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Promoting Social Responsibility & Community
Giveback through Athletics

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Team Up for Community Events

You can support TU4C by donating today!

Thank you for your consideration in DONATING to support the W20 Foundation’s Team Up 4 Community programs!

We must be the leaders in encouraging social responsibility and community giveback to teach our young athletes about responsibility, independence, and leadership so that they are better prepared for everyday life.

Everyday our youth athletes are being molded in their development through the friends they hang around to the team members and coaches they work with. Our children’s character can benefit greatly by participating in sports, but those positive benefits are not guaranteed.  It is essential that we take an active role in driving home the importance of giving back to others in the molding years of our youths’ development.

You can help make a difference in our communities and youth athletes’ character by making a financial contribution that enables Team Up 4 Community to deliver this impactful program in and all around our Long Island Communities throughout the year.  

Together we are building a stronger foundation for the future of Long Island.

Take a moment to support the work TU4C is doing with the Largest L.I. Sports Community Service Challenge and help drive & inspire our youth athletes in the challenge by DONATING TODAY.

Have questions about Donating to W20 Foundation's Project: Team Up 4 Community?

Here are some answers to the most commonly asked questions:

What does my donation support?

Your gift to the W20 Foundation's Team Up 4 Community will provide direct support for resources and programs that advocate and promote social responsibility among athletes, organizations and communities. Donations also provide scholarships to deserving student athletes who best exemplify leadership in academics, athletics, and community service.

What are the kinds of gifts I can give to the W20 Foundations Project: Team Up 4 Community?

Generally speaking, during your lifetime you can make an outright gift of cash, securities or other property (e.g., real estate, personal property). Upon your death you can make a gift through your will or revocable trust. You also have the option of making a gift that returns lifetime payments to you, your spouse, or other individuals, such as a charitable gift annuity or charitable remainder trust.

Are there tax benefits to Planned Giving?

Yes. Tax laws intentionally encourage charitable giving. There are numerous tax benefits to planned giving though they vary on a case to case basis. The W20 Foundations Project: Team Up 4 Community encourages all individuals considering a bequest to the Foundation to obtain legal council or expert advice. The Foundation assumes no responsibility related to that advice or decisions made by donors.

What sort of assets can I use to make a Gift?

Almost anything: cash, publicly traded securities, the balance in your retirement account. Other assets can be very valuable but are more complicated to administer and must be reviewed by us before we can accept them as gifts: real estate, closely held stock and artwork.

What tax deduction will I receive for my gift?

It depends on the form your gift takes:

  • Outright gifts to the W20 Foundation generate a full income-tax charitable deduction. Outright gifts of appreciated securities are deductible at fair market value, with no recognition of capital gains - a great tax benefit!
  • Bequests do not generate a lifetime income tax deduction. They are exempt from estate tax, however.
  • Similarly, life insurance distributions to the W20 Foundation are not income-tax deductible, but are exempt from estate tax.
  • The charitable deduction for a gift that makes payments to you, such as a charitable gift annuity or a charitable remainder trust, is the fair market value of the gift asset minus the present value of the income interest you retain.

If I create a bequest or life-income gift, will the W20 Foundation continue to ask me for annual contributions?

We will, because the commitments address two different needs. Your planned gift is a significant addition to our long-term financial strength -- our ability to meet the challenges and opportunities the future will bring. The obligations and expenses that we encounter today, however, are met through your annual gift. We are very grateful that you want the W20 Foundation to succeed both today and in the future.

Is my company able to match my gift?

Many companies offer matching gift programs, in which the company will match an employee's contribution to the charitable organization. There may be a minimum or maximum limit and it may not be a 100% match. This means you can increase your personal fundraising goal to help support the cause.

For more information, please click here to download the matching gift information document.


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