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INVESTING IN STUDENTS FROM JAPAN

Mary Jo Furgal wanted to express her gratitude to the East-West Center by establishing the Mary Jo Rossi Furgal and Joseph Furgal Fellowships as a $50,000 Permanent Named Endowment.  The fund will provide awards for students from Japan and students from the United States studying some aspect of Japan.

“The East-West Center not only helped me earn my MA but also created a life-long interest in Asia in all its variety. Without my East-West Center experience, I would never have pursued a diplomatic career. My professional specialty has been educational and cultural programs. I saw first-hand how peoples and cultures formed by exchange programs, like the East-West Center’s, can make a difference.”

Mary Jo Rossi Furgal was an East West Center grantee in the Institute for Student Interchange from 1965 to 1968. She received a MA from the University of Hawai‘i in East Asian History and a MA in library sciences from the University of Chicago. After entering the USIA Foreign Service in 1978, she served in Sri Lanka, India, Bangladesh, Romania and Zimbabwe and retired in 2003. She lives in Arlington, Virginia with her husband, Joseph, a retired U.S. Foreign Service personnel officer.

 

MAKE A GIFT THAT WILL GIVE YOU INCOME FOR THE REST OF YOUR LIFE

A sponsored charitable gift annuity (CGA) allows you to leverage your generosity while producing tax savings and a fixed annuity that can provide great benefits to you, your family and the East-West Center.

You should consider a CGA if you are 60 or older, a resident of the State of Hawai‘i, and have assets of $50,000 or greater that you are able to gift to establish a CGA such as cash or appreciated securities.

A CGA is a contract in which a donor makes a gift today in return for a fixed lifetime annuity from the Hawai‘i Community Foundation (HCF). The annuity is payable to the donor or someone they designate, called the “annuitant.” Through the contract, the donor directs the remaining balance left at the death of the annuitant(s) to benefit a charity or charities.

What are the benefits of a CGA?

  • CGAs are easy to create – the agreement is a simple contact between you and HCF.
  • The annuitant receives fixed annuity payments for life.
  • Part of the annuity payments may be tax-free.
  • An immediate charitable tax deduction for a portion of the gift.
  • No capital gains tax is owed on appreciated property used to start a CGA.
  • The gift ultimately benefits the East-West Center.

For more information about creating a sponsored CGA, contact Gary Yoshida, development officer, at 808.944.7196 or YoshidaG@EastWestCenter.org