Keeping Positive: Establishing a Charitable Remainder Trust | American Funds

American Funds® Investors video transcript

Keeping Positive: Establishing a Charitable Remainder Trust

Speaker: Frank Fukuhara

VIDEO (4:25) Recorded June 10, 2014

FRANK FUKUHARA: I tell everyone, “If you can’t laugh, you might as well be dead. Because laughing makes you smile and makes you think of happy things.”

My name is Frank Fukuhara. I am 99 years old. I’m in good health. I’m very much devoted to my family. I have two daughters, four grandchildren and one great-grandson. They are the ones that make my world go around, which makes me very happy.

FRANK: Oh, we’re getting down to business now! Stuart is back there, I have to be careful of what I say!

Jimmy and I were at this gathering in Venice — they call it a community center. That’s where we learned what kind of a work that Stuart did.

STUART: We met him at a seminar to try to generate contributions for a charity. And they had a piece of property that they knew was worth a lot more than what they bought it for. They were interested in selling it. So we just suggested a charitable remainder trust. It gave him an opportunity to sell the properties, not pay the income tax on the gain, also get a tax deduction and then generate income.

FRANK: We looked at each other and said, “Do you know what a charitable remainder trust is?” And I said, “No, I never heard of the word.” So the more we talked with Stuart, we thought it was a good idea. My understanding is that when both wife and I die, the money will go to those two charitable institutions.

I have a budget for my golf, I have a budget for my garden, I have a budget for my children. And as long as Stuart makes money for me, he’s going to be my friend [Laughing]. I hope you’re recording all that!

When I’m able to be outdoors and breathe the fresh air, and fellowship with my fellow golfers, I say thank you.

People in Santa Monica, West Los Angeles and Venice all went to a place called Manzanar. That is near Lone Pine. We left the camp and the government paid our way to our destination. So when I arrived in Santa Monica, the red house that we had left was still standing. But the plumbing was all gone. So you can imagine the challenge I had, starting my life on my own with nobody to help me. I had two dollars in my pocket. But then I realize today that I become a man.

I have three women who have a big impression on me: my mother, my first wife and Yoko. And if it wasn’t for Yoko, I wouldn’t be here today. And that’s the truth. We have a lot of fun together, and she’s always watching my health. She wants to me live to be 120. I won’t live to be 120. If I live another five years I’ll be happy.

You have to have a positive… You can’t be thinking about how sorry you are for yourself. No. You have to be on the upbeat. And put this thumb up!

 


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