Charity run to raise funds for Sunshine Children’s Ward

first_imgNewsLocal NewsCharity run to raise funds for Sunshine Children’s WardBy Alan Jacques – March 7, 2014 789 TAGSMusic LimerickSunshine Children’s Warduniversity hospital limerick Print Facebook Previous articleCollins posts a challenge to Limerick’s Government TDsNext articleSearch underway for missing student Alan Jacqueshttp://www.limerickpost.ie THE Sunshine Children’s Ward at the University Hospital Limerick will benefit from a charity run/walk this weekend which encourages participants to ‘run in memory of your loved ones’.The Hurley/ Hoey 10km charity event takes place this Saturday, March 8 about 2km outside Ennis off the M18 Limerick bypass in Gurteen, Doora. Corresponding events will also take place on the same day in Melbourne, Sydney, London, Northampton, Brussels and Los Angeles.Sign up for the weekly Limerick Post newsletter Sign Up Last year over 2,000 participants took part in the run helping raising €28,000 for The Sunshine Children’s Ward at the University Hospital Limerick and St Anne’s Special Needs School in Ennis. This year, Headway Mid-West, which supports people with acquired brain injuries will be added to the event’s list of benefactors.The run was set up in memory of both Ger Hoey and Eilish Hurley, prominent members of St Joseph’s Doora Barelfield GAA club.Event committee member Seanie McMahon commented; “When we first gathered together to discuss the event we were just focussed on making sure that whatever we did would make Ger and Eilish proud and cherish their memories.”“We were also conscious though that our club had also lost some very special younger members and the ‘run in memory of your loved ones’ was about making sure that everyone could be included and cherish the memory of their loved one,” Seanie explains.The Hurley/Hoey 10km Run takes place this Saturday, March 8. Entry fee is €20 for adults, €10 for students and free to enter for under 18s. For more details log onto www.runireland.com. WhatsApp 64 patients waiting for beds in UHL Numbers of Limerick hospital group staff sidelined by COVID-19 reduces by 162 in past 7 days Advertisementcenter_img Email Twitter Updated statement on service disruptions UL Hospitals Group 53 patients waiting for beds at UHL Management at most overcrowded and most COVID-hit hospital apologise to patients ‘waiting over 100 hours’ for a bed RELATED ARTICLESMORE FROM AUTHOR Linkedin Celebrating a ground breaking year in music from Limericklast_img read more

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Strategic Opportunity Zone Investment

