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 2010 Officers and Directors of the KSRA Foundation are:

FOUNDATION UPDATE JULY 2010

ANNUAL REPORT OF THE KSRA FOUNDATION - 2009
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 in 2000 to raise funds for the promotion and support of shooting sports in Kansas. It is governed and staffed by a 6-person Board of Directors, each of whom receives no pay for their services. Funds raised by the Foundation are invested, and the earnings from those investments are available for funding of events and activities recommended by the KSRA Grants Committee. In the past the Grants Committee has used Foundation funds to support youths participating in NRA Junior Air Gun competitions, International B.B. Gun Championships, Junior Olympic training camps, and the Nationals at Camp Perry. Additionally, funds raised by the Foundation have supported Women On Target events, Pass-It-On programs for youths, defrayed expenses of collegiate trapshooting teams, helped pay for a deer hunt for physically challenged youth, and a ‘shotgun camp-out’ for a Boy Scout Troop.
The KSRA Foundation had a successful 2009. A multi-gun raffle in the spring netted approximately $10,000. Our fall solicitation of the KSRA membership brought in over $25,000, and probably netted $20,000 or so. At the end of 2009, the assets of the Foundation amounted to approximately $240,000. The majority of the Foundation’s assets are contained within an investment portfolio managed by the Trust Company of Manhattan. The investments in that portfolio have recovered from the 2008-2009 market downturn and currently are valued at $212,017. The Foundation’s Board of Directors expresses its deep appreciation to each contributor ..... every donation, be it large or small, is deeply valued. A sincere thanks to each of you who donated to the cause. Without your personal dedication, the Foundation could not accomplish what it has done in the past, and plans to do in the future.

During 2009, the Foundation approved all of the requests for funds submitted to it by the KSRA Grants Committee. We anticipate being able to make another $5,000 to $7,000 available to the KSRA Grants Committee for shooting activities in 2010.
The Annual Meeting of the KSRA Foundation will be held on 24 January 2010 at the Mike Murphy & Sons shooting facility near Augusta, Kansas. During that meeting the budget for 2010 will be adopted and plans will be finalized for the Foundation’s 2010 fund-raising activities ---- probably to include another multi-gun raffle and a solicitation of contributions from the KSRA membership. Additionally, Officers of the Foundation will be elected and two expiring Board positions will be filled.
In the past, the Foundation had four membership categories to recognize different contributor levels, i.e., CHARTER, BENEFACTOR, FOUNDER, and SUSTAINING FOUNDER members. This year a fifth membership category (LEGACY CIRCLE) was created to recognize those individuals or entities contributing a total of $15,000 or more to the Foundation. During 2009, eleven individuals became CHARTER MEMBERS of the Foundation, and several upgraded their memberships from CHARTER to BENEFACTOR, BENEFACTOR to FOUNDER, or FOUNDER to SUSTAINING FOUNDER status. And, two individuals entered into the ranks of the new LEGACY CIRCLE category. The Foundation gratefully acknowledges each of its 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)

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.