What’s in it for me?
As a Foundation donor and member of the information management profession, you are making a long-term investment in your future and the future stability of the information management industry. All contributors benefit from research, benchmarking studies, and guidelines and standards development. Even without an immediate, personal, specific gain from a donation, donors have the knowledge and satisfaction of making a difference and contributing to the stability of the information management profession in the future. This is an important legacy.
What is the endowment campaign goal?
The current goal is to raise $2.5 million through personal and corporate pledges, which may be paid over a five-year period. Over $400,000 in total personal pledges has already been committed from the Foundation’s Board of Trustees, ARMA’s Board of Directors and the ARMA membership.
Why give to the Foundation?
Programs funded by the Foundation will help to secure the future health and stability of our profession. Through the endowment, donated monies remain intact with only the interest earned by the endowment’s investments used to fund programs. Once gifted, your donation is a permanent income resource—it’s the gift that keeps on giving. Supporting your Foundation is a way to give something back to your profession while leaving a significant legacy for those who come after us. It is a long-term investment in yourself and your profession’s future.
Are contributions tax deductible?
Yes, within the United States. The Foundation is incorporated under Section 501(c)(3) of the U.S. Internal Revenue Code as a non-profit, tax-exempt, research/education foundation. Financial investments and contributions from individuals, companies and foundations are fully tax-deductible as provided by U.S. law. Canadian ARMA members can obtain a tax deduction against U.S. earned income only.
If the Foundation is not successful, what happens to the donations I’ve already made?
In the unlikely event this happens, because it is established as a separate legal entity, classified as a 501(c)(3), the money CANNOT be transferred to ARMA International. According to the Foundation bylaws, upon dissolution, all moneys already received into the endowment will be returned to the donors.
Are there other ways I can individually contribute to the Foundation besides pledging?
Yes. You can…
- make one-time gifts not linked to a pledge at any time and as often as you would like,
- obtain matching gifts from your employer for one-time gifts (or pledges),
- make memorial donations or honorariums,
- establish planned giving gifts through estate planning,
- make investment gifts other than cash (stocks, etc.), and/or
- establish the Foundation as an insurance policy beneficiary, etc.
If there is a gift you would like to make, the Foundation will work with you for a positive result.
How can my company/corporation help?
Many employers will match a charitable contribution to the Foundation, doubling the value of the contribution. Some may enable you to contribute through a payroll deduction. Please check with your employer for this opportunity.
Can a company/corporation make a pledge?
Yes. Direct contributions and pledges from companies, corporations and other organizations are welcome and important for building the endowment. All the same options for contributions are available to corporate donors. In addition, companies/corporations can make gifts of in-kind services.
Must pledges be paid all at once?
No. Pledge payments can be made to the Foundation over a five-year period, payable on an annual, semiannual, or quarterly basis using a number of payment options. Arrangements specific to your pledge are made confidentially with the Foundation Coordinator.
How are contributions recognized?
Those investing in the profession through a pledge donation to the Foundation will be recognized according to their wishes (public or private). Several forms of public recognition in accordance with the donor’s level of contribution are available.
What portion of the donations will be spent on administrative costs to run the Foundation?
The generally accepted cost of operating a non-profit U.S. foundation is 10% to 20% of the interest from the Endowment. Based on this information, the Foundation anticipates that it will follow the generally accepted model for determining costs.
When can I expect to see programs being funded?
Contributions made to the Foundation Endowment are permanent. Programs will be funded from the interest earned on the invested principle. Therefore, in order to fund programs, the Foundation must first raise money to fund the Endowment, which in turn earns interest with which to issue scholarships and research grants. Implementation of program funding depends largely on the speed of securing pledges, the timely payment on these pledges once secured and the amount of interest earned from the Endowment.