Fund Development by Albert DeSilver, Development Coordinator Save the Date for the Spring Golf Tournament! It’s that time of year—the Annu- al Golf Tournament and Oyster feed is back! Save the date for Thursday, May 23rd at Rooster Run Golf Club in Petaluma. Check-in and putting contest begins at 11:30 am, followed by a 1pm tee-time. Winners receive great prizes including gift certificates to play at local courses and high-end golf gear. Post-tournament our friends and partners at Tomales Bay Oyster Company and Hog Island will be providing an open Oyster Bar. Attendees can purchase raffle tickets for more great takeaways including sports and concert tickets, gift certifi- cates to local restaurants, and more! Golfers will also enjoy a great local dinner including beer and wine. Our Golf Tournament and Oyster Feed is a super fun way to support our community programs, all while having a really great time. Your sponsorship support translates into a direct positive impact on our com- munity. Recent center program highlights include our weekly Senior Congregate Lunch Program, our “Growing Old Gracefully” peer support group, our award- winning VAST Tutoring Center, Youth Job Training, Zoila’s licensed childcare, as well as our extraordinary Food Bank which serves hundreds of families every single week! Tickets will be on sale April 8th. If you’d like to be an event sponsor (all levels include play and meals), contact Albert DeSilver, adesilver@sgvcc.org.
Why We Give by Anne McClain
where it is invested. We cannot touch the money in that account but we are paid a defined percentage of the assets each year (as defined by the legal document set- ting up the trust.) This pay out continues until either both of us die or until the “remainder” in the account is down to 10% of the original value at which point it is passed on to the charitable organization, in our case the Community Center. We got a tax advantage for this and income from the annual payouts. We also got the benefit of knowing that the Center will receive a significant donation when we are gone.
Welcome to the “Why We Give” column. This is an opportunity for community members to reflect on what makes the Community Center special for them, and in turn what inspires their support. We also wanted to provide an educational forum for all of us to learn a little more about the unique tax incentives, opportunities and benefits of giving that may be unfamiliar to many of us as we navigate our estate plans. This quarter’s edition is dedicated to legacy giving, but each issue will be devoted to a different topic and way people express their generosity. If you’d like to be featured, please reach out to Albert DeSilver, adesliver@sgvcc.org, Develop- ment Coordinator, here at the center. Take it away Anne McClain . . . This is the place that we call home. Just as we tend our homes and our families we need to tend to our community. Our community is what makes it so lovely to live here. The San Geronimo Valley Community Center is the heart of our commu- nity. The Center serves everyone in our little villages. Programs for kids, elders and everyone in between. The Center nurtures the vibrancy of our local arts and music scenes. Those were my first touchstones with the Center. Participating in the Spring Art Show always gave me a deadline to force completion of a creative project. Then, when kids came along, there were classes and performances; Kate’s Cafe on Friday evenings and space to affordably rent for birthday parties. All of the things that the Center provides enrich our lives, just by being available, even if we don’t personally take advantage of them. We feel we should give back what we can to enable the Center to continue as the heart and soul of our community. What’s December without the Holiday Faire? What’s September without the Gala? What’s summer without Summer Camp, Summer Bridge and summer concerts? What’s Thursday without Senior Lunch and the Food Bank? We would miss the Valley Games and basketball in the Gym. We would miss the SGV Historical Society (now housed at the Center), the Green- stitch youth working on the climate crisis and the Family Music Hour. And what about the Rainbow Playgroup for babies, Zoila’s Childcare, the LOFT, Valley After School Tutoring and Next Gen? What would our Valley be without the hard work and caring of the Center’s dedicated staff? All of this is well worth investing in and caring about to see our whole community thrive and flourish. Whether you give money or your time and skills, you are bound to receive more in return by getting to know your community and your neighbors. You will gain satisfaction by work- ing together to make the world, and especially the San Geronimo Valley, a better place.
* Please consult with a tax professional as each person’s situation varies.
How We Give: Charitable Remainder Trusts
We were real estate rich and relatively cash poor. We wanted to sell off a building but the idea of handing over half of the proceeds to the tax man was unappealing. We heard about Charitable Remainder Trusts (CRT) from a friend, and after hav- ing it explained multiple times I finally understood it. A CRT is a non-revocable trust set up to benefit a particular charitable organization. An asset (in our case a building) is put into the trust and then sold. The proceeds go into a trust account
Skag Dukkers and Anne McClain
SGV Community Center Stone Soup Page 11
Made with FlippingBook - Share PDF online