Pledge: Pres. Joan Camire
Prayer: Gerri Lewis
Song: Bill McLaughlin
Brents Card Game Winner: Ron Scott
Sergeants Report: Paul Moore
Raffle Winners: Marty D, Gerri Lewis, Tom Cloutier
Welcome Guests: Granville Morris, Moira Martin
Happy Bucks: Lots for the return of Bill Suits - and he told one of his famous stories, Andy Anderson for his first hole in 1 in 30 years!
Announcements:
Bill Bernhart: The Chester Rotary Club, led by son Bill Bernhart Jr., is having their annual Lobster Festival at the Chester Fairgrounds Saturday, Sept. 11. Discounts for early ticket purchases, music..See Bill for details.
Brent: Report on the Food Booth - Brent thanked all who helped including some kids and grand kids of Rotarians. We made less money this year ($1300) due to the weather. We had to break down early Sunday because of the rain and the extremely hot day Saturday kept people away.
Secretary Matt Vogt reminded everyone that dues are due end of the month. You can mail your check or bring it to the meeting.
Charlie: Volunteers are needed to help Bill Suits by coming over to the house and reminding him to take his medication. A signup sheet is going around.
President Joan read a thank you note from one of our scholarship recipients
The District Governor will be visiting the club on Sept. 15, originally she was scheduled to come Aug. 11.
Program: Bob Hester presented our program
Moira Martin and Granville Morris of Essex Savings Bank talked about general giving techniques. The type of gift can be important with tax consequences. Direct gifts such as cash, securities, or real or personal property are the least complex and can provide for income tax deductions and estate reduction for the donor. Gifts can be "restricted" where the donor says exactly how the money is to be used or may be unrestricted. When giving, it is important to consider the administrative cost of the organization and allocate some of the money for that. In a will, its important to be very specific, charitable trusts and foundations have similar sounding names. You can check a charity's cost rating - for example, for every $100 how much goes to the charity and how much goes to the cost of raising the funds and administrative costs. Naming a beneficiary from a life insurance policy is a very efficient way to give from a tax point of view but you must file a "beneficiary designation form" - just putting the name of the charity in your will is not enough. This is an important part of estate planning. Unfortunately, we ran out of time but we will certainly have Moira and Granville back.
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