Contribute to the cause
When you consider your annual giving, please consider the NSC Fund for Play.
We are a registered 501(c)3 non-profit organization. Donations are used to directly impact our community.
By donating to NSC Fund for Play, your contributions will allow us to provide participation scholarships for under-served populations, improve the National Sports Center campus in an eco-friendly manner and support new programming. These are all ways for you to make a difference in our community.
For just $15 you can provide a scholarship for a local youth to try a sport in one of our learn-to programs.
Details of giving to NSC Fund For Play
How can I contribute?
You can contribute a gift of cash or marketable securities. You will receive an income tax charitable deduction, if made during the donor’s lifetime, or an estate tax charitable deduction, if the gift is made upon the donor’s death. Gifts can be made as a bequest in the donor’s will or revocable trust, or through a beneficiary designation.
Donations to the NSC Fund For Play are tax deductible and you will be provided with acknowledgment of your donation and a receipt.
Consider planned giving
Planned giving is a way for a donor to use one or more financial instruments, such as a will, beneficiary designation, or a trust, in order to leave money or assets during life or upon death. A second way is to invest money so that the donor receives income during his or her life, and then upon death or the end of a term of years, passes the remaining funds to the NSC Fund For Play.
National Sports Center
Attn: NSC Fund For Play
1700 105th Ave NE
Blaine, MN 55449
The information presented here is a general overview of charitable giving options. The actual deduction to a donor depends on many factors, including the donor’s adjusted gross income, the type of charity donated to, and the type of property/asset given. All donors should consult with their attorney, financial planner, or tax accountant prior to making substantial gifts, as the tax rules for charitable giving can be very complex.
What can I donate?
This is the most common asset to make as a charitable gift. Upon making the cash gift, you will receive an income tax deduction equal to the amount of the gift. Cash is deductible up to 50 percent of your adjusted gross income (AGI). A five-year carryover is available to any excess deduction made over 50 percent of your AGI.
Appreciated securities are the second most common asset to donate to charity. You can transfer securities to the NSC Fund For Play and then the Fund will sell the securities and use the proceeds for its programs. You will receive an immediate income tax deduction for the market value of the securities. You will avoid income tax liability for built-in capital gains on donated securities and the NSC Fund For Play will pay no capital gains on the sale of the securities because the Fund is a 501(c)(3) tax exempt organization.
If you own shares in a closely-held corporation, a limited-liability corporation (LLC), or an investment partnership, you may give your interest in the corporation (stock), LLC (membership units), or investment partnership interest to the NSC Fund For Play. The NSC Fund For Play, as the new owner of the business interest, may continue to receive a share of the profits of the business or may sell the shares/business interest to a third party, or back to the business entity. S-corporation stock can be given directly to a 501(c)(3) entity like the NSC Fund For Play because Congress has allowed a charity to be a “qualified shareholder” as defined under the tax code. However, a Charitable Remainder Trust (CRT) is not a qualified shareholder, so if S-corporation stock is contributed to a CRT the corporation will lose its S-Corporation status. A charitable lead trust, of structured as a grantor trust, may hold stock in an S-Corporation.
You can either name the NSC Fund For Play as a beneficiary of the policy insuring your life, or you can transfer ownership of the policy to the Legacy Fund. Upon your death, the insurance proceeds will be paid to the NSC Fund For Play. You will receive a charitable deduction for income tax purposes when the donor assigns all incidents of ownership of the policy to the Legacy Fund, or irrevocably designates the Legacy Fund as beneficiary. If you retain ownership of the policy and just name the Fund For Play as beneficiary but can revoke the beneficiary designation, then your estate will receive an estate tax charitable deduction at your death.
A retirement plan, like an IRA or 401(k), is the most tax-advantaged asset to give to the NSC Fund For Play. Why? Because the Fund, as a 501(c)(3) tax-exempt entity, will not pay income taxes on the retirement funds when it receives the funds, whereas the donor’s family will be subject to income taxes when they receive the retirement funds. The donor can give all or some of the retirement funds to the NSC Fund For Play.
Tangible Personal Property may also be used to give a charitable gift to the NSC Fund For Play. Examples include art work, automobiles, antiques, boats and the like. If the property is “related” to the exempt purpose of the Fund, the donor’s deduction will be the fair market value of the property, and is deductible up to 30 percent of the donor’s adjusted gross income (AGI), or 50 percent if a special election is made. If the property is unrelated to the exempt purpose of the NSC Fund For Play, then the deduction is limited to the donor’s cost basis and deducible up to 50 percent of the donor’s AGI.