Wayne Leach updates Club on ROTARY Foundation Permanent Fund.

Posted by Ajay Caleb 
on Jan 03, 2012
 
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Recap of talk:

1. What the The Rotary Permanent Fund (click) (vs. Annual Fund of TRF) - a way to leave a legacy
2. Three levels of giving to the Fund - with acknowledgement for each level (starting at $1,000)
3. Deferred Tax advantages for Estate Planning
4. Possible to give Corporate Stock (directly - without cashing them in and subsequent tax)
5. Possible to have the Permanent Fund provide an Annuity (convert RRSP and/or RRIF)
6. Not Binding... if situation changes, can change situation with the Permanent Fund
7. Permanent Fund hopes to reach $1Bn by 2025, from which the fund operates, and interest earned (currently ~ 6%)
8. Actual funds are invested in a number of financial instruments, e.g. other funds
9. Excellent way to incorporate Gift to Permanent Fund and still have more for benefactors (due to tax advantages)
10. Wayne is available to help (free) Rotarians with their estate planning