journeyof a begins with a single step. THOUSAND MILES The Lao Tzu Story Starter 2

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1 The journeyof a THOUSAND MILES begins with a single step. Lao Tzu Story Starter 2

2 future present. The depends on what we do in the Mahatma Gandhi 3 Office of Estate & Gift Planning, University of Hawai i Foundation

3 Story Starter Guide You have tremendous flexibility and control when designing your gift at UH Foundation. You can direct your gift to any existing program or purpose within UH s ten campus system, or you can start your own unique fund. For example: Student Scholarships Fund a student scholarships in your family's name and specify the scholarship criteria. Faculty and Research Invest in faculty and research programs that you think are critical for our state and our world. Memorial Fund Create a memorial fund for a loved one or special professor. Support Your Favorite UH Sport Support your favorite UH Mānoa or UH Hilo sport with new equipment and improved facilities. For Our University, Our Hawai i, Our Future. Our mission is to unite donors passions with the University of Hawai i s aspirations by raising philanthropic support and managing private investments to benefit UH, the people of Hawai i and our future generations. Office of Estate & Gift Planning P.O. Box Honolulu, HI giftplanning@uhfoundation.org UHFLegacyGift.org

4 A special message from the Office of Estate & Gift Planning Charitable estate and income tax planning is a powerful way to give back because this planning can provide substantial financial and tax benefits to you and your family, while supporting UH. The Office of Estate & Gift Planning is committed to helping you discover the best charitable tax strategies to achieve all of your financial, tax and charitable giving goals. As you read our Story Starter TM brochure, you will have the opportunity to meet some of our incredible donors, read about their inspiring journeys, understand why they have chosen to invest in UH and begin your own story using our simple Story Starter TM guide. Whether you have given or are thinking about giving to UH, we look forward to welcoming you into our ohana. Mahalo, Lani Starkey, JD, LLM, CPA Director Heritage Society member President s Club member Michael Coppes, JD Associate Director John Kinder, CRPS Associate Director (808) giftplanning@uhfoundation.org

5 The Heritage Society Membership Members of the Heritage Society are among the University of Hawai i s most important constituents. Founded in 1998, the Heritage Society honors alumni, faculty and friends who have used charitable estate and income tax planning to support students, faculty, and programs within the 10-campus system. To qualify for membership you may select any of the following: Charitable Gift Annuity (page 4) Charitable Lead Trust (page 5) Charitable Remainder Trust (page 6) Gift from a Will or Revocable Living Trust (page 7-8) Gift of a Home with Retained Life Estate Name UH Foundation as Beneficiary of a Life Insurance Policy, IRA or other Qualified Retirement Plan Benefits As a Heritage Society member you will: Attend members-only events and enjoy behind-the-scenes tours. Have unique opportunities to network with other donors and community leaders. Listen to ground-breaking lectures by prominent faculty and visiting scholars. Get special invitations to annual celebrations and holiday parties. Receive UH Foundation s newsletter, Kupono, and other timely announcements. 3 Office of Estate & Gift Planning

6 Norman W.H. Loui Donor Story Norman W.H. Loui Born and raised in Mānoa, Norman W. H. Loui was best known as one of the Loui brothers who owned Hawaiian Rent-All, Honolulu s largest equipment rental company for more than 40 years. After selling the business in 2003, Norman retired and was able to devote more time to his collection of 25 motorcycles and scooters and his love for fishing. Sadly, Norman passed away on April 21, 2006 at the age of 65, however his legacy lives on. One of his last wishes was to create a gift of hope for future generations of students at his alma mater, Honolulu Community College (Honolulu CC). Specifically, Norman wanted to provide financial support for students enrolled in the college s technical and trades programs. To help students fulfill their potential, Norman and his mother, Bernice Char Loui, created a charitable bequest to benefit Honolulu CC. Their historic gift of nearly $4 million was the largest single contribution to a UH community college ever. In recognition of this transformational gift, Honolulu CC s Kapalama Media Conference Center was renamed to the Norman W. H. Loui Conference Center. Ultimately, Norman laid the foundation for his legacy of hope. Story Starter 16

