gift; just make sure your gift is completed by December 31st to receive the proper tax deduction.
Gifts of Appreciated Securities
Gifts of appreciated securities are the most popular type of outright property gift. In this case, the donor transfers the securities to USA Shooting and then USA Shooting has the option of keeping the securities or of selling the securities to fund programming. Securities are often individual stocks, but may include bonds or shares of mutual funds. For appreciated property held long-term, the full fair market value of securities given to charity is generally deductible. The value of the stock--and the amount of your charitable deduction--is the average of the highest and lowest selling prices on the date of the gift. A charitable gift of securities is not considered a sale of the securities and does not result in any capital gains tax.
Gifts of Life Insurance
One of the simplest gifts to give is the gift of life insurance. The donor can designate USA Shooting as the beneficiary of the policy and, at the time of the donor's death, when the proceeds of the policy are paid to USA Shooting as the beneficiary, the donor's estate would receive a charitable deduction. However, to receive a current federal income deduction the donor would need to designate USA Shooting as both the owner and the beneficiary of the policy. (If premiums are still due on the policy, they are the responsibility of the donor.) When such a gift is made, the deduction will be approximately equal to the cash value of the policy at the time of the gift.
Gifts of Personal Property
Gifts of personal property generally range from antiques to artwork to jewelry and book collections. These items are transferred to USA Shooting and USAS may choose to hold the property and display it or use it in the furtherance of its mission. USAS may also elect to sell the property at some point in the future and use the proceeds for programs. The full market value of such assets is generally deductible provided the gift asset is used for our charitable exempt purpose.
Gifts of Real Estate
In the case of real estate, residential, commercial or undeveloped real estate interests may be transferred to USA Shooting. USA Shooting may then utilize the land/facilities for programs or USAS may sell the interests and use the proceeds. The donor generally avoids capital gains taxes and the full market value of the property is usually deductible as a charitable contribution.
Gifts of Retirement Assets
Giving retirement assets is a simple process that can lead to great results for both the donor and the recipient. In the giving of retirement assets, the donor names USA Shooting as the beneficiary on their IRA, 401(k) or other qualified plan. Any residual left in the plan when the donor passes is given to USA Shooting.
Bequests
Bequests are an easy way to leave a lasting legacy. Through a bequest, the donor creates a provision in their will or revocable trust to designate a gift to USA Shooting. The gift may be made in any form--cash, securities or property. Additionally, the donor can designate if the gift is restricted or unrestricted and if USA Shooting receives the whole item or a percentage thereof.