We will be glad to discuss proposed contributions with you. As a public charity, the Endowment offers donors the maximum charitable tax deduction permitted by law. It may be advantageous for you to make a current gift based on this year’s tax situation or you may prefer to give by your estate plan. The estate plan giving aspect of the Southeast Endowment is known as the Sam & June Hamra Heritage Society. An estate planning gift allows you to divide property between loved ones and charitable interests in whatever manner may be desired. An estate planning gift to the Endowment may have estate tax benefits as well.
Cash Gifts
Donations may be made to the Endowment to grow the funds from which the interest earned will be used for charitable giving.
Planned Giving
Make a donation of cash or stock from your estate or ask loved ones to designate the Rotary Club of Springfield Southeast Endowment, Inc. as the recipient of memorials.
There are many ways to give to the Endowment
- Cash pledges or contributions
- Gifts by bequest
- Gifts through life insurance
- Gifts through charitable remainder trusts
- Gifts through charitable gift annuities
- Gifts through charitable lead trusts
- Stock donations
- Tax-free rollover of qualified plans
- Memorial and commemorative gifts
Suggested Will Language to make a testamentary unrestricted gift to the Endowment
I give and bequeath ___________________ (describe gift, such as, a specific dollar amount or percentage of estate value, etc.) to the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), to hold, manage, invest and reinvest the same, to collect the income and to utilize the funds hereby given for the general purposes of the Endowment in accordance with the policies of the Endowment in effect from time to time.
Suggested Trust language to create a testamentary unrestricted gift to the Endowment
At the death of the Surviving Grantor, the Trustee shall distribute _________________________ (describe gift, such as, a specific dollar amount or percentage of estate value, etc.) to the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), to hold, manage, invest and reinvest the same, to collect the income and to utilize the funds hereby given for the general purposes of the Endowment in accordance with the policies of the Endowment in effect from time to time
Suggested qualified retirement plan asset such as a 401(k), (403(b), IRA, Keogh or profit-sharing pension plan beneficiary designation naming the Endowment to receive a specific amount or percentage
Request and complete a change of beneficiary form from your plan administrator with this suggested language:
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), as the beneficiary of ______________ Dollars ($___________) or _________________ percent (____%) of my account.
Or
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”) as the beneficiary of a fractional share of my account with the numerator of the fraction being ____________________ Dollars ($ ___________) and the denominator of the fraction being the value of my account on the date of my death.
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), as the beneficiary of ______________ Dollars ($___________) or _________________ percent (____%) of my account.
Or
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”) as the beneficiary of a fractional share of my account with the numerator of the fraction being ____________________ Dollars ($ ___________) and the denominator of the fraction being the value of my account on the date of my death.
Suggested life insurance beneficiary designation naming the Endowment to receive a specific amount or percentage
Request a beneficiary designation form from your insurance agent, insurance company, plan administration or access it from the insurance company website. Complete the form with this suggested language:
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), as the beneficiary of ______________ Dollars ($___________) or _________________ percent (____%) of my policy death benefit.
Or
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”) as the beneficiary of a fractional share of my policy death benefit with the numerator of the fraction being ____________________ Dollars ($ ___________) and the denominator of the fraction being the value of my policy on the date of my death.
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”), as the beneficiary of ______________ Dollars ($___________) or _________________ percent (____%) of my policy death benefit.
Or
I hereby designate the Rotary Club of Springfield Southeast Endowment, Inc., a Missouri non-profit corporation (the “Endowment”) as the beneficiary of a fractional share of my policy death benefit with the numerator of the fraction being ____________________ Dollars ($ ___________) and the denominator of the fraction being the value of my policy on the date of my death.