first_imgEditor’s note: This Q&A appears in the April 2021 DS News magazine, available here. Robert Hutchins is Managing Director of the Ellavoz Shared Values Opportunity Fund, and President and CEO of Ellavoz Impact Capital. The company sponsors and manages the Ellavoz Shared Values Opportunity Fund and the Ellavoz Impact Angel Network.Hutchins is a retired Partner of WithumSmith+Brown (WSB), a regional CPA firm with approximately 1,300 employees. Hegraduated from St. Peter’s College and began his professional career with Price Waterhouse in Hackensack, New Jersey. Prior to combining his accounting practice with WSB, he was Managing Partner of Hutchins, Farrell, Meyer & Allison. Hutchins is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants, as well as the National Association of Certified Valuation Analysts.Hutchins recently joined DS5 to discuss the options available in Opportunity Zones and how investing in them can profoundly impact communities nationwide.Could you discuss how Ellavoz’s Shared Values Opportunity Fund is working to leverage Opportunity Zone investment for the betterment of communities? Our mission with Ellavoz Impact Capital is to drive private capital to distressed asset communities. Ellavoz Shared Values Opportunity Fund, along with our not-for-profit partners, New Jersey Community Capital and Community Asset Protection Corporation has created a low-risk superior market return asset class for accredited investors. That is a great incentive for direct participation and rebuilding great American communities. We function very similar to a family office, a real estate investment club. Thereby, affording a vehicle for our high-net-worth accredited individuals to directly invest and to see the tangible benefits they are making in communities. We’ve leveraged various financing to our community development financing institution, New Jersey Community Capital. We have no carried interest or promote fees to provide an economical, efficient investment vehicle for these angel investors. We call them “Ellavoz Impact Angel Network Investors.” We pass on all of these high-value add efficiencies to our investors from ground acquisition, to rehab or construction, or property management, to exit after 10 years. That is the time period investors will hold their investment in our fund in order to gain the benefits of complete exclusion from taxation for federal and most state tax authorities. Can you detail just how the Ellavoz Impact Angel Network works? It’s somewhat unique and somewhat similar to many angel groups that exist in that we invest alongside each other. We draw on the expertise and experience of each of our members. Our three Opportunity Zone Funds, and soon to launch social impact Ellavoz Neighborhood Homes Fund, are real estate-focused with a goal of 80% affordable residential workforce and 20% non-residential. We are looking at mixed-use projects and industrial, maybe some commercial as well, to not only provide housing but also some economic development in the areas we are targeting. We are very much like a family office real estate investment club. Each of us have the same direct investment opportunity to any deal that’s brought to the group. Ellavoz Impact Capital is the management firm for the funds. My investment and any other Angel’s investments are treated exactly the same. If you invest $1 and I invest $1, you’re going to pay exactly the same fees that I pay, which are low compared to industry. You’re going to receive exactly the same proceeds on your dollar that I receive on my dollar, so it’s very much a direct investment. Do you think Opportunity Zones are now living up to their full potential thus far? Are there areas that could help take Opportunity Zone investment to the next level? They have not so far, but the potential is tremendous. In the beginning, there were some sad projects that were taking advantage of new tax laws.  As I say to some of our investors, “Beware of pigs with lipstick, because a bad deal in an Opportunity Zone is just a bad deal.” I look at a lot of deals and they’re all very transactional in their mentality and strategy. When you find a deal in an Opportunity Zone, it can be sold as a tax benefit. A bad deal in an Opportunity Zone is just that … a bad deal! There are too many of those floating around. What they have in common is the risk mostly on the Opportunity Zone equity investor. The Opportunity Zone tax law 1400Z-2 requires that if you’re going to receive Opportunity Zone benefits, you must be an equity investor and not a debt investor. Therefore, the risk is on my investors and myself. Much of the upside goes to the developer based on how these deals have been formatted. We turned this around, we’re very much an investor-focused private equity firm. We protect our investors because we are investors and invest with them. It takes an independent and highly qualified due diligence process for the exclusive benefit of investors—not the developers—to weed out the bad actors and let the best deals come to the top of the pile. When we find a deal that meets our criteria, we generally revalue it to what we feel is the required internal way to return for our investors before we consider investments. We do a significant amount of negotiation when we do find what we believe to be economically viable deals that should be done. In addition to our social impact criteria, our financial impact due diligence is considerable. As an entrepreneur and a retained intermediary for a couple of family offices, I’ve been doing this for decades. So, this is something that we do as an advisory service, which is a division within our private equity firm. For anyone who’s an investor looking to potentially pursue opportunities on investment, what are some of the most critical information they need to know? As I discuss with my investor partners, we look at their tax situation. What is the deal that is creating the capital gain that you’re thinking of investing in an Opportunity Zone for significant tax benefits? Coming from a background as an advisor partner, tax partner in a major accounting firm, and CPA firm, my background is one of a certified public accountant, as well as a certified valuation analyst. I tend to get a more holistic view of our investor clients’ entire investment portfolio to see if they are reinvesting too much of your gain in a 10-year hold investment, simply because they just want the tax benefits? That’s the first question you should ask. The second question, or the second that must meet criteria, is if the investment a good investment. It should be a conservative investment because you don’t need to have the promise of skyrocketing returns in a riskier investment. What you’re really looking for is a very low risk investment with a 10% to 12% annual internal rate of return (IRR) that’s going to be tax-free. I once sold my bioinformatics business at about 10 times my original cost. Using those proceeds in a conservative Opportunity Zone investment fund, I’m protecting my money, while getting a much enhanced IRR after tax by using the Opportunity Zone fund investment. There are hotel deals and luxury apartment deals out there … I’m very wary of those. I’ve seen them, have gone through the projections, and have gone through their business strategy. Many of them rely on tenants paying some significant rents. What I have found frankly is that as a somewhat conservative investor myself, if you’ve already made a significant capital gain, especially if it’s one that you’re probably only going to make once in your life, put it into something that is rock solid, low risk and with a reasonable return. Don’t be sold on, “It’s too good to be true” projections. With a new presidential administration now in control, what are you anticipating as far as potential impact on Opportunities Zones under the Biden Administration? Well, I’m very optimistic under the new administration because Opportunity Zones have really become a very bipartisan effort. Sen. Tim Scott (South Carolina) and Sen. Cory Booker of my home state of New Jersey were principal sponsors of the original internal revenue code section 1400Z-2. Sen. Scott recently signed on a bill to increase economic impact measurements for Opportunity Zone qualification. As a member of a national Opportunity Zone working group, I welcome it because our funds are already exceeding the social impact reporting requirements that the new bill would possibly legislate. In addition to that, the Biden Administration is looking for more distressed community redevelopment and will support those programs, both in and out of Opportunity Zones. In a few weeks, we will be launching our Ellavoz Neighborhood Homes Fund. This is not an Opportunity Zone Fund, but we’ll be developing, rehabbing, and selling quality homes in and around the same targeted communities that our Opportunity Zone Funds are making significant investments at affordable rates. We take a very strategic business approach to our investments, as opposed to a more transactional hit-and-run type. The other most significant possible tax change is the loss of step-up in basis, which has been a tax loophole or benefit, depending on how you look at it. When you die, you pay state taxes based on the value of your estate, but you get this tax-free step-up in basis. President Biden’s plan is to eliminate the step-up in basis, or charge a tax on the capital gain. Being the difference between your cost basis and the value at your day of death. If Opportunity Zones specifically exclude capital gains from taxation, tax-qualified Opportunity Zones will essentially be a workaround toward the increase in wealth tax at death. I believe there’ll only be an increase in incentives. New market tax credits have been increased, community development financial institutions (CDFIs) allocation of funding has been increased, and our partners are a CDFI. We see even more tax incentives and financing incentives available to our investment partnerships, and we pass those benefits directly through to our angel investors.  David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Print Features Sign up for DS News Daily Previous: Seller’s Market Continues to Flourish Next: Remote Workers Push for Second Homes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Strategic Opportunity Zone Investment April 8, 2021 1,193 Views Home / Daily Dose / Strategic Opportunity Zone Investment Share Save Related Articles 2021-04-08 David Wharton Subscribelast_img read more

