Boy Scouts of America Trust Fund

The Boy Scouts of America Trust Fund is a nonprofit organization dedicated to supporting the mission and programs of the Boy Scouts of America (BSA). Established as part of the BSA's commitment to youth development, the Trust Fund plays a crucial role in providing financial support for both operational needs and long-term initiatives.

Overview

• EIN: 91-6257790
• Location: Denver, Colorado, United States
• Type: 501(c)(3) nonprofit organization
• Mission: To provide financial resources that enhance the BSA's ability to deliver character development, citizenship training, and personal fitness programs for youth.

Functions and Programs

The Trust Fund supports a variety of functions within the BSA, including:

• Endowment and Capital Needs: The Trust Fund helps secure funds necessary for long-term investments in BSA infrastructure and programming, ensuring sustainability for future generations of scouts.

• Operational Support: It provides immediate financial support to local councils and scouting programs that require funding for activities, events, and community engagement initiatives.

• Trust Services: The organization offers trust services to donors, allowing them to establish charitable trusts that benefit scouting initiatives while managing the complexities often associated with such contributions.

Financials

As a public charity under IRS regulations, contributions to the Boy Scouts of America Trust Fund are generally tax-deductible. The Trust Fund accepts various forms of gifts, including:

• Cash
• Stock and marketable securities
• Real estate
• Life insurance policies
• Charitable remainder trusts

The flexibility in gift acceptance allows a broad range of supporters, including individuals, corporations, and foundations, to contribute to the development of youth programs across the nation.

Governance

The Trust Fund is governed by a board of directors who oversee its activities, ensuring compliance with applicable laws and regulations, and guiding its strategic direction. The board is responsible for ensuring that the Trust Fund aligns with the overall mission of the Boy Scouts of America and effectively allocates resources to meet the needs of the scouting community.

Impact

The Boy Scouts of America Trust Fund has significantly influenced countless young lives through its support of Scouting programs, which focus on instilling values such as responsibility, leadership, and community service. By facilitating access to financial resources, the Trust Fund helps ensure that Scouting remains an integral part of youth development in America.

Recent Developments

In the wake of significant challenges, including public scrutiny and legal issues related to past abuse claims, the Boy Scouts of America has undertaken extensive reforms. The establishment of a settlement trust signals the organization’s commitment to accountability and the support of survivors, highlighting the Trust Fund's role in navigating these complex issues while maintaining its mission to support youth.

The Boy Scouts of America Trust Fund continues to adapt to the changing landscape of youth organizations, ensuring that it meets the evolving needs of the communities it serves.