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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

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
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
afca afcf structure our line up
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
afca afcf structure our line up4
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
afca afcf structure our line up5
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
afca afcf structure our line up6
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.
afca afcf structure our line up7
AFCA/AFCF STRUCTUREOUR LINE-UP
  • What is “public” support?
    • Includes contributions of many kinds and bequests under wills from a broad range of contributors.
afca afcf method our game plan
AFCA/AFCF METHODOUR GAME PLAN
  • Gift of Cash to AFCF
    • AFCF has immediateuse of cash
    • Donor receives incometax charitable deductionequal to cash gift
afca afcf method our game plan9
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
afca afcf method our game plan10
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
afca afcf method our game plan11
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
afca afcf method our game plan12
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
afca afcf method our game plan13
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
afca afcf method our game plan14
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
afca afcf method our game plan15
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
summary final score
SUMMARYFINAL SCORE
  • With the proper implementation of our Game Plan
    • AFCA and AFCFmeet their goals.
    • Donors receivecharitable taxdeductions for giftsto AFCF.