Community Leadership Award Dinner - Franciscan Children’s Hospital

Congratulations to Chris Prefontaine on receiving Franciscan Hospital for Children’s 2008 Community Leadership Award!

Friends, supporters and well-wishers of Franciscan Hospital for Children, gathered on Tuesday, May 20 at The InterContinental Hotel in Boston, to honor and celebrate the Hospital’s local heroes. Chris Prefontaine, founder of the Prefontaine Foundation (now the Prefontaine Fund) and Todd Patkin, founder of Todd G. Patkin Charitable Ventures received the presitigious Community Leadership Award while Victoria Tolman, former patient and current employee of Franciscan Hospital for Chidren, was the recipient of the 2008 Profile in Children’s Courage Award.

Franciscan Hospital congratulates the honorees and extends its gratitude to all who made this evening a success. As always, the much needed financial support we receive at Franciscan goes beyond fulfilling program needs - it touches the lives of our children in many ways.

The Community Leadership Award Dinner is an annual fundraising event that brings together numerous friends, partners and supporters of the Hospital to appreciate the unwavering support exhibited by individuals, corporate partners and organizations within the community, towards the Hospital’s mission.

During this event, the Hospital also recognizes the courage of its patients through the Franciscan Profile in Childrens Courage Award. The Franciscan Profile in Childrens Courage Award honors patients who have shown resilience and courage in the face of overwhelming challenges while on the path to recovery.

Helping Children Succeed

The Prefontaine Fund at Franciscan Hospital has evolved from what was formerly a nonprofit family charitable foundation established to provide better opportunities for children in need. Because of Nick’s Story, the primary focus of the Fund is to initiate and support fundraising activities on behalf of Franciscan Hospital for Children. The Prefontaine Fund donates 100% of all funds raised to Franciscan Hospital for Children.

Mission

The mission of the Prefontaine Fund is to support projects that promote the best possible learning experience for children and young adults, enabling them to enter the real world with confidence.

The Nick Prefontaine Story

We invite you to see and hear the power of Nick and the Prefontaine family’s experience at Franciscan Hospital for Children. Click here to view Nick’s video.

Contact us if you’d like a copy of the DVD to share.

The Prefontaine Fund’s Current Projects

Thanks to the generosity of dedicated friends and supporters of The Prefontaine Fund, a number of projects are underway.Two of these projects are the new state-of-the-art Physical and Occupational Therapy room known as Nick’s Room, and a new Solarium.

The Prefontaine Fund has raised and donated over $100,000 annually to the Hospital towards these and other major projects. Featured Project– A New Solarium Room - a breath of fresh air!
Imagine never having felt a breeze, or played or napped in the sunshine? Let’s give these kids that chance!

The children at Franciscan Hospital are often wheelchair bound and dependent on respirators and other life-sustaining equipment. Many of these children are at Franciscan Hospital for months or even years and seldom, if ever, are able to go outside to experience and enjoy the fresh air and sunshine. The new Solarium Room will give them that opportunity.
The Prefontaine Fund’s pledge for this project is $100,000.

Support our efforts by donating as an individual or a company.Contact us to find out how you can support us further.

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Time Saving Tips for Real Estate Investors

Time Saver #1: Delegation

Regardless of what level investor you are, you still want to make sure you’re not stuck doing the tedious, repetitive, time-sucking mundane activities that make you feel busy.

Your focus should always stay on the five key elements of investing:
1. Locating prospects
2. Prescreening them quickly, but efficiently
3. Getting the deed or purchase agreement on the “low hanging fruit”
4. Using the systemized checklists to sell or lease option a property
5. Delegating the rent collection for your lease option or rental properties

Don’t get stuck talking on the phone to any and all sellers at all hours of the day/night. Don’t waste time going after suspects vs prospects, visiting properties you’ll NEVER buy. AND DO NOT babysit contractors, rehabbers, etc.

Once you have the five basics down, you can easily delegate those and the administrative tasks that accompany them as well.

1. Locating prospects – Have a senior center or mailing company do your mailing. You only need to place an ad or put a sign up one time. If you need to set up a renewal for the ad you schedule the advertiser to call YOU to decide whether or not to keep it running.
2. Taking calls and prescreening – Use a 24 hour phone service with live operators to use the lead script we give you. Then you continue screening from the info you’ve already collected through your phone service. You can also send buyers and sellers to voice recorded messages that tell them about the house and how to visit it on their own.
3. Credit checks and loan qualifying – let someone do it who does it all day every day—a mortgage broker
4. Accounting – Again.. give it to someone who does it regularly like an accountant or bookkeeper.
5. Inspecting a property – If it’s a pretty house—just get the deed. If it’s ugly, get a contract. If they’re motivated, visit the house. If not, stay put. After prescreening them on the phone, you won’t have that many properties to send yourself to see in one month.

