Leaving a Legacy to Your Community Through Charitable Giving

Many people feel compelled to give back to their community. After all, what better way is there to leave your legacy than by helping others? A plan of charitable giving is the action behind the words of your Legacy Statement.

There are causes near and dear to each of our hearts that we have a desire to support. Unfortunately, many people don’t know how to set up a charitable plan. Even more unfortunate, many don’t believe they have the resources to contribute to charity.

There are many different ways to set up a charitable program. No matter what the size of your estate, you can create a vehicle that will allow you to give to the cause of your choice, on your terms, for generations to come. Even smaller estates can create a charitable legacy that will positively impact lives. Did you know that you can reduce and eliminate estate taxes through charitable giving? That it’s possible to give a large portion of your estate to charity and still have your heirs receive a larger inheritance than if you had not given?

If you have a large estate, you are going to be a philanthropist whether you plan for it or not. If you make no charitable plan of your own, your default charity will be the United States Treasury.

Estate taxes are levied at the federal and state levels and confiscate a significant percentage of all estates that exceed the maximum estate tax credit. Some high net worth individuals have engaged in estate planning to be able to pass the maximum amount allowed by law to their heirs. But in a lot of cases, part of the estate is still subject to estate taxes. For these taxpayers, their legacy is contributing to the programs and operations of the government.

Think about it. Do you believe the government is doing a good job of applying our tax money? Or do you think you can make better decisions on how that money is used?

What a lot of people don’t know is that their charity doesn’t have to be the government. You can control that part of your estate that is earmarked to go to the government in the form of estate taxes. How much of an impact do you think your estate tax contribution will make to society? And what will it support? Will it be a program or cause that you feel strongly about, or will it be used in a way that does not represent your values? Remember, sharing your legacy is about passing on your values.

Fortunately, the government has provided us with certain credits and deductions to apply against our estate tax liability. The most powerful of these is the charitable deduction. Any portion of your estate that you contribute to a qualified charity is not counted as a portion of your estate that is subject to estate taxation. In addition, charitable contributions provide deductions that will reduce your income tax liability. In fact, the charitable deduction can be used to actually increase the size of your estate, so that your heirs can receive a larger inheritance than they would have without the charitable contribution.

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Fuel Legacy – Is This Company Legit? – Fuel Legacy Review

Over the past couple year’s gas prices have hit all time highs; a gallon of gas has ranged anywhere from $2.00 to $4.30 depending on the location. Consumers are financially hurting more than ever and are looking desperately in every direction for help. People are trading in their big cars and trucks for small fuel efficient cars. Companies that make products that are supposed to increase you gas mileage have popped up everywhere. Fuel Legacy is one of those companies that you might have run into.

Fuel Legacy distributes a fuel additive that uses nanotechnology which can extend the life of your vehicle’s engine, plus it can result in increased engine efficiency. Fuel Legacy’s eeFuel additive is said to be able to save people money, by reducing fuel consumption. The company claims that it is possible that one can save two to three dollars in fuel costs, for every dollar spent on the additive.

How eeLubeWorks

When using eeLube a person simply adds the right amount of eeLube directly to the engine crankcase. eeLube will then dissolve itself throughout the engine oil forming a surrounding substance of nano sized particles made of chemicals that are compatible with engine oils of all types. These chemicals will help reduce engine friction, increase energy output, and help remove harmful deposits from the engine.

How does this benefit you? There are three benefits that eeLube has to offer.

o Fuel Savings – By promoting more complete and powerful combustions, as well as reducing engine friction, eeLube can help your engine extract greater energy output from the same amount of fuel.

o Reduced Harmful Emissions – More complete combustions result in less harmful emissions going out the tailpipe. Since eeLube also acts to cool the combustion temperature, Carbon dioxide is also effectively reduced.

o Longer Engine Life and Lower Maintenance Costs – By removing harmful deposits and reducing engine friction, eeLube can extend the useful life of an engine as well as lower maintenance costs. Since eeLube also helps to keep the engine oil cleaner and slicker, the period between oil changes can be safely extended to further save on maintenance costs.

Fuel Legacy uses a multi level marketing business structure. People that want to distribute Fuel Legacy product must buy into the company by purchasing one of the company’s start up packs.

Leader pack-599.99
Business pack-299.99
Personal back-119.99

Sales reps make a commission from their personal sales. Like all multi level marketing companies distributors are encouraged to recruit others into the company. Reps receive commission from every sale of the distributors they’ve recruited. Those representatives that focus the majority of their time on recruiting are usually the highest money earners.

I believe that Fuel Legacy is a legit company that provides a great product. But, I have chosen not to join the company as a distributor because of the difficulty the surrounds any multi level marketing company. To create success within the MLM industry you will need to recruit friends and family, attend and promote hotel meetings, attend and promote product parties, attend and promote home presentations and attend company sponsored seminars. I know that there are a lot of people that have found success distributing these fuel capsules but the actual reality of a normal person making any sort of profit is very small. It would take hundreds of people, a lot of time, and the proper skill and knowledge to achieve your financial goals.

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Data On Demand – Maintaining Access To Critical Legacy Information

Whilst the benefits of the next generation data storage technology are obvious and plentiful, the potential for valuable historical data to be rendered inaccessible remains a significant and increasing threat that all organisations must address.

The Storage Networking Industry Association (SNIA), through its Data Management Forum has profiled a serious issue surrounding the long-term storage of digital information. This initiative, called the 100-year archive, asks what it would take to retain data for extended periods. The Long Term Archive and Compliance Storage Initiative looks at physical and logical challenges to data preservation, especially in the light of eDiscovery mandates by lawmakers the world over.

