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Posted by Prafulla Vegunta
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Timothy Davis: "Charitable Giving – Everyone Benefits"
 Tim Davis is a partner with Hellmuth & Johnson Law Firm and chairs their estate planning practice group. He spoke to the club about successful strategies for charitable giving. Davis, who helps clients create their charitable legacy, listed various aspects of charitable donations and gave some insights on charitable donors.
The club learned that Americans are generous givers. They give over $15 billion every year to international causes. Donors give for various reasons and have different priorities while choosing a cause. Wealthier donors monitor their giving and use professional advisors. Some stop giving when there are too many solicitations or for other reasons that Tim listed.
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Tim listed common strategies for charitable giving and spoke about different kinds of gifts. He had a hand-out with an exhaustive list of various options for charitable donations. This included a recent technique of IRA Beneficiary Designation.
Tim also discussed Donor Advised Funds, an option available for donors to Eden Prairie Community Foundation (EPCF). Pastor Rod Anderson, Development Committee Chairperson for EPCF, appreciated Tim’s affirmation of Donor Advised Funds as an excellent vehicle for charitable giving while living, and by family after death. For the last several years EPCF has provided Donor Advised Fund opportunities and at this time all who have set up such funds are EP AM Rotarians! Members can get more info from Mark Weber.
ANNOUNCEMENTS
- A Rotary moment featured Dan O’Brien responding to a question from Roger Jorgensen.
- Jan Eian informed us that she and three others from the club – Jeanne, Irene, and Carol – attended the Dist. 5950 Mid-term Training over the weekend where EPAM was given two awards, one for contributions to PolioPlus and the other for achieving 100% donations from members.
- Yvonne Selcer said that Beyond the Yellow Ribbon's Veterans Day lunch planning was in progress.
- Glenn Olson said that work on the Olanchito grant is moving along and, while he was in Mexico, Jeanne Zetah kept knocking down roadblocks.
SPOTLIGHT ON Elaine Larabee
 Elaine Larabee spoke to us about growing up on a farm in Neenah, WI and how that had an impact on her life. She decided that she would not marry a farmer since it was hard work and all of it had to be finished ‘since the sun doesn’t always shine.’ She shared some nostalgic moments though, describing how she learned how to share.
Elaine’s father always had flowers for everyone in town and it was common to share your produce with neighbors. She remembered how her family lost a whole crop while she was in college. Things she learned while growing up: to be direct, to be careful with money, and never to stop learning. She also talked about her new job and being chosen as school board chair.
HAPPY FINES
- Irene Kelly had a fun outing with her three grandkids; they had fun questions and comments for her.
- Glenn Olson was in Mexico to celebrate his 50th wedding anniversary and happy to be back despite a bribe he had to pay a cop while on his way to the airport.
VISITORS
Students: We had two gymnastics captains from EPHS: Piper Lincoln and Lauren Stich
Plus interns Natalie Page, Alex Modeas and Jake Leibold
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Ruth Kewitsch is Corporate Engagement Officer for True Friends Camps. They envision a world where experiences and adventures are open to individuals of all abilities. True Friends mission is to provide life changing experiences that enhance independence and self-esteem for children and adults with physical or learning disabilities. True Friends provides camp and respite experiences to individuals along with their family and friends. 