There has been much in the news of late about supposed abuses of the tax code by those trying to lower their personal or corporate tax bills. Some in Congress have made it clear that they intend to close loopholes that may have made possible deductions of real property and other noncash gifts at inflated …Read More

The American Council on Gift Annuities (ACGA) has recently released the results of a comprehensive survey conducted in 2004. The report and comments provide important information about the latest trends surrounding gift annuities, one of the most popular gift planning vehicles. This third national survey con-ducted by the ACGA since 1994 should help charities evaluate …Read More

New rules for CRTs The IRS has imposed new requirements for charitable remainder trusts (CRTs) designed to assure that funds donated to such trusts are actually received by charity at the termination of the trust. Revenue Procedure 2005-24, which applies to CRTs created on or after June 28, 2005, now makes it necessary for the …Read More

Does it matter what time of the year communications on bequests and other planned gifts are sent? Should there be systematic communications, or is “once in a while” enough? These and other questions related to timing are important and deserve close attention. As bequests are often the largest source of planned gift income, it may …Read More