The BREC Foundation, a not-for-profit organization organized under the laws of the State of Louisiana, encourages the solicitation and acceptance of gifts for purposes that will help to further and fulfill its mission.
The following policies and guidelines govern acceptance of gifts made to the Foundation:
As an autonomous, not-for-profit organization, we operate in a fiscally sound manner while also serving as a fundraising arm for BREC.
All prospective donors shall be strongly urged to seek the assistance of personal legal and financial advisors in matters relating to their gifts and the resulting tax and estate planning consequences.
The BREC Foundation will accept unrestricted gifts, and gifts for specific programs and purposes, provided that such gifts are not inconsistent with its stated mission, purposes, and priorities. We will not accept gifts that are too difficult to administer or gifts that are for purposes outside our mission. The Executive Committee of the Board of Directors of the BREC Foundation shall make all final decisions on the restrictive nature of a gift, and its acceptance or refusal.
Assuming no unusual restrictions, the following gifts are acceptable:
- Tangible Personal Property
- Real Estate
- Remainder interests or naked ownership interests in property
- Oil, gas, and mineral interests
- Bargain sales
- Life Insurance
- Charitable Gifts Annuities
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Retirement Plan Beneficiary Designations
All gifts made to the Foundation and compliance with the current IRS requirements will be handled in a timely manner.
The BREC Foundation values the trust of donors who place funds in its care. To that end, any gift of $5,000.00 will require a written agreement, which clearly outlines any restrictions, procedures or protocols to be followed.