Nonprofits Fight Obama Call to Curb Charitable Deduction
President Obama’s plan to allow donors to deduct up to 35 percent of their charitable donations may look like an early Christmas gift to nonprofits
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Donors: Goals and Concerns
Trusts
Trusts are a key aspect of non-charitable estate planning. Yet they are important for gift officers to have a handle on, both because it works to your advantage to have a complex understanding of the potential goals and avenues available to your benefactors, and
Calculating Charitable Deductions
This page breaks down the rules involved in calculating the charitable deduction according to the following topics:
Letting a CGA Get Lunch
Marianne is a widow in her early 80s. She and her husband Richard both grew up in Seattle, and were married for more than 50 years before Richard passed away. Marianne has no children, and has always assumed that she would divide her estate between her two favorite charities.
Donor Advised Funds vs. Family Foundations
A Donor Advised Fund (DAF) is one of the fastest-growing options in philanthropy, and there are good reasons why. In fact, DAFs have surged ahead of private Family Foundations in terms of popularity.
Alternative Minimum Tax (AMT)
The Alternative Minimum Tax is a tax meant only for the wealthy, but one that has paralyzed much of the middle class for decades. Fortunately, as of the end of 2012, it has been permanently defanged. Granted, the AMT hasn’t gone away. But this law, which has been modified 19 times since 1969, will need no more patches.
Living Trust (Inter Vivos)
Living Trust (Inter Vivos) – A trust in which the person who establishes it benefits from it during his/her lifetime and, in common usage, is revocable by the donor.
There are no tax advantages to establishing a living trust--nor is there anything automatically charitable involved in such a trust.
Rule of 72
The rule of 72 is a simple calculation of estimating the number of years it will take for a given amount of money to double in value, at a specified rate of interest.
Roth IRA vs. Traditional IRA
When choosing between a Roth and standard IRA, it's important to understand the key differences between them. But let's start by looking at characteristics they share: