Gifts of real estate can be a) very advantageous to both your donor and your organization, and b) complicated.
Below, please find some suggested reading that can help familiarize you with four important aspects of real estate gifts.
Please review some of the tax issues related to real estate gifts.
Prominent news magazines like Slate, Esquire, Forbes, Corp. Magazine have featured at least two articles in the past 12 months on table etiquette. The world of high net worth is returning to more formal settings. So we will too!
When talking with your donors about a CGA, make sure you include this alternative which might be a really smart move for your donor.
"The oldest of America’s 72 million baby boomers are turning 68 this year, the average age at which individuals create charitable remainder trusts. That's likely to produce a surge in such trusts in the next 20 years."
In order to have an initial conversation with a potential benefactor about an RLE, you need to remember these things:
What's so great about the Roth IRA, and why does congress continue to support it, even though it means an ultimate loss in tax income for the government?
How do you work with energetic entrepreneurs? What characteristics do they have and what should you be prepared for?
A few days after a staff training session focused on gifts of real estate, a relatively new gift officer named Russell left his office in the Midwest for a week of donor visits.
Everyone's time is precious. Make sure you are getting the most out of your donor visits by clearly articulating the purpose of the meeting ahead of time.
Don't assume that high-net worth people and their advisors are well informed about what kinds of assets can be gifted.