Leaving A Legacy M E T H O D S O F G I V I N G AT R O D E O A U S T I N
updated 10/2020
Your Gift to Promote Youth Education
A community tradition for 80 years, Rodeo Austin is committed to growing the next generation. That common goal of helping the youth of Texas is shared by many and remains an important mantra to live by. As you make decisions about how you want to leave your legacy, please remember Rodeo Austin. One of Texas’ most beloved and established charities, Rodeo Austin is a superb choice for leaving gifts of many types and sizes. When you invest in Rodeo Austin, you are investing in the youth of Texas, and a better future for our country. By giving to the organization, you can also enjoy benefits for yourself. Whether you are looking to give a gift right now or you are interested in leaving a gift after your lifetime, Rodeo Austin has a giving plan that can fit your legacy objectives. Gift Planning with Rodeo Austin can be a profoundly rewarding way to express your interests and benefit both yourself and your deeply loved charity.
“What a blessing to receive such support to help me achieve my dream of becoming a veterinarian. I am amazed how much Rodeo Austin cares about its scholars. I will do my best to make you proud.” Carling Urben, 2012 Scholar at Sam Houston State University
“The incredible generosity of Rodeo Austin has forever impacted my life by making my dream of attending college possible. I am forever grateful for this scholarship” Dane Rivas, 2015 Scholar at Texas Tech University
“The Rodeo Austin Scholarship provides me the means not only to pursue my education financially, but also gives me the resources and connections to launch me into the future.” Jason Edmondson, 2016 Scholar at Texas A&M University
Scholarship Program Rodeo Austin is proud to feature the Scholarship Program as the shining star of the overall youth giving plan. Rodeo Austin works year-round to raise funds for the Scholarship Program, so that each year, a new class of students can receive funding for their college education.
Who benefits Students from all walks of life benefit from Rodeo Austin Scholarships. These recipients have proven themselves academically and within their community, meeting high standards set by Rodeo Austin. Scholars over the years have gone on to pursue diverse careers in the areas of medicine, law, agriculture, business, the arts and more.
The selection process Rodeo Austin partners with select colleges, universities and educational organizations in Texas. Each entity is granted a specific number of scholarships to award. They then review applicants and choose those who meet the scholarship requirements set by Rodeo Austin.
The qualifications The foremost element determining selection is substantial financial need. Most of the students come from household incomes of $75,000 or less per year. Without a scholarship, college is just a dream for many of our students. Rodeo Austin Scholars must also be standout academic achievers. Ranked in the top of their high school class and A average students, recipients must maintain at least a 2.5 GPA while in college to continue receiving funds. Finally, the applicants must display community involvement. National Honor Society, FFA,
band, theater and service organizations are just a few of the activities scholars have historically participated in. Most continue their involvement in service organizations and hone their leadership skills while in college.
The impact Since its inception more than 35 years ago, Rodeo Austin’s Scholarship Program has awarded $8.7 million in scholarships to more than 2,400 students. In many cases, the financial support provided is undeniably the number one determining factor in whether or not that student can attend college. Equally as important, students know that a group of donors and supporters believe in their abilities. That support and responsibility helps them excel in college and in turn complete successful careers and live fulfilling lives.
Educational Partners
Total Scholarship Giving 1981-2020 $9,000,000
$8.7 MILLION
$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
1981
2020
Leaving a Legacy The Story of the Smith Endowment
Rodeo Austin boasts 42 endowment funds established to honor loved ones or organizations, and to leave a legacy in perpetuity. During Rodeo Austin’s 75th Anniversary year, the Smith Family created an endowment in memory of the late Niley J. Smith, and as a living legacy for Stephen Smith. Mr. Smith’s generous endowment helped the Rodeo Austin endowment reach and exceed the historic $1 million mark. The Smith
family story is in no doubt similar to many of those who support the mission. Niley J. Smith graduated from Texas A&M University in 1938 with a degree in Agriculture. His love for the university was well known by friends and family. The Smith Family Farm is a part of The Family Land Heritage Program, which honors farms and ranches that have been in continuous agricultural operation by the same family for 100 years or more. These deep agricultural roots make it most appropriate for the Smith Family to provide this memorial and living legacy through Rodeo Austin. Stephen Smith was drawn to the organization because the program, especially the Texas A&M College of Veterinary Medicine scholarship, represents their family’s interest in the rural community. “It is an honor and privilege to have the opportunity to help Rodeo Austin reach this Scholarship Endowment milestone,” Smith said, “This is certainly a great way to give back to a school that my father loved very much.”