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Mbappe gives PSG quit notice, eyes Man Utd, Liverpool’s  transfer

first_imgKylian Mbappe has stunned Paris Saint-Germain chiefs by telling them he wants to leave next summer. And the France World Cup winner is plotting a shock move to La Liga or the Premier League. The revelation could spark a transfer scramble with Liverpool, Manchester United, Barcelona and Real Madrid all in the mix. Mbappe, who permanently moved to PSG for £165million in 2018, has two years left on his deal in the French capital. According to The Times, he has informed PSG he wants to play one more season giving them a final opportunity to generate a transfer fee. Mbappe is thought to have an interest in playing for the Red Devils while previously revealing his admiration for Liverpool and Jurgen Klopp. He said in January: “What Liverpool do at this moment is amazing. “They’re like a machine, they’ve found a rhythm and are like ‘we play again, we play again’. “When you watch you think everything’s easy, but that’s not easy. “The guys are focused, they play games every three days and they win, they win, they win. Loading… Promoted Content7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?11 Most Immersive Game To Play On Your Table TopWhat Happens To Your Brain When You Play Too Much Video Games?Some Impressive And Almost Shocking Robots That ExistThe Very Last Bitcoin Will Be Mined Around 2140. Read More11 Items You’ve Been Using Wrong Your Whole LifeWhat Happens When You Eat Eggs Every Single Day?7 Black Hole Facts That Will Change Your View Of The Universe11 Strange Facts About Your Favorite TV Shows7 Ways To Understand Your Girlfriend BetterYou’ve Only Seen Such Colorful Hairdos In A Handful Of Animecenter_img “To be as ruthless as they have been would come from lots of hard work in training and from having a very good manager.” Real Madrid and Barcelona are long-term admirers and were beaten to his signature when he left Monaco in 2017. His availability could come at the perfect time for Barcelona who are braced to lose Lionel Messi next summer. Real Madrid are also tightening the purse strings this summer and are likely to have the cash to spend next year. read also:Mbappe Tests Positive For Coronavirus Klopp has remained loyal to his front three of Mo Salah, Sadio Mane, and Roberto Firmino. But his deadly trio all turn 29 next year and the German wouldn’t pass on the chance to sign a younger superstar. Mbappe is one of football’s biggest talents and is touted to win numerous Ballon d’Or’s once Cristiano Ronaldo and Messi hang up their boots. In 2018 he proved pivotal guiding France to the World Cup by becoming only the second-ever teenager after Pele to score in the final. He has scored 90 goals in 124 games since moving to PSG and has won three consecutive league titles. FacebookTwitterWhatsAppEmail分享 last_img read more

