KSRA Foundation

The Kansas State Rifle Association (KSRA) Foundation was designated in 2000 by the Internal Revenue Service (IRS) as a 501 (c)(3) public charity for the purpose of raising funds to support legal sport shooting programs in Kansas. Initially the funds were directed towards juniors, but the focus has since been expanded to include other shooting activities. The KSRA Foundation raises funds, invests them, and makes the income from those investments available to the KSRA Grants Committee to support shooting programs primarily for juniors and women. Examples of activities receiving funds include the support of travel of B.B. Gun teams to national competitions and juniors to Intermediate and Advanced Olympic Shooting Camps, shooting events of Boy Scouts, Women on Target programs, collegiate trapshooting clubs, 4-H Regional and State Shooting Championships, exposing inter-city youth to shotgun shooting, supporting hunting events for handicapped individuals, and the likes.

The KSRA Foundation Board of Directors is an elected non-paid body that voluntarily undertakes and supervises the activities of the Foundation. The Foundation has no paid staff. The Directors have engaged The Trust Company of Manhattan to oversee the Foundation’s investments and expedite the receipt of bequests, gifts of stocks and bonds, and handle donations of real estate and other property of value. Funds are raised through direct mail, auctions of guns and sporting equipment, and gun raffles. Donations to the Foundation serve as charitable tax deductions for donors, to the full extent allowed by the IRS, and provide vital funds to carry on shooting traditions cherished by the donors.

The postal address of the Corporate Office of the KSRA Foundation is P. O. Box 392, Norton, KS 67654-0392. The Federal Tax I.D. Number of the KSRA Foundation is 48-1229269.

KSRA Foundation information Brochure

The 2011 Officers and Directors of the KSRA Foundation are:

ANNUAL REPORT OF THE KSRA FOUNDATION - 2010

R. J. Robel, Chairman

The Kansas State Rifle Association (KSRA) Foundation is recognized by the Internal Revenue Service (IRS) as a 501 (c)(3) public charity (contributions to it are deductible on tax returns to the extent allowed by IRS). The Foundation was created 10 years ago for the specific purpose of raising funds for the promotion and support of shooting sports in Kansas. The Foundation has its Corporate Office in Norton, Kansas (P. O. Box 392, Norton, KS 67654-0392) and is governed and operated by a 6-person Board of Directors, each of whom receives no compensation for their services. Names of the Foundation Board of Directors and Officers are listed at the KSRA Foundation link on the KSRA WEB Site (www.ksraweb.org). Funds are raised through auctions of guns and sporting equipment, via direct mail solicitations of KSRA members, and raffles of firearms and shooting accessories. The funds generated by these activities are invested by The Trust Company of Manhattan. Currently the Trust Company is managing a $265,000 investment portfolio for the KSRA Foundation. The earnings from these investments are made available to the KSRA Grant Committee to support junior shooters and shooting competitions, women’s shooting activities, and other shooting-related programs in Kansas.

In recent years Foundation funds have partially supported Junior Olympic training camps, travel of juniors to International B.B. Gun Championships, the training of Hunter Education and Law Enforcement Shooting instructors, the conduct of a ‘shotgun and muzzle loading camp-out’ for a Boy Scout Troop, the activities of collegiate trap shooting teams, a deer hunt for physically challenged youth, women-on-target events, and expenses associated with individuals engaged in Camp Perry, U.S.A. Shooting, and Junior Olympic shooting competitions. During 2010, the Foundation budgeted $7,000 to support these types of activities.
In 2010, a multi-gun raffle and a direct mail solicitation for contributions from the KSRA membership were the Foundation’s primary fund raising programs. Both were successful. The gun raffle was held in the spring in cooperation with CZ-USA. The raffle netted approximately $19,000 for the Foundation. Contributions still are being received as a result of a mailing to the KSRA membership in the fall, but to date, the solicitation has grossed slightly over $25,000 for the Foundation. A significant portion of these funds will be transferred to The Trust Company of Manhattan early in 2011, and thus increase the size of the investment portfolio that the Trust Company is managing for the Foundation.

The Annual Meeting of the KSRA Foundation will be held on 6 February 2011 in Abilene, Kansas. During that meeting elections will be held to fill Board of Directors and Officer positions, and fund raising plans will be finalized for the year.

The Foundation has five membership categories to recognize different contributor levels, i.e., CHARTER, BENEFACTOR, FOUNDER, SUSTAINING FOUNDER, AND LEGACY CIRCLE members. The Foundation gratefully acknowledges the support of each of the special category members by listing their names here.

CHARTER MEMBERS (Contributions of $250 to $499)

BENEFACTOR MEMBERS (Contributions of $500 to $999)

FOUNDER MEMBERS (Contributions of $1,000 or more)

SUSTAINING FOUNDER MEMBERS ($1,000 initial contribution + $1,000 annually)

LEGACY CIRCLE MEMBERS (total contribution of $15,000 or more)

KANSAS STATE RIFLE ASSOCIATION FOUNDATION
JUNE 2011 Update

R. J. Robel, Chairman

The Board of Directors of the Kansas State Rifle Association (KSRA) Foundation met in Overland Park, Kansas on 3 June 2011 in conjunction with the 4-5 June 2011 KSRA Annual Meeting. After receiving reports from its Officers, the Board focused on the results of its 2011 gun/reloading raffle, reviewed the performance of its investment portfolio being managed by The Trust Company of Manhattan, and made plans for additional fund-raising activities for 2011.