Endowment Trust Growth $3,000,000
$2.75m
$2,500,000
$2,000,000
$1,500,000
$1.3m
$1,000,000
$931k $720k
$500,000
$336k $20k
$523k
$238k
$0
1983
2020
CURRENT GIFTS AFTER LIFETIME GIFTS
THE GIFT
THE DETAILS
THE GOAL
Endowment
Permanent fund in your name
Provide funding for th Fund in perpetuity
Cash
Donation to Scholarship Fund in amount of your choice
Make an impact quick
Securities
Publicly held stocks, bonds, mutual funds
Avoid capital gains tax
Real Property*
Home, land, commercial property, oil and gas interests
Generate tax benefits property gift
Retained Life Estate
Real Estate
Give a gift of real estat maintain lifetime use
Tangible Property
High value items such as an art collection or fine jewelry
Save on capital gains t collectibles
Life Insurance
Life insurance policy
Make a gift without us assets
Bequests
Cash, securities, real estate*
Control your assets du lifetime
* Rodeo Austin may liquidate donations in the form of real estate, oil & gas interests, tangible property, etc., to
THE PLAN
THE BENEFIT
Create a customized giving plan that sets up a minimum gift of $25,000
Tax deductible; lifetime of impact
kly and simply
Write a check, provide a credit card or make an electronic transfer
Tax deductible; immediate impact
x
Transfer your securities to Rodeo Austin
Tax deductible; no capital gains tax
Donate your property to Rodeo Austin
Tax deductible; no capital gains tax; burden of ownership removed
te now, but
Give your property to Rodeo Austin, but retain the right to use the property during your lifetime
Tax advantages; lifetime use of property
tax for
Donate item(s) with a cumulative value of at least $1,000
Tax deductible
sing current
Designate Rodeo Austin the beneficiary of all or part of your life insurance plan
Tax advantages
uring your
Designate Rodeo Austin as a beneficiary of specific items Tax deduction; revocable in your will or living trust
he Scholarship
through a
convert to cash for long term investment.
Endowment
Endowed awards are a great way to establish a long-term gift, and are a way to honor someone who cares about Rodeo Austin by continuing their passion for Promoting Youth Education Preserving Western Heritage. A Rodeo Austin Endowment is a contribution of at least $25,000. Once the award is established, the endowment is monitored by the Scholarship & Endowment Committee of Rodeo Austin. The principal of the contribution will remain intact and is invested in perpetuity; annual earnings from investments help fund scholarships.
The Details Establish a permanent fund in your name that will benefit the Scholarship Program in perpetuity.
The Goal Honor your family name while permanently extending the life of your gift.
The Plan Create a customized giving plan with the Rodeo Austin Gift Planning Department to meet your goals and establish a minimum gift of $25,000. Payment and installment plans can be set up to meet your giving goals.
The Benefit Your tax deductible donation provides a lifetime of giving in your name.
Top 5 Endowments: Austin Endowment Society ...................................... $255K Wayne & Jo Ann Moore Foundation ........................ $110K Christine & Roger J. Engemoen Endowment ............................................................... $95K Robert Sneed Endowment ......................................... $66K Niley J. and Stephen W. Smith Endowment ............................................................... $55K
Cash
The Details Make a straightforward donation to the Scholarship Fund in the amount of your choice.
The Goal Make an impact on the lives of Texas youth today quickly and simply.
The Plan Contact the Gift Planning Department to write a check, provide a credit card, or make an electronic transfer. You can also visit RodeoAustin.com and click Get Involved then Donate.
