rotary district 7910

Rotary District 7910Rotary District 7910

How to Donate How to Donate to The Rotary Foundation?to The Rotary Foundation?

Would You ? Would You ?

Donate $ to a charity you support if …Donate $ to a charity you support if … – It did not come out of your pocket?It did not come out of your pocket?– Did not effect your life style ?Did not effect your life style ?– Was not a significant effect on your family ?Was not a significant effect on your family ?– Knew its effect would last forever ?Knew its effect would last forever ?oror– Came from new cash flow savings ? (Came from new cash flow savings ? (tax or expense)tax or expense)– Even process of considering donating resulted in…Even process of considering donating resulted in…

» Re-enforcedRe-enforced your on the right trackyour on the right track» Point toPoint to significant wealth improvements significant wealth improvements < NEW $< NEW $» Correct Correct "unintended consequences“"unintended consequences“

– Improved control, protection and value to your Improved control, protection and value to your family?family?

OverviewOverview

Rotary FoundationRotary Foundation – Why donate?Why donate?– What does it mean to your club?What does it mean to your club?

How to donateHow to donate – Out of pocket Out of pocket – Not out of pocketNot out of pocket

How to get startedHow to get started Why act now?Why act now?

You see it in the faces of those you help from Rotary grants.

Rotary’s ImpactRotary’s Impact

TRF Permanent FundTRF Permanent Fund uses only its yearly uses only its yearly earnings to support earnings to support Rotary Foundation Rotary Foundation programs that advance programs that advance our mission.our mission.

To secure tomorrowTo secure tomorrow

PolioPolio


• PolioPlusPolioPlus• PolioPlus PartnersPolioPlus Partners

““Eradication is attainable.”Eradication is attainable.”

Educational ProgramsEducational Programs

• Group Study ExchangeGroup Study Exchange• Ambassadorial ScholarshipAmbassadorial Scholarship• Rotary Centers for Rotary Centers for International StudiesInternational Studies


Humanitarian Humanitarian


• (3-H) Grants(3-H) GrantsHealth, Hunger and Health, Hunger and HumanityHumanity

• Volunteer Service GrantsVolunteer Service Grants Amplify Amplify YOURYOUR club projects ... club projects ...• Matching GrantsMatching Grants• District Simplified GrantsDistrict Simplified Grants

Programs you may know..Programs you may know..

$1,000$1,000 cash donation and you cash donation and you become a Paul Harris member.become a Paul Harris member.

$100 per year$100 per year via Every Rotarian via Every Rotarian Every Year (EREY) Program you Every Year (EREY) Program you become a Rotary Foundation become a Rotary Foundation Sustaining MemberSustaining Member

How to donate How to donate Out of pocket! Out of pocket!

For support For support todaytoday

““Planned Giving”Planned Giving” Working with Rotary Working with Rotary and your trusted and your trusted advisors to donate advisors to donate now and in the future.now and in the future.

Without effect on your Without effect on your cash flow or life style.cash flow or life style.

Increase benefits to Increase benefits to your heirs.your heirs.

How to donate How to donate Not out of pocket! Not out of pocket!

To secure To secure tomorrowtomorrow

How to donate How to donate Not out of pocket !Not out of pocket !

Testamentary GiftsTestamentary Gifts .. least effort and cost. .. least effort and cost.

Living GiftsLiving Gifts .. more effort, greater donation .. more effort, greater donation

and family benefits.and family benefits.

Benefactor - BequestBenefactor - Bequest

You Choose:You Choose:

BenefactorBenefactor ($1,000 or more)($1,000 or more)

Rotary Form Rotary Form (1-page)(1-page)

Insurance RI as Insurance RI as Co-Beneficiary Co-Beneficiary

++ (or)(or)Will CodicilWill Codicil

==Bequest SocietyBequest Society

($10,000 or more)($10,000 or more)

TestamentaryTestamentary

Benefactor - Bequest FormBenefactor - Bequest Form

BenefactorBenefactorYou Direct FundsYou Direct Funds

Trustees’ discretion (World Fund) Trustees’ discretion (World Fund)

To To SHARESHARE (District Designated (District Designated Fund and World Fund) Fund and World Fund)

Bequest SocietyBequest SocietyYou Direct FundsYou Direct Funds

Trustees’ discretion (World Fund) Trustees’ discretion (World Fund)

To To SHARESHARE (District Designated (District Designated Fund and World Fund) Fund and World Fund)