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Young Badgers looking to surprise

first_img2010 was a season of mixed results for the Wisconsin volleyball team.The Badgers jumped out to a promising 11-0 start, tying for the best start in school history. But the team couldn’t continue the trend, as it posted a 16-15 overall record to finish the season. The Badgers wrapped up their first winning season since 2008, but failed to reach the NCAA tournament and went 5-15 in conference play.Many of the struggles in the Big Ten came from the Badgers’ lack of consistency in close sets, as the team went 6-12 in sets decided by two points. In 2011, the Badgers will look to polish their consistency in close contests.“We lost quite a few sets by two points last season, and our goal is to turn that into wins,” head coach Pete Waite said. “Mental toughness is key to finishing off the long sets, especially late in the season.”Lack of consistent results stemmed from an inconsistent starting lineup, as the Badgers used 12 different combinations throughout the season to adjust to injuries and inconsistent play.“We’ve gone through injuries that made it hard to go through our business like we were used to,” Waite said. “Sometimes multiple injuries and youth make a big difference over the course of a long season.”Waite’s squad was also one of the youngest in the conference. Carrying just seven upperclassmen on a team of 17, the Badgers will be in more or less of a similar situation, as only five upperclassmen fill the ranks of the current squad. With six new incoming freshmen, the team will be ripe with new faces and talent.However, don’t be surprised if those new young faces make a big difference right away.“The way volleyball is now at the high school and club level, it’s getting so much higher and closer to the college game,” junior Alexis Mitchell said. “We have a lot of freshmen that have played at the international level and a high level at club so they know the game extremely well. The only big adjustment for the freshman is a little faster game tempo and new teammates. The freshmen we have are definitely one of the top 10 recruiting classes in the nation.”Chemistry will be one of the Badgers’ biggest issues in the early part of the season. While the team returns five key players, including senior captain Janelle Gabrielsen and Mitchell, the returning members will need to learn how to mesh with the younger players and their playing styles in the early weeks of the season.“Chemistry is so important in volleyball because it’s not a sport you can do by yourself,” Mitchell said. “Not one person can get the job done; all six people on the court need to be flowing and working together at all times. You can get beat by any team that has great chemistry; if you don’t have it you can get beat any day.Those words ring especially true in the Big Ten, where the competition is perhaps the stiffest in the nation. Entering the final week of August, seven of the 12 teams in the conference were ranked, including Penn State at No. 2 overall and newcomer Nebraska at No. 5.“You have to be prepared for every team in the conference,” Gabrielsen said. “You always have to scout and prepare for every team. You can’t be unprepared for any team in the Big Ten the way it is with the level of talent and competition.”With less than a month to prepare for the opening conference match against Northwestern Sept. 23, Wisconsin hopes to use its early non-conference matches to find its identity. By that time, the Badgers hope to have a solidified rotation and starting lineup to give them the consistency they lacked last year.“Once we get into the Big Ten schedule, we want to have the same lineup so there’s a familiarity with each other’s play,” Mitchell said. “People on our team have really been fighting in these early games to show what they’re made of to earn a spot. It’s a time to prove yourself during non-conference play.”“We know that coming into Wisconsin and every preseason, we are in the toughest volleyball conference in the country,” Mitchell added. “There is some stress there because we want to finish at the top and get back to the tournament, but we use it as motivation. Knowing we’re going up against great competition will only make us better, and we just have to have high confidence. With the top teams and Nebraska coming in, they may look at us as the team we were last season and think they can walk all over us, but they’re in for a surprise.”last_img read more

