PALOLO CHINESE HOME

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“As an only child with two young children and aging parents to care for, I am fortunate to have found the Palolo Chinese Home Senior Day Care program. Being a full-time caregiver to young children and elderly parents has been challenging and often exhausting. I appreciate that the day care is open seven days a week as it has allowed me to do fun, educational and recreational activities with my children, all the while knowing that my parents are well cared for.”

– Rene Tottori

For over 100 years, the generous support of donors has helped to ensure that Palolo Chinese Home’s facilities, programs and services continue to meet the growing elder care needs of our community. Palolo Chinese Home is a 501(c)(3) charitable nonprofit organization, and our federal tax ID # is 99-0073521.You can continue the tradition of supporting excellent care for Hawaii’s seniors by making a charitable contribution to one or more of our areas of giving:

Annual Fund

To cover the costs of daily operations to provide care and support to our residents. Please click [here] to make a gift on line.

Endowment

Funds held in perpetuity that generate annual income to support PCH priorities in good as well as challenging economic times. Please click [here] for information on endowment fund options.

Ways To Give

GIFTS THAT HELP OUR SENIORS IMMEDIATELY

Cash gifts, and/or pledges paid over a period of years. You can also make special tribute contributions to honor a friend or relative on a special occasion, or to honor the memory of a loved one. If you itemize, a charitable tax deduction applies. Please click [here] to make a gift on line.

If you are 70 ½ or older, the Charitable IRA Rollover allows you to instruct your plan administrator to make immediate cash distributions directly to charities from your IRA – up to a total of $100,000 annually – without your having to declare the distributions as income. Click [here] for information on this excellent opportunity to support PCH.

A gift of appreciated securities provides you with an income tax deduction, and avoids the capital gains tax on the appreciation, if you have held the assets for longer than one year. For instructions on how to make a gift of appreciated securities please click [here].

By donating appreciated real estate, in addition to receiving a tax deduction, you can relieve yourself of management responsibility. Please contact Darlene Nakayama, in confidence, at (808) 748-4901 for more information.

If you wish to support PCH now, and receive the assets back later when you may need additional funds for retirement, health care, or future investments, you may do so with a charitable lead trust.

Alternatively, if your estate will be subject to gift or estate taxes when you leave it to your heirs, you can contribute cash, appreciated securities or real estate to a charitable lead trust now and provide income to PCH for a period of time, after which the assets in the trust are distributed with significantly reduced transfer taxes to whomever you have chosen. This plan also allows you to control when your heirs receive their inheritance. Please contact Darlene Nakayama, in confidence, at (808) 748-4901 for more information.

The information on this website is for general information and is not intended as legal or tax advice. Please consult your legal and tax advisors about how these plans can work specifically for you and your loved ones. We would be happy to meet with you and your advisors to discuss these opportunities. For additional information, please contact Darlene Nakayama, in confidence, at (808) 748-4901.

FUTURE GIFTS THAT COST YOU LITTLE OR NOTHING NOW

A gift made by bequest through your will or revocable living trust allows you to use and control your assets during your lifetime. You can specify an amount, a percentage of your estate, or specific assets. Bequests of all sizes make a difference and are greatly appreciated. It is not difficult to make a bequest. Please click [here] for suggested bequest language and to request a complimentary copy of a Bequest Toolkit.

You can also make a bequest by naming PCH beneficiary of an existing life insurance policy or retirement fund. Simply ask your plan administrator for a beneficiary form, fill it out and return it. Retirement plan assets that grow tax free generally are not good assets to leave to heirs because they incur taxes. Because there are no taxes on retirement plan assets left to charity, you may want to leave retirement assets to charity and other assets to your heirs.

GIFTS THAT PROVIDE A LIFETIME INCOME TO YOU

A charitable remainder trust provides lifetime income to you and/or additional beneficiaries, with the remainder passing to PCH. You receive an income tax charitable deduction for a portion of the value of the cash or other assets you contribute, and you avoid the immediate capital gains tax on any contributed appreciated assets. There is a great deal of flexibility with charitable remainder trusts, so please contact Darlene Nakayama in confidence, at (808) 748-4901 for more information and/or for an illustration at no obligation.

