GIFT FUND INFORMATION
On behalf of the Trustees, staff and all participants of the Firemen’s Annuity and Benefit Fund of Chicago, I would like to extend our sincere appreciation to everyone who has so generously donated to The Firemen’s Annuity and Benefit Fund, Gift Reserve Account in the past and all those retired and widowed participants who have authorized automatic deductions from the benefit checks for the continued support of our neediest widows and orphans.
In 2006, The Retirement Board authorized a distribution from “the Gift Reserve Account” of $500.00 to 737 widows who receive $1,200.00 per month or less and to the 99 orphan beneficiaries of our members. A total of $438,000.00 was distributed. The Retirement Board will continue to support our neediest widows and orphans through this account.
I am pleased to report to our members that, a new charitable organization, The Ende Menzer Walsh & Quinn, Retirees’ Widows’ and Children’s Assistance Fund has been created for the sole purpose of providing financial support to our neediest widows and orphans. This organization is totally separate from the Firemen’s Annuity And Benefit Fund of Chicago, and has been granted tax exempt status by the IRS under section 501(c)(3). This Fund will operate in addition to the Gift Reserve Account that is part of the pension fund.
There are several advantages to all members of the Tax Exempt Status of the new Charitable Organization:
– Donors can receive an IRS acceptable receipt for their donation(s) which may be used as a legitimate tax deduction.
– Distributions made to our neediest widows and orphans from this charity are not taxable income to them.
– The Charity is pursuing inclusion into the City of Chicago Charitable Giving Program which, if accepted, will allow active members to contribute on a pre-tax basis via payroll deduction.
Any Beneficiary of the Firemen’s Annuity and Benefit Fund of Chicago may authorize an automatic deduction directly from their monthly annuity check.
Active members may send checks directly to the Fund office.
Click on the link below to download the authorization form for the Gift Fund.
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