The AFR is also known as the IRS Discount Rate. It's part of the calculation used to determine the charitable deduction for planned gifts such as charitable remainder trusts (CRTs) and gift annuities. The higher the AFR, the higher the deduction for CRTs and gift annuities, and the lower the tax-free portion of the annuity payment.
Almost everything owned and used for personal or investment purposes is a capital asset.
Rebecca is a 75-year-old widow who loves attending the opera. She has been a season-ticket holder for years, but is considering dropping her subscription because she is concerned about the cost.
Cynthia and Philip, both retired professors, are married and still in love after all these years. They have a combined wealth of approximately $1 million, and each recieve Social Security and a pension.
James Hodge is the Associate Chair of Principal Gifts in the Department of Development at Mayo Clinic. This is his iSpot presentation about entrepreneurs funding innovation and health care transformation.
This 22 minute interview covers trends among philanthropic families and what nonprofits should do to engage them.
The Gift Tax Exclusion for 2015 is $14,000 per year, per person.
What does this mean?
The basic federal estate-tax exclusion amount for estate of people who die in 2015 is $5,430,000, up from $5,340,000 in 2014.
This is a widely used statement outlining an "industry standard" of what how we, as fundraisers and nonprofits, should view and treat our donors.
A donor wants to make a $20,000 outright gift to your organization. What's the difference to his bottom line if he: 1) writes a check for $20,000, or 2) gifts the stock, or 3) sells the stock and gifts the proceeds?