How can I contribute to the Suffolk Foundation? All contributions to the Foundation are tax deductible. During the past year, the Foundation has received contributions directly as: • Cash/check • Electronic payment from the USSA/Foundation web site • Memorial for a friend or loved one who has passed away • Proceeds from the sale of a Suffolk flock within an estate plan We are extremely happy with the results of the first year, but several other methods are available for giving to the Foundation. These include: Stock – With the gains made in investments in recent times, it may be beneficial to donate that stock to the Foundation rather than sell it. You will be able to tax deduct the full value of the stock and you will not pay income tax on any of the appreciated value of the stock. The full value of the stock is available for the Foundation to work with and you get a full tax deduction. Life Insurance – You can designate the Foundation as your beneficiary, or you can sign the contract itself to the Foundation. This can be insurance of any value. Will – Your estate or any part of it can be left to the Foundation. The Suffolk Foundation has benchmarked with other livestock foundations that have received significant contributions from estates of their members and friends. Home – You may be able to set up what is called a “remainder interest” where you gift your home to the Foundation while you are alive, but you are allowed to live in the home for the rest of your life. Upon your death, the Foundation would get your home. Charitable Gift Annuity – You can set up an annuity with the Foundation. You make the donation and the annuity then pays you an income. Upon your death, the remainder of the annuity would go to the Foundation. The typical minimum required for this type of annuity is $5,000. Trust – Some trusts are structured for giving. A charitable remainder trust is set up such that you or others you designate have an income stream from the trust while you are living and the Foundation would receive the remaining proceeds upon your death. A charitable lead trust would provide support to a charity (the Foundation) while you are alive and the remaining proceeds would go to your family or others, upon your death. Employer - Matched Contributions We have also become aware of one other important aspect of giving to the Foundation. Many employers will match your giving to this non-profit charity. If you work for an employer with a matching program, be sure to check. This doubles the value of your giving. If you are interested in any of these ways of supporting the Foundation you may wish to talk with your estate planner or we welcome you to talk with the Foundation. We will assist you.
SUFFOLK SCHOLARSHIP PAST WINNERS 2019 KATHERINE PARSLEY S H E R I D A N , I N 2018 LILY SKARTVEDT R A D C L I F F E , I A 2017 ANDREW SLACK L A K E G E N E V A , W I CODY KINSMAN S P R I N G C R E E K , N V 2016 RAELYNN THOMPSON P A T O K A , I N RIGGEN ZELINSKY B R O O K I N G S , S D 2015 KATIE FROST B L O O M I N G B U G , O H JACLYNN KNUTSON C E N T E R V I L L E , S D 2014 JENNIFER FROST B L O O M I N G B U G , O H CHRISTOPHER O A K L A N D , M D KYLE BUBONIS U N I O N , M E LET'S GROW PAST WINNERS 2019 ANDREW SLACK L A K E G E N E V A , W I 2017 NICOLE DITTBRENNER C U M B E R L A N D , W I 2016 MACCAULEY A T G L E N , P A 2013 KATELYN GNEGY ALISON KNUTSON C E N T E R V I L L E , S D 2015 GRANT FRIESEN C A R T H A G E , I N 2014 KATIE FROST B L O O M I N G B U G , O H
Suffolk Foundation Scholarship The United Suffolk Sheep Foundation is offering one $1,000 Scholarship for graduating high school seniors or students enrolled at a college, university or technical college. Any United Junior Suffolk Sheep Association member who owns registered Suffolk sheep and whom is either a senior in high school or currently enrolled in a college, university or technical college are eligible. We encourage all eligible young breeders to join the competition. Funds will be paid directly to the winner’s educational institution and only used for academic pursuits. To qualify an entrant must: 1. Complete an application form, either word processed or typed, but not hand written, which is available from the USSA Office or USSA website 2. Submit two letters of recommendation from teachers/ professors, counselors, or community leaders3. A current transcript of scholastic credits. Finalists will be selected from the applications received. Finalists will have a phone interview with the Scholarship Committee the end of June. The scholarship winners will be announced during the National Junior Suffolk Show at the All-American Junior Show. Prior recipients are eligible to apply, but preference will be given to those that have not previously received the scholarship. Applications must be received by the office no later than June 1st. Winners will be selected entirely based on merit. Let’s Grow Suffoks Scholarship One - $1000 scholarship is offered through the United Suffolk Sheep Foundation to an outstanding individual who is actively involved with Suffolk sheep. The eligible individuals must meet the following requirements: 1. At least freshman in high school 2. Have registered Suffolks 3. Actively involved with Suffolk sheep at the local, state, regional and/or national level 4. Possess a strong work ethic and values 5. Have a minimum 3.0 grade point average 6. Plan to attend a college or university with sheep
production or research 7. Must be a member of the United Junior Suffolk Sheep Association. All eligible young breeders are encouraged to join the competition. Funds will be paid directly to the winner’s college or university and may be used for academic pursuits only. If the recipient is younger than 18, funds will be put into a trust fund until the individual turns 18 and at that time, will be paid to the college or university in which they have enrolled in. Prior recipients are eligible to apply, but preference will be given to those that have not previously received the scholarship. More details on application requires can be found on suffolks.org. The donor of this scholarship (an old brood ewe) would like to remain anonymous. Royer Farm Suffolk Scholarship Royer Farm Suffolk Scholarship is a $2000 scholarship available through the United Suffolk Sheep Foundation scholarship. The Foundation Scholarship committee will determine the recipient based on merit of the persons who apply. Payment will be made from the Foundation, in the name of the student, to the college/university. There are three restrictions for this scholarship. The person receiving the scholarship must: 1. Plan to enroll in a 2 year or 4 year college/university within one year. 2. Reside in the state of Indiana, Illinois, or Iowa. 3. Have shown, exhibited registered Suffolk sheep at least four years, in Indiana, Illinois or Iowa. This requirement does not need to be consecutively or currently. This scholarship should not be given, if qualified applicants are not available or if the application is not of such quality to warrant such scholarship. Discretion of this is within the powers of the Scholarship Committee. This scholarship is funded by Royer Farm of Illinois.
United Suffolk Sheep Foundation has created a Suffolk semen donation program!
Some semen will be sold through online fundraiser sale.
A comprehensive list of semen will be cataloged and available for sale through the Foundation.
All donated semen is tax deductible.
Suffolk breeders are encouraged to learn more by contacting a Foundation director of the Suffolk Office.
Featuring these Rams!
Batt 6032 Batt 9043
SUFFOLK FOUNDATION SCHOLARSHIP
SUFFOLK FOUNDATION SCHOLARSHIP
LET'S GROW SUFFOLK SCHOLARSHIP
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Batt 009 URF 645 BYU “Little Angus” BYU 840 Culham& Stevens 1351 Kimm 15286
WESLEY LINKE
LILY SKARTVEDT
KENZIE KINBROUGH
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