7 dream do genius, magic power and Whatever you can or you can, begin it. Boldness has in it. Johann Wolfgang von Goethe 3 Office of Estate & Gift Planning, University of Hawai i Foundation

8 Charitable Gift Annuity (CGA) How to create a CGA for UH Transfer Assets You Charitable Gift Annuity Receive Income (partly tax free) Support UH Students, Faculty, and Programs Advantages Receive lifetime fixed income (often 200%-400% higher than CD s). Bypass capital gains tax if you contribute appreciated property. Enjoy a substantial income tax deduction. Make a significant gift to UH Foundation for the benefit of UH. When you are ready to create your CGA you can: Go to our website and run a sample, confidential illustration, Call us and request an illustration or us to receive an illustration. Story Starter 4

9 Charitable Lead Trust (CLT) How to create a CLT for UH You Transfer Assets Charitable Lead Trust Principal to You or Family Receive Tax Deduction Support UH Students, Faculty, and Programs Advantages Enjoy a substantial income tax deduction. Eliminate estate and gift taxes. Make immediate gifts to UH Foundation for the benefit of UH. Distribute assets, income tax free, to you and your family. When you are ready to create your CLT you can: Go to our website and run a sample, confidential illustration, Call us and request an illustration or us to receive an illustration. 5 Office of Estate & Gift Planning

10 Professor Richard Linn Stevens Inspired by Professor Richard Linn Stevens dedication to the restoration of Hawai i s unique ecosystems, his son used a charitable bequest to create the Professor Richard Linn Stevens Endowed Scholarship Fund for Restoration in Professor Richard Linn Stevens, Ph.D., 84 & 90 the amount of $50,000 to honor his father s life mission. This scholarship, that his son also contributes to annually, will help support the tuition of University of Hawai i students who share in Professor Stevens spirit of protecting and restoring the glorious nature in Hawai i. Through the teachings of his Hawaiian hanai mother and father, Richard became a true local boy with a love of the islands. As a student at UH Mānoa, he learned the importance of protecting the future of Hawai i s ecosystems. Donor Story Q: When is the best time to plant a tree? A: 20 years ago. Q: When is the second best time to plant a tree? A: Now. Chinese Proverb Today, Richard brings his belief into action as a professor at UH West Hawai i by leading his students and other community members in numerous restoration projects. Over 25,000 planted trees, including those currently at the West Hawai i Veterans Cemetery, or the Arlington of the Pacific, are a testament to the power of one person s commitment to nature. Story Starter 14

11 You have not until you have done who can repay you. lived something never Anonymous 3 Office of Estate & Gift Planning, University of Hawai i Foundation

12 Charitable Remainder Trust (CRT) How to create a CRT for UH Transfer Assets You Charitable Remainder Trust Receive Income Support UH Students, Faculty, and Programs Advantages Receive lifetime income (often greater than the yield on contributed assets). Bypass capital gains tax if you contribute appreciated property. Enjoy a substantial income tax deduction. Make a significant gift to UH Foundation for the benefit of UH. When you are ready to create your CRT you can: Go to our website and run a sample, confidential illustration, Call us and request an illustration or us to receive an illustration. Story Starter 6

13 Gift from a Will or Revocable Living Trust (RLT) How to create a Will/RLT gift for UH Creating a charitable bequest to benefit the University of Hawai i through your will or revocable living trust is easy. Just follow the five simple steps below and give the attached Charitable Bequest Form to your attorney. He or she will do the rest! 1. Identify the area at UH you are passionate about and want to support. 2. Decide how much your gift will be. It can be a specific dollar amount or a percentage of your estate. 3. Determine how long you want your gift to last. You can create an endowment account so your gift will continue in perpetuity or an expendable account, a gift that lasts for a limited period of time. 4. Complete the Charitable Bequest Form on page 8 and deliver it to your attorney. 5. Optional: Let our office create a Gift Agreement for you. A gift agreement is a written understanding signed by you, UH and UHF that will outline precisely how your gift is to be used and ensures that your wishes will be met and your gift properly administered in the future. 7 Office of Estate & Gift Planning

