Gift Planning Tips

Options for Donors Stuck at 2.2%
For nine of the 11 months of 2014, the §7520 rate has been stuck at 2.2% . . . more

Making Lemonade from the Stock Market’s Drop
The stock market’s October decline may have left clients with loss stock – and also an opportunity . . . more

What Is and Isn’t a Triggering Event?
The “flip” charitable remainder unitrust has been part of the charitable gift planning arsenal for nearly 16 years . . . more

Don’t Let a Good Deduction Go Bad
There are potential pitfalls between a client and his or her charitable deduction.  Keep these cautions in mind during year-end reviews . . . more

 

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The following articles are now available from the latest edition of the Charitable Giving Tax Service Analysis & Comment. To see the complete text, just click on the above link. Archived articles, and the full 1200-page gift planning library are available at no charge if you register and sign in to CGTS-Online, using the link on this page.

COURT RESOLVES DUELING WILL PROVISIONS
Testator couldn’t have intended to give personal property both outright and in trust.

SUCCESSOR ORGANIZATION NOT ENTITLED TO DISTRIBUTIONS
Charitable purposes not the same as that intended by testator.

WHAT’S IN A NAME? NOT $5.5 MILLION
Court voids agreement it finds grossly unfair.

TAX COURT IN GENEROUS MOOD WITH CHARITABLE DEDUCTION
Donors made anonymous cash gifts to their church.

NO SELF-DEALING IN CORRECTING SCRIVENER’S ERROR
Grantors hadn’t intended to create net-income with make up unitrust.

LEAD TRUSTS AND PLEDGES NOT SELF-DEALING
Disqualified persons not personally obligated.

DISQUALIFIED PERSON’S BENEFITS MERELY INCIDENTAL
Storage of artwork on loan won’t be self-dealing, IRS rules.


October 2014 Archive
• Borrowing to Give
• First the Gift, Then the Liquidation
• Time to Check Withholding, While There's Still Time to Adjust
• Remainder Trusts, Lead Trusts and Life Expectancies

September 2014 Archive
• Landing a Deduction for Business
• Comparison Shop with Stock Gifts
• Charitable Ideas for Gen Xers
• Dances and Auctions and Golfing . . . Oh My!

August 2014 Archive
• Charitable Giving: It’s Good for Business
• Two Provisions for Every Will or Trust
• An Alternative to Dormitory Life
• Don’t Need Life Insurance for Taxes? Give Policies to Charity

July 2014 Archive
• Spring Statistics of Income Bulletin Shows Upswing in Noncash Contributions
• Gifts of Corporate Stocks Averaged $142,409
• Fate of IRA Gift Legislation Awaits Lame Duck Session
• Hedging One’s Bets on the Longevity of a Bull Market

June 2014 Archive
• Charitable Gift Opportunities with Living Trusts
• Power of Attorney for Philanthropy
• Charity as the “Ultimate Contingent Beneficiary” of an Estate
• Charitable Bequests of Tchotchkes and Knickknacks

May 2014 Archive
• Solving the “Pre-Arranged Sale” Puzzle
• New Survey on Charitable Gift Annuities
• Should Clients Ever Leave a Roth IRA to Charity?
• Three Gifts Most Charities Won’t Accept