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Ensuring the Next 50 Years: Consider a Bequest Gift to AFE

Through the collective efforts and generosity of many, many individuals and companies over AFE’s 50 years, much has been accomplished for the benefit of the floriculture industry. Millions of dollars have been invested in research benefiting the entire industry, and hundreds of students excited about careers within the field of floriculture have received critical paid internships opportunities and scholarships. 

 

Through a deferred gift in your will (or living trust), you can help ensure that AFE’s next 50 years will be just as remarkable.  Gifts you arrange now that AFE will benefit from sometime in the future will provide the financial resources to make continued research and student support possible.

 

This can also be a smart way to make a gift as you:

           retain full ownership and use of your assets throughout your life.  Perhaps you want to make a generous gift to support AFE but hesitate to draw upon resources you may need in the years ahead, especially in this economy.  A bequest to AFE allows you to preserve your financial security.

 

           reduce taxes payable by your estate.  Federal estate tax is currently in a state of flux. While there is no federal estate tax at the moment (it was allowed to lapse in 2010), legislation could be passed this year that would restore it to its previous rate (45%) and exemption level ($3.5 million).  If no change is made in 2010, the federal estate tax will automatically be reinstated in 2011 at a higher tax rate and a lower exemption level. Depending on where you live, you may be subject to a state estate tax.  The known certainty is that a bequest to AFE results in a dollar-for-dollar estate tax deduction.

 

Several types of bequests are possible:

          general, for a certain dollar amount -- “the sum of $____”

          specific, a particular asset -- “1,000 shares of XYZ stock”

          residual, once expenses have been paid and general and specific bequests have been distributed -- “__ percent of the rest, residue, and remainder of my estate”

          contingent, only under certain conditions -- “in the event my spouse does not survive me”

 

Unless specified otherwise, all bequest gifts are considered to be gifts to endowment to provide ongoing funding for AFE from year to year.  It can be used to support a variety of purposes:

          unrestricted, allowing AFE to employ your gift where the need is greatest.

          designated, enabling you to support either research or scholarships.

          named fund, a separate fund named for you and/or another person can be established (minimum
            gift sizes apply).

 

If the benefits of making a bequest appeal to you, contact AFE so we can furnish helpful information.  If you have already arranged for a bequest to AFE, please let us know so that we can express our thanks. 

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2010 - Issue Two
In This Issue
   AFE Turns 50!
   MSU Graduate Awarded 2010 Paul Ecke Jr. MS/PhD Scholarship
   Memorial Tribute Established as AFE Mourns the Passing of Trustee Ernesto Velez
   Post Production Research: Cut Flower Longevity
   Floral Design Students Receive Financial Support Through AFE
   Ensuring the Next 50 Years: Consider a Bequest Gift to AFE
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Sponsorship Opportunities!

Join other industry organizations by becoming a sponsor of the 2010 AFE Fundraising Dinner and 50th Anniversary Commemorative Celebration - September 22, in Orlando. 

All sponsors receive recognition during the dinner, in the commemorative printed program, on AFE's web site, and receive special seating during the event.

Sponsorships available:

  • Table Hosts
  • Table Sponsors
  • Entertainment Sponsors
  • Wine/Champagne Sponsors
  • Other Sponsorships are available.

Contact AFE for more information!


 

Final Research Reports Available on the AFE Web Site!

AFE research addresses a diverse range of topics, from pest and disease management, breeding and genetics, production technology, production and post-production protocols, and consumer behavior.  Final reports on all AFE research are available at www.endowment.org.

** As a follow up to the last AFE Bulletin, Parts II and III of the Special Research Report “The Appeal of Biodegradable Packaging to Floral Consumers” are now published.

 


Congratulations to Vic and Margaret Ball Scholars!

AFE awarded three students the Vic and Margaret Ball scholarship from the March 1 application deadline.  These students will perform a three to six month internship at a commercial production operation.  Upon completion, they will receive a scholarship ranging from $1,500 – $6,000.  The next application deadline is October 1st – visit the AFE web site for more information.

Aric Compliment, a student at College of Dupage will complete a three-month internship at Heartland Growers, a family owned growing operation in Westfield, Ind.

Dominic Vercelote, a student at University of Georgia will perform a six-month internship at The Sun Valley Group in Arcata, Calif.

Rachel Palmer, a student at the University of Minnesota, will perform a three-month internship at Metrolina Greenhouses in Huntersville, NC.


Attention Growers:  If your business hosts interns and you would like to be considered as a Ball host employer, please contact AFE at (703) 838-5211.





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Support AFE in our mission to grow the industry through funding scientific research, scholarships and educational grants.  Making an annual pledge to AFE is an easy way to help support the future of the floriculture industry. 
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Make YOUR pledge today! 

American Floral Endowment
1601 Duke Street
Alexandria, VA 22314
Phone: 703-838-5211
Fax: 703-838-5212
E-mail: afe@endowment.org
Web: www.endowment.org
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