Endowment Fund

The Wheeling Amateur Hockey Association is pleased to inform you that an endowment fund has been established

by its Board to receive donations and gifts that will insure positive experiences for current and future generations of

amateur hockey players. The Wheeling Amateur Hockey Association is a non-profit amateur athletic association

which may qualify donations for possible income tax deductions (please consult your tax professional or financial

advisor for details regarding your specific circumstances). The endowment fund is administered through WesBanco

Trust and Investment Services, a division Of WesBanco Bank. Inc. in Wheeling, WV. WesBanco Trust and

Investment Services manages over $3 billion of assets and has been serving individuals, corporations, and

endowments since 1915. For more information regarding donations and gifts to the Wheeling Amateur Hockey

Association Endowment Fund, please contact Tim Roberts at TimRoberts@stratuswave.net or (304) 233-1185

or Ned George at NedGeorge@pgka.com

Ways to Give

As a donor , we encourage you to use the full "menu" of giving vehicles to realize your goals. We can help you

establish and make additions to the endowment fund using both current and deferred gifts.

CURRENT GIFTS

Appreciated property (publicly traded stock, closely held stock, real estate) Contributing stocks, bonds, mutual

funds or real estate to the endowment fund may provide you with an income tax deduction based on the fair

market value of the gift and eliminate all capital gains taxes. This would allow you to make a substantially greater

gift (typically between 45-70 percent) than otherwise would have been possible for the same out-of-pocket cost.

DEFERRED GIFTS (PLANNED GIFTS)

Numerous deferred gift options exist. For all gift plans we strongly encourage you to meet with your professional

advisors prior to executing any gifts. The options are described below.

Bequest

A bequest to the endowment fund is as simple as adding a codicil to your will. This is the most common planned

gift and it may provide you with valuable estate tax savings. Bequests can be in the form of:

• a stated dollar amount or specific property,

• a percentage of the estate tax , or

• a portion or all of the residue.

Life Insurance

One of the simplest ways to make a significant contribution is to give a life insurance policy to the endowment fund.

You may do this in a number of ways. You may give a policy no longer needed, take out a new policy, or name the

endowment fund as a beneficiary of an existing policy. A gift of life insurance may provide valuable income and

estate tax savings.

Charitable Gift Annuity

A charitable gift annuity allows you to contribute assets to the endowment fund and receive an income tax

charitable deduction. In turn, we will provide you with a guaranteed income for life (the payout varies depending

upon your age and other factors ) . This vehicle can ease the worries of outliving financial resources by providing a

high income coupled with numerous tax advantages.

Charitable Remainder Trust

A Charitable Remainder Trust (CRT) allows you to establish a trust for the ultimate benefit of the fund, while

retaining the income generated by the assets given . A CRT may help you eliminate capital gains taxes, reduce or

eliminate estate taxes, improve lifetime cash flow, and when coupled with an asset replacement trust, will provide

for heirs as well.

Pooled Income Fund

A pooled income fund works much like a mutual fund. You receive a variable amount of income each year and

these assets go ultimately to the endowment fund. This type of fund is especially attractive if you would like to

contribute less than $50,000, receive a variable annual income and still receive all of the tax benefits of a charitable

donation .

Retirement Accounts

Qualified retirement plan accounts are subjected to layers of taxation ( i.e, estate tax, federal income tax and state

income tax). For some accounts, the combination of these taxes can be as high as 75-85 percent. The 25-15

percent your heirs would have received may be replaced with an asset replacement trust. Numerous other

innovative retirement planning giving opportunities exist, and we would be happy to provide additional information

upon request. This trust allows you to provide income to the endowment fund for a fixed number of years. The

remainder is then returned to you or to your named beneficiary - your heirs , for example.

Charitable Lead Trust

This trust allows you to provide income to the endowment fund for a fixed number of years. The remainder is then

returned to you or to your named beneficiary - your heirs, for example.

Life Estate

If you own valuable property that you would like to use during your lifetime but make arrangements to give it to the

endowment fund upon death, you may receive a current income tax deduction and future estate tax deduction.

President: Tim Roberts

Address: 1144 Market Street, Suite 203  Wheeling, WV 26003

Phone: 304-233-1185  Fax: 304·233·1188

E-mail: TimRoberts@stratuswave.net

Executive Vice President: Ned George

E-mail : NedGeorge@pgka.com