Even a recent call from the founder of the internet himself, Vinton Cerf, implores organisations to act now to preserve our data for future generations. Throw into this whirlpool the increasing regulatory and legislative pressure from governments world wide to ensure continued access to growing archives of legacy data and information, the question beckons of what really are the options for compliance and ensuring continued access to data when data storage technology changes?

In a nutshell:

1. Migrate all archived, backup and legacy data to the current/new storage technology of choice each and every time data storage technology is upgraded.

2. Retain and maintain legacy data storage technology in house in order to restore data when required.

3. Do nothing and risk loss of data and possible legal consequences into the future.

4. Don’t upgrade data storage technology

In order to keep pace with burgeoning data growth through adoption of more cost-effective data storage technologies, this means periodically upgrading your existing storage platform. Don’t let the menace of how to ensure continued access to your historical data deter or intimidate you from taking advantage of the efficiencies and cost benefits of new technology.

While the first two of these options sound feasible in theory, in reality both options can be incredibly expensive, labour intensive, resource intensive, impractical and unreliable. For these reasons it is imperative to consider some important questions to ask when faced with this dilemma:

Do you have the time or budget to migrate your entire data holding from one storage technology to another on a regular basis?
With current trends and new technology adoption patterns, this could mean total legacy data migration as often as every 18-24 months or so, which is not only a very expensive and costly exercise, but totally unnecessary. What a waste of time, money and resources if the data isn’t required for restoration for perhaps 10 years or more, (or possibly ever) – you could have already paid for it to be converted several times already by this stage.

Who is going to maintain each type of storage technology and equipment in house? Many organisations just don’t have the manpower or the headcount to implement this option internally. Keeping a library of retired technology means the personnel responsible for the equipment must not only have the skills and interest to maintain each piece of hardware over long periods of time, but that they must also be able to use it correctly when the need arises. Regular audits and restorations using all types of the retired storage technology would need to be implemented and tested to ensure the system works when required. From experience, most organisations (large and small) need their IT and data teams to focus on the challenges of today rather than those of the past.

What happens if there are personnel changes within your organisation – will the transfer of knowledge be lost in the handover? As an example, how many people could you employ today that have the experience to manage and operate redundant technology such as a 9 track magnetic tape drive or an old ¼” QIC tape drive? Probably very few, if any. As equipment gets older, the knowledge of how to use and maintain it also disappears with it very quickly. Access to spare parts becomes close to impossible when the original vendor no longer supports the product you are using. Even if you could buy a used unit on eBay, would you know how to make it work again?

Don’t forget the software. Don’t make the mistake of thinking “I’ve got an old tape drive in the store room so therefore I can read the data from that particular type of tape cartridge”. If you don’t have the correct software applications or operating system to read the data, extract the data and convert the data to newer technology, then there is little point. How will you get the data from one machine to the other? It isn’t always as simple as it may first appear. At a very basic level, an example is having an old WordStar word processing document on a 5 ¼” floppy disk originally written under PC DOS 5.0 on an IBM PC/XT. How can you access the information contained within that file using the Windows Vista laptop sitting on your desk today? Not only does the old 5 ¼” floppy not fit into the laptop, but it is unlikely that the software you have on your laptop would read the file even if you could load the storage device.

Do you have the floor space in your data centre to accommodate the retired storage equipment? Most data centres have high operational expenses, and with floor space at a premium, and sometimes charged by the square metre, is it practical to take up a portion of your data centre with rarely-used, dust-collecting, aging relics of storage technology?

How efficient would it be?

Given that you decide to retain legacy equipment in-house, how long would it take to restore the data – particularly if a large volume was required? Could it be done quickly, efficiently and reliably?

The emerging trend:

As a result of the increase in regulatory compliance and legislative requirements in recent years, an alternative and much more feasible option for many organisations is to entirely outsource this problem -data and all. Specialist organisations are emerging who can offer guaranteed access, on demand, to these infrequently required but important data assets in time to meet strict audit deadlines.

They can provide data on call services whereby data can be quickly and correctly restored from any media type and from any data format, converted and then output in any format and to any specified media type. These services can be provided at a fraction of the cost it would require to either migrate the entire data holding or manage it in house, and are performed quicker and more efficiently due to economies of scale and the organisation’s expertise in the legacy technologies.

A legacy data holding can be stored off site in a secure and purpose-built data vault, with access to the information offered on a variety of service level options depending on the restoration turn around required; the type of data and media involved, among other factors. Data can be restored and converted on an as-needed basis, and then delivered either directly to your desktop via secure file transfer over the internet, or out put to disk or tape for secure delivery, depending on the requirements and urgency.

Organisations offering these specialised data on demand restoration services not only provide cost effective solutions to the immediate dilemma of data access, but can also provide a whole range of additional services which can give you greater cost efficiencies and competitive advantage. These include services such as data segregation, de-duplication, backup, validation, compression and enhancement prior to the output of the restored data. The ability to impart and offer guidance on the vulnerabilities of various types of aging technology, the recommended life spans of media cartridges, correct storage procedures, not to mention the ability to provide regular data audits and test restores can prove invaluable to an organisation in the protection of its data assets for the future.

Think about it………. more room in the data centre, personnel and resources freed up to concentrate on and be allocated to current projects, quick, worry- and hassle-free access to data when required, not to mention the economic and value added benefits. Throw into the mix the list of value added benefits and strategic advice which these organisations can provide based on years of experience, then why would you consider any other option? Upgrade your data storage technology today and let the experts take care of your archived and historical data access requirements.

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