The American Charolais Foundation (ACF) strives to meet the challenges of the future by providing additional research, breed development and educational activities benefiting the beef cattle industry and the Charolais breed. With a vision of continued progress for the Charolais breed, the ACF was formed October 20, 2015. Recognized as a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code in Spring of 2017, members of the American-International Charolais Association and industry interests may now make charitable contributions to the Foundation that will qualify for income, gift, and estate tax charitable deductions.
Bradley Cattle, Bruce & Janna Bradley, Marshfield, Mo. and Hankins Farms, Jason & Pam Hankins, Springfield, Mo. have donated this year’s ACF Donation Heifer selling in the 43rd National Charolais Sale, January 15, 2022. When the gavel falls the highest bidder will purchase Lot 21: BC/HF Miss Danica 135 TW. View video here.
Add-ons will be collected and recognized as the Friends of Charolais Youth Syndicate. Make your Pledge to the Friends of Charolais Youth today! Contact: Kaitlyn Chism, office: 816-464-2474 ext 201, cell: 515-205-9704, firstname.lastname@example.org.
Russell W. Ludeke – Harold Christopher Truax II Memorial Award Applications Due September 1
Eligible applicants for this $4,000 veterinary or medical student professional scholarship must be enrolled in an accredited veterinary medicine or medical institution and be or have relation to an American-International Charolais Association member. Application evaluation criteria includes academic excellence, financial need, leadership and interest in the cattle industry.
Russell W. Ludeke – Harold Christopher Truax II Memorial Award applications can be found below. Completed applications must be postmarked to the ACF office on or before September 1
About the Russell W. Ludeke – Harold Christopher Truax II Memorial Award
With an initial gift from QuestMark Information Management, Inc., Charolais breeders Larry and Beth Ludeke of Bar J Charolais, Liverpool, Texas and the Evelyn Gay Duhon Family of JVS Cattle Co., Sulphur, Louisiana, seek to provide professional awards annually to those impacted by the Charolais breed.
The Saddle & Sirloin portrait gallery serves as the livestock industry’s hall of fame and is one of the highest honors awarded to individuals in the livestock industry. The award is presented by the Saddle and Sirloin Award Committee based on an individual’s service and industry impact. The nomination process and all related events are self-supporting. All funds generated through fundraising efforts for the commissioned portrait and induction events are being collected in the American Charolais Foundation. Once all the portrait commission and award induction expenses have been paid, the balance will remain in ACF to establish the J. Neil Orth Leadership Award, recognizing outstanding national youth leadership. For more details on how to contribute to The J. Neil Orth Leadership Award Fund, please click here.
Orth’s official induction into the Saddle & Sirloin Portrait Gallery will be Sunday evening, November 14, 2021, at the North American International Livestock Exposition, held at the Kentucky Exposition Center. Reception begins at 5 p.m. Dinner and Induction Ceremony begins at 6 p.m. Dinner Tickets are $75 each. Complete event details including menu and reservations can be made here.
Thank you Evelyn Gay & Mike Duhon, Sulphur, La., and Friends of the Charolais Youth for raising $20,650 for the youth and education mission of the American Charolais Foundation. BJCF/JVS Ms Benefit 215H donated by Larry & Beth Ludeke, Bar J Charolais, Liverpool, Texas, was purchased by Duhons for their granddaughter Scarlett Smith’s herd.
Friends of Charolais Youth Syndicate:
The most common and simplest way to contribute. All gift sizes welcome. The Foundation will send a thank you letter with the information needed to substantiate the deduction.
With the help of an advisor, a gift can be made to the American Charolais Foundation in your will or trust as part of your estate plan.
Most retirement plans, including 401k and IRA plans, do not charge income tax until the distribution of funds. Donors above the age of 70 1/2 may make charitable contributions directly from an individual retirement account (IRA) without incurring income taxes for the distribution.
The beneficiary designation of your policies and plans determine where the proceeds will be distributed. The death proceeds of a life insurance policy are not typically transfered through your will and can be distributed to a charitable organization if listed as your beneficiary. Retirement assets make ideal gifts to tax-exempt organizations such as the ACF with eligibility to receive the full amount and not pay income taxes as the beneficiary.
With a charitable remainder trust, the donor receives income from the assets of the trust for a period of time and at termination the remainder of the property will be transfered to the charitable organization. With a charitable lead trust, the charitable organization receives income for a period of time and at termination of the trust the remainder passes back to the donor.