Viking Magazine - December 2021 - 11

Viking Voyager product is available
to purchase for children up to age 17,
granting them term coverage until 26,
at which point they can take over the
policy and convert it to a permanent
plan.
while the finan ial planner offers
advice on saving, investing and
retirement.
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@sonsofnorway
COLLEGE FUND: With the
rising costs of college, many
students need to take out loans
to pay for tuition, room and board, and
books, totaling $1.57 trillion nationally.
Help your loved one offset the costs of
college by opening a tax-deferred 529
plan in their name. If the funds are
used for qualifi d education expenses,
the withdrawals aren't subject to taxes,
either.
STOCKS: If you're wanting to
give your friends or family a
present with unlimited growth
potential, purchase a share or two of
stock from companies they recognize
and admire, such as Apple, Google,
Disney or Coca-Cola. If your intended
gift recipient is under 18, and thus too
young to hold stock, you can open
a custodial brokerage account on
behalf of a minor, in which you make
finan ial contributions and decisions
about investments until the child
comes of age.
DONATION: When you
donate to a charity in
someone else's name, it's a
win-win for everybody: Your loved
one has their name attached to a cause
or an organization they are passionate
about; the organization can use the
money to further its mission; and you
can claim a tax deduction.
FINANCIAL PLANNER:
Perfect for the young adults in
your life-perhaps recent high
school and college graduates, or those
who are just starting their careers-
gifti g them a couple hours with a
finan ial planner could help set them
up for future success. They can ask any
questions they may have about money,
" We can work with
donors to help
you incorporate
your passions and
interest into your
larger charitable
giving goals. "
-Emily Stark,
Sons of Norway Foundation
Development Manager
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EXPERIENCES: Rather
than putting 20 smaller
presents under the tree,
take the money you would've spent
on buying for extended family and
purchase a group gift-l ke a family
vacation-that everyone can enjoy
together. Not only does this teach
your kids, nieces and nephews
the value of a dollar, but also the
importance of saving so you have
money for life's luxuries.
SONS OF NORWAY:
Share your Norwegian
heritage with family and
friends by purchasing a Sons of
Norway membership for them.
They'll benefit from member
perks like free guidance from
insurance professionals, access to
life insurance and annuity products,
eligibility for scholarships and
grants, and cultural events. The
dues support your local lodge, so it's
a gift for the organization, too. ▼
Minneapolis, MN, offers financial products,
but not all products are available in all states.
Products issued by Sons of Norway are
Sons of Norway, 1455 West Lake Street,
available to applicants who meet membership,
insurability and residency requirements.
Leave a Legacy
Founded in 1966, the Foundation is the arm of the organization that gives back
to the Sons of Norway community by awarding grants, scholarships and cultural
exchange opportunities; providing disaster relief to members in need; and funding
community programs that celebrate Norwegian heritage and culture.
The Sons of Norway Foundation relies on generous donations from members
to provide this assistance. In addition to cash donations, members can support the
Foundation by making it a beneficiary in the wills, insurance policies, or annuities.
" The Sons of Norway Foundation is another benefit that Sons of Norway offers
to our members, " says Foundation Development Manager Emily Stark. " In addition
to the annual scholarships and grants we award, we can work with donors to help
you incorporate your passions and interest into your larger charitable giving goals. "
December 2021
11
Viking Magazine - December 2021

Table of Contents for the Digital Edition of Viking Magazine - December 2021