The Foundation’s 2011 raffle was co-sponsored by Hornady Manufacturing Company and Sturm Ruger Firearms. These two companies provided prizes for the raffle gratis, or at greatly reduced prices. The Foundation is deeply indebted to each for their generosity. An April mailing to the KSRA membership allowed all members to participate in the raffle. Over 500 individuals made donations totaling slightly over $25,000 to obtain raffle tickets, and the raffle netted about $20,000 for the Foundation. Approximately 3,000 tickets were in the drawing that took place during the 2011 KSRA Annual Meeting. The names of the winners of the 23 prizes that were available in the raffle are listed at the end of this report. The Foundation Board of Directors thanks each and every person who participated in this project.

The KSRA Foundation was designated by the Internal Revenue Service as a 501 (c)(3) public charity in 2000 for the sole purpose of creating a permanent funding source for legal shooting activities in Kansas. Funds raised by the Foundation are invested by The Trust Company of Manhattan, and the earnings from those investments are made available to the KSRA Grant Committee. Currently the Trust Company oversees a $325,000 investment portfolio for the Foundation. Thus far this year the KSRA Grant Committee has used Foundation support to partially fund a ‘Wild Women’ shooting program, a youth rifle/pistol/black powder shooting event, a Women On Target program, a Boy Scout Troop shotgun camp out, and a shooting program for an underprivileged youth group, plus provide funds to defray some of the costs of Kansas BB Gun teams and air gun shooters traveling to National Championships. The Foundation budgeted $8,000 for use by the KSRA Grant Committee in 2011. As the investment portfolio of the Foundation grows, the amount of money available to support these and other shooting programs will increase.

The Foundation plans to conduct a direct mail solicitation for funds from the KSRA membership in October and November 2011. We trust that you will respond generously to the appeal. Readers of this report are reminded of the opportunity to become Charter, Benefactor, Founder, or Sustaining Founder members of the Foundation, by making a tax deductible contribution of $250, $500, $1,000, or $1,000 annually, respectively, to the Foundation.

The names of the winners, and their prizes, in this year’s Foundation raffle are listed below:

1st Prize Ruger O/U Red Label 12 ga. shotgun - Robert Wellman

2nd Prize Ruger Gunsite Scout rifle, .308 Win. - Larry R. Ochs

3rd Prize Ruger M77 Hawkeye rifle, .270 Win. - H. G. Jones

4th Prize Ruger Vaquero revolver, .45 Colt - Dan R. Ricketts

5th Prize Hornady Lock-N-Load progressive press - Don M. Farmer

6th Prize Ruger Mark III 22/45 pistol, .22 LR - Robert Harmon

7th Prize Hornady Lock-N-Load Classic press & kit - T. W. Decker

8th Prize Ruger 10/22 Carbine rifle, .22 LR - Rodney Wren, Sr.

9th Prize Hornady Lock-N-Load powder measure - Sherian J. Moore

10th Prize Hornady Cam-Lock case trimmer - Lowell Scripture

11th through 15th Prizes Hornady Reloading Handbooks, 8th Edition - Kelly Parks, Roger L. Robinson, Jerry Clarkson, Dennis L. Harper, and Bruce Burditt

16th through 20th Prizes Hornady Reloading videos by Joyce Hornady - Jeff H. Bryan, Randy Kempke, Paul E. Brucken, Rodney Wren, Sr., and Myrna Limback

21st through 23rd Prizes Hornady caps personally signed by Steve Hornady - Shane Kinter, Patricia Neumana, and John Young

Congratulations to each of the winners, and to every person who donated to the cause, and helped make the Foundation’s 2011 raffle a huge success.

Seven “Less Taxing” Ways to Make a Gift to the
Kansas State Rifle Association Foundation

There is no better time than now to review your financial and estate plan to ensure your family’s goals are being met. Supporting the Kansas State Rifle Association Foundation by making a planned gift can be an effective way to support the shooting sports for generations to come, while receiving financial benefits and/or saving taxes.

Eight of the most common types of gifts are:

1.  Cash Contributions: Contributions to the Foundation made prior to the end of the year are deductible from taxable income in 2009 (subject to IRS limitations).

2.  Bequests: You can name the Foundation in your Will or Trust as a fixed amount or a percentage of your estate, and the bequest may reduce the federal estate tax or state inheritance tax liability of your estate.

3.  Appreciated Assets: Donate stocks, bonds or real estate, and avoid capital gains taxes on these assets.

4.  Paid-Up Life Insurance Policies: When your family responsibilities decrease and your policies are no longer critical to their well-being, use them to support the Foundation’s work.

5.  Retirement Plans: Tax-deferred IRA and 401K plans may be extremely vulnerable to high income and estate taxes. Naming the Foundation as a beneficiary may reduce these taxes and allow you to leave other assets to heirs.

6.  Charitable Lead Trust: A charitable lead trust would generate funding for the Foundation until the time comes to transfer the remainder of the fund to your heirs. In the meantime, taxes can be minimized.
      
7.  Charitable Remainder Trust:  A charitable remainder trust can provide lifetime income to you or your heirs, along with some tax benefits. When the income payout period ends, the remainder of the trust flows to the Foundation.

Gifts to the Foundation should be designated to “The Kansas State Rifle Association Foundation”.  If you have any questions about setting up an endowment through the Foundation, please contact Robert Robel at 785-532-6644, or one of the other Foundation board members.

Estate Planning Brochure

We recommend that you consult your tax, legal or financial advisors before making estate planning decisions.