endowment funds Archives - Scholastic Action Shooting Program

SPP Teams Earn Endowment Funds in Virtual Match Series

Written on July 31, 2015.

Congratulations to Scholastic Pistol Program teams who have submitted entries into the 2015 Virtual Match Series and been drawn as winners of team endowment funds. Recent winners of $1,000 contributions to their endowment accounts are:

Straight Shooters Tucson

Michigan State Shooting Sports Club – May

Crew 401 – June

Each month through December, SPP will hold a random drawing among teams who submit SPP Virtual Match scores that month. Winners receive a $1,000 team endowment account contribution.

Don’t forget to submit your team’s scores into the virtual match series. All you need to do is send your scoresheets and $1.25 per athlete (via USPS) to Tammy Mowry. Learn more.

SSSF Contributes Over $180,000 to MidwayUSA Foundation Team Endowment Accounts

Written on June 19, 2015.

Scholastic Shooting Sports Foundation contributed $181,400 to the MidwayUSA Foundation on May 31, benefiting the team endowment accounts of 88 scholastic shooting teams from 21 states.

The funds were awarded to teams at SCTP and SPP shooting events this year. A total of $109,800 of the donated funds went to 40 SCTP teams, while $71,600 benefits 48 SPP teams.

SSSF will make endowment funds available for teams to earn at numerous other tournaments this year, including the SCTP-SPP National Team Championships next month. A total of $468,000 in endowment funds will be on the line at that event, July 13-18.
Teams are awarded endowment funds through their participation in sanctioned shoots. SSSF, which administers the SCTP and SPP, contributes the funding to the MidwayUSA Foundation Team Endowment Account Program on behalf of the teams. Active teams, like the 88 that will benefit from this donation, are eligible to draw a grant each year to assist with team expenses, such as ammunition, range fees, travel, uniforms, and more.

The MidwayUSA Foundation helps communities and organizations raise funds to support their high school, college, and other youth shooting teams and activities. This donation brings youth involved in shooting sports closer to sustainable support.

For more information on the MidwayUSA Foundation or to set up an account for your team, visit www.midwayusafoundation.org.

MidwayUSA Foundation Grant Deadline Is June 15

Written on May 30, 2015.

MidwayUSA Foundation’s grant cycle is in full swing! The foundation is now accepting applications from teams for grants to pay for shoot entry fees, uniforms, ammunition, and other team expenses, and the deadline for this cycle is fast approaching.

Any team with a balance in its MidwayUSA Foundation Team Endowment Account can apply for a grant once a year. If you have an account balance and did not apply for a grant in December, you are eligible.

The deadline to apply for a grant during this cycle is June 15.

Want to receive your funds even faster? Choose the option of direct deposit when you apply.

You can learn more about the grant program on the MidwayUSA Foundation website.

SPP Teams: Earn Endowment Funds with Virtual E-Postal Matches

Written on April 17, 2015.

SPP teams, don’t forget about the opportunities to win a random-draw prize every month just for participating in the Virtual E-Postal Match Series!

Starting in April, SPP teams participating in the Virtual E-Postal Match Series will be part of a special monthly random draw prize of a $1,000 donation to a team’s MidwayUSA Foundation Endowment account. This special event will run from April – December 2015 and is open to any team or squad that participates in the Virtual E-Postal Match Series.

To be eligible, a team or squad must register three (3) scores — but remember, the more times you enter, the more chances you have to win!

In addition, we will be offering endowment donations as placement awards. This year we will be using a Lewis Class system during the Virtual Match Series. There will be two (2) Lewis classes, and endowment money will be given to 1st, 2nd, and 3rd place in all divisions. In Class A, the donations will be 1st – $1,250, 2nd – 1,000 and 3rd – $750. In Class B, the donations will be 1st – $1,000, 2nd – $750, and 3rd – $500.

Virtual E-Postal Matches are a great way for teams to compete and earn endowment funds while saving the time and expense of traveling.

Don’t miss out on this additional way to come and play!

Help MidwayUSA Foundation Create a Tagline

Written on February 20, 2015.

