Newsletter Archives

Planned Giving to HHE Charities

July - August - September 2006 Newsletter


What is planned giving? A planned gift can be any kind of gift, large or small, and can be for any purpose. While gifts of cash are the largest source of charitable gifts, planned gifts are typically not outright cash gifts. Rather, they are sizeable asset gifts, such as life insurance, real estate, stocks and bonds or mutual funds to be used in the future. Charitable remainder trusts, gift annuities and other gift-planning arrangements are regularly funded using assets other than cash. Another definition of planned giving is the process of making a charitable gift of estate assets to one or more nonprofit organizations, such as Hindu Heritage Endowment.

The most common example of a planned gift is through a Will. A revocable Living Trust resembles a Will, and setting it up is more involved, but it may have advantages for some people. Another example is a charitable remainder trust. During the life of a person, he or another person receives an income from the trust and then the remaining assets would go to one or more charities. In 2005 the Iraivan Hindu Temple Fund, HHE fund #2, received over US$1.3 million from a charitable remainder trust.

Life insurance policies provide the means by which a donor can make a large charitable gift at a modest out-of-pocket cost. There are three ways to give through life insurance: (1) the charity is the beneficiary of the policy; (2) the charity is the owner and beneficiary of the policy; and (3) the life insurance policy is a replacement for donated assets. Several HHE endowments are beneficiaries of life insurance policies.

A popular deferred gift is the charitable gift annuity, which is a lifetime contract between the donor and the charity. It is relatively simple to understand and establish. The donor can also name someone else as the annuitant to receive the annuity payments. The donor gives a gift, $50,000 for example, and receives a set amount of money every year for the rest of his or her life.

Some planned gifts, such a charitable gift annuity, are irrevocable. Others, such as will bequests, can be revoked. Depending on the country of the donor, an irrevocable gift can generate an immediate income tax charitable deduction, whereas revocable gifts do not. A planned gift requires careful thought on the part of the donor, considering his or her overall estate plan. Legal documents, created with the help of planned giving professionals, are often required. Planned gifts are usually arranged now and fulfilled later. There are numerous professional advisors in the charitable gift-planning field: certified financial planners; estate planning attorneys; life insurance professionals; certified public accountants and trust officers.

In the US, the National Committee on Planned Giving is the primary association linking planned giving officers and allied professionals. More than 120 planned giving councils represent 11,000 gift planners. For the council nearest you call 317-269-6274 or visit www.ncpg.org. In Canada the Canadian Association of Gift Planners represents 1,000 gift planners throughout the country. Their website is www.cagp-acpdp.org and the contact number is 888-430-9494.

The Charities Aid Foundation in the UK is committed to helping donors give in a tax-efficient and easy way. Visit their website at www.cafonline.org/individual/ and download their guide to tax-effective giving. CAF also has offices in India, Australia, Bulgaria, Brussels, Russia, Southern Africa and the USA.

New to planned giving and want to learn more? Please visit HHEís planned giving link at www.hheonline.org. Here you can read all about providing the security you seek from your investments while eventually providing much-needed gifts to one or more of the 65 HHE endowments and their charities.

