development Investment Tip: IRA Rollovers Qualify for RMD


Each year, IRA owners age 70½ and older must take a required minimum distribution (RMD). The RMD in nearly all cases is calculated using the Uniform Table. Under the Uniform Table, distributions generally commence at age 71 at approximately 3.8% and increase each year based on the age of the IRA owner.


The required distribution is calculated by determining the expectancy under the Uniform Table, the IRA fair market value on December 31 of the previous year and multiplying a fraction of one divided by the applicable expectancy times this fair market value. The RMD must be taken by December 31 each year.


When is the Best Time to Take My RMD?


The vast majority of IRA owners with larger balances take the RMD during the months of October, November and December. Because many individuals with larger IRAs do not require IRA funds immediately for living expenses, by delaying an RMD until the end of the year they benefit from additional tax-free growth in the IRA.


Fortunately, the IRA charitable rollover will qualify for the donor's RMD. The Congressional Joint Committee on Taxation Technical Explanation of PPA 2006 (JCX-38-06) has indicated that qualified charitable distributions are taken into account for purposes of the minimum distribution rules applicable to traditional IRAs to the same extent the distribution would have been taken into account under such rules had the distribution not been directly distributed under the provision.


What Should I Do?


If you own an IRA, and take your RMD during the 4th calendar quarter of the year, the Northern Star Council would be happy to discuss the benefits of receiving the full RMD or giving part or all of it to support Scouting. By transferring part or all of your RMD to Northern Star Council, you will have a lower taxable income. This could both simplify your tax return and reduce income taxes.


For purposes of both the RMD and the qualified charitable distribution up to $100,000, all donor's IRAs may be treated as one IRA. A donor may make the RMD or $100,000 charitable distribution from any IRA.


Information on planned giving and many other helpful articles can be found at www.northernstarbsa.org/supportscouting, then click the “Planned Giving/Endowment” link. You can also learn more by contacting Eric Joranson, Major Gifts and Planned Giving Director, at 651-254-9152 or ejoranson@nsbsa.org.


Fall 2011 Popcorn Sale Update


Sale Calendar Wed Nov 2


Fri. Nov 4 Fri. Nov 4 Fri. Nov 18 Fri. Nov 18 Wed. Dec 14


Return Excess S&D Take Orders Due


Home Delivery Info Due Prize Order Due


Take Order Distribution Popcorn Payment Due


Sale Update


As this issue of the Navigator is going to press, we are wrapping up our Fall 2011 popcorn campaign. Congrats to all the Scouts who sold popcorn and thank you to all the volunteers and parents who made it possible! Didn’t quite make your goal? Sell online for the final few $$


Online sales are perfect for the busy or the recently moved Scout. Online lets youth sell to friends and family they know through an already established online system. Best of all, there is no product pick up, delivery or collecting payments. Customers purchase product through a link the Scout sends and the Scout earns funds. Great for youth on the go, to email contacts and utilize social media to earn money for themselves and Scouting. Check out www.buyscoutpopcorn.com on how to sign up and get started!


Follow the popcorn sale on Twitter at @NSCpopcornsale Follow us on Facebook at NSC Popcorn Sale http://www.facebook.com/pages/Northern-Star-Council-Popcorn-Sale/159375304075630 Bonus Prizes from Northern Star Council


Scouts, to ensure your bonus prizes arrive in a timely manner, make sure to visit www.buyscoutpopcorn.com to register for your bonus prizes, including a Timberwolves Ticket offer, MN Sea Life Ticket, MN History Center Ticket Offer, Waterpark of America Pass or an All Night Pirate Party!


Base Camp Open House a huge Success


Over 600 people attended the Base Camp Open House on Saturday Oct 15 as a reward for selling $400 or more in Popcorn before Oct 10. Scouts got to use the bouldering wall, ropes course, NASA space shuttle simulator, archery and go on a treasure hunt throughout base camp. Thanks to all who came out to participate!


