In our 30th year of conservation success the South Carolina Waterfowl Association (SCWA) Board of Directors has taken a major step toward securing a bright future for SCWA: the creation of the SCWA Foundation, a new nonprofit entity with the sole purpose of supporting SCWA conservation and education programs.
You might wonder, why does SCWA need to form a supporting Foundation. There are two reasons:
The first is liability. The SCWA Foundation will hold and invest SCWA Endowment assets. Over the years these assets will grow to a significant number. The SCWA Endowment committee has set an endowment funding goal of $10 million dollars and are working hard to achieve this goal. The formation of the Foundation provides a layer of protection for these endowment funds in the event that SCWA is sued. The SCWA Board of Directors also recognizes its fiduciary responsibility to protect the assets of SCWA and the funds that donors contribute to the SCWA Endowment.
Second, the SCWA Foundation gives us a structured way to manage permanent gifts. Donors can restrict their gift for a specific SCWA program use. Donors can also decide how much of their gift can be used on an annual basis by SCWA. The Foundation allows you to give a tax deductible gift for the general support of SCWA or to endow specific programs such as Camp Woodie or Camp Leopold scholarships, wood duck nest box programs, waterfowl habitat development projects, building maintenance or staff positions.
A donor can make two types of gifts to the SCWA Foundation. These include current gifts and bequests ( planned gifts). A current gift is given by living donors and a bequest (planned gift) is given after the donor dies. Gifts can include cash, stock, real estate, art work or personal property. SCWA has retained Winton Smith who is one of the top estate planning attorneys in the country to help donors with their estate planning at no charge to the donor. Winton prides himself in providing sound estate planning advice which helps people leave more money to the people they love and the causes they care deeply about.
To kick off the current giving portion of the SCWA Endowment the SCWA Board of Directors has created the Camp Woodie Legacy Society. Members of the Camp Woodie Legacy Society are the founding members of the SCWA Endowment and pledge to donate a total of $30,000 to the endowment over a period of one to three years. I am excited to report SCWA is half way toward reaching our goal of $1 million in current gifts. Seventeen people have joined the Camp Woodie Legacy Society in just 18 months pledging a total of $510,000 to the SCWA Endowment.
For the first three years of the SCWA Foundation all endowment assets will be reinvested to grow the SCWA Endowment according to a Board approved investment policy being implemented by Morgan Stanley. Starting in 2020 the Foundation will annually donate 3 to 5 percent of the endowment assets to support SCWA conservation and education programs.
If you are interested in making a donation to the SCWA Endowment, please contact David Wielicki, email@example.com, 803-452-6001 (O), 803-600-8979 (C). Your consideration of support is greatly appreciated.
SCWA Endowment Committee Chairman