By Jon Tidd There’s an old refrain among development officers: “We’d never sue over a gift.” Which suggests not suing is simply a matter of policy. In some states in some situations, however, the law may require a charity to pursue legal recourse. For example, Donor pledges a large amount to Charity for the construction …Read More
By Barlow Mann U.S. Household wealth rose to an all-time record level of $86.8 trillion during the fourth quarter of 2015. The increase was driven by the rising value of corporate stock and real estate, according to the Federal Reserve. In spite of economic volatility since the …Read More
By Barlow Mann The likelihood of another recession is real, but the concerns may be overblown (see this CNN Money article from January 26, 2016). After the Great Recession (4th quarter 2007- spring 2009) a recovery began. It has been relatively weak and propped up by the Fed’s interest rate policy, which changed in December. …Read More
FACTS About 10 years ago, Donor set up a 10-year term charitable remainder annuity trust (CRAT) that was to make payments to Donor’s son. The payout period of the trust has just run its course, and the CRAT is about to distribute its assets to Charity. The trust agreement provides that the assets distributed to …Read More