About the Hall of Fame Foundation & Its Directors
HALL OF FAME FOUNDATION
Established 1991
The Tradition of FRIENDS CARING FOR FRIENDS
The Hall of Fame "Foundation" deeply appreciates your interest. Established in 1991 with a cash donation and proceeds from a Shaggers' Hall of Fame Induction weekend, a fund has been accumulated which is available to provide financial assistance to people of all ages and circumstances. These grants are based only on financial need regardless of race, religion, dance style or any other categorization.
The Hall of Fame "Foundation" is not connected with the Shagger's Hall of Fame, Inc. The "Foundation" is chartered in the State of South Carolina as an eleemosynary organization with IRS 501(3) (c) tax-exempt status. Historically, "Foundation" contributions have come from shaggers and shag-affiliated organizations and activities.
The "Foundation" is managed by an fourteen member Board of Directors (director pictures & contact info are below). All are volunteers. Vacancies are filled by the Board. Only persons who have an extensive and proven record of significant community service are selected.
All contributions to the Hall of Fame "Foundation" are deposited in unrestricted interest-bearing investment and checking accounts. Intricate rules and procedures are in place to insure the integrity of your donation. Typically, annual administrative and operating expense to income ratio is three to five percent. This is extremely low. The only operating expenses paid from contributions are postage and supplies, telephone, financial reports by a Certified Public Account and limited travel expenses of Board members. The "Foundation" has NO salaried positions.
The Long Range Plan for the Hall of Fame "Foundation" is to acquire a principle sufficient to remain in perpetual trust. Interest from the trust will provide for grants and assistance to applicants approved by the Board of Directors. The principle will remain intact in perpetuity.
TYPES OF FOUNDATION GIFTS
There are six ways for individuals and groups to give to the "Foundation":
1. Cash
2. Transfers of stocks and bonds
3. Transfers of real estate ownership
4. Life insurance beneficiary
5. Life income from assets
6. Bequests
To date there have been thousands of dollars donated, and many requests for assistance have been satisfied. Your attorney, CPA, or financial planner can advise you on the tax advantages your gift may afford you.
The "Foundation's" Board of Directors will acknowledge your gift, along with proper documentation for tax purposes.
When appropriate, a letter of acknowledgment will also be sent to an honoree.
WAYS THE FOUNDATION USES YOUR GIFTS
1. Wheelchairs
2. Medical Expenses
3. Rehabilitation
4. Pharmaceutical Needs
5. Final Expenses
6. Myriad of Grants (too many to list since 1991)
We've accomplished a great deal, but so much more must be done. To continue our work, we need your help to "Care for Friends". What's been most important to the "Foundation" in the past has been "word of mouth" referrals: people like you telling others about us. Every year the challenges we face are substantially greater than those of the previous. We need you to join us and be part of this important cause. We need your support, and you need the benefits of our important work. For those who have understood our goals in the past, for those who will participate in the future...thank you, and may you reap one hundredfold the goodness that you sow.
TO REQUEST AN APPLICATION FOR "FOUNDATION" ASSISTANCE, OR OTHER INFORMATION ABOUT THE HALL OF FAME "FOUNDATION", PLEASE WRITE TO:
THE HALL OF FAME FOUNDATION
POST OFFICE BOX 4070
North Myrtle Beach, SC 29597