3-7:00 PM 5:00 PM 5:00 PM 5:00 PM Varies


5:00 PM


Your gift to the Tribute Fund is your recognition of a special occasion and/or person It can be a job promotion, presentation of the Eagle Award or the Silver Beaver, a birthday, a Bar Mitzvah, or to honor the memory of a member of the family or a good friend Please mail your tributes to: Tribute Fund, Northern Star Council, BSA, 393 Marshall Avenue, St Paul, MN 55102 (Please be sure to include contact information for your honoree and for you


IN MEMORY OF


GERALD ANDERSON Janice and Ronald Anderson Esther and Robert Bartholic Jane Harrigan Bresnahan Robert and Margaret Connolly Rozanne and Mark Crowley Margaret Hamburger and John Kupris George Haun Mary Ann and Richard Hawkins Mary and Jeff Holland Ray and Colleen Makela Rose Marie and Jim Masloski Dean & Kate McCall Joan and Ken Nelson Jan Norrgard Debra Jo Varner and Greg Matthews


WILLIAM ROBERT ANDERSON Conrad and Marilynn Teichert


RICHARD BUFFIE Alan E. Bernick


IN HONOR OF


GERALD CURTIS Nancy Curtis


FRANK JOHNSON Deb Cornelius


JAMES G. LINDELL, SR. Judy and Ron Chlebeck


Kathryn and Charles Cunningham Ed and Diane Curtiss Chuck Dietz


Patrick and Joan Farley Elizabeth and James Fulford Tim and Susan Lawrence


CHRISTIAN BERGEVIN For Achieving Rank of Eagle Scout Bill & Mary Bergevin


COLLIN BERGEVIN For Achieving Rank of Eagle Scout Bill & Mary Bergevin


AB GEORGE


In Celebration of his 65th Birthday Jeffrey M. Rabinovitz


Individual tribute gifts, unless otherwise designated, are placed in the council’s endowment fund as a perpetual source of support for Northern Star Scouting


JAMES G. LINDELL, SR. (continued)


Patti Dalen Leisinger Peggy Morehead Ron and Betty Phillippo The Saint Paul Foundation Paul and Carolyn Verret Richard and Lucy Wilhoit


RICHARD LUNDEEN Joan and Ross Bartz


CARLOS MCKEE Pam Grayson Delmer V. Okeson


STEVEN SCHENTER Jacob and Kathryn Ganfield


BOB SIMPSON Irene Neiswanger North American Membership Group, Inc.


2012 Eagle Scout Scholarships


Attention Scoutmasters and Crew Advisors: does your unit have a Eagle Scout who graduates high school in 2012? Northern Star Council’s Eagle Scout Scholarship applications are now available and online!


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Nov/Dec 2011


Did you know that NSC has endowed scholarships for: former or current camp staff; Southeast Asian Scout; and Technical School attendees?


High school seniors are invited to apply for one of 30 Eagle Scout Scholarships to be awarded in 2011. Applications open Nov 15 and will close Feb 1.


For a complete list of eligibility requirements and the application, visit: http://www.northernstarbsa.org/AdvancementAwards/Scholarships/


Pass this information to Eagle Scouts in your troop or crew graduating this spring.


Family Friends of Scouting Fundraising Campaign is Under Way!


As we kick-off the 2011-2012 Family campaign, we take a moment to congratulate all the districts that exceeded their 2010-2011 goals: Chief Black Dog, Crow River, Dan Patch, Eagle River, Great Rivers, Lake Minnetonka, Many Waters, Metro Lakes, North Star, Northern Lights, Prairie Lakes, Three Rivers, and Zulu! We had another great year, and overall achieved 103% of the goal!


This year’s theme is “Prepared. For Life.”


Pack and crew leaders, be sure you’re locking in your FOS presentation date. NEW THIS YEAR is the on-line tool box planner. You can set your presentation date, request a presenter, and track your progress on-line! To get your on-line log-in access code, send your unit’s FOS coordinator’s contact information (email) to your district’s Fam- ily FOS Chair. The website to log into is located at www.northernstarbsa.org/planner (same site as the Youth Recruitment Planner).


As we work to meet and exceed our unit’s and district’s goals, we ask that family mem- bers know about the financial challenges this year, and consider a greater gift where possible. While still strong supporters of the Northern Star Council, the Greater Twin Cities United Way has re-allocated the types of programming they are funding, and our council will be receiving $300,000 less annually going forward. We are hopeful that the families in Scouting, through Friends of Scouting, will be able to make up for some of that loss as we pursue other new avenues of revenue to continue to offer the best possible programming.


We look forward to another great year in Friends of Scouting and thank you for your support!


If you have questions on the overall campaign, please contact Council Family FOS Chair Bob Strom at tbobs@olsentool.com or FFOS Staff Advisor, Andy Goke at 763- 231-7231 agoke@northernstarbsa.org


tributes


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