If you are an active team with the MidwayUSA Foundation, they want your help! The growth of the Team Endowment Account Program has been phenomenal, but they want to offer their financial assistance to even more teams. In an effort to continue branding the MidwayUSA Foundation and support more teams, they want to develop a tagline and are asking for your ideas.

A tagline is a short phrase (5-7 words) that can quickly explain or clarify what an organization does. In their case, MidwayUSA Foundation offers sustainment funding to youth shooting teams across the nation. Submit your suggestions to MidwayUSA Foundation by March 9, 2015, and if they choose your team’s suggestion, the Foundation will add $1,000 to your Team Endowment Account.

Remember, the tagline should help people to quickly understand what MidwayUSA Foundation does.

Click here to offer your ideas for a tagline.

SSSF Donates $246,500 to MidwayUSA Foundation

Written on November 14, 2014.

This week, Scholastic Shooting Sports Foundation made a donation of $246,500 to the MidwayUSA Foundation, Inc. The funds were deposited into the endowment accounts of 75 member teams of the Scholastic Clay Target Program and Scholastic Pistol Program representing 26 states.

The money was earned by the teams through participation in recent SCTP and SPP regional shoots. Of the total contribution, $216,500 was deposited into SCTP teams’ accounts and $30,000 went to SPP teams’ accounts.

This week’s donation brought SSSF’s total MidwayUSA Foundation contributions for 2014 to $1,751,645. SSSF has funded accounts for 273 teams in 40 states this year.

The purpose of the MidwayUSA Foundation endowment program is to provide sustained financial support for youth shooting teams. Teams with an endowment account are able to draw a grant each year to use for team expenses. SSSF regularly makes endowment funds available for SCTP and SPP events and contributes them to participating teams’ endowment accounts at the MidwayUSA Foundation. Since 2011, SSSF has donated funding to several hundred team endowment accounts across 48 states.

Apply for MidwayUSA Foundation Grant by December 15

Written on October 30, 2014.

If your team has an endowment account with a balance of any amount with the MidwayUSA Foundation and you haven’t yet received a grant this year, you have until December 15 to apply for a grant for up to 5% of your account balance.

Grant funds can be used for team expenses such as ammunition, travel, uniforms, range fees, and more. The funds cannot be used for firearms purchases or political lobbying.

SSSF regularly makes endowment funds available for SCTP and SPP events and contributes them to participating teams’ endowment accounts at the MidwayUSA Foundation. Since 2011, SSSF has donated funding to several hundred team endowment accounts across 48 states. This year to date, we have already contributed over $1.5 million to MidwayUSA Foundation accounts.

The goal of the MidwayUSA Foundation is to provide permanent financial support for shooting programs. Grants are the vehicle that makes this goal possible.

Even if you have a small account balance earned at a shooting event or through your own deposits, you can draw a grant. If the funds are not needed, you can put it back into your team endowment account to have matching funds applied.

Teams may apply to receive up to 5% of their account balance once per calendar year. MidwayUSA Foundation accepts grant applications in June and December, and applications are reviewed and decided upon by its Board of Directors at January and July board meetings. If you did not apply for a grant in June, you are eligible to apply by December 15.

Learn more about applying for a MidwayUSA Foundation grant for your team.

SSSF Donates $44,000 to MidwayUSA Foundation Endowment Accounts for 14 SPP Teams

Written on October 16, 2014.

SSSF made contributions totaling $44,000 this week to the MidwayUSA Foundation, Inc. endowment accounts of 14 Scholastic Pistol Program (SPP) teams. The teams earned the endowment funds while competing in the Massachusetts State Match on September 13 and the Northeast Fall Regional Match on October 4.

The contributions for September and October bring SPP’s total donations to $407,150 to date in 2014. SPP expects to contribute at least $480,000 in total for 2014 through state, regional, and national championship events.

SSSF contributes the funds on behalf of the teams to the MidwayUSA Foundation Team Endowment Account Program, which was created to provide sustained financial support for youth shooting teams. SPP teams are awarded endowment funds through participation in sanctioned shoots. Teams with an endowment account can draw an annual grant to help offset team expenses, such as registration fees, equipment costs, and travel.

