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Overview:  Giving is a personal matter – each according to his or her ability, interest, and inclination.  No gift is too small, one too large.  The pride of participation in a lasting legacy for youth are what are important.  There are several levels and types of personal, club, division, and corporate gifts suggested. 

The following are described below in more detail:

·    Fellowships

·    Memorial and Remembrance Gifts

·    Planned Giving

General Notes on Giving

Tax Deductions:  The Pacific Northwest Kiwanis Foundation is a non-profit, charitable corporation recognized by the U.S. Bureau of Internal Revenue (IRS Code 501(c)(3)).

Currency:  The Foundation accepts US and Canadian gifts at par, based on residence of donor.

How to Make a Donation:  It is sufficient to send a cheque payable to "Pacific Northwest Kiwanis Foundation" and a letter written with all relevant details including your phone number in case any additional details are needed.  In some cases (see below), application forms have been prepared for your convenience.

FELLOWSHIPS

The Fellowship Awards appropriately honor individuals who have dedicated themselves to the principle of service to others.  A Kiwanian will often secure his or her own fellowship.  Purchasers of Fellowships may "upgrade" their fellowship levels by making additional donations (e.g. from Bronze to Silver).  Donation Form

Medallions are individually numbered, and a list of all recipients is maintained.  Receptions for recipients are held each year at Pacific Northwest Kiwanis District Conventions.

The Joan B. Clutts "Rusty" Fellowship is a tribute to the late Dr. Joan B. “Rusty” Clutts and her commitment to helping the children of the world.

J.N. Emerson was PNW Kiwanis District Governor in 1939 and Kiwanis International President in 1946-1947.  He was also founder of Circle K clubs, which have grown to an international organization of about 10,000 college and university students.

MEMORIALS AND REMEMBRANCE GIFTS

Memorials:  The Memorial Fellowship plaque is a way for individuals, families, clubs, divisions, and the District to pay permanent tribute to the memory of one whose presence has been taken from us, but whose spirit and accomplishments live on.  Donation Form

Birthday/Anniversary Remembrance Gifts:  This gift is suggested for use to convey the sentiments of donors on birthdays, anniversaries, and other special occasions.  It should also be considered to honor the memory of others who have passed on.  Donation Form

PLANNED GIVING

You can plan ahead to leave a lasting legacy to the foundation.  There are a number of ways:

·    Bequest

·    Charitable Gift Annuity

·    Life Insurance

·    Charitable Remainder Trust

·    Revocable Living Trust

·    Retirement Plan Beneficiary

The following is not given as legal or financial advice.  It is highly recommended that you consult a financial planner, tax specialist, and/or attorney.

Bequests: You may make a bequest to the Pacific Northwest Kiwanis Foundation by preparing a new will or adding a codicil (or amendment) to your present will. To guarantee that your exact intentions are followed, wills and codicils should be prepared with the advice of your attorney. The following language is suggested for use in making an unrestricted bequest. Ask your attorney to include such words as these:

"I give to Pacific Northwest Kiwanis Foundation, with headquarters at P.O. Box 747, Beaverton, Oregon 97075 USA, all (or state percentage) of the residue or remainder of my estate, to be used as its Board of Trustees determines."

Advantages of a Bequest: By preparing a will, you are ensuring that your assets are distributed to the people and institutions that are most important to you. A charitable request is deductible for federal estate-tax purposes with no limit on the amount of the deduction. Charitable bequests generally are not subject to state inheritance or estate taxes. Often the tax savings can be substantial.

Charitable Gift Annuity: When you establish a charitable gift annuity, you transfer money or securities to a charity in exchange for its commitment to pay you and/or other beneficiaries each year for the lives of the beneficiaries.

The amount of income or annuity that will be paid is established by each charity that issues gift annuities, and generally depends on the age of the beneficiary. The simplicity and certainty of the gift annuity makes it attractive to many donors. Donors like the fixed payments for life-the fact that part of the payments may be tax free, a that the effective yield is extremely attractive.

The deferred gift annuity can be especially attractive to middle-aged professionals and can be an excellent way to build a sound retirement income. Funding an annuity with appreciated stock offers great returns and some outstanding tax advantages. Annuities of at least US$5,000 provide tax benefits along with the security of a fixed, lifetime income. The agreed upon payments remain unchanged regardless of how the investments perform.

Life Insurance: A planned gift to the Pacific Northwest Kiwanis Foundation may be made through a gift of life insurance. For the gift to be tax-deductible, the International Foundation must be the owner and beneficiary. Policies may be new, have premiums remaining to be paid, or be a fully paid policy that you have owned for years. If premiums remain to be paid on a policy for which Foundation is the owner and beneficiary, the payment will be a deductible contribution. The Foundation could also be named as the beneficiary of a policy that it does not own. This provision will not provide any current tax advantages, but the money passing to the Foundation at the insured's death will qualify for the federal estate tax-charitable deduction.  Taxation: Not applicable. Benefits: Tax deduction for premiums paid by donor; avoid estate taxes and probate costs.

Charitable Remainder Trust: Another alternative to an outright bequest is a charitable remainder trust. A charitable remainder trust is a popular arrangement for individuals wanting to make a generous deferred gift to a charitable institution. Through a charitable remainder trust, a donor irrevocably transfers money or property to a trust, which is created with an attorney's assistance. The trust agreement directs that a specified income be paid each year to you and/or other beneficiaries for the rest of your life, or for a specific term.

Charitable remainder trusts provide several benefits, including an annual income to the donor or other beneficiaries designated in the agreement, an immediate income tax-charitable deduction, and avoidance of capital gains tax. Indeed, you may find that a charitable remainder trust can increase your retirement income, help you escape from a lock-in investment position, and provide more security for you and your family.

Revocable Living Trust: Another popular way to make a gift to the Pacific Northwest Kiwanis Foundation is to include it as a beneficiary of a revocable, living trust. If you wish to include the Foundation in your living trust, please contact the Planned Giving Office for suggested language. Taxation: The beneficiary taxed on income received. Benefits: Principal available to donor upon demand, estate tax deduction.

Retirement Plan Beneficiary: Naming a charity as the beneficiary of a qualified retirement plan is becoming an increasingly popular way to give. Because of the way qualified plans are taxed, at your death relatively little of the assets in the plan may end up in the hands of family members or beneficiaries. These assets not only are included in your gross estate for federal estate tax purposes, but also are taxed when received by the beneficiaries as income with respect to a decedent.

Funding a charitable gift to the Foundation with these assets generates an estate tax-charitable deduction. Further, the Foundation will not have to pay income tax on the assets when they are received. So, using plan assets for a gift to the Foundation and other assets for family members can be beneficial to all.

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