leaving a legacy of hoperotary’s endowment fund
DESCRIPTION
How Rotarians and friends of Rotary can support the humanitarian work of The Rotary Foundation with major gifts and bequests to the Endowment Fund. Named endowment funds are described and how The Rotary Foundation recognizes donors. Describes opportunities to support the Rotary Peace Centers. Presenters will review the new funding model being adopted by The Rotary Foundation on July 1, 2015. The seminar will give the participants suggested specific action steps they can take in their club and district. There will be opportunities for questions.TRANSCRIPT
Leaving a Legacy of HopeRotary’s Endowment
Fund
Webinar Discussion Leaders
Paul NetzelRotary Foundation Trustee 2014-18Past Chair Peace Centers Major Gift InitiativePast RI Director Rotary Club of Los Angeles, District 5280
Dean RohrsRegional Rotary Foundation CoordinatorPast Rotary CoordinatorRotary Club of Langley Central, District 5050
Chris OfferEndowment - Major Gift AdvisorPast Regional Rotary Foundation CoordinatorRotary Club of Ladner, District 5040
In 1917, Arch C. Klumph proposed that an endowment be set up “for the purpose of doing good in the world.”
Contributions to the Endowment Fund are NOT spent.
Contributions are invested in perpetuity. Only the earnings
are used to support Foundation programs.
Rotarians May Designate How Spendable Earnings Will Be Used
General support—World Fund
Support projects in a particular area of focus
Support Foundation projects and your district – SHARE
Endowment Fund Statistics
Goal: $1 Billion by 2017
Net Assets: $337 MExpectancies: $569 MTotal $906 M
The Power of Endowment Giving
• An endowed fund established 20 years ago with a gift of $25,000 has grown to $39,267.
• Additionally, the endowed fund has provided $33,308 in spendable earnings.
How Can You Best Help Promote Rotary’s Endowment?
Help others include gifts to Rotary in their
estate plan (Bequest Society)
Most important source of
Endowment gifts
Anyone can do it
No geographicallimitations
Don’t forget beneficiary designations
Encourage Rotarians to
be recognized
by the district
Gift Options in Canada
Charitable Gift Annuities
Avoid capital gains tax-tax benefits-Major Donor and Arch C. Klumph Society recognition
Canada
Donations of stock/securities
Super Charitable Tax CreditOnly until 2017New Gifts of up to $1000
Gift Options in the U.S.A.
Charitable Gift Annuities
All Life Income Agreements offer:-tax benefits-lifetime payments-Major Donor & AKS recognition-the ability to maximize appreciated assets
Life Income Agreements
Charitable Remainder Trusts
Donor Advised Fund
Named Funds
Named Funds
$25,000Support World Fund or SHARE or Peace Centers
$100,000Support an Area of Focus
$250,000Support Area of Focus projects from a district
$500,000Establish an Endowed Rotary
World Peace Fellowship
$750,000Endows a two-year fellow
approximately every
$1,000,000Work with TRF to meet your
philanthropic goals
Rotary Peace Centers
•Duke University and UNC Chapel Hill, USA•International Christian University, Japan•University of Bradford, UK•University of Queensland, Australia•Uppsala University, Sweden
Professional development certificate Chulalongkorn University in Bangkok, Thailand
Recognition
Benefactor and Bequest Society Recognition
Gifts that are funded after the donor’s death
A Benefactor has made a provision in their estate
plan, or made an outright gift of $1,000 to Rotary’s
Endowment Fund.
A Bequest Society member has made a provision in their estate plan to gift a minimum
$10,000 to The Rotary Foundation.
Thank you for your support!
•Approximately 92,400 Benefactors
•Approximately 9,875 Bequest Society
Donor Recognition
• Benefactor
• Bequest Society
• Major Donor
• Arch Klumph Society
The Rotary Foundation
New Funding Model
Securing Rotary’s Future – New Funding ModelSecuring Rotary’s Future – The New Funding ModelOUR CURRENT FUNDING
MODEL
• Annual Fund Investment Earnings• Endowment Fund Spendable Earnings
OUR NEW Funding MODEL
JULY 1 2015
• Annual Fund Investment Earnings• Endowment Fund Spendable Earnings• 5% of Annual Fund Contributions• 5% Cash Contributions from Global Grants• Up to 10% on select corporate Gifts
Operating Expenses = Fund Development + General Administration
Planned Giving Website www.rotary.org/plannedgiving
What Every Rotarian Can Do
• Discuss your estate plans with your spouse & children
• Become a Benefactor 0r make a Bequest
• Talk with your financial planner
• Contact Planned Giving staff at TRF or Zone or District volunteer to discuss specifics of your estate planning
Contact Information
Chris OfferEndowment Major Gift [email protected] 604-940-9365
Dean RohrsRegional Rotary Foundation [email protected] 604-836-1454
Planned Giving Staff - [email protected] 847-866-3100