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MS Dhoni’s advice to Mithali Raj’s girls: Embrace the occasion

first_imgAs India women get ready to face hosts and favourite England in the final of the Women’s World Cup at Lord’s, former captain MS Dhoni has sent his advice and wishes for the Women in Blue.India women have reached the final of the World Cup for the second time — the first being in 2005 where they were overhwhelmed by Australia by 98 runs.Photo Credit: Reuters MS Dhoni has led Team India 2011 World Cup triumph, T20 World Cup win and the 2013 Champions Trophy victory.2011 WORLD CUPIn the 2011 World Cup as well, India had defeated Australia in the quarter-final just like the 1983 World Cup and then went on to win the trophy.At the Wankhede Stadium in the final, Sri Lanka won the toss, opted to bat first and posted a good 274 runs for India to chase.Gautam Gambhir and MS Dhoni steered India’s chase as the former scored 97 runs off 115 balls and the Captain Cool promoted himself up the order and played a match-winning knock of 91 in 79 balls to give India their second World Cup.Photo Credit: Reuters MS Dhoni’s calm yet explosive innings at the fag end of the match still remains a strong memory in the minds of all Indian cricket fans.2007 T20 WORLD CUPOpting to bat first, Gautam Gambhir held the strings and scored a solid 75-run innings at the top to guide India to a decent total of 157 runs.Pakistan’s batting order held their stitches together and Misbah-ul-Haq’s 43 from 38 balls was crucial to take Pakistan close.advertisementBut Dhoni’s call to give Joginder Sharma the last over proved to the masterstroke that gave India a 5-run victory and the Men in Blue scooped the first T20 World Cup and their first ICC trophy under Dhoni.2013 CHAMPIONS TROPHYIndia were on a rampage in the 2013 Champions Trophy in England. They reached the final after winning all of their four matches.MS Dhoni’s young squad was up against the hosts England in the final and put to bat first, India managed to put a 129 runs on the board in 20 overs with Virat Kohli being their highest scorer with 43 runs.Bowling to England, India picked up wickets at regular intervals as Dhoni’s sharp bowling rotations enabled Ravichandran Ashwin, Ravindra Jadeja and Ishant Sharma to pick two wickets each.With such an effort, India were able to hold England to 124 in 20 overs and won the championship by 5 runs.Photo Credit: Reuters MS Dhoni, the only captain to have won all the ICC trophies, restrained from saying ‘All the best’ to the girls saying he’s superstitious.”Cricket is a game where superstition is involved and I’m definitely superstitious about a few words so I won’t say those words but I’ll definitely share my experience and what I think is important,” Dhoni said in a video.Can the #WomenInBlue keep cool like @msdhoni to cross the line and lift the @ICC #WWC17? Watch Cricket LIVE at 2 PM, on Star Sports! pic.twitter.com/kda0qJvjcG- Star Sports (@StarSportsIndia) July 23, 2017But the ‘Captain Cool’ shared his vast experience with Mithali Raj and co and asked them to simply embrace the occasion.”To start of, I think the women’s team has done exceedingly well throughout the World Cup. What’s important is to embrace the occasion, to go into the final to win the finals. If it happens the next time, you have to win all the games in the league stage and the quarters or a semi-final to get into the final. So what’s important is not to focus on the result, not to think what if we win or don’t win,” Dhoni adviced.Dhoni went on to say that one extraordinary performance on the day would be enough for the Women in Blue to lift the World Cup.”What’s important is as a team all of you have done really well and contributed, that one extraordinary performance will give you the World Cup, can be a brilliant catch or a good run out or good innings or a good bowling spell. So that’s what it boils down to,” Dhoni told.Dhoni adviced the India women to keep it simple and enjoy the occasion because that’s what cricket is all about.”So keep it simple, enjoy the occasion. Being in a World Cup final is something that doesn’t happen very often so embrace the occasion and definitely enjoy the moment because that’s what cricket is all about. It’s a sport, it’s meant to be enjoyed,” Dhoni added.Dhoni ended the video by saying that the nation is backing the women’s team but at the end, he urged them to make it a historic day for the nation.advertisement”Definitely we are backing you and there’s something that we want but let’s make it a historic day for India,” Dhoni said in the end.last_img read more

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