• Donations & Contributions
It is not easy nowadays to decide which cause to donate money, properties or any type of assets to. FEA does not claim to be the best entity to donate when one wants to support an individual, entity, or any horse-related cause; however, FEA is the only one known to use specific financial strategies to ensure all donations get the maximum results lasting for a long time - actually, endlessly in some cases. Here are some of the highlights related to your donations:
· You choose the discipline and the cause you want to support;
· You decide if all the funds are to be used for a specific purpose or for assignment by the Foundation;
· You can allocate your donation for specific use or allocate any portion to different causes, related or not to the equestrian world;
· You can request distribution of a portion of your donations to any 501(c)(3) entity (when allowed by Law);
· Large donations are managed using accelerated endowments;
· All donations are tax deductible, as per IRS regulations. For insight on this year's tax season, read: "Six IRS Tips for Year-end Gifts to Charity"
• Types of Donation & Contribution
Pretty much any type of funds and assets may be used to support FEA's mission, including but not limited to: cash, check, online, wire transfer, endowments, properties, hard assets, discounts on products/services, transferable tax credits, any type of real estate properties, inheritance, insurance policies, precious metals, cars, trucks, golf carts, trailers, RV, farm/ranch/horse equipment, etc.
To facilitate the process, we have divided potential donations & contributions into six categories:
NOTE: An exciting first in the industry: horseshow managers/promoters can now get tax credits for unused stalls and services offered at their shows. Read more...
|• Benefits to Donors & Contributors
Some of the possible benefits:
· Sense of well-being in supporting a good cause
· Tax deductible (depending on nature of financial support and contributor’s tax situation)
· Professional review of each case to ensure maximum benefits from each donation
· 95% to 100% of your donation goes to beneficiaries (compared to the national average of 15%)
· Potential access to VIP & special zones at major events
· Invitation to special events
· Legacy through endowments + transferable benefits
· Your donations may be matched by a third party
· Special benefits resulting from asset & property donations
||• Who Can Donate or Contribute
· Riders, their parents, relatives, or friends
· Companies & corporations
· Trust funds
· Non-profit entities
· Equestrian equipment providers
· Sport-related associations
· Equestrian events
· Apparel, tack, food & supplements providers
· Transportation service provider
· Owners (of horses, barns, equipment, etc)
· Equine professionals: trainers, farriers, vets, mentors and others
· Service or product providers
An endowment is a very common way to support a good cause and it represents the main channel FEA is being supported. As an example, there are over 70 U.S. universities with over $1 billion in endowments, the largest being Harvard with well over $30 billion. Endowments are ideal when a donor does not only want to fund current needs, but also wishes the gift to be preserved and used long after he/she is gone, to assure a perpetual income stream that will support a specific area of interest, create a lasting legacy and make a statement about what is important to that donor.
Each donation & contribution requires special handling and documentation as well as different legal & IRS considerations. To find out more and discuss the details, please contact:
Resource: IRS position is explained with all the details in Publication 526
• Disclaimer: The Foundation for Equestrian Athletes (FEA) is authorized by the State of Florida to publically solicite contributions. FEA is also officially recognized as a tax-exempt Public Charity under section 501(c)(3) of the internal Revenue Code. Your donation(s) will be TAX DEDUCTIBLE according to IRS regulations as per IRS 501c3 rules explained in Publication 526, but is totally depending on your own financial and tax situation. While FEA has attempted to make the information on this website as accurate as possible, the information is provided in good faith without any express or implied warranty. The purpose of our website is to provide information about what we do. FEA does not prefer any one organization or entity to another, and it is not responsible for the information listed on any entity's website, or any disseminated information either verbal or written. We are not making any promisses of performance or results. We are not financial advisors and nothing on this website should be construded or interpreterd as an offer for investment. This site is operated for informational purposes only.
A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling toll-free within the State. Registration does not imply endorsement, approval, or recommendation by the State. Please contact the Florida Division of Consumer Services directly at 1-800-HELP-FLA (435-7352) or visit their website www.FloridaConsumerHelp.com