Children’s Fund (World Fund)Children’s Fund (World Fund)

RI Centers International StudiesRI Centers International Studies

TestamentaryTestamentary Gift Gift Rotarians Rotarians

IMPACTIMPACT: Rotary International as of Feb’09: Rotary International as of Feb’09 79,000 79,000 BenefactorsBenefactors at $1k min. $79 millionat $1k min. $79 million

6,0006,000 Bequest SocietyBequest Society at $10k min. at $10k min. $60 million$60 million

85,00085,000 7% of All Rotarians 7% of All Rotarians ActualActual Impact = $478 million Impact = $478 million

Just think what we could do if 100% of Rotarians did this simple step!Just think what we could do if 100% of Rotarians did this simple step!

Bequest SocietyBequest SocietyLevel 1 Level 1 $ 10,000 > 1- Diamond$ 10,000 > 1- Diamond

Level 2 Level 2 $ 25,000 > 2- Diamond$ 25,000 > 2- Diamond




Level 6 Level 6 $1,000,000+ 6- Diamond$1,000,000+ 6- Diamond

The Rotary Foundation Permanent Fund – Leaving a Legacy … To Secure Tomorrow

min. $139 millionmin. $139 million


IMPACTIMPACT: District 7910 potential: District 7910 potential PDG Carl: “we lost 30 Rotarians in our PDG Carl: “we lost 30 Rotarians in our

district last year” district last year”

If they had been Benefactor or Bequest If they had been Benefactor or Bequest members that members that would have beenwould have been … …

$30k to $300k to Rotary Foundation$30k to $300k to Rotary Foundation from our District in from our District in ONE YEARONE YEAR!!

Equates to $180 for each of our 1666 Equates to $180 for each of our 1666 District Rotarians.District Rotarians.

The Rotary Foundation Permanent Fund – Leaving a Legacy … To Secure Tomorrow

IMPACTIMPACT: at a Club: at a Club

RC WestboroughRC Westborough is also a 501(c)3 is also a 501(c)3

A member doing family wealth planningA member doing family wealth planning used a CRT (Charitable Remainder Trust) used a CRT (Charitable Remainder Trust) actuallyactually left $165,000 to his club! left $165,000 to his club!


Benefactor-Bequest Benefactor-Bequest DiscussionDiscussion

"if so simple why only 7% of Rotarians?""if so simple why only 7% of Rotarians?"

Is it…. Is it…. ► ► Did not know about it?Did not know about it?

►► Rotarian commitment? Rotarian commitment?

► ► Looks to complicated? Looks to complicated?

► ► Family impact?Family impact?

► ► No Insurance, No Will? No Insurance, No Will?

► ► Other?Other?

Your suggestionsYour suggestions? ?

► ► DFRT Club coordinator One on One? DFRT Club coordinator One on One?

► ► Email more information? Email more information?

► ► Meetings or Webinars?Meetings or Webinars?

► ► Club Bulletin (Foundation Recognition) Club Bulletin (Foundation Recognition)

► ► Other?Other?

Other way to donateOther way to donate

Living GiftsLiving Gifts

$355 million 2008-2009$355 million 2008-2009

““Family Wealth Planning” tools can createFamily Wealth Planning” tools can create

to make charitable donations during yourto make charitable donations during yourlifetime.lifetime.

If you If you savesave $100 would you $100 would you donatedonate $10 to Rotary? $10 to Rotary?

New cash flow expense savings New cash flow expense savings New tax savings (Income & Estate)New tax savings (Income & Estate)

Living Gift – Club ExampleLiving Gift – Club Example

RC Westborough Member redirects:RC Westborough Member redirects:$ Money from IRS to Rotary$ Money from IRS to Rotary

OneOne member doing family wealth planning* member doing family wealth planning* contributed enough to make it possible for all contributed enough to make it possible for all remaining club members to be “Paul Harris”remaining club members to be “Paul Harris”

This made RC Westborough the 2This made RC Westborough the 2ndnd club in club in the District to become the District to become 100% Paul Harris100% Paul Harris ! !

* 70.5 the IRS requires that you draw money out a minimum amount each * 70.5 the IRS requires that you draw money out a minimum amount each year (aka: Required Minimum Distribution/RMD) that normally becomes year (aka: Required Minimum Distribution/RMD) that normally becomes ordinary taxable income. He took advantage of the tax law and donated a ordinary taxable income. He took advantage of the tax law and donated a significant portion of the RMD to charity, including Rotary Foundation. significant portion of the RMD to charity, including Rotary Foundation. These donations counted toward the IRS RMD but it was...TAX FREE! These donations counted toward the IRS RMD but it was...TAX FREE!

