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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