2 0 0 8 A N N U A L R E P O R T

Mission of the FoundationTo develop a fund to fi nancially support the

mission, values, and programs of the Boy

Scouts of America by promoting and soliciting

gifts, grants, and matching funds from

individuals, corporations, and foundations

interested in supporting Scouting through their

local councils and other Scouting organizations,

both nationally and internationally.

Purpose of the FoundationThe BSA Foundation was founded to help

councils fi nd new sources of philanthropic

support, provide donors with fl exible and

effective ways to make gifts, and encourage

the fi nancial support of Scouting. It helps

donors realize their charitable goals and

helps them engage other family members

in philanthropy. Many charities show donors

how to pass their valuable to others—the BSA

Foundation thinks it’s just as important to help

donors pass their values to others.

Letter From the Director

“� ere’s a song that lingers forever in our earsOh, hard times come again no more.”

If you’re familiar with Stephen Foster’s 1855 folk song, it was probably lingering in your ears in 2008. Last year, the Foundation saw some signifi cant, positive changes. But we also faced an economic reality: historically accustomed to double-digit returns for our assets, we took an unprecedented, double-digit “hit” last year of about 27 percent.

Like most people this year, we’ll watch our costs as much as possible—starting with our Annual Report. Saving lots of money (and trees) seemed like a good idea, especially now. So this is a “greatest hits” version of a pretty good year, where we provided more funds than ever for Scouting. For the full report, and more details on our grants and distributions, please visit our Web site, www.bsafoundation.org.

We had another very successful nationwide Endowment Art Tour last year. Also, we decided to pool one of our most important resources, our gift planning attorneys. When the BSA restructured in mid-2008, we became the primary resource for local councils, donors, and fi nancial professionals seeking technical assistance with major gifts and legacy planning. In the past, each of our attorneys focused his efforts on only one region. But, by uniting the attorneys as a “national” team, they are now available to provide help to councils, donors, and professionals regardless of location.

This is a time when America’s youth and BSA local councils most need the support and vision of our donors. Fortunately, even in diffi cult fi nancial times, there are some very effi cient and cost-effective ways to plan one’s philanthropy. Our donors continue to ask about—and create—new donor advised funds, charitable trusts, values-based estate plans, gift annuities, and other tax and family-friendly gift solutions. For that, we are very grateful.

It’ll be a chore to replace our lost Foundation assets. But we have confi dence in both our markets and our donors. Finally, a huge thank you to our Board and Advisory Committee, our great chairman, and to a dedicated, hard-working staff that proves every day the value of Theodore Roosevelt’s wise advice: “Do what you can, with what you have, where you are.”

Colin V. French

Executive Director

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Scout Philanthropy SocietyMajor gifts that make a major impact on Scouting are of the highest priority to the Foundation. We would like to thank these very special members of the Scout Philanthropy Society:

$10 Million and Up: Ed and Jeanne Arnold

Wayne and Christine Perry

Anonymous

$1 Million and Up: Donald and Marie Belcher

Rick and Janet Cronk

Gerald I. Lawhorn

Henry Rosenberg Jr.

Milt and Adele Ward

The WP SocietyThis recognition is reserved for transformational gifts for Scouting and our local councils—gifts with a minimum value of $25 million. We are proud to recognize the following members:

Wayne and Christine Perry

Highlights of 2008 Foundation DistributionsProgram Support$256,882 (Gerald Lawhorn ParentReach Fund)—To support the national ParentReach program.

$149,640 (Ed and Jeanne Arnold Advised Fund)—To local councils in Lancaster, Penn., and Phoenix, Ariz., to provide Scouting programs to disadvantaged and urban youth.

$100,000 (Discretionary Fund)—To the Aloha Council in Honolulu, Hawaii, to support the Pacifi c Basin Scouting program in numerous hard-to-serve islands.

$51,000 (Milt and Adele Ward Fund)—To local councils in Tucson, Ariz., and Albuquerque, N.M., to provide Scouting to community centers and expand the Soccer and Scouting and “mini-Day Camp” programs.

Scholarships$95,481 (Adele Ward Scoutreach Leadership Fund)—Scholarships for the 34 top-performing Scoutreach executives to travel to the BSA National Annual Meeting and volunteer training.

$42,000 (Donald and Marie Belcher Eagle Scholarship Fund)—College scholarships to Eagle Scouts from the Pasadena, Calif.; San Diego, Calif.; and Appleton, Wis., areas.

$42,000 (Hansen and Mary Hall Scholarship Fund)—College scholarships to Eagle Scouts.

$30,591 (Adele Ward High Adventure Fund)—Scholarships for 40 youth and adult leaders from urban Atlanta, Ga., to attend the Out Island Adventure program at the BSA’s Florida National High Adventure Sea Base.

Disaster Relief$94,884 (Hurricane Relief Fund)—To repair damage and replace losses from Hurricane Ike by the councils and their employees in Harlingen, Texas; Galveston, Texas; and Monroe, La.

$65,291 (Fund to Rebuild Scouting)—To repair damage and replace losses from Hurricane Ike by the Istrouma Area council in Baton Rouge, La.

Regional Funds$218,477 (four Regional Funds)—To support various initiatives and needs in numerous local councils.

World Scouting$523,706 (World Scouting funds)—To provide support to the World Scout Foundation, European Scout Foundation, Sri Lanka Scout Association, and other World Scouting initiatives.

National Scouting Museum$549,835 (Museum Endowment Fund)—For support, operations, and upgrades.

