LARGEST GIFT FROM EWC ALUMNUS FUNDS SCHOLARSHIPS FOR TAIWAN STUDENTS AND ARTS PROGRAM
Gary S.H. Lin has donated $300,000 to the East-West Center to support scholarships for Taiwan students and Taiwan-related arts programs. This is the largest gift from a degree fellow alumnus that the East-West Center Foundation has ever received.
The gift will support two different categories:
- The Gary S.H. Lin Fellowships has been established as a Scholarship Fund of the East-West Center through the East-West Center Foundation with a gift of $250,000. The fund will provide awards for one or more students from Taiwan who have an outstanding academic record and financial need.
- With a gift of $50,000, the Gary S.H. Lin Fund for the East-West Center Arts Program will provide support for Taiwan-related exhibitions or performances by the East-West Center Arts Program.
Mr. Lin considers his experience at the East-West Center to have transformed his life, and he hopes that his scholarship will contribute to the Center’s efforts to provide ambitious and promising students from Taiwan with the knowledge and skills that will enable them to promote the welfare of people around the world.
Born in Taipei in 1940, Gary Lin was a degree scholarship awardee at the East-West Center from 1965 to 1967, when he received his M.A. in Political Science from the University of Hawai‘i. After returning to Taiwan, Mr. Lin launched a successful career in information technology, spending 27 years with IBM in Taiwan, China, Hong Kong, and the U.S. before retiring in 1997 as the Director of Computer Outsourcing Services for IBM Greater China. He then became a principal in Information Technology Total Services (ITTS), turning this struggling joint-venture into a leading business process outsourcing service provider.
Mr. Lin is the father of four children, Susan, Shirley, Suzette, and Tom, who are accomplished in finance, law and academia. Mr. Lin and his wife Wendy have also owned and managed a secondary boarding school in Hunan, China.
IRA CHARITABLE ROLLOVERS ARE PERMANENT
The Protecting Americans from Tax Hikes Act of 2015 made tax-free distributions from IRA accounts to qualified charitable organizations permanent for eligible individuals.
For those aged 70 1/2 or older, a total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as the East-West Center Foundation free from federal income tax each year.
To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.
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