2009 Unity Sunshine Summer Camp 2009 summer ... - Unity House
2009 Unity Sunshine Summer Camp 2009 summer ... - Unity House
2009 Unity Sunshine Summer Camp 2009 summer ... - Unity House
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Tosca Etc. Donates Proceeds from Chocolate<br />
Sales to <strong>Unity</strong> <strong>House</strong><br />
Following the May 29th opening of Tosca Etc., Chef Larry<br />
Schepici's newest venture in downtown Troy, Schepici announced<br />
that sales of handmade "Enjoy Troy" chocolates will benefit the<br />
programs and services of <strong>Unity</strong> <strong>House</strong>.<br />
Made fresh daily by Pastry Chef John Vasquez, the chocolates are<br />
among the expanded line of confections and baked breads being<br />
offered at Tosca Etc.; they are sold for $1.25 a piece. Located in<br />
the Hendrick Hudson Building at 200 Broadway (right next to<br />
Tosca), Tosca Etc. features prepared and affordable meals to go.<br />
“We are proud to have joined forces with <strong>Unity</strong> <strong>House</strong> and are<br />
happy to donate all proceeds from our “Enjoy Troy” organic<br />
“Enjoy Troy” chocolates<br />
chocolates to support this worthy local organization,” said<br />
Schepici. "We are so grateful to Chef Larry and everyone at Tosca Etc. for their generous support of <strong>Unity</strong><br />
<strong>House</strong>,” said Chris Burke. “And we hope the members of our community buy lots of chocolate!”<br />
{ <strong>Unity</strong> <strong>House</strong> to Host Free Estate Planning Seminar}<br />
<strong>Unity</strong> <strong>House</strong> is grateful for our many donors, and among those donors are those<br />
who understand how philanthropy and tax savings can go hand in hand, such as<br />
Sharon.<br />
In 1992, Sharon invested $10,000 in the stock of a local bank. The value of<br />
Sharon’s stock rose and in 2005, the bank announced that a larger financial<br />
institution was offering to buy all of its shares in cash. Sharon knew she would be<br />
forced to liquidate her $160,000 in bank stock and incur a substantial capital gain.<br />
Sharon’s financial consultant cautioned her on the potential tax impact, and as<br />
Sharon is charitably inclined and intended to give to charities through her will, a<br />
Charitable Remainder Trust (CRT) was established. Sharon supported the work of<br />
<strong>Unity</strong> <strong>House</strong>, so she designated us as one of the beneficiaries, and funded the trust<br />
through the irrevocable donation of the appreciated bank stock.<br />
“I am delighted<br />
with my<br />
decision to set<br />
up this trust.<br />
Beyond the<br />
considerable tax<br />
advantages, the<br />
trust allows me<br />
to give to an<br />
organization I<br />
believe in,”<br />
Sharon explains.<br />
Sharon enjoys several benefits from the CRT such as avoiding the capital gains tax liability, receiving tax<br />
deductions for the sum of the value, and increased cash flow as the CRT distribution to her exceeds the<br />
prior dividend income. Although Sharon cannot touch the principal, she receives quarterly distributions<br />
based on a percentage of the variation. The CRT allows Sharon to leave a legacy to an organization she<br />
truly cares about and to enjoy the good feeling of partnership with a cause that matters to her.<br />
5<br />
You too can make a difference with a planned gift to <strong>Unity</strong> <strong>House</strong>. For more information on planned giving,<br />
sign up for our free seminar being held on October 14th at the Troy Country Club. Please contact Victoria<br />
Baecker at 518-274-2633 x261 or vbaecker@unityhouseny.org, for more information.<br />
UNITY HOUSE Newsletter