Charitable Remainder Trusts$632,583 to numerous individual benefi ciaries of charitable remainder trusts managed by the Foundation.

Donor and Charitable Gift ServicesWe offer and accommodate a wide variety of gifts to support the needs and mission of Scouting.

Donor Advised FundsThe opportunity to create a fl exible, effective means of supporting local councils, Scouting programs, and even non-Scouting entities.

Charitable TrustsThe Foundation serves as trustee for many charitable remainder trusts and charitable annuity trusts. These are trusts that provide immediate tax deduction benefi ts, income streams to benefi ciaries, and support for Scouting when the trust ends.

Major Gift PlanningWe also provide technical assistance and advice on a wide range of gifts other than charitable trusts: gifts of stock and land, bequests, life estates, gifts of IRAs and insurance, personal property, and many other effective ways of giving. This assistance is available for BSA local councils as well as individual donors.

Family Wealth CounselingThe Foundation offers a variety of free planning resources and confi dential wealth counseling for donors and their families. We believe preserving family values and ethics is as important as preserving estate values.

Gift Annuities and Pooled Income FundsThese popular types of gifts allow donors to make a gift to Scouting and, in return, receive lifetime income and other tax benefi ts.

For more information on these and other types of gifts and philanthropic opportunities, please contact us.

Total funds distributed: $3,175,734 (as of December 31, 2008)

Does not include gift annuity or pooled fund assets. These programs are overseen and administered by the Foundation, but the funds are held by the Boy Scouts of America.

2008 Distributions(by category)

Scout ExecutivesAlan F. Lambert (Bethesda, Md.)Larry E. Pritchard (Rochester, N.Y.)Thomas W. Smotherman (Sioux Falls, S.D.)Ronald S. Green (Columbus, Ohio)Thomas J. Dugger (Oklahoma City, Okla.)Daniel R. Johnson (Roanoke, Va.)Philip D. Bevins (Las Vegas, Nev.)David L. Kemper (Boise, Idaho)

BSA Foundation StaffJake A. Carlson, J.D., M.B.A. National Director of Gift PlanningPerry L. Cochell, J.D., C.W.C. Senior Philanthropic AdviserColin V. French, J.D., LL.M Executive DirectorMichaela L. Monson Administrative AssistantPaula S. Rhea Donor Recognition CoordinatorDiane M. Smith Donor Relations AdministratorBenjamin C. Stahmann, J.D. National Director of Gift PlanningRaymond T. Smith, J.D. National Director of Gift PlanningTammy D. Taylor, C.P. Executive Assistant

Donor Advised FundIn his lifelong commitment to Scouting, Wayne Perry has pretty much done it all—Cubmaster, council president, regional president, National Executive Board, International Commissioner, World Scout Committee, Silver Buffalo Award—and everything in between. Wayne exemplifi es the

values and characteristics of a leader in Scouting.

When Wayne and his wife, Christine, also wanted to provide signifi cant fi nancial support for Scouting, they turned to the BSA Foundation. They had four goals:

1) Support their local council.

2) Provide funding for Scouting nationally.

3) Retain fl exibility in their giving.

4) Set up something their four Eagle Scout sons could participate in.

A Donor Advised Fund in the BSA Foundation turned out to be the perfect match.

The Perrys could partially fund it now and add to it later.•

They could earmark part of the fund for their local council, • taking advantage of the Foundation’s investment strength and oversight of the funds.

They had the right to request distributions to any • program, council, or need for Scouting, nationally or even internationally, and could even choose different benefi ciaries every year.

Their sons can participate in the annual decision-• making process, and help determine who will benefi t from the fund distributions.

If you’re interested in learning more about these types of gifts, and why other Scouters like them are establishing similar Donor Advised Funds, please contact the Foundation.

values and characteristics of a leader in Scouting.

When Wayne and his wife, Christine, also wanted to provide signifi cant fi nancial support for Scouting, they turned to the BSA Foundation. They had four goals:

Board of DirectorsJohn Gottschalk, PresidentRex W. Tillerson, Executive Vice PresidentDrayton McLane Jr., Vice PresidentTerry P. Dunn, Vice PresidentRobert J. Mazzuca, SecretaryAubrey B. Harwell Jr., TreasurerJames J. Terry Jr., Assistant Treasurer

Foundation Advisory CommitteeHenry Rosenberg Jr., Chairman Norman R. AugustineHarry E. Bovay Jr.Allen D. BrownAnderson ChandlerKeith A. ClarkJohn W. Creighton Jr.William F. CronkJohn C. Cushman IIIR. Michael DanielTerrence P. DunnGary D. ForseeJ. Brett HarveyAubrey B. Harwell Jr.Robert J. LaFortuneRichard H. LeetThomas C. MacAvoyJ. Willard Marriott Jr.Sanford N. McDonnellDrayton McLane Jr.Glen McLaughlinAubrey B. PattersonWayne M. PerryCharles M. PigottVittz-James RamsdellRoy S. RobertsSteven R. RogelCharles A. StedJohn W. Thomas Jr.Rex W. TillersonJoe W. WalkoviakMilton H. WardE. W. WendellEdward E. Whitacre Jr.Ronald H. Yocum

For more information and the detailed 2008 Annual Report, visit our Web site.

Boy Scouts of America National Foundation1325 West Walnut Hill LaneIrving, Texas 75015-2079972-580-2219www.bsafoundation.org

The BSA National Foundation is a public charity, recognized as tax exempt under IRC Sec. 501(c)(3).

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2009 Printing