Since 1935, BSA had purchased insurance policies that covered a variety of potential liabilities, including abuse claims. Local Councils and Chartered Organizations, which were not covered as insureds under BSA’s policies before 1971, purchased independent insurance policies. Beginning in the 1970s, however, BSA offered the option for Local Councils to pay a premium to be included as insureds under BSA’s policies, which many Local Councils elected to do. And from 1975 onward, BSA included all Local Councils as insureds, with Chartered Organizations gaining coverage in 1976. The need for that insurance became painfully apparent in the decades that ensued. What began as a trickle of seemingly isolated claims in the 2000s steadily increased as the degree and pervasiveness of the abuse came to light. Between 2017 and 2019, BSA resolved about 250 abuse claims for approximately $150 million.
Meanwhile, many states enacted revival statutes enabling survivors to assert claims that were previously barred by statutes of limitation, and by 2019, it became apparent that BSA could not continue to defend individual abuse claims on a cases-by-case basis and would need to declare bankruptcy. – https://aboutblaw.com/bib5
BSA also wholly owns or controls seven nondebtor affiliates:
BSA Asset Management, LLC; BSA Commingled
Endowment Fund, LP; BSA Endowment Master Trust;
National Boy Scouts of America Foundation; Learning for
Life; Arrow WV, Inc.; and Atikaki Youth Ventures Inc. and
Atikokan Youth Ventures Inc
The Boy Scouts of America (BSA) wholly owns or controls several nondebtor affiliates, each serving distinct roles that support the organization’s mission and financial stability. Here’s a detailed overview of each entity:
BSA Asset Management, LLC
- Role: This is the asset management arm of the Boy Scouts of America, established in 2008 to provide low-cost investment management services for BSA local councils’ endowments. Only BSA and its affiliates can invest through this entity.
- Structure: BSA is the sole member of this Delaware limited liability company.
- Purpose: It manages investments in accordance with the BSA’s investment philosophy, aiming to maximize returns while minimizing fees for local councils[1][2][3].
BSA Commingled Endowment Fund, LP
- Role: A limited partnership through which BSA-affiliated entities invest their endowment assets.
- Management: BSA Asset Management, LLC acts as the General Partner, while participating councils and affiliates are limited partners.
- Performance: The fund has historically delivered strong returns (around 9–10% over 30 years) with low management fees (approximately 0.6% of assets)[2][3].
BSA Endowment Master Trust
- Role: A charitable trust created to manage and invest the permanent funds of the BSA National Council, local councils, and other affiliates.
- Purpose: Provides a secure investment vehicle for BSA-related organizations, investing exclusively in the BSA Commingled Endowment Fund, LP.
- Structure: Managed by a corporate trustee, ensuring professional oversight and long-term financial stability for BSA entities[4][3].
National Boy Scouts of America Foundation
- Role: A 501(c)(3) nonprofit supporting religious, educational, charitable, and other purposes aligned with youth development.
- Function: Receives tax-deductible donations and supports the broader mission and programs of the BSA[5].
Learning for Life
- Role: An affiliate focused on character and career education, offering programs to schools and community organizations.
- Mission: Helps youth develop social and life skills, character, and positive values, serving over 1.5 million youth in more than 17,000 schools and organizations nationwide[6].
Arrow WV, Inc.
- Role: A nonprofit affiliated with the BSA, designated for charitable and educational purposes.
- Financials: Manages significant assets (over $357 million as of 2023) and is eligible to receive tax-deductible donations[7].
Atikaki Youth Ventures Inc. and Atikokan Youth Ventures Inc.
- Role: These entities are also controlled by BSA, though specific details about their programs and financials are limited in the provided sources. Based on naming conventions, they are likely involved in youth development initiatives, possibly in outdoor or adventure settings.
Summary Table
Entity Name | Type/Role | Key Purpose/Function |
BSA Asset Management, LLC | Asset Management | Manages endowment assets for BSA and affiliates |
BSA Commingled Endowment Fund, LP | Investment Partnership | Pools and invests endowment assets for BSA entities |
BSA Endowment Master Trust | Charitable Trust | Manages permanent funds for BSA councils, invests in Commingled Fund |
National Boy Scouts of America Foundation | 501(c)(3) Nonprofit | Supports BSA’s charitable, educational, and youth development mission |
Learning for Life | Educational Affiliate | Provides character and career education programs for youth |
Arrow WV, Inc. | Nonprofit | Manages assets and supports BSA’s charitable and educational purposes |
Atikaki & Atikokan Youth Ventures | Youth Development Affiliates | Likely focused on youth engagement, possibly in outdoor/adventure programs (details limited) |
These entities collectively enable BSA to manage its financial resources efficiently, support its mission-driven programs, and provide a stable foundation for future operations[1][2][4][5][6][7][3].
- https://www.linkedin.com/company/bsa-asset-management-llc
- https://filestore.scouting.org/filestore/NationalMeeting/2016/pdf/BSAAM_Brochure_2016.pdf
- https://filestore.scouting.org/filestore/financeimpact/pdf/BSAAM.pdf
- https://givefreely.com/charity-directory/nonprofit/ein-276850785/
- https://projects.propublica.org/nonprofits/organizations/752675978
- https://www.swflcouncilbsa.org/program/learning-for-life/64089
- https://projects.propublica.org/nonprofits/organizations/270441319