Escondido Sunrise Rotary; Meeting to Serve our Community via Zoom; and “Estate Planning; Many Ways to Share your Wealth with Charitable Giving”… February 3, 2022
As we all try to conduct our professional pursuits in new ways, it’s appropriate to remind ourselves of who we are as a Serving Organization… Our accomplishments, our fellowship and the reminder of our many successes is valuable as we seek new opportunities to serve…
This meeting was held via Zoom due to the contagious Omicron variant of Covid… And, opened with a “virtual bell”…
Online meetings will continue through February…
As a Club, we honored our nation with a salute to our Flag led by Gerry Fay…
And, an invocation was offered by Past President, Jack Anderson…
Guests and Visitors:
Our speakers, Laura Mello and Jean Larsen, both members of the Rancho Bernardo Sunrise Rotary Club…
Welcome!!
Now, some Sunrise Rotary member milestones…
Birthdays:
February 4: Fay Quick
10: Mark Quick
10: Chris Leso
Anniversaries:
February 6: Past President Brian and Nancy Murphy… 57 years
Quite a milestone… Congratulations and many happy returns!!
Rotary Anniversaries:
None this week…
Sunrise Rotarians Serving, and Announcements:
Mark you Calendars…
Note some service opportunities coming up…
District 5340 Workshop on Ending Human Trafficking…
March 4 at Liberty Station, “A Collaborative Summit” will take place enabling our Rotary region to become more familiar with the issue of human trafficking in our region…
Support for Fisher House at Camp Pendleton
Thursday March 17, after our Rotary meeting, will be the delivery project for items supporting Fisher House at Camp Pendleton… More information will follow as to needed items… Contact Past President, George Beitner if you want to visit Fisher House and help with the delivery of our support gifts…
Future Events with Dates to be Determined…
A service project at San Pasqual Union School
Local Rotary Events…
Area Rotary Clubs are celebrating…
The Bonsall Rotary is celebrating its 25th Annual “Wine Brews and Blues” event on May 14th
The After Five Rotary Club is having a fundraising gala event entitled, “The Great Gatsby” celebrating ten years of philanthropy; and honoring Rotarian and Retired Escondido PD Lieutenant, Al Owens… Saturday February 26th at the Morgan Run Club in Rancho Santa Fe…
The Route 78 Rotary Club is hosting its 8th Annual Mariachi Festival with Tacos, Tequila and Concert on April 10…
Rotarians Having Fun and Serving…
All kinds of fun and service and fun…
Pictures are worth a thousand words…
Celebrating the History of the Mormon Battalion’s Arrival in San Diego, 175 years ago…
Past President Barry and Lee Baker were part of the historical remembrance…
Barry was “baking” biscuits on a stick or commonly called, “Woof ‘Ems”… Past President Dave Herbert joined the historical celebration and “woofed” a couple of biscuits…
Barry explaining the commemoration event…
Hi-Fives…
Rising Star Program to Honor Students in a Bi-Monthly Recognition Event …
John Schwab shared information about the periodic Rising Star recognition event for High School Students… The recognition event will be held February 16 at DiCicco’s Restaurant at 7:30 AM on that date… Check with John to make a reservation to attend… Sunrise rotary supports the Rising Stars Program with an annual donation…
Program
Past President, Mike Dunlap introduced our program and our two speakers. Laura Mello is with Rady Children’s Hospital as the Director of Planned Giving… Jean Larsen is the Executive Director of the Legacy Endowment…
Laura began the teams’ presentation by speaking about gift planning and strategic charitable giving.
Laura Mello speaking to Sunrise Rotarians via Zoom…
As Laura described planned and strategic giving, she clarified the fact that planned giving is leaving part of one’s wealth to a charity, not just one’s income… All of this takes place as one desires to make a meaningful impact with their gift as part of their legacy…
Planned giving involves “value-based planning” and is more than just leaving a gift in one’s will…
Jean Larsen began sharing regarding the importance of reviewing and updating beneficiaries to one’s various investment accounts. Information was shared about what can take place if there is no beneficiary named, or if life circumstances have changed and old beneficiaries should be removed…
Jean Larsen speaking to Sunrise Rotarians via Zoom…
Information was shared as to the kinds of assets that are most ideal to share in a planned gift. Annuities, retirement accounts and the like are important… And, the aspects of tax avoidance by one’s heirs is a critical part of planning gifts.
All of this gets to the importance of having important conversations with family members as to one’s desires for disposition of their estate.
Another important consideration is the actual charity that one favors… Will the charity still be around at the time your gifts come to fruition? And of equal importance is whether the charity will be able to fulfill your desires for the uses of your gift…
And, will your gift be sustainable to meet your goals for the gift to the charity?? Essentially, will your intentions be fulfilled?
Jean shared a story about Benjamin Franklin and his endowment for educational and training awards. His endowment was set to last for 200 years, and during that time served many young people and their educational goals…
Laura concluded her remarks with a story about a young family whose prematurely born daughter required months of hospitalization with Rady’s Children’s Hospital; such care saved the little girl’s life. The young family, with limited means, was very thankful for the life-giving care received from Rady’s, that they wanted to gift the hospital… As is the case with many young families, they didn’t have the means to make a meaningful gift at the time they received their greatest benefit from the hospital… However, they have been able over time to leave a thankful legacy due to thoughtful planning. Laura revealed to us that the family in the story was her family and her daughter whose life was saved by the care received from Rady’s… A very impactful story of what planning can lead to for a charitable benefit… Even if it takes years for the strategy to be fulfilled…
Mike Dunlap added some perspective to the presentations by sharing insights into tax planning through charitable giving. Mike’s experience with the Rotary Foundation enabled many donors to enjoy significant tax savings while leaving important gifts for the Foundation’s work…
Past President Barry Baker shared that he has been able to use the assets of a rental property, whose value will ultimately be shared with his college, the Rotary Foundation and his heirs…
Thanks to Laura and Jean for their insights into planned giving…
The Opportunity Drawing…
Temporarily in hiatus while we are in an online meeting mode…
See you on line on February 10th…
Next Week’s Meeting:
Will be on line again as the Omicron variant is kicking up it’s ugly heels…
Our program will be Julie Holt speaking about the San Onofre Nuclear Generating Station…
Thanks for Attending Today’s Meeting…
Support for our Escondido Community …
Our great community and the success of its businesses is all of our responsibilities… Support the businesses that are doing all they can to survive during this challenging time… Take out some chow… Be ready to support them when the economy begins working again…
The ‘Giving Arch’ on Grand Avenue and Centre City Parkway reminds us that Escondido is a caring, giving community…
To all; be safe and be well…. God Bless those men and women that carry the load at our medical facilities, and God Bless our first responders… May our governmental leaders be wise, thoughtful and smart as this pandemic is overtaken by our hard work and collective support…
Online Meetings:
Technical Support for Online Meetings:
Our meetings will begin as a hybrid setting with in-person and on-line opportunities…The meetings will be technically managed by President Richard Agnew… Thanks for that Richard… And, Richard is prepared to support all of our attempts at joining the on-line meetings… Look for his email with details and links to log on to the upcoming Zoom meetings…
Watch for emails defining the next meeting. The system works fine, dependent upon your technical support available through your PC or laptop…
SEE YOU SOON…… ONLINE… Next meeting; Thursday, February 10; 7:30 AM… Check President Richard’s email for the Zoom Link…