I understand business must be run behind the scenes as well as up front, but don’t waste large amounts of time on activities that aren’t making you money. You’ll only be spinning yourself in circles, getting no where. You are the lead generator, and the sale closer. Focus one at a time on getting the other tasks taken care of.

Eventually when you have all your systems in place—you can take off to Tahiti for a month and your business will still be running on it’s own without you. Beautiful thought isn’t it?

www.thebigsystem.com for a 100% NO OBLIGATION, FREE REPORT on Making Real Money in Real Estate

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Powerful Wealth With Your IRA

How to Earn and Accumulate Tax FREE Wealth In Your Self-Directed ROTH IRA

We can start by saying: I am not an IRA Expert. But I utilize a company called Equity Trust Company who employs hundreds of experts. They are the nation’s leading self-directed IRA custodians. I have my IRA’s there, my kids’ and my companies’, as well as all my private investors’ IRAs.

If you’re not familiar with the ROTH IRA, it’s a new kind of IRA created by the tax payer Relief Act of 1997. Traditional IRA’s are “tax-deferred” accounts that are funded with pre-tax dollars and in most cases you get a deduction for your contributions. When distributions are taken from the account, those funds are taxed. Traditional, SEP, SIMPLE and Individual (k) Plans are referred to as “tax-deferred” accounts.

By contrast, a ROTH IRA is a “tax-free” account which is funded with after tax dollars, meaning you do not receive a deduction for contributions. When distributions are taken, there are no taxes incurred in a tax-free account. You obviously have to conform to the plan provisions to get this tax-free advantage.

Let’s look at some examples using a $100,000.00 investment so you can start to see how powerful your ROTH can be:

After one year, your investment (assuming a 15% gain) is worth normally only $109,750.00 if taxed at a 35% tax rate ($100K x 15% = $115K -$5250 in taxes).

In your ROTH IRA, after one year, you have $115,000.00, Now if you do absolutely nothing for 5 years, look at what happens at that 15% rate.

1 Year $115,000

2 Years $133,332

3 Years $154,812

4 Years $179,312

5 Years $207,983

If you already have a traditional IRA, you can still start a ROTH IRA. The thing to remember is that you can only contribute up to the individual limit (see chart below) per year to any combination of traditional and ROTH. In other words, you can’t do $5,000.00 to EACH IRA account. Instead of making this a text book read, please consult the www.trustETC.com site and your accountant regarding converting traditional to ROTH and respective contribution limits.

IRA Contribution Limits Year Age 49 and below Age 50 and above 2002-2004 $3,000 $3,500 2005 $4,000 $4,500 2006-2007 $4,000 $5,000 2008 $5,000 $6,000

After 2008 the contribution limit will increase in increments of $500 depending on the rates of inflation.

Please also note that you DON’T HAVE TO CONTRIBUTE yearly. You can open an account with $500.00 and let it sit in there. You can then use that money to option a property and have tens of thousands on profit go to your ROTH upon sale of that property. An important note here is that you don’t have to use your ROTH for real estate only. You can make loans, investments, and control other assets in your self-directed ROTH.

Here’s the trick: With your ROTH IRA, when doing real estate, it does not count as a contribution-it counts as an investment just as if you owned a stock. Here are some ways to feed your IRA using little of it’s money:

1) Wholesale properties

2) Buy property and resell it

3) Leas option and cash out of a property

4) Option a property and sell it

5) Operate a start up business and transfer after tax profits to your IRA

You can even partner with your own IRA. You just have to make sure the profit distribution and initial investment matches the ownership interest.

i.e.) 50% capital invested = 50% profit split = 50% ownership

So here are 6 Steps For Using Your IRA to Buy And Sell Property Or Property Related Assets

1 - Open A ROTH IRA with $500.00 or more of a transfer of your existing IRA

2 - Contract to buy or option a property (or debt instrument) secured or unsecured by property. Your IRA custodian must be the buyer or optionee for your benefit. It would read something like “ETC, For Benefit Of ‘Your Name’ IRA”

3 - Send the custodian of choice a copy of the completed agreement used to buy or control the asset you’re putting in your IRA

4 - Complete a ‘Direction of Investment” form and order whatever the applicable money to seller will be. ETC requires at least $100. This provides evidence that the transaction is real and you’re not receiving a gift.

***To take this partnering idea a little further, you can actually have your IRA and your spouse’s IRA partner a deal. You can also put your kids through college using a Coverdell ESA account. You’ll need to set that up before they turn 18 however. ***

Things you cannot buy in an IRA:

1 - Artwork

2 - Rugs

3 - Your own home or a home of your linear family

4 - A property or entity you currently already control

5 - Alcohol

6 - Stamps

7 - Gems

8 - Metals (exception: some U.S. coins)

9 - Antiques

Hopefully this idea gets you thinking outside the box of how you can build wealth for now and for the future. There are powerful tools right at your fingertips.

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