The United States Kerry Blue Terrier Club Charitable Funds, Inc. was established in September of 2002. The goal of the USKBTC Charitable Funds (a 501c3 charitable organization and therefore contributions are tax exempt) is to provide, in perpetuity, a safe, secure means for breeders, exhibitors, owners, and friends to contribute financial support for education, health and genetic research, and rescue efforts for Kerry Blue Terriers.
The Charitable Funds is independent of the USKBTC Board of Governors, but linked to our governing board through interlocking directorates. This arrangement assures that the Charitable Funds will be a permanent giving option to the Kerry fancy, but will be buffered from the ebb and flow of fancier personalities and politics.
The Board of Directors of the Funds has established four funds directed to the betterment of the Kerry Blue Terrier. These funds are:
1)Rescue Fund – this fund supports grants used to provide Kerry Blue Terrier rescue services.
2)Health and Genetics Fund – this fund makes grants in support of research in areas of health and genetics of particular importance to the Kerry Blue Terrier.
3)Education Fund – the education fund supports education of all those interested in the Kerry Blue Terrier including publications, websites, and seminars.
4)General Fund – donations to this fund are used to support the work of the other funds through internal grants to those funds. Gifts that are no designated are placed in the General Fund to be used as needed to serve the breed.
In addition to the four permanent funds , two memorial funds have been established in memory of Kerry fanciers…one in memory of Hank Friscone and the Machaven Memorial Fund in memory of Dr. Roger Macha. While these members have been gone for sometime for those who knew them they can be recognized by giving to these funds. Any money donated will be placed in the General fund.
The Board of Directors is planning a significant fund drive and will be seeking the support of Kerry Blue fanciers worldwide to support the important work of furthering the health and well being of the Kerry Blue Terrier.
The Board urges you to volunteer to help with fund raising, as well as making a contribution yourself. There are a number of ways to give and any donations would be appreciated. If you have a question, a Board member will be happy to work with you.
The members of the Charitable Funds Board of Directors are Linda Phesant (Treasurer), Julee Manahan (Governor), John Garahan (Governor), Carl C. Ashby (Governor). Their contact information is available in the Membership List.
Visit Charitable Funds on the USKBTC Website. Click on the Charitable Funds banner on the home page and you will be taken to more information. For your convenience, you can contribute to specific funds, on the website. Just click on “Donation” listed on the home page of the USKBTC website, and it will take you to a choice of donation categories.
Donations and/or bequests to any charitable organization should not be made without considerable research into the entity to which the donation is going to be made.
Insurance Contributions to Charitable Funds
Do you have a life insurance policy you no longer need? Possibly life insurance doesn’t have the financial significance for your family that it once did. Perhaps your other assets have grown to provide the protection you require, and the insurance policy lies forgotten in a safety deposit box. Did you know that the policy could make a wonderful charitable gift to the United States Kerry Blue Terrier Charitable Funds?
An important but often times over looked role of life insurance is the one it can play in planned charitable giving. Consider the following options:
Name the United States Kerry Blue Terrier Charitable Funds as owner and beneficiary of an existing policy.
By doing so you may claim an immediate tax deduction equal to the lesser of the cash surrender value of the policy or the premiums paid. Additional premiums paid after the transfer may be deducted as a charitable contribution.
Name the United States Kerry Blue Terrier Charitable Funds as owner and beneficiary of a new policy.
Annual policy premiums are deductible as a charitable contribution.
Name the United States Kerry Blue Terrier Charitable Funds as a beneficiary or successor beneficiary of a new or existing policy.
You can name the United States Kerry Blue Terrier Charitable Funds as a revocable beneficiary and retain ownership of the policy. You will not be entitled to a charitable contribution deduction. However, the proceeds of the policy are removed from your taxable estate at your death.
Name the United States Kerry Blue Terrier Charitable Funds as a beneficiary or successor beneficiary of a group-term life insurance policy.
There is no charitable income tax deduction, but there may be income tax benefits to such an arrangement.
Life insurance allows you quite a bit of creativity in making charitable gifts. And your gift can be used to establish a future endowment in your name, or you may honor someone else. The policy could also be used to assist in capital projects of simply as an unrestricted gift.
If you would like more information on a gift of life insurance to benefit the Charitable Funds please contact Carl Ashby.