Four “Win” TestFour “Win” Test

Did you know that with one gift you canDid you know that with one gift you can … …1.1. Make a major gift to support Rotary Make a major gift to support Rotary

Foundation.Foundation.2.2. Receive immediate tax benefits.Receive immediate tax benefits.3.3. Reduce capital gains tax on gifts of Reduce capital gains tax on gifts of

appreciated assets and investments.appreciated assets and investments.4.4. Receive lifetime income for you or others.Receive lifetime income for you or others.

Living Gift ExamplesLiving Gift Examples

……want to know how? Just ask us.want to know how? Just ask us.

Wealth Tools… Provide Charitable $ Wealth Tools… Provide Charitable $

New Family Wealth Plan Strategies can:New Family Wealth Plan Strategies can:• Reduce Income, Gift & Estate TaxesReduce Income, Gift & Estate Taxes• Increase $ to HeirsIncrease $ to Heirs• Create $ Funding for Charitable giftsCreate $ Funding for Charitable gifts

How?How? Work with yourWork with your Trusted AdvisorTrusted Advisor Team & RotaryTeam & Rotary

Problem: Problem: » TransparencyTransparency» TrustTrust

Solution:Solution: (common sense)(common sense)

» Use an Advisor Use an Advisor teamteam that that works together.works together.

» Consider augmenting the Consider augmenting the skill sets of your team with skill sets of your team with a fellow Rotariana fellow Rotarian

Financial Industry Problem / SolvedFinancial Industry Problem / Solved

Your Trusted Advisor Team & RotaryYour Trusted Advisor Team & Rotary

Like your businessLike your business Set Set youryour family goals family goals Select a skilled teamSelect a skilled team Develop your planDevelop your plan

Teamwork is the keTeamwork is the keyyFinancial “trusted advisors” Financial “trusted advisors” need coordinated interactions need coordinated interactions and transparency to succeed.and transparency to succeed.

AccountantAccountant Attorney Tax/EstateAttorney Tax/Estate P&C Insurance AgentP&C Insurance Agent Life Insurance AgentLife Insurance Agent

Financial PlannerFinancial Planner BankerBanker Benefits AdvisorBenefits Advisor

Investment AdvisorInvestment Advisor Realtor & Mtg AdvisorRealtor & Mtg Advisor Exit Plan SpecialistExit Plan Specialist Estate StrategistEstate Strategist

Your Trusted Advisor TeamYour Trusted Advisor Team

ProtectionProtection

SavingsSavings

GrowthGrowth

ImprovedImprovedPlanPlan

District Financial District Financial Resource TeamResource Team

Growing Growing everyday...everyday...

District Financial Resource TeamDistrict Financial Resource Team

Unique OpportunitUnique Opportunity !y !• 2010 2010 is the best time to update a family wealthis the best time to update a family wealth plan, while assets values & plan, while assets values & taxestaxes are still low! are still low!

• Independent Plan review can:Independent Plan review can:• Re-enforceRe-enforce being on the right trackbeing on the right track• Point toPoint to significant value improvements significant value improvements • Correct Correct "unintended consequences“"unintended consequences“

•Updated plan can provide:Updated plan can provide:• RightRight ToolsTools selected to better achieve your goals. selected to better achieve your goals.• Right SequenceRight Sequence to be more efficient. to be more efficient.• Right Implementation timingRight Implementation timing for optimal effect. for optimal effect.• Financial modelingFinancial modeling to see impact before decisions. to see impact before decisions.

How to get started…How to get started…

Talk to your family first!Talk to your family first!

Strategic plan with your advisorsStrategic plan with your advisors

Donating to RI can be a reason Donating to RI can be a reason

to start the discussion.to start the discussion.

Contact RotaryContact Rotary District 7910 Financial Resource TeamDistrict 7910 Financial Resource Teamto help augment your current advisors.to help augment your current advisors.

2010 Economy is a unique opportunity Setup or Update your Plan2010 Economy is a unique opportunity Setup or Update your Plan!!

You are a part You are a part of the Rotary Family.of the Rotary Family.

Plan now to be Plan now to be a part of it forever.a part of it forever.

Thank youThank you

for your supportfor your support

rotary district 7910

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