Bobbie & Paul Freshwater
The Freshwaters made a commitment to The Keweenaw, Bobbie’s ancestral home, when Paul retired from Procter & Gamble. They became involved with preserving the rich history and wilderness areas of the Copper Country by volunteering and making modest gifts to several local organizations pursuing these goals or serving human needs.
Then, the Freshwaters discovered a way to make a more substantial contribution to their favorite nonprofit groups while also improving the amount, predictability, and tax treatment of their retirement income. Through the Keweenaw Community Foundation, they established a charitable remainder trust fund with P&G stock received at retirement.
Six local nonprofits benefit from this fund, which will help assure their success after Bobbie and Paul are no longer there to help. Meanwhile, the Freshwaters increased their retirement income by converting appreciated P&G stock into an attractive stream of income that can grow with the fund, while paying no capital gains tax on the stock. They also received a one-time charitable tax deduction. A win/win for all involved!
Let the Keweenaw Community Foundation help you to explore your own opportunities to leave a lasting legacy for the causes you cherish.