What Are the Most Common Problems in Gift Planning? Part IV

Posted November 13th, 2019

Last time, we looked at credit card gifts and some of the problems with these gifts…including the credit card fee. We left off with an equation for figuring the amount Doris should charge to her credit card so that after the 2.5% credit card fee, the charity winds up with $10,000: X – .025X = …Read More

What Are the Most Common Problems in Gift Planning? Part III

Posted November 1st, 2019

Last time, we looked at credit card gifts…and some of the problems with these gifts. There’s one more problem, a common problem, with credit card gifts, which arises when the donor wants to establish a gift annuity with a credit card. Let’s take the case of Doris, aged 79, who wants to set up a …Read More

What Are the Most Common Problems in Gift Planning? Part II

Posted October 18th, 2019

Last time, we looked at some problems related to the donor. Now we look at problems related to the asset the donor wants to use to make the gift. The discussion here could fill a two-volume gift planning reference service. The assets range from credit card gifts, to gifts of partnership interests, to gifts of …Read More

What Are the Most Common Problems in Gift Planning?

Posted October 1st, 2019

The problems often fall into two categories: problems related to the donor, and problems related to the asset(s) the donor wants to use to make the gift. Problems Related to the Donor The first potential problem here is identifying who is the donor. The donor is the party holding legal title to the asset proposed …Read More

Why Do Individuals Make Charitable Gifts?

Posted September 20th, 2019

One can’t raise money for a charity without having an insight into this question and its answers. In my experience, the reasons individuals make charitable gifts include: a strong desire to give back for some service the charity has provided to the donor or to a close family member or friend (a service such as …Read More

What is an “Estate Note”?

Posted August 29th, 2019

I don’t know. I’m a lawyer, and try as I may, I cannot, in any law library, find a