Reed Society Endowment
“Four things come not back: the spoken word, the sped arrow, the past life, the neglected opportunity.” – Arabian Proverb
The Reed Society, comprised of SIRS most valued planned giving donors, is committed to the long-term stability of SIRS mission and service delivery.
The Reed Society is named after SIRS first community employment customer, Sam Reed. Not only was Sam the first individual to secure employment in his community, he was one of the original recipients of services back in 1968 when his parents, Rose and Ralph Reed, helped create the organization with other interested Perry County families. Just as the Reeds played an integrate role in the creation of SIRS, the donors that make up the Reed Society will have the same impact in financially keeping SIRS services available to person with disabilities. Just as Sam ventured out into his community, giving others the opportunity to embrace his skills and gifts, so the Reed Society’s efforts will enable future children and adults with disabilities to pursue needed therapies, dreams of employment, and community involvement.
The generous donations from the Reed Society secure future funding for existing services as well as progressive services currently not available to individuals with disabilities. The Reed Society ensures that the seeds they plant today become the supportive shade trees for those in need tomorrow.
For more information on Planned Giving or the Endowment, contact: Mary James, Marketing and Development Director at mjames@sirs.org or call 812-897-4840.
What Is an Endowment?
An endowment is a permanent asset invested to earn income. It offers the advantage of sustainable income over the long term by providing organizations with independence, greater ownership of resources, increased capacity for long term planning, access to new resources, and renewed relationships with a wider range of individuals and organizations in building a resource base.
Endowments are built through contributions from individuals, businesses and others.
Benefits to the Donors?
- The satisfaction of making a significant gift to SIRS during your lifetime.
- The advantage of avoiding or deferring capital gains taxes on gifts of appreciated securities or real property.
- Income tax deductions the year the gift is made, with carryover for five years, depending upon the donor’s situation.
- The potential for increased income during the donor’s and/or beneficiary’s lifetime.
- Professional investment management of the capital for the benefit of SIRS.
- Assets irrevocably given to SIRS are not subject to estate tax.
Why does SIRS have an Endowment?
SIRS is embarking on an endowment-building program to stabilize the financial resources of the organization-to fund the development of new and innovative programs and services for our customers.
