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AMERICAN FOOTBALL COACHES ASSOCIATION & AMERICAN FOOTBALL COACHES FOUNDATION. 2002 AFCA Annual Convention Michael V. Bourland Michelle Coleman-Johnson Bourland, Wall & Wenzel, P.C. Fort Worth, Texas. AFCA/AFCF VISION OUR GOALS.

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AMERICAN FOOTBALL COACHES ASSOCIATION &AMERICAN FOOTBALL COACHES FOUNDATION

2002 AFCA Annual Convention

Michael V. Bourland

Michelle Coleman-Johnson

Bourland, Wall & Wenzel, P.C.

Fort Worth, Texas


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AFCA/AFCF VISIONOUR GOALS

  • To provide for education of American football coaches to better serve the public through

    • role modeling and character development for young men and women

    • enhancement of their technicalskills and coaching capabilities


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AFCA/AFCF STRUCTUREOUR LINE-UP

  • To provide funding for the American Football Coaches Association & the American Football Coaches Foundation in a number of different ways


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AFCA/AFCF STRUCTUREOUR LINE-UP

  • The American Football Coaches Association is a tax exempt trade association

    • Contributions to the AFCA do not qualify for an income tax charitable deduction to the donor


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AFCA/AFCF STRUCTUREOUR LINE-UP

  • The American Football Coaches Foundation is a publicly supported, tax exempt charity

    • Contributions to the AFCF qualify for income tax charitable deduction for donor

    • Revenue generation activitiesshould be structured tomaintain publicly supported charity status of AFCF


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AFCA/AFCF STRUCTUREOUR LINE-UP

  • The Rule

    • More than 1/3 of total support must come froma broad representationof the “public”.

    • Reviewed by IRS over theinitial 5 year period and on a4 year moving average thereafter.


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AFCA/AFCF STRUCTUREOUR LINE-UP

  • What is “public” support?

    • Includes contributions of many kinds and bequests under wills from a broad range of contributors.


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AFCA/AFCF METHODOUR GAME PLAN

  • Gift of Cash to AFCF

    • AFCF has immediateuse of cash

    • Donor receives incometax charitable deductionequal to cash gift


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AFCA/AFCF METHODOUR GAME PLAN

  • Gift of Appreciated Property - real estate, stock, other property - to AFCF

    • AFCF has immediate use of asset

    • Donor receives income tax charitable deduction equal to asset’s value

    • Donor does not pay income tax on the property’s increased value


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AFCA/AFCF METHODOUR GAME PLAN

  • Bequest in Will

    • Donor names AFCFas beneficiary in Will

    • Bequest not subject totax in donor’s estate

    • Bequest can be cash,real estate or other property


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AFCA/AFCF METHODOUR GAME PLAN

  • Life Insurance

    • Donor owns life insurancepolicy and names AFCF asbeneficiary

    • AFCF receives policyproceeds upon donor’s death

    • Proceeds not subject to tax in donor’s estate


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AFCA/AFCF METHODOUR GAME PLAN

  • Life Insurance (continued)

    • Donor names AFCF owner of life insurance policy

      • Donor makes annual cash gifts to AFCF for premiums and receives income tax charitable deduction

      • AFCF receives policy proceeds upon donor’s death

      • Proceeds not subject to tax in donor’s estate


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AFCA/AFCF METHODOUR GAME PLAN

  • Retirement plan benefits/IRA

    • Donor names AFCF as beneficiary of RetirementPlan Benefits/IRA

    • AFCF receives benefitsupon donor’s death

    • Benefits not subject to taxin donor’s estate


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AFCA/AFCF METHODOUR GAME PLAN

  • Charitable Remainder Trust

    • Donor creates and gifts propertyto trust

    • Income tax-exempt trust providesannual payment to donor for life

    • AFCF receives trust assetsupon donor’s death

    • Trust assets are not subject totax in donor’s estate


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AFCA/AFCF METHODOUR GAME PLAN

  • Charitable Lead Trust

    • Donor creates and gifts property to trust during donor’s life

    • Income taxable trust makes deductible annual payments to AFCF for term of years

    • Donor’s family receives trust assets at end of AFCF’s payment term

    • Trust assets not subject to tax in donor’s estate


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SUMMARYFINAL SCORE

  • With the proper implementation of our Game Plan

    • AFCA and AFCFmeet their goals.

    • Donors receivecharitable taxdeductions for giftsto AFCF.


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