Foundation Committee Permanent Fund Chair 2011-2012
Anne Lewis - Rockport
Subbiah Doraiswami - District Governor
The Permanent Fund
To Secure Tomorrow
The Permanent Fund ensures The Rotary Foundation's ability to meet the urgent needs of the future through an endowment. An endowed contribution is a gift that the Foundation holds in perpetuity. The gift is invested, and only a portion of its investment return is used for purposes specified by the donor. To guard against inflation, the remaining investment return is added to the principal. The goal is to ensure that the principal maintains its real value over time. Thus, gifts to the Permanent Fund will grow and continue to support The Rotary Foundation for years to come.
Learn how to make a gift or commitment to the Permanent Fund.
ARE YOU AWARE???
1. "Are you aware" that you can give substantial support to the Rotary Foundation's effort to change and save lives, through a variety of international humanitarian programs, and that you do not need any cash to do so. You can become a "Benefactor" of the Rotary Foundation Permanent Fund ($1,000.) or a member of the "Bequest Society" of the Foundation ($10,000. or more) by adding a codicil to your and/or your spouses will, naming the Rotary Foundation as a beneficiary. Distinctive recognition pins are given to acknowledge such support. Not only does making such a bequest provide for the future integrity of the Foundation but your recognition can serve as an inspiration to other Rotarians. Contact the District RF committee for further information. email@example.com
2. "Are you aware" that if you are selling some investment property or your business you are probably facing a very large capital gains tax. If it is your intention to invest the proceeds of such a sale for income purposes you will only earn income on what you have left after paying the tax. This can often reduce your investment and therefore your income by upwards of 35%. In an effort to promote private charities the Revenue laws provide that you may establish a Charitable Remainder Trust whereby you give over the proceeds of the sale to your Charitable Trust. This eliminates the capital gains tax. Now your trust can earn income on 100% of the sale proceeds instead of +/- 65% of the sale. You establish how much you wish to receive as an annual annuity (there are reasonable limits of course, 6 or 7% perhaps). You and your spouse receive the income for your lifetimes and after you both die the principal of the trust goes to the charity(s) of your choice. There is also a charitable gift benefit as an added incentive. If you want you can use a portion of your extra income to purchase simple term insurance to replace the principal you have given away (your children can be the beneficiaries for example). This is a great way to increase your retirement income while doing something really good for others. This is not smoke and mirrors; this is a win-win opportunity. The District RF committee can give you further information. Contact firstname.lastname@example.org.
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