The June 2013 Give & Take reported the results of a Pew Research Center study on household wealth in America. The study found that the top 7 percent of households added 28 percent to their net worth between 2009 and 2011. By contrast, the remaining 93 percent of households actually lost 4 percent of their average net worth in the same time …Read More

Under the provisions of the Internal Revenue Code and Regulations, several types of so-called “split-interest” trusts can provide tax benefits to charitable donors. Two of the most popular are charitable remainder annuity trusts and charitable remainder unitrusts, often referred to as CRATs, CRUTs or collectively as CRTs. These trusts were incorporated into federal tax law as part of the Tax Reform Act of …Read More

In its annual study of wealth in America, the 2013 Capgemini World Wealth Report shares valuable information that should be helpful to those involved in securing large gifts for charitable purposes now or in the future. In 2012, the North American high net worth population (defined as those with $1 million or more in investable …Read More