For release: 4/7/8 For
information: Karen Freese
(217) 677-2152
Illinois Equine Foundation
provides tax-free way to help HCI help
horses
The
Illinois Equine Foundation is a 501
(c) 3 organization, meaning that gifts and
contributions to the Foundation are tax
deductible, according to Karen Freese,
Foundation president.
The not-for-profit Foundation, started in
1998, was organized as a program of the
Horsemen’s Council of
Illinois (HCI) to receive tax
deductible contributions that provide
support to the industry beyond HCI’s
principal mission as the voice of the
Illinois horse industry, Freese explained.
Gifts to support the work of the Council may
be received through the Foundation as
monetary sums via checks or wire transfers
as well as in the form of stocks, annuities,
bequests from an estate, endowments, etc.
“For more than a decade, HCI has used the
Foundation to support the Ruby Holmquist
Memorial Scholarship Fund, and more recently
the Dean Scoggins Memorial Scholarship,”
Freese said.
By charter, Foundation funds are used solely
for scholarship and educational purposes.
“Contributors may designate their gifts,
however, for general or specific uses, such
as either of the current
memorial scholarship programs or to
expand HCI’s educational efforts, including
development, publication and distribution of
equine related pamphlets, guides and
brochures,” Freese said.
“Or contributions may be designated to
support new programs, such as educational
seminars on environmental, zoning, legal,
best practices and business aspects of the
equine industry,” she said.
With government assistance for the equine
industry and university equine programs
dwindling, Freese said that support is
needed now more than ever before.
“Gifts can be in any amount and for a
purpose that you specify,” Freese said.
An example Freese gives is that a long-time
friend of Dr. Scoggins recently provided
$10,000 to establish and support an annual
scholarship in his name, providing
assistance to large animal veterinary
students.
“It’s a great start, but we need your help
to reach our goal for this endowment,”
Freese said.
For information on how to become a major
Foundation Sponsor or sustaining member,
contact the
Illinois Equine Foundation, P.O. Box
1605,
Springfield, IL 62705, call the HCI
office at
217-585-1600 or drop an email to hci@horsemenscouncil.org.
Checks should be made payable to the
Illinois Equine Foundation and mailed
to the address above. Gifts of $25 or more
will automatically generate receipts for tax
purposes.