Get a Tax Deduction While Supporting Competitive Shooting
Here’s a way you can support competitive shooting, while getting a tax deduction. Donations to the NRA Competitive Shooting & National Championships Endowment can be tax-deductible. Started in 2007 by then NRA President John Siegler, the Endowment provides direct funding for shooting programs, including the NRA National matches at Camp Perry. This is a permanent Endowment, with investment income channeled to shooting programs.
According to the NRABlog: “Donations go right into the fund and stay there. They are never touched. 85% of the earnings (or interest) generated by the fund are dispersed to the Competitive Shooting Division for their yearly budget. The other 15% goes back into the principal. By never touching the principal, and reinvesting a portion of the earnings, the endowment will always grow. Simple as that.”
You can contribute in one of two ways — as a gift or as a tax-deductible donation. No matter what path you choose, the money still goes towards the overall cost of running the competitions. To make a contribution to the fund, download the Competitive Shooting & National Championships Endowment flyer, fill out the form and send it to:
NRA Treasurer’s Officer
11250 Waples Mill Road
Fairfax, Virginia 22030
“Once [the Endowment] is big enough, it could pay for all of competitive shooting. That’s something every competitor would benefit from.” — Dennis Willing, NRA Competitive Shooting Director.
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Tags: Camp Perry, John Siegler, National Matches, NRA Endowment, Tax Deduction