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LEAVING A LEGACY

Peter Jennings

Peter Jennings (ISI 1963-67) was a proud East-West Center alumnus. His many adventures, professional achievements and love of the Asia Pacific region are well-documented. His friends in Hawai‘i remember him for his love of people, his generous spirit, and his support of students at University of Hawai‘i and East-West Center.  He passed away in January 2017 at the age of 76.
 
The Peter P. Jennings Memorial Scholarship was established by family and friends to contribute to Peter’s legacy.  He loved the outdoors and wanted to protect our natural environment.  The fund will be used to provide awards for students with an intention of future involvement in the field of environmental studies

SHOULD YOU MAKE A CHARITABLE CONTRIBUTION FROM YOUR IRA?

The Protecting Americans from Tax Hikes Act of 2015 made tax-free distributions from IRA accounts to qualified charitable organizations permanent for eligible individuals.

A gift that qualifies must be:

  • Made by donors who are at least 70 ½ or older on the day of the gift.
  • The donor transfers up to $100,000 in total directly from the donor’s IRA to one or more qualified charities. This opportunity applies only to IRAs and not to other types of retirement plans.
  • Transferred directly from the IRA to the charity (East-West Center Foundation).
  • The donor pays no federal income tax on the gift. The transfer generates neither taxable income nor a tax deduction, so donors benefit even if they do not itemize their deductions.
  • The gift can satisfy all or part of the required minimum distribution for the year.
  • The gift may not be used to fund a gift annuity, charitable remainder trust, donor advised fund or family foundation.
  • The donor receives no goods or services in return for the rollover gift in order to qualify for tax-free treatment.

Check with us, your IRA administrator or your tax advisor for more information.

For more information, please contact Gary Yoshida, Development Officer, at 808.944.7196 or YoshidaG@EastWestCenter.org