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Tag: endowment accounts

SSSF Contributes Over $180,000 to MidwayUSA Foundation Team Endowment Accounts

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Scholastic Shooting Sports Foundation contributed $181,400 to the MidwayUSA Foundation on May 31, benefiting the team endowment accounts of 88 scholastic shooting teams from 21 states.

The funds were awarded to teams at SCTP and SPP shooting events this year. A total of $109,800 of the donated funds went to 40 SCTP teams, while $71,600 benefits 48 SPP teams.

SSSF will make endowment funds available for teams to earn at numerous other tournaments this year, including the SCTP-SPP National Team Championships next month. A total of $468,000 in endowment funds will be on the line at that event, July 13-18.
Teams are awarded endowment funds through their participation in sanctioned shoots. SSSF, which administers the SCTP and SPP, contributes the funding to the MidwayUSA Foundation Team Endowment Account Program on behalf of the teams. Active teams, like the 88 that will benefit from this donation, are eligible to draw a grant each year to assist with team expenses, such as ammunition, range fees, travel, uniforms, and more.

The MidwayUSA Foundation helps communities and organizations raise funds to support their high school, college, and other youth shooting teams and activities. This donation brings youth involved in shooting sports closer to sustainable support.

For more information on the MidwayUSA Foundation or to set up an account for your team, visit www.midwayusafoundation.org.

Larry & Brenda Potterfield Donate Over $700,000 to SSSF in April

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Larry and Brenda Potterfield, owners of MidwayUSA, donated $717,875 to the Scholastic Shooting Sports Foundation (SSSF) on April 15 to allow SSSF to support new and existing youth shooting teams. The funds will be used by SSSF as donations to team endowment accounts at the MidwayUSA Foundation.

“The continued generosity of Larry and Brenda Potterfield to the youth shooting sports is unmatched,” said Ben Berka, SSSF President and Executive Director. “With this gift from the Potterfields, the Scholastic Shooting Sports Foundation will be making donations to team endowment accounts at the MidwayUSA Foundation throughout the year.”

Scholastic Clay Target Program (SCTP) and Scholastic Pistol Program (SPP) member teams are eligible to earn these endowment funds through shooting competitions and SCTP- or SPP-sponsored fundraising programs. These fundraisers enable teams to raise awareness in their local communities while raising money, both to use now and to grow their endowment accounts.

Teams are eligible to withdraw a portion of the funds in their endowment accounts each year to use for equipment, travel, ammunition, uniforms, and other team expenses. Teams can learn more about setting up an endowment account and how to apply for annual grants at www.midwayusafoundation.org.

Larry and Brenda Potterfield are Founding Life Diamond Members of the Champion’s Roundtable, which recognizes donors who have made major contributions to the SSSF mission. They are also Charter Members of the SSSF Legacy Society, which honors donors who have included SSSF in their estate plans through deferred gifts. For more information on MidwayUSA, visit their website, www.midwayusa.com.

Help MidwayUSA Foundation Create a Tagline

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MidwayUSA FoundationIf you are an active team with the MidwayUSA Foundation, they want your help! The growth of the Team Endowment Account Program has been phenomenal, but they want to offer their financial assistance to even more teams. In an effort to continue branding the MidwayUSA Foundation and support more teams, they want to develop a tagline and are asking for your ideas.

A tagline is a short phrase (5-7 words) that can quickly explain or clarify what an organization does. In their case, MidwayUSA Foundation offers sustainment funding to youth shooting teams across the nation. Submit your suggestions to MidwayUSA Foundation by March 9, 2015, and if they choose your team’s suggestion, the Foundation will add $1,000 to your Team Endowment Account.

Remember, the tagline should help people to quickly understand what MidwayUSA Foundation does.

Click here to offer your ideas for a tagline.

SSSF Donates $246,500 to MidwayUSA Foundation

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MidwayUSA Foundation logoThis week, Scholastic Shooting Sports Foundation made a donation of $246,500 to the MidwayUSA Foundation, Inc. The funds were deposited into the endowment accounts of 75 member teams of the Scholastic Clay Target Program and Scholastic Pistol Program representing 26 states.

The money was earned by the teams through participation in recent SCTP and SPP regional shoots. Of the total contribution, $216,500 was deposited into SCTP teams’ accounts and $30,000 went to SPP teams’ accounts.

This week’s donation brought SSSF’s total MidwayUSA Foundation contributions for 2014 to $1,751,645. SSSF has funded accounts for 273 teams in 40 states this year.

The purpose of the MidwayUSA Foundation endowment program is to provide sustained financial support for youth shooting teams. Teams with an endowment account are able to draw a grant each year to use for team expenses. SSSF regularly makes endowment funds available for SCTP and SPP events and contributes them to participating teams’ endowment accounts at the MidwayUSA Foundation. Since 2011, SSSF has donated funding to several hundred team endowment accounts across 48 states.

Apply for MidwayUSA Foundation Grant by December 15

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MidwayUSA Foundation logoIf your team has an endowment account with a balance of any amount with the MidwayUSA Foundation and you haven’t yet received a grant this year, you have until December 15 to apply for a grant for up to 5% of your account balance.

Grant funds can be used for team expenses such as ammunition, travel, uniforms, range fees, and more. The funds cannot be used for firearms purchases or political lobbying.

SSSF regularly makes endowment funds available for SCTP and SPP events and contributes them to participating teams’ endowment accounts at the MidwayUSA Foundation. Since 2011, SSSF has donated funding to several hundred team endowment accounts across 48 states. This year to date, we have already contributed over $1.5 million to MidwayUSA Foundation accounts.

The goal of the MidwayUSA Foundation is to provide permanent financial support for shooting programs. Grants are the vehicle that makes this goal possible.

Even if you have a small account balance earned at a shooting event or through your own deposits, you can draw a grant. If the funds are not needed, you can put it back into your team endowment account to have matching funds applied.

Teams may apply to receive up to 5% of their account balance once per calendar year. MidwayUSA Foundation accepts grant applications in June and December, and applications are reviewed and decided upon by its Board of Directors at January and July board meetings. If you did not apply for a grant in June, you are eligible to apply by December 15.

Learn more about applying for a MidwayUSA Foundation grant for your team.

MidwayUSA Foundation Matching Deadlines Are Approaching

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MidwayUSAFoundation
As another year starts to wind down, we are inching closer to the MidwayUSA Foundation matching deadlines. Don’t miss your chance to double, triple, even quadruple your money!

Funds returned to the MidwayUSA Foundation stemming from one of their recent promotions (Zeiss Binoculars, Browning Knife Set, Winchester 280, SKB RS300) by November 30, 2014, will be matched 3:1. Funds returned from previous promotions (Our Family Legacy, Silver Sporting) are matched 1:1. See MidwayUSA Foundation’s promotions page for additional details.

General donations are also matched. Donate to the team of your choice and your donation will be matched 2:1 by Larry and Brenda Potterfield! Find your team here. Your donation is tax deductible, and 100% of your donation will go to your local shooting team. But hurry — this match also ends November 30, 2014.

According to MidwayUSA Foundation, in 2015 they plan to bring new incentives to your teams to grow your Team Endowment Accounts. They also hope to offer another matching program, but don’t miss your chance this year! Donate today!

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