Viking Magazine - October 2016 - 12

Finance
To make a donation to the
Sons of Norway Foundation,
visit sonsofnorway.com/
foundation/donate.
Check out the integrity of various
organizations with Charities Review
Council (smartgivers.org) or GuideStar
(guidestar.org) to help ensure the charity
is committed to accountability and
transparency.
The Joy of Giving
Make an impact on organizations close to your heart with planning.
T
he most meaningful charitable giving happens when you are passionate
about an organization and its purpose. " Many people give to places out of
obligation or habit, " says Corrie Maki Knudson, Sons of Norway foundation
director. " To really feel the joy of philanthropy and the impact of your giving, take
time to evaluate where you give and be intentional. " Reflect on the mission of the
charity. Does it truly speak to you? How do you feel about your involvement with
the organization? Do you understand what happens with your contribution? Take
time to identify a charity where you can make a difference, suggests Knudson.
Here's some advice for planning your charitable gifts.
How Do I Choose an Organization to Support?
Your charitable gifts should tie back to values you wish
to promote. Great Nonprofits (greatnonprofits.org) can
help you select a charity based on your interest. Research
the organization's mission, sustainability and goals to
assure they align with your philanthropic intent. Find
out the organization's accomplishments and challenges.
12 VIKING OCTOBER 2016 sonsofnorway.com
Fact:
How Can I Use Life Insurance to
Make Charitable Donations?
Many people don't think about
charitable giving being associated with
life insurance products. Use life insurance
or an annuity to leave a generous legacy
after you die. You can either change the
beneficiary of an existing policy or name
a charity as the owner and beneficiary
of a new life insurance policy, which
would make premiums tax deductible.
Another idea is to use the required
minimum distribution from an Individual
Retirement Account (IRA) to buy a life
insurance policy for a charitable gift,
suggests Len Carlson, director of agencies
for Sons of Norway.
In the Sons of Norway
Foundation's 50 years,
it has raised $6.3 million
and distributed nearly $2.7
million for humanitarian aid,
educational scholarships
and lodge programming.
Consider maximizing your gift with
tax-advantaged donations. For instance,
transfer funds from your required
minimum distribution from
an IRA (after age 70 ½) to
a charity. It's a " tax-free
event " where you avoid
paying taxes on the
income, which allows
you to give more to the
charity, Carlson notes.

http://www.sonsofnorway.com/ http://www.smartgivers.org http://www.guidestar.org http://www.greatnonprofits.org http://www.sonsofnorway.com

Viking Magazine - October 2016

Table of Contents for the Digital Edition of Viking Magazine - October 2016

Contents
Viking Magazine - October 2016 - Cover1
Viking Magazine - October 2016 - Cover2
Viking Magazine - October 2016 - Contents
Viking Magazine - October 2016 - 4
Viking Magazine - October 2016 - 5
Viking Magazine - October 2016 - 6
Viking Magazine - October 2016 - 7
Viking Magazine - October 2016 - 8
Viking Magazine - October 2016 - 9
Viking Magazine - October 2016 - 10
Viking Magazine - October 2016 - 11
Viking Magazine - October 2016 - 12
Viking Magazine - October 2016 - 13
Viking Magazine - October 2016 - 14
Viking Magazine - October 2016 - 15
Viking Magazine - October 2016 - 16
Viking Magazine - October 2016 - 17
Viking Magazine - October 2016 - 18
Viking Magazine - October 2016 - 19
Viking Magazine - October 2016 - 20
Viking Magazine - October 2016 - 21
Viking Magazine - October 2016 - 22
Viking Magazine - October 2016 - 23
Viking Magazine - October 2016 - 24
Viking Magazine - October 2016 - 25
Viking Magazine - October 2016 - 26
Viking Magazine - October 2016 - 27
Viking Magazine - October 2016 - 28
Viking Magazine - October 2016 - 29
Viking Magazine - October 2016 - 30
Viking Magazine - October 2016 - 31
Viking Magazine - October 2016 - 32
Viking Magazine - October 2016 - 33
Viking Magazine - October 2016 - 34
Viking Magazine - October 2016 - 35
Viking Magazine - October 2016 - 36
Viking Magazine - October 2016 - 37
Viking Magazine - October 2016 - 38
Viking Magazine - October 2016 - Cover3
Viking Magazine - October 2016 - Cover4
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