President’s Article January 2014
The by-laws of the BMW Car Club of America Foundation states the Foundation is “organized exclusively for charitable, literary and educational purposes as set forth in Section 501(c) (3) of the Internal Revenue Code.”
The Iowa Chapter has always had a charitable and benevolent purpose in which we have donated funds to several very deserving entities or charities. Most notable and of late, has been the Animal Rescue League of Iowa. Charity laps at driving school and raffle proceeds from the BimmerWorld race car door are the most recent.
Once again, our Club will be donating proceeds from several items to two different charities, which you will soon be able to bid on during a silent auction and a raffle. The club has been the recipient of several notable items recently, including two partial front bumper covers from damaged Turner Motorsport race cars, autographed by Bill Auberlin and Will Turner, a 8 x 10 framed poster autographed by four Turner Motorsport drivers and a Prevette’s master detailing kit.
The first bumper cover will be raffled at our annual picnic next summer. Tickets will be on sale at all of our events between now and then with the proceeds being donated to the Animal Rescue League of Iowa. The other three items will be on display and auctioned with a silent auction during our Annual Dinner and Awards Banquet in Cedar Rapids on February 22.
The proceeds of our silent auction will be donated to the BMW CCA Foundation. The Foundation is currently in the process of a capital campaign drive to help secure the future of events such as Street Survival, archiving the history and library of the BMW CCA and expanding the museum in South Carolina.
The BMW CCA Foundation has received a matching funds challenge grant of $250,000 which will expire December 31, 2013. Although the matching funds grant will have expired, the Capital Campaign is still in progress and all members are encouraged to give in order to preserve and protect the history and programs of the BMW CCA.