October to December Endowment Contributions

Kauai Aadheenam Monastic Endowment
Anonymous US$100.00
Rajendra Giri 21.00
Gunasekaran Kandasamy 320.00
Niraj Thaker 14.20
Other Donations 81,452.73
Total 81,907.93
Iraivan Temple Endowment
Anonymous 516.50
Maruthu Pandian Dharmalingam 26.82
T. Sri Ganesan 26.30
Rajendra Giri 240.00
Victoria Johnson 9.00
Mohan Rao Korukonda 75.50
S.V. Ravi Rahavendran 903.00
Rakesh Sood 325.00
Rajeswari Sundararajan 90.00
Niraj Thaker 14.20
Other Donations 27,773.68
Total 30,000.00
Kauai Aadheenam Annual Archana Fund
Anonymous 5.00
Gunavadee Caremben 2.41
Somasundaram Caremben 2.41
Sukanta Caremben 2.41
Maruthu Pandian Dharmalingam 359.94
Rajendra Giri 21.00
Tirunyanam Gunasegaran 4.95
Victoria Johnson 3.00
Kartikeya Easan Katir 243.11
Dasan Mahadevan 720.00
Saroja Devi Manickam 11.03
Bhaveshan Moorghen 27.37
Shanda Kumaran Moorghen 27.37
Udeyadeva Moorghen 27.37
Sathialingeswari 13.36
Loganatha Shivam 50.00
Devaladevi Sivaceyon 5.25
Nutanaya Sivaceyon 5.25
Patudeva Sivaceyon 5.25
Hemavalli Sivalingam 1.61
Kantha Ruben Sivalingam 1.61
Rohini Sivalingam 1.61
Potriyan Sivanathan 4.01
Girish Skanda 13.00
Javanya Skanda 4.52
Subasene Skanda 13.00
Devi Tandavan 464.65
Total 2,040.49
Hinduism Today Lifetime Subscription Fund
Ved Chaudhary 240.00
Sundar Mani Dixit 240.00
Suresh Gadasalli 800.00
Suguneswary Gunasegaran 55.90
Kriya Haran 101.00
Kartikeya Easan Katir 1,001.00
Amravadee Kownden 96.64
Sevanti Kumaran 10.00
Panna Nagarsenker 765.00
Charles & Jan Roberts 30.00
Jacob Russell 80.00
Nalayini Shanmugarajah 160.00
Lavanadevi Sivam 45.00
Meghasyamarao Theertham 161.25
Other Donations 16,000.00
Total 19,785.79
Hindu Businessmenís Association Trust
Vel Mahalingum 12.88
Manogaran Mardemootoo 32.21
Vishwanaden Moorooven 19.33
Janaka Param 20.00
Vedapragassen Peruman 6.44
Total 90.86
Kailasa Peedam Gift Fund
Rajendra Giri 21.00
Total 21.00
Hindu of the Year Fund
Rajendra Giri 21.00
Amit Kale 8.33
Total 29.33
Boys School for Iraivan Priesthood
Anonymous 100.00
Maruthu Pandian Dharmalingam 13.30
Rajendra Giri 21.00
Bala Sivaceyon 20.98
Total 155.28
Kauai Aadheenam Matavasi Medical Fund
Anonymous 474.00
William & Barbara Bachmann 100.00
Rajendra Giri 21.00
Carmel V. Hawn 590.42
Gowri Nadason 123.82
Nalakini Niranjana 50.00
Chamundi Sabanathan 108.00
Vayudeva Varadan 18.00
Other Donations 6,300.00
Total 7,785.24
Iyarappan Temple Trust
Rajendra Giri 21.00
Total 21.00
Kauai Aadheenam Renovation Endowment
Rajendra Giri 21.00
Total 21.00
Sri Subramuniya Ashram Scholarship Fund
Rajendra Giri 21.00
Total 21.00
Sri Subramuniya Kottam Fund
Anonymous 50.00
Rajendra Giri 21.00
Total 71.00
Malaysian Hindu Youth Education Trust
Rajendra Giri 21.00
Total 21.00
Kumbhalavalai Ganesha Temple Endowment
Anonymous 50.00
Rajendra Giri 21.00
Manoharan Navaratnarajah 75.00
Total 146.00
Sri Siva Subramaniya Swami Devasthanam Trust
Rajendra Giri 21.00
Total 21.00
Malaysia Hindu Renaissance Fund
Rajendra Giri 21.00
Total 21.00
Hinduism Today Production Fund
Rajendra Giri 21.00
Amit Kale 8.33
Total 29.33
Vishwamata Gayatri Trust Fund
Mohan Rao Korukonda 75.50
Total 75.50
Hindu Orphanage Endowment Fund
Anonymous 225.00
Lila Shakti Devi 125.00
Rajendra Giri 21.00
Gunasekaran Kandasamy 320.00
Ramakumar & Sailaja Kosuru 30.00
Sukesh Parasher 50.00
Alex Ruberto 55.00
Rakesh Sood 125.00
Rodney & Ilene Standen 30.00
Rajeswari Sundararajan 10.00
Niraj Thaker 14.20
Total 1,005.20
Hindu Education Endowment
Rajendra Giri 21.00
Total 21.00
Suntheram Family Trust Fund
Suntheram Family Trust Fund 1,500.00
Total 1,500.00
Hindu Press International Endowment Fund
Anonymous 30.00
Rajendra Giri 21.00
Total 51.00
Loving Ganesha Distribution Fund
Anonymous 401.00
Rajendra Giri 21.00
Manoharan Navaratnarajah 75.00
Gassa Patten 802.00
Total 1,299.00
Swami Agnivesh Endowment Fund
Maruthu Pandian Dharmalingam 13.30
Rajendra Giri 21.00
Total 34.30
Saiva Agamas Trust
Rajendra Giri 21.00
Total 21.00
Spiritual Park of Mauritius Endowment
Rajendra Giri 21.00
Total 21.00
Tirumular Sannidhi Preservation Fund
Rajendra Giri 21.00
Total 21.00
Mauritius Saiva Dharmasala Endowment
Rajendra Giri 21.00
Total 21.00
Alaveddy Pasupatheeswarar Temple Fund
Anonymous 50.00
Rajendra Giri 21.00
Jeremiah Umakanthan 25.50
Total 96.50
Hindu Heritage Endowment Administrative Fund
Anonymous 100.00
Amit Kale 8.34
Total 108.34
Kauai Aadheenam Religious Art and Artifacts Fund
Rajadeva Alahan 153.00
Rajendra Giri 21.00
Total 174.00
Thank You Bodhinatha Fund
Amarnath & Latha Devarmanai 324.00
Rajendra Giri 21.00
Sakuntalai Krishnan 29.21
Manoharan Navaratnarajah 150.00
Shanta Devi Periasamy 230.00
Alex Ruberto 45.00
Chamundi Sabanathan 101.00
Niraj Thaker 14.20
Jeremiah Umakanthan 25.50
Vayudeva Varadan 18.00
Total 957.91
Mathavasi Travel Fund
Rajendra Giri 21.00
Total 21.00
Udayan Care Endowment Fund
Rajendra Giri 21.00
Total 21.00
Saivite Hindu Scriptural Fund for the Visually Impaired
Maruthu Pandian Dharmalingam 13.30
Rajendra Giri 21.00
Alex Ruberto 45.00
Total 79.30
Sri Chandra Madhab Debnath Endowment
Shyamal Chandra Debnath 100.00
Rajendra Giri 21.00
Total 121.00
Murugan Temple Yalpanam Festival Fund
Rajendra Giri 21.00
Jeremiah Umakanthan 51.00
Total 72.00
Manitha Neyam Trust Fund
Bala Sivaceyon 20.98
Total 20.98
Tiptur Shiva Temple & Youth Hostel Fund
Rajendra Giri 21.00
Total 21.00
Kerala Temple Trust
Rajendra Giri 21.00
Total 21.00
Taos Hanuman Fund
Rajendra Giri 21.00
Total 21.00
Kapaleeshwara Temple Orphanage
Anonymous 125.00
Rajendra Giri 21.00
Prasad Krishnan 7.50
Ganesan & Rajalakshmi Ramalingam 75.00
Sundaresan Subramanian 10.00
Total 238.50
Kapaleeshwara Temple Orphanage
Jayanthi Vasudevan Naiker 300.00
Total 300.00
Manjung Hindu Sabha Orphanage Fund
Rajendra Giri 21.00
Eesan Sankara 20.00
Total 41.00
Pazhassi Balamandiram Orphanage Fund
Rajendra Giri 21.00
Natraj Narayanswami 15.00
Ganesan & Rajalakshmi Ramalingam 75.00
Total 111.00
Karnataka Temple Development Fund
Rajendra Giri 21.00
Hiranya & Saraswathi Gowda 606.16
Total 627.16
Sri Ganesha Hindu Temple of Utah Endowment Fund
Rajendra Giri 21.00
Total 21.00
Swami Vipulananta Childrenís Home Endowment
Anonymous 50.00
Rajendra Giri 21.00
Total 71.00
Hindu Literature Fund
Daren Clare 7.00
Rajendra Giri 21.00
Shirin Stave-Matias 11.61
Total 39.61
Hinduism Today Complimentary Subscription Fund
Rajendra Giri 21.00
Hiranya & Saraswathi Gowda 153.00
Total 174.00
Himalayan Academy Book Distribution Fund
Daren Clare 7.00
Yuvraj Saharan 10.00
Niraj Thaker 14.20
Total 31.20
Kauai Aadheenam Yagam Fund
Anonymous 5.00
Rajendra Giri 21.00
Victoria Johnson 3.00
Total 29.00
Yogaswami Hindu Girlsí Home of Sittandy Endowment
Anonymous 146.00
Daren Clare 7.00
Lila Shakti Devi 72.50
Maruthu Pandian Dharmalingam 40.13
Rajendra Giri 21.00
Julia Hall 75.00
Simon Low 108.00
Yuvraj Saharan 10.00
Jutikadevi Sivaraja 324.00
Silas H. Zirkle 375.00
Total 1,178.63
Siva Poomi School Trust
Shun K. Sunder 5,000.00
Total 5,000.00
Pooled Income Fund
Rajendra Giri 1,000.00
Satya Palani 1,875.00
Total 2,875.00
Total Contributions $158,730.38
Funds at Market Value, March 31, 2006
Total Endowment Funds $7,147,514.82
Total Pooled Income Funds $205,964.42
Grand Total $7,353,479.24