14 Dr. & Mrs. Nan-Yao Su Donor Story Pictured from left: Dr. & Mrs. Nan-Yao Su, 82 and Dr. & Mrs. Minoru Tamashiro Dr. Nan-Yao Su earned a doctorate in entomology at the University of Hawai i at Mānoa under the tutelage of Emeritus Professor Minoru Tamashiro. While working with Dr. Tamashiro, Nan-Yao formulated the integrated pest management approach to subterranean termite control on which the Sentricon system is based. He went on to become a distinguished authority on termite behavior, ecology and control, and is the inventor of a top-selling termite bait product. I was very fortunate to have an excellent mentor at UH, Dr. Minoru Tamashiro, who showed me the path to science. Now that I am in a position to give back, I hope to provide something for students to broaden their horizons. Dr. Nan-Yao Su Heritage Society members Nan-Yao and his wife, Jill, have established the Nan-Yao and Jill Su Endowed Fund for Entomology at the UH Mānoa College of Tropical Agriculture and Human Resources (CTAHR). Their gift will support students at CTAHR with scholarships, awards, research and travel to conferences. To start this fund, Nan-Yao and Jill gave $35,000 to create an endowed scholarship and established a charitable lead trust that will generate an additional $90,000 for the endowed scholarship over the next 15 years. Story Starter 12

15 Education is not filling a fire. bucket, but lighting a William Yeats 3 Office of Estate & Gift Planning, University of Hawai i Foundation

16 Charitable Bequest Form Instructions for attorney Tax ID: Date: To: ATTORNEY'S NAME From: YOUR NAME I wish to create a charitable bequest to the University of Hawai i Foundation for the benefit of the University of Hawai i. Please contact the Office of Estate and Gift Planning, if needed, to assist you with the precise language to be used in my will or Revocable living trust. Based upon my responses below, they can help provide the appropriate wording to ensure that my charitable bequest is used in the manner I wish. 1. The purpose of my gift is: Restricted for the following purpose(s): For the greatest needs and opportunities at the University of Hawai i. To be used according to a gift agreement with UHF, which: Has been created Needs to be created 2. The amount of my bequest will be: Percentage of my estate % Specific dollar amount $ University of Hawai i Foundation & The Stelter Company The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results. Story Starter 8

17 lead. trail. Do not follow where the path may no path Go instead where there is and leave a Harold R. McAlindon 3 Office of Estate & Gift Planning, University of Hawai i Foundation

18 Lynne Kaneshiro I hope with my gift the students can feel proud to work with new equipment and in new, improved classroom facilities. I m proud to be part of the Kapi olani CC ohana. Lynne Kaneshiro Donor Story Lynne Kaneshiro was a former student of one of Chef Grant Sato s popular culinary classes at Kapi olani Community College (Kapi olani CC). Inspired by the teachings of Chef Sato, Lynne created a charitable lead trust that will benefit the Kapi olani CC Culinary Arts Renovations and Equipment Fund. This gift will help finance renovations, upgrades and equipment purchases for the Culinary Arts Department. Before her adventures in culinary class, she was a leader in the business community. Lynne began her career in 1969 with First American Title Company of Hawai i. By the time she was 26, she became the youngest executive vice president of the company. After gaining valuable experience in the industry, Lynne set out on her own path. She founded Island Title Corporation, a title insurance and escrow company, in 1982 and served as its chairman, president and CEO until Indeed, Lynne showed that she can cook in the business world, too. I m very thankful to Lynne for her gift to the Culinary Arts Program at Kapi olani CC. She has inspired us all with this wonderful gift. Chef Grant Sato, ' 97 Story Starter 10