Encouraging gifts to the endowment fund is one of Scouting’s highest priorities. It is one of the best ways to ensure that the Cradle of Liberty Council can continue to offer the outstanding programs it now has long into the future and also grow to meet the needs of the youth and communities it serves.
Most of us have heard of the term endowment, but what does it really mean? An endowment is a fund is held in perpetuity to provide interest and dividend earnings for the benefit of a charitable cause. That is the textbook definition, but in reality, an endowment is the life preserver of a charitable organization. To be healthy and stable, Cradle of Liberty Council needs to meet its current operating budget, without exerting 100% of its energy on fundraising. 5% of the operating budget is provided from investment income. After all, our mission is not to raise funds, but rather to continue our strong movement and build a foundation that provides our youth with a quality, values-based program.
Endowment gifts come in many forms beyond an outright cash or stock gift. Many donors name the Cradle of Liberty Council as a beneficiary owner in the following:
Wills or codicils
Charitable trusts, such as Unitrust, annuity trusts, and lead trusts
BSA Gift Annuities or BSA Pooled Income Fund gifts
In its gratitude for such support, the Boy Scouts of America nationally offers two distinct endowment recognition awards which are all a part of the Heritage Society. The Cradle of Liberty Council presents these awards to donors who support Scouting’s financial future through gifts to the endowment.
Endowment Recognition & Societies
James E. West Fellowship
This award is named after James E. West who was the first Chief Scout Executive of the Boy Scouts of America. Dr. West exemplified Ralph Waldo Emerson’s observation that “an institution is the lengthened shadow of one man.” Scouting today is the “lengthened shadow” of more than three decades of the farseeing and dedicated leadership of Dr. James E. West. Those who are recognized by the James E. West Fellowship Award will cast their own “lengthened shadow” as they help ensure the Scouting legacy for future generations of young people and create the financial stability of the program for the Cradle of Liberty Council.
There are now four levels of the James E. West Fellowship Award, which is the national recognition for individuals who contribute $1,000, $5,000, $10,000 or $15,000 or more in cash or marketable securities to the Council’s Endowment Trust Fund. This gift must be in addition to – and not replace or diminish – the donor’s annual Friends of Scouting support. Many individuals and organizations make these gifts on behalf of someone else – such as in honor of an Eagle Scout, Silver Beaver recipient, Scoutmaster, Cubmaster, a retirement, a special accomplishment, or anniversary – or in memory of a special individual.
The James E. West Fellowship Award is recognized with a personalized certificate. In addition, a distinctive lapel pin ($1,000 -bronze pin, $5,000- silver pin, $10,000-gold pin, $15,000-diamond pin) and an exclusive knot for the uniform are presented at a special recognition program. The recipient will also be included in special Cradle of Liberty Council events and mailings in the future.
The Second Century Society individuals help ensure the Scouting legacy for future generations there is a call today for new visionary leaders to do the same. To qualify, an individual, company or an organization must contribute an outright gift $25,000 or more, payable over five years or a deferred gift of $100,000 to the Endowment Fund. These gifts can be in the form of cash, securities, land, five-year pledges, or other property that is easily converted to cash.
It is appropriate, therefore, that these visionaries be recognized as they help ensure the Scouting legacy for future generations of young Americans by securing the financial stability of the Boy Scout programs in the Cradle of Liberty Council into the future.
Donors making outright gifts of $100,000 or more are designated as “Members with Distinction”. Donors making deferred gifts of $500,000 or more are designated as “Legacy Members”
Members of the Second Century Society will receive a distinctive lapel pin, a knot for their uniform, and a personalized, certificate. A device on the lapel pin and knot will distinguish the level of giving.
The recipient will also be included in special Cradle of Liberty Council events and mailings.
$25,000 member level- lapel pin, knot and certificate
$100,000 member level – lapel pin, knot, certificate, framed Rockwell print and a custom Second Century insignia item
$500,000 member level- lapel pin, knot, certificate, limited edition framed Rockwell print and a custom Second Century insignia item
$1,000,000 member level – lapel pin, knot, certificate, premium framed Rockwell print and a custom Second Century insignia item