Sharpe Blog

Archive for November, 2015

Posted November 30th, 2015

When Is a Gift Complete for Tax Purposes? Pt 1

Another way to ask the question is, what is the date of gift? This question is important for two reasons. First, the date of gift is the valuation date for federal income tax purposes. Second, the date of gift is the date on which the gift is made for tax purposes. In year-end giving, the… read more

Posted November 24th, 2015

A Helping of Gratitude, Please

Gratitude has always been said to be good for the soul. A recent NPR report on a study of health benefits of gratitude suggests that it’s good for the heart too. Every day, charitable organizations express gratitude for their donors. One of the most important things fundraisers do is thanking those supporters. Over the years,… read more

Posted November 16th, 2015

Reserving the Right to Revoke

Revoke what? Revoke the right of another to receive gift annuity or charitable remainder trust (CRT) payments. The right to revoke has one and only one purpose: to prevent the making of a gift for federal gift tax purposes1. Here’s an example: The donor, using her own assets, creates a gift annuity that is to… read more

Posted November 2nd, 2015

Just the Facts

“Just the facts, ma’am.” That’s what the Jack Webb character always said on Dragnet. The same applies to charitable gift planning, to donor situations, where the law is usually clear, but what’s often unclear are the facts. For example, a donor says, “I own a corporation that has some real estate. I’d like to give… read more

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