It’s been said that all good things must come to an end, and by all indications that is true for the “IRA Charitable Rollover." Pretty much everyone agrees that Congress will not be renewing it after this year.
Keep in mind that we are only one of several sources, so in order to be credible we need to have awareness of the various issues donors are considering when they make a major gift. In other words, we need to know what we're talking about.
Last year, in the face of possible changes to tax policy during the "fiscal cliff" deliberations, a whole bunch of people set up donor-advised funds (DAFs).
According to this article in the Chronicle of Philanthropy DAF's increased 34.6 percent last year to top $13.7 billion.
How can Cathy make a gift through her estate plan that will take care of living relatives AND provide a significant gift for the Symphony?
A recent study asked high net worth individuals to list the groups they had confidence in to solve societal or global problems.
Who said “Philanthropy can be a key part of your overall wealth management plan?"
A. President of Princeton in address to donors
B. Warren Buffet
C. Goldman Sachs and Co. promotional material
D. Cleveland Clinic promotional material
The Answer:
C. Goldman Sachs and Co.
This quote from Goldman Sachs materials in 2009 was the first time that they overtly promoted philanthropy as a planning strategy.
There are many examples of heirs being surprised by charitable gifts and challenging the legitimacy of these gifts, accusing the organization of exerting undue influence. Help avoid potential problems for your organization.
As a major gift officer you’ve developed a great relationship with Shirley Knot, a significant donor to your organization. How would you handle this potentially complicated situation that arises with Shirley?
A recent poll asked people with wealth to rank seven items in order of importance. The question was: “What would you MOST like your heirs to inherit from you?”
A., B., C. and D are ALL true.
There are lots of great reasons donors give assets and here are just 4 of them.