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I Joined Mote, Left Mote, Then Returned Bearing a Gift
by Mote volunteer Lee Bauman
There are many places to give one's time and energy to help people. After retirement, my husband Ed and I moved from Pittsburgh to Sarasota and discovered an outstanding one — Mote Marine Laboratory.
We became volunteers at Mote where my background in education found a perfect fit, interaction with diverse age groups and the opportunity to both teach and learn. The longer I worked at Mote the more I realized the great contribution the Lab was making to marine science and the conservation of our natural resources. So when my dad, Alan Randall, set up a Charitable Remainder Unitrust with me as lifetime beneficiary and trustee, it was natural that I recommend Mote as the ultimate beneficiary. He was delighted.
However, after a few years, my father passed away, we moved, and our Mote connection was broken. Now we are back in Sarasota and I am once again an eager Mote volunteer. I feel I have "come home." I am meeting old acquaintances, back to teaching others about the sea, and more than pleased to honor my father's wish to be a Mote donor. He would be glad that his final gift will go to Mote's ever expanding research — including advances in bay water monitoring by the Center for Coastal Ecology, new non-polluting technologies at the Center for Aquaculture, advances in veterinary medicine at the Marine Mammal Center, anti-cancer studies at the Center for Shark Research, and dear-to-my-heart the growth of Mote's Education Division.
The future of Mote Marine Laboratory can be made more secure by planned giving which can take one of many forms to suit a donor's wishes. Perhaps you, as my father did, can make a difference by including Mote in your estate plans. Talk to a lawyer who knows estate planning. You will find you can better provide for your family and also help Mote Marine Laboratory.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Mote as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Mote as a lump sum.