Palolo Chinese Home is partnering with the Hawaii Community Foundation (HCF) to offer members of our ohana who have reached the age of 60 the opportunity to support the Home through a sponsored charitable gift annuity (CGA). You can make a gift of cash or appreciated securities of $50,000 or more directly to HCF in exchange for a CGA that benefits you, or someone you choose, in a number of ways:
- You receive fixed payments not subject to changes in the economy for your lifetime. A large portion of the payments is usually tax-free.
- You receive a charitable deduction in the year of the gift.
- You can include another person to receive income, such as a spouse.
- You can create a CGA to benefit someone other than yourself, such as a parent or other relative, or a friend.
- If you give appreciated securities, you avoid the immediate capital gains tax on the appreciation, putting the full value of the securities into the annuity.
- Sponsored CGA payment rates range from 4.7% for someone age 60 to 9.5% for someone age 90 and older.
- The CGA is managed by HCF and backed by all of HCF’s assets.
- You have the satisfaction of knowing that, at the end of your lifetime, a significant portion of the remaining principal will come to Palolo Chinese Home to provide care for our seniors, and a portion will go to HCF.
We can provide you with an illustration showing how this can work for you, including:
- How to turn funds paying a low interest rate into a higher-paying CGA
- How to supplement retirement income with a higher-paying deferred payment CGA
- Standard CGA rates for up to two people

Palolo Chinese Home Endowment Funds

Endowment funds help to secure a financially stable future for PCH. They also provide opportunities for recognition of donors who establish named endowed funds. Endowment funds are invested and generate essential revenue, beyond what annual fundraising can provide, to support special programs, changing technology, up-to-date facilities, and annual operations. Your support of our endowment also allows PCH to continue providing services to residents who are no longer able to afford the cost of care. A growing endowment is necessary to enable PCH, in good times as well as bad, to meet new challenges and take advantage of special opportunities that arise.

The Board of Directors, with the assistance of financial professionals, oversees the endowment’s investment. Funds are held in perpetuity, and each year a percentage of the market value, according to a distribution policy approved annually by the Board, supports PCH’s greatest priorities.

You, or you and your family, can make a gift or gifts that will benefit PCH in perpetuity. Endowments may be unrestricted or designated to special programs or projects of your choice, with approval by PCH.

Our endowment has the following components:

The General Endowment

Named Endowed Family Funds

Named Endowed Family Funds also generate unrestricted revenue to be used for PCH’s greatest priorities. Individuals and families can establish a named endowed family fund with a minimum gift of $10,000. You can ensure that your annual support continues after you are gone by establishing a named endowed family fund. You can also remember or honor a loved one with a named endowed family fund. Additional contributions may be made at any time, and PCH encourages bequest gifts to build or establish named endowed family funds.

If you would like additional information about Palolo Chinese Home endowment funds, please contact Darlene Nakayama, in confidence, at (808) 748-4901.

Restricted Named Endowed Funds

To Make a Gift of Securities

To make a gift of securities to benefit Palolo Chinese Home, please instruct your broker to contact Herman S. O. Ching, Managing Director – Investments:

Wells Fargo Advisors DTC #: 0141

Phone Numbers: 808-547-5266 (Herman Ching)

Emails: Herman.Ching@Wellsfargoadvisors.com

Please ask your broker to mention the name of the stock, the number of shares, and any special instructions for the use of your gift. Please send a copy of these instructions to Darlene Nakayama, Chief Executive Officer, Palolo Chinese Home, 2459 10^th Avenue, Honolulu, HI 96816-3051, or by fax to (808) 748-4916, so that we may properly credit and acknowledge your gift. If you have stock certificates, please contact Darlene, in confidence, at (808) 748-4901.

Make a Bequest

To make a bequest: If you would like to help care for Hawaii’s elders by remembering Palolo Chinese Home in your estate plan, here is some suggested language that you can take to your attorney for a provision in your Will or Revocable Living Trust: “I give (OR direct my trustee to distribute) to Palolo Chinese Home, a not-for-profit organization located in Honolulu, Hawaii, (the sum of $______OR ________ [specific property] OR ____% of my estate OR ____ % of the rest and residue of my estate) for (its general purposes OR its general endowment OR to establish the _____________endowed fund).”

For additional information, or to request a copy of our Bequest Toolkit, please contact Darlene Nakayama, in confidence, at (808) 748-4901, or by email at dnakayama@palolohome.org.

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