Heritage Fund
The SASC Heritage Fund was established in 2010 to create a perpetual endowment fund for the SASC whereby, at some point in the future, our endeavors throughout the community could be largely supported by this Fund. The Heritage Fund is a Trust, managed by the Community First Foundation of Colorado, and funds in the trust cannot be utilized for any other purpose.
Our Heritage Fund Trust is perpetual, meaning that any distributions from the trust will never exceed an amount that could reduce the principal. Each year, if we so elect, the Foundation will allow up to 4% of the amount of the trust to be distributed to the organization for its use. In this manner, our Heritage Fund is being both professionally managed, and our endowment is ensured against misuse or over-withdrawal. However, we must meet a threshold of $100,000 before any distributions can be taken out.
Please make the most generous donation you can today to ensure that Colorado can experience Scottish culture and heritage for generations to come. No amount is too small. If you are able, please consider becoming a monthly supporter or think of the Heritage Fund when you start your estate planning.
Donations are tax deductible; can be made out to the SASC Heritage Fund and sent to the Executive Director below; or you can also make donations by following the donation links via PayPal on the right side of this page.
For further information, contributions, ideas and thoughts; please contact:
Larry Hay
Executive Director
SASC Heritage Fund
10601 Timberdash Ave.
Highlands Ranch, CO 80126
303-960-8305
HeritageFund@ColoradoScots.com
You can learn more about the Community First Foundation at their website: www.CommunityFirstFoundation.org
Other Ways To Give
Estate Planning
Individuals may elect to leave a portion of their estate to the SASC Heritage Fund. Please send us an email at HeritageFund@coloradoscots.com to get the necessary information to do this.
Qualified Charitable Distribution
If you’re age 70½ or older, did you know you can donate a qualified charitable distribution (QCD) tax-free from an IRA directly to a qualified charity? If you are older than 73, a QCD can be used to meet all or part of your required minimum distribution (RMD) for your IRA, and you don’t have to include that distribution in your Federal taxable income.
If you have accumulated significant assets in retirement and are subject to required minimum distributions (RMDs), a QCD can greatly reduce your taxable income. These QCDs cancel out RMDs, reducing your taxable income while enabling you to support the causes you care about. In 2024, individuals may make annual QCDs up to $105,000. If both partners in a married couple have sufficient funds in their respective IRA accounts, they can collectively donate up to $210,000 using this method.
*Monthly and Annual Donation requires a PayPal account.