The Benefit It’s tax deductible, plus it makes an immediate impact.
Securities The Details
Rodeo Austin accepts donations of your publicly held stocks, bonds and mutual funds.
The Goal Transfer an asset while avoiding capital gains tax.
The Plan
Real Property The Details
Donate your home, land, commercial property, vacation home, or oil and gas interests.
The Goal You want to generate tax benefits through a property gift.
The Plan
Transfer the securities of your choice to Rodeo Austin’s name and account.
Contact the Gift Planning Department to discuss your property and learn about program stipulations.
The Benefit
The Benefit
Achieve a tax deductible donation while avoiding a capital gains tax.
Relieve yourself of the burdens of ownership while receiving an immediate charitable income tax deduction and bypass capital gains tax.
Retained Life Estate Tangible Property The Details
The Details
Real Estate that you currently use and maintain can be gifted to Rodeo Austin while you still utilize the property.
Consider donating items in your possession that you may not have a use for anymore, but may have a high value such as an art collection or fine jewelry.
The Goal Give the gift now, but maintain a lifetime of use.
The Plan Give your property to Rodeo Austin, but retain the right to use the property during your lifetime. Much like now, you will still be responsible for the maintenance, taxes and insurance, but your taxable estate will be greatly reduced. Contact the Gift Planning Department to discuss your property and learn about our limitations.
The Goal Provide a donation with your physical items while potentially saving on capital gains tax for collectibles.
The Plan Contact Rodeo Austin to discuss your donation. Some limitations to this type of donation may apply, including a minimum cumulative value of $1,000 for donated item(s).
The Benefit
The Benefit
Experience a reduction in taxable estate now, but continue your use of the property for life.
Save on storage bills and experience an immediate charitable tax deduction on your income tax.
Life Insurance The Details Did you know that you can donate all or a portion of your life insurance pay out to Rodeo Austin? Many people find this a simple way to benefit their favorite charity without taking away assets now.
The Goal Make a gift without using current assets.
The Plan Designate Rodeo Austin as a beneficiary in full or in part to your life insurance plan. Be sure to notify the Gift Planning Department of your plans.
The Benefit Use a future asset to provide for Rodeo Austin charity while experiencing tax advantages.
Bequests The Details A bequest is a donation that is left in a will. This donation can be in the form of cash, securities, real estate, or tangible property as long as each specific item adheres to Rodeo Austin Gift Planning policies. You can also donate a specific percentage of your entire estate to benefit the charity mission.
The Goal With a bequest gift, you can control your assets during your lifetime and still provide a substantial gift to Rodeo Austin.
The Plan Contact the Gift Planning Department to discuss your gift plans. Once a gift is decided upon, work with your attorney to include the gift in your will or living trust. The following is example language that you and your attorney can consider: I give, devise and bequeath to Rodeo Austin, a non-profit corporation organized in accordance with the laws of the State of Texas for the purpose of supporting Rodeo Austin, located in Austin, Texas the following described property: ________________________. The property comprising this gift may, for investment purposes, be merged with any of the general investment assets of Rodeo Austin, but the gift shall be entered in the organization’s books and records as the ________________________ Fund and shall always be so designated.
The Benefit Your estate will receive a charitable estate tax donation and should you ever change your mind, your will or living trust can be updated to reflect your new wishes.
Rodeo Austin does not provide legal, tax, or financial advice. Consequently, we urge you to seek the advice of your own legal, tax, or financial professionals in connection with gift and planning matters. This brochure is not intended or written to be used, and cannot be used for the purpose of avoiding tax-related penalties.
Thank you for your interest in donating to Rodeo Austin. Please contact the gift planning deparment to discuss the possibility of a future gift. A gift planning representative will meet with you and your family to further explain the details of each program and develop a customized giving plan based on your individual legacy goals.
Rodeo Austin | 9100 Decker Lake Road | Austin, TX 78724 (512) 919-3000 | www.RodeoAustin.com