Finances

BFO Corporate and Financial Information

     The Brough Family Organization (BFO) is directed and supported by the Richard Brough Family Organization (RBFO)--which is a non-profit Ancestral Family Organization.

Corporate History

     In December 1890, Samuel Richard Brough (1857-1947) returned to Utah after serving a four-year mission to the British Isles for The Church of Jesus Christ of Latter-day Saints. After returning to Utah, Samuel encouraged his Brough relatives living in the western United States to begin holding Brough Family Reunions. The "Brough Family Organization" was formally organized in 1918, with Samuel Richard Brough serving as its first president from 1918 to 1938.

     In 1969, Hyrum C. Brough, a son of Samuel Richard Brough, founded the Samuel Richard Brough Family Organization (SRBFO). From 1979 to 1982, the SRBFO operated alongside the Brough Family Organization-which was incorporated in 1979 in Utah as the Richard Brough Family Organization (RBFO) and approved in 1979 as a non-profit organization by the IRS (IRS #94-2612574).  In 1983, the SRBFO was fully merged into the RBFO (and the SRBFO's existence as a separate corporation was allowed to expire in 2005).  In February 2011, the RBFO changed its on-line identity to the Brough Family Organization (BFO).

     The BFO operates under the direction and support of the non-profit Richard Brough Family Organization (RBFO)--which was named after Richard Brough (1786-1873) of England.  From 1918 to 2020 the BFO held reunions in different locations.  It now encourages its members to hold their own parent or grandparent reunions.

      Today the BFO conducts genealogical and historical research into Brough families throughout the world, supports DNA studies, produces publications and videos, identifies military memorials, erects historical  monuments, preserves family documents, and participates in family history conferences.

Past and Present Finances of the RBFO

     The RBFO has no paid employees and its officers serve voluntarily.  Since its inception the RBFO has received financial support from its members and has spent over 80% of its finances on genealogical research, with remaining funds used to pay for the publishing of books and videos, postage, stationary, office supplies, computer typography, Internet and web expenses, government registration fees, organizational reunions and family history conferences.   Currently the RBFO has no debt and maintains a positive balance in accordance with financial objectives determined annually by its officers.  All financial contributions are greatly appreciated and are tax-deductible in the United States. Please mail contributions to: Brough Family Organization, 6563 South Afterglow Lane, West Valley City, Utah, 84081, USA.  Contributions can also be sent via PayPal.

     On an annual basis, the RBFO files Form 990-N or "Annual Electronic Filing Reguirements for Small Exempt Organizations" to comply with Internal Revenue Service (IRS) reporting requirements and to maintain its tax exampt status.  The IRS has accepted the tax return for the current year and the RBFO tax exempt status remains intact.

Tax Deductions and Information for RBFO Members 

     The Richard Brough Family Organization (RBFO) is one of the largest ancestral family organizations in the world, and is listed by the Internal Revenue Service (IRS) of the United States Government as a 501(c)(3) non-profit, tax-exempt family history and genealogical organization (IRS EIN # 94-2612574) that is "a public charity with a 50% deductibility limitation." ("The 50% limit applies to the total of all charitable contributions [a person] make[s] during the year. This means that [a person's] deduction for charitable contributions cannot be more than 50% of [his/her] adjusted gross income for the year.")

     According to IRS documents, United States citizens "can deduct [their] contributions of money or property that [they] make to, or for the use of [the RBFO]." Individuals who "give property to [the RBFO] can generally deduct the fair market value of the property at the time of [their] contribution." Also, RBFO members "may [also] be able to deduct some amounts" of "out-of-pocket expenses" they "pay in giving services to [the RBFO]"-such as "the cost of gas and oil, that are directly related to the use of [their] car in giving services to [the RBFO]", and "travel expenses necessarily incurred while [they] are away from home performing services for [the RBFO]." (See IRS Publication # 526 on "Charitable Contributions"--from which the above quoted statements come from--for further detailed information about these allowable tax deductions.)

Qualified Charitable Distributions

 as of 16 January 2025

See the attached PDF for further and extensive details.

Statement from the IRS (IR-2024-289, Nov. 14, 2024):

WASHINGTON — The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years.

For those age 73 or older, qualified charitable distributions (QCDs) also count toward the year's required minimum distribution (RMD).

Generally, IRA distributions are taxable, but QCDs remain tax-free if sent directly to a qualified charity by the trustee. To make a QCD for 2024, IRA owners should contact their IRA trustee soon to ensure the transaction completes by year-end.

Each eligible IRA owner can exclude up to $105,000 in QCDs from taxable income. Married couples, if both meet qualifications and have separate IRAs, can donate up to $210,000 combined. QCDs don’t require itemizing deductions.

For those planning ahead, starting this year, the QCD limit is subject to annual adjustment, based on inflation. For that reason, the annual QCD limit will rise to $108,000 in 2025.