Renton Community Foundation Helps Nonprofits Plan For The Future

A tough economy. Shoestring budgets. What's a struggling nonprofit to do?

The Renton Community Foundation hopes to help Renton's nonprofits plan for the future with two free seminars on Feb. 23 at Saint Matthew Lutheran Church.

"Every nonprofit organization should be moving toward a planned giving program in this difficult economy," said Renton Community Foundation Executive Director Lynn Bohart.

Guest speaker William Zook, Jr. will explain the different types of complex planned giving options including charitable remainder trusts, bequests, gift annuities, lead trusts, life estates and life insurance. Zook is the Vice President at PG Calc Inc, in Seattle, and a graduate of the UW School of Law,

These types of gifts allow donors who'd like to make a significant gift to a charity of their choice to do so from their assets instead of making cash contributions.

“Nonprofits have seen cash contributions nearly dry up,” Bohart says. “But donors can still put your organization in their will or plan for a bigger gift through something like a trust.”

The Foundation will offer two seminars: one for professionals (CPAs, financial planners, life insurance underwriters, and attorneys) from 8 - 10 a.m., and one for nonprofits from 10:30 a.m. - 12:30 p.m. at Saint Matthew Lutheran Church, 1700 Edmonds Ave. NE. Both seminars are free and the Foundation has applied for the ability to give continuing education credits to attending professionals, Bohart said.

For more information, or to RSVP, contact the Renton Community Foundation at (425) 282-5199, or email Lynn Bohart at lbohart@rentonfoundation.org.