ASA Challenge Trust:
The ASA Challenge Trust will be created to enable the secure management of charity funds committed to the trust. These funds will be invested into interest bearing vehicles intended to insure ASA's continued growth and sustainability by achieving required levels of endowment to fulfill the following ASA initiatives:
1. Fund ASA daily operations expenses
2. Finance ASA charitable event projects
3. Support the growth of ASA activities and required operations
4. Promote and encourage ASA values
5. Implement competitive event travel scholarships, to expose our athletes to nationwide and international competitive events.
It is the intent of the board of Athletes Serving Athletes that the ASA Challenge Trust enjoy oversight by one of the most trusted and respected private banking trust companies in the world.
How to Donate to the ASA Challenge Trust:
Donating to the ASA Challenge Trust is easy and fully tax-deductible due to our federal 501(c)(3) non-profit status.
A portion of all annual charitable contributions will be automatically deposited into the ASA Challenge Trust. In the future, after the ASA Challenge Trust has been fully funded and generating excess interest we can devote to aggressive charitable ASA initiatives, such as our ASA Athlete Scholarship programs. We intend to deposit 10% of all financial contributions directly into the ASA Trust fund, and operate using planned disbursements. Before this can become an active endeavor, we project a need, and have set a goal to grow the ASA Challenge Trust to a sustained balance of five million dollars ($5,000,000) in conservative interest bearing ASA Challenge Trust investments.
Those interested in helping us achieve our goal for self-sufficiency, may do so by indicating your desire to make a contribution to the ASA Challenge Trust, and 100% of your donation will be deposited into the trust fund account, not to be used until our goal for a five million dollar balance has been achieved.
To make a contribution to the ASA Challenge Trust, or to see a breakdown of our budgetary practice and need for funding please contact us at: info@athletesservingathletes.org
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Your contributions are greatly appreciated, thank you.
