Wednesday, December 17, 2008
Dear Member-Partners, friends, families; —
All of us at League are so thankful for the friendships we've made and the confidence you've placed in us this past year. This year, in lieu of mailing out Christmas greetings, League's charitable foundation is donating $200,000 to the Greater Victoria Housing Society, and increasing its donation to Absolute Leadership to $205,000.
Since 1956, the Greater Victoria Housing Society (www.greatervichousing.org/donors.html) has been dedicated to providing affordable rental housing for seniors, families, and persons with disabilities.
Absolute Leadership Development (www.absolute.org) works to empower emerging generations to live with purpose and effect change in their world. League's focus in working with Absolute Leadership is to support opportunities for Canadians students to volunteer and assist with housing-creation projects in the developing world.
You can read more about League's role in supporting both these organizations at: http://league.ca/about/affiliations.php and more about League's Philanthropic aims from this booklet.
League supports these two organizations because they adhere to one of the tenets in Our Credo:
. . . We must all do our part to ensure that future generations inherit from us a world that is cleaner, safer, and happier than the one we know now. To these ends, we will continually invest a portion of our time, our expertise, and our capital in the improvement of human civilization by partnering with individuals and organizations whose vision and values align with our own . . . and whose mission is to improve the quality of human life. We will empower and encourage our Member-Partners to do the same.
We are pleased to make these donations on behalf of all our Member-Partners, and invite you to speak with us to learn how to incorporate planned and directed giving into your family's own Intergenerational Wealth™ program. You may even wish to take advantage of the opportunity to make your family's charitable donation through the League Foundation.
League Charitable Foundation is a newly formed philanthropic arm of League Assets. Its principal objective is to tackle homelessness and poverty everywhere — at home and around the world.
Because administration services for the Foundation are provided by League Assets, there are no overhead costs, so that the full amount of a Member-Partner's donation is directed to the philanthropic organization of choice. We call this "fee-free, donor-directed giving".
League is establishing a board to determine the criteria and priority for distributing the funds of its new Charitable Foundation. Member-Partners are invited to send recommendations for persons or organizations that might qualify for bequests, and they will be put before the board for consideration.
On behalf of all of us at League, we send you the best of holiday wishes and warmest regards.,
Emanuel.
Emanuel F. Arruda
Chairman & Co-Founder
League Assets Corp.
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