|
The Louisiana Retired Teachers Association
Foundation, Inc. was chartered in 1984 to receive
and administer funds to develop and assist in the
administration of educational programs, projects,
studies, and other activities for the benefit of
retired educators and for other retired persons in
Louisiana.
Administration of the Foundation
The LRTA Foundation, Inc. is a separate entity, and
operates independently from the Louisiana Retired
Teachers Association. The foundation is governed
and administered by an elected board of directors,
and is incorporated under the appropriate and
applicable laws of the state of Louisiana, and under
the appropriate provisions of the Internal Revenue
Code. The articles of incorporation designate the
LRTA Foundation, Inc. as having a tax deduction
status under Section 501 (C) (3) of the code.
The board of directors consists of nine members.
The members of the board elect, from among
themselves, a president, a vice-president, a
secretary, and a treasurer. The board of directors
meets twice a year, and at other times set by the
officers of the foundation, to conduct the business
associated with the acceptance of donations,
approving projects to be funded, and all other
matters related to, and consistent with, the
articles of incorporation and the bylaws of the
foundation.
Donations
The LRTA Foundation, Inc. accepts monetary
donations, individual and corporate gifts, and
bequests, all of which are tax deductible for the
donor under the provisions of the Internal Revenue
Code. All donations, regardless of the type, are
acknowledged for tax reporting purposes. Types of
donations accepted by the foundation include:
-
Cash Contributions—donations are accepted in
honor or in memory of individuals.
-
Real Estate—donations of buildings, homes, and
land are accepted.
-
Life Insurance—listing the LRTA Foundation, Inc.
as the beneficiary on a life insurance policy is
accepted.
-
Stocks and Bonds—transferring ownership on
securities is accepted.
-
Art and Jewelry—transferring ownership of art,
jewelry, and other valuable objects is accepted.
Your donation in honor of, or in memory of a
deceased relative, friend, or teacher is unique in
that it honors the education profession. Your gift
will stay in Louisiana, and will help strengthen and
enhance the lives of retired persons and the
communities in which they live. Your donation will
be acknowledged by letter to the person you
designate. You will also receive an acknowledgement
of your gift for income tax reporting purposes.
The name of the person you honored or memorialized
will be published in the LRTA Newsletter, but the
amount of your gift will always remain
confidential. To make a donation, use the
convenient form provided. The form can be printed,
and then completed.
Click here to access the donation form.
Activities
-
To receive and administer funds for educational
and civic purposes.
-
To develop and assist in the development of
educational programs, projects, undertakings,
studies and other activities, in cooperation and
in coordination with local and state governments
and civic bodies, for the benefit of retired
persons in Louisiana.
-
To disseminate information to retired persons in
Louisiana as may be necessary to inform them of
their legal rights.
-
To assist in protecting and promoting the
personal health and safety of retired persons in
Louisiana.
-
To inform retired persons in Louisiana of the
various local agencies that provide services to
retired persons, or of any other agencies
offering programs in which they may take part.
In
addition, the LRTA Foundation, Inc.:
-
Sponsors the LRTA Foundation, Inc. Leadership
Award given each spring to one deserving LRTA
member who shows extraordinary leadership in his
or her unit, district, community, or in
Louisiana.
-
Sponsors the LRTA Centennial Club which
recognizes LRTA members celebrating their 100th
birthday.
|