MISSION STATEMENT

Hindu Heritage Endowment is a publicly supported, charitable organization recognized as tax exempt by the IRS on April 22, 1994. Employer ID 99-0308924. Founded by Satguru Sivaya Subramuniyaswami, its philanthropic mission is to provide secure, professionally managed financial support for institutions and religious leaders of all lineages of Sanatana Dharma.

PROFESSIONAL ADVISORS

Halbert/Hargrove, Investment Counsel; Sonoda & Isara, LLP, CPA. HHE is a member of the Council on Foundations, an association of more than 2,000 foundations which interprets relevant law and management and investment principles, and of the National Committee on Planned Giving, the voice and professional resource for the gift planning community.

I want to participate. Where should I Send My Donation?

You may send your gift to an existing fund, create a new Endowment or request information through the address below.

Donations may be made online at www.hheonline.org or use the HHE tear-out card in the HINDUISM TODAY magazine to join our family of benefactors who are Strengthening Hinduism Worldwide. Thank you.

 
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Manitha Neyam Trust Fund

Supports the Sivapoomi Elders Home, a home for the elderly in Kondavil, Sri Lanka.

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Mahajana College Endowment

Supports Hindu religious activities at Mahajana College in Jaffna

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Loving Ganesha Distribution Fund

To distribute free copies of Loving Ganesha around the world

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Kodiswara Satguru Malaysia Travel Fund

Supports travel to and from Malaysia

Planned Giving Guidance

Default Estate Plans in Malaysia Do Not Always Please Survivors

Use Giving Assistant to save money and support Hindu Heritage Endowment