“The MidwayUSA Foundation Team Endowment Account Program has been a great asset in building youth shooting teams,” said Scott Moore, SPP Director. “This program also requires the athletes to work toward goals, which is part of the great character-building aspect of the Scholastic Pistol Program and Scholastic Shooting Sports Foundation.”

The teams whose endowment accounts received funds for September and October are:

Massachusetts State Match

	United States Military Academy – Pistol Program	NY
	Venturing Crew 556	NH
	University of New Hampshire – Main Campus	NH
	Fin, Fur And Feather Club	MA
	Holyoke Revolver Club Steel Shooters	MA

Northeast Fall Regional Match

	United States Military Academy – Pistol Program	NY
	Crew 70	ME
	Crew 357	ME
	Crew 51	ME
	University of Vermont	VT
	University of New Hampshire – Main Campus	NH
	Crew 401	ME
	Crew 1675	ME
	Crew 556	NH

MidwayUSA Foundation Matching Deadlines Are Approaching

Written on October 13, 2014.

As another year starts to wind down, we are inching closer to the MidwayUSA Foundation matching deadlines. Don’t miss your chance to double, triple, even quadruple your money!

Funds returned to the MidwayUSA Foundation stemming from one of their recent promotions (Zeiss Binoculars, Browning Knife Set, Winchester 280, SKB RS300) by November 30, 2014, will be matched 3:1. Funds returned from previous promotions (Our Family Legacy, Silver Sporting) are matched 1:1. See MidwayUSA Foundation’s promotions page for additional details.

General donations are also matched. Donate to the team of your choice and your donation will be matched 2:1 by Larry and Brenda Potterfield! Find your team here. Your donation is tax deductible, and 100% of your donation will go to your local shooting team. But hurry — this match also ends November 30, 2014.

According to MidwayUSA Foundation, in 2015 they plan to bring new incentives to your teams to grow your Team Endowment Accounts. They also hope to offer another matching program, but don’t miss your chance this year! Donate today!

SSSF’s Donation of Over $1 Million to MidwayUSA Foundation Benefits 182 SCTP, SPP Teams

Written on September 12, 2014.

Scholastic Shooting Sports Foundation made contributions of over $1 million this week to the MidwayUSA Foundation, Inc. accounts of 182 SCTP and SPP teams from 36 different states. The teams earned the endowment funds at recent national, regional, and state events.

This week’s total donation was $1,045,125. SCTP team accounts received $905,000 of that, which includes team earnings at the National Team Championships, regional events, and state shoots during the second and third quarters of 2014.

SPP teams received $133,100, which included earnings from its National Junior/Senior Championships and recent state matches.

“Through our broad membership base, we are fortunate to be able to support so many teams across the country,” commented Ben Berka, SSSF President and Executive Director. “These donations will help provide a perpetual funding source for local Scholastic Clay Target and Scholastic Pistol Programs. The funding we provide to team endowment accounts is another way for us to thank all of the teams, coaches, and athletes for their participation and excellent performance in SCTP and SPP events!”

In addition, $7,025 was donated via internally generated endowment money through SSSF and SCTP fundraisers. These funds will be matched by Larry and Brenda Potterfield of MidwayUSA. “By providing teams with fundraising tools at the local level, we are able to help contribute to team endowment accounts. At the same time, teams have the ability to raise operating money and awareness about their programs in the local community. The SSSF looks forward to providing more of these opportunities in the future to our SCTP and SPP member teams,” said Berka.

The donations bring SSSF’s contributions to $1,461,175 to date in 2014. SSSF expects its annual contributions to total more than $1.7 million by the end of 2014.

SCTP and SPP teams are awarded endowment funds through participation in sanctioned shoots. SSSF contributes the funding to the MidwayUSA Foundation Team Endowment Account Program on behalf of the teams. The purpose of the endowment program is to provide sustained financial support for youth shooting teams. Teams with an endowment account are able to draw a grant each year to use for team expenses.

Tag: endowment funds