News Update

Angus Update
Dec. 27, 2006

End of “Tax Year” Approaches

Charitable gifts to the Angus Foundation in support of its education, youth and research programs are genuinely appreciated regardless of the time of year the gift is made by the donor. Oftentimes, however, charitable giving decisions are made at “year-end” once an individual or couple knows their income tax situation for that respective calendar (tax) year. Accordingly, any charitable giving considerations to benefit the Angus Foundation in the waning days of this year will likewise be appreciated.

As a reminder, one should pay special attention to timing when it comes to year-end gifts. 501(c)(3) charities such as your Angus Foundation, in accordance with Internal Revenue Service (IRS) guidelines, will recognize the U.S. Postal Service’s postmark denoted on the outside of the carrier envelope used by the donor in transmitting the gift to the charity. Hence, in order to qualify for tax savings on your 2006 tax return, your gift must be completed by Dec. 30. For cash gifts, this means your gift must be personally delivered or mailed to the Angus Foundation in an envelope postmarked no later than Dec. 30.

Also, if you’re planning to make a gift of securities (appreciated stock), please call Milford Jenkins at (816) 383-5163 or (816) 390-4357 well in advance of the Dec. 30 deadline.

YCC Application Deadline Nears

Every year, the Angus Foundation selects one participant to sponsor on the Young Cattlemen’s Conference (YCC) tour. Sponsorship by the Foundation covers flight costs and registration fees. Incidental costs and meals are not covered by the Foundation sponsorship.

The applicant must be between the ages of 25 and 50 and must be a member of the National Cattlemen’s Beef Association (NCBA). This will be the fifth year the Angus Foundation has provided this opportunity to an Association member. YCC provides a venue to help develop future leaders in the beef industry. The conference aids in developing leadership skills in young Angus breeders and allows them to participate in a program that will expose them to many aspects of the cattle industry.

Applications for the 2007 YCC are available on the Angus Foundation web site, at YCC Applications. Applications are due at the Angus Foundation Friday, Jan. 5, 2007.

Foundation Heifer Package to Sell in Denver

Frank and Belinda VanderSloot, owners of Riverbend Ranch, Idaho Falls, Idaho, will donate the 2007 Angus Foundation Heifer, set to sell during the NWSS in Denver, Colo.

Riverbend Rita R125, a January 2005 daughter of Bon-View New Design 1407, will headline the package. She is bred to Mytty In Focus and is due to calve in March 2007. The sale of the package will precede the 2007 National Western Angus Bull Sale, set for 2 p.m., Thursday, Jan. 11, in the Beef Palace Auction Arena at the National Western Complex.

In addition to the heifer, the buyer receives:

30 days of free insurance from American Live Stock Insurance Co., Geneva, Ill.;
free transportation to the buyer’s farm or ranch provided by Lathrop Livestock Transportation, Dundee, Ill.; and
a flush and three embryo implants into the buyer’s recipient cows from Trans Ova Genetics, Sioux Center, Iowa.

For more information about the heifer package or ways you can contribute to the Angus Foundation, contact Milford Jenkins, president of the Angus Foundation, at (816) 383-5100, or visit with any regional manager.

— provided by the Angus Foundation