July 30th, 2007

NRA Starts Competition Endowment

In conjunction with the 100th anniversary of the NRA National Rifle and Pistol Championships at Camp Perry, NRA President John C. Sigler (at right) is initiating a Competitive Shooting and National Championships Endowment.

An endowment is a permanent fund or savings account that produces investment income. The permanent fund is never touched – only a portion of the fund’s interest is used for qualified programs. The balance is then reinvested to ensure the fund’s growth, thus providing a source of income in perpetuity. “Competitive shooting is at the core of NRA’s mission,” Sigler commented. “This endowment will help provide permanent funding necessary to ensure continued operation and growth of national-championship level competition, and enhance shooting participation wherever feasible.”

“NRA sanctions about 10,000 tournaments a year and conducts more than 50 National Championships,” Sigler continued. “It is essential that we not only protect our current programs but expand the opportunities for Americans to find new, fun ways to exercise their Second Amendment rights.”

Commenting on the endowment, Mike Krei, NRA’s Director of Competitive Shooting, said, “This initiative is a major step toward securing the long-term growth of NRA competitive shooting events. Serious competitive shooters who want a way to give something back to the sport in perpetuity will find no better option than this endowment.”

To donate to the NRA Competition Endowment, contact Frank Cerutti, Director of NRA Strategic Giving, at (703) 267-1571 or fcerutti@nrahq.org. Donations to some programs within this endowment may qualify as charitable gifts for tax purposes. Gifts may be made in cash, stocks or other assets, and pledged over time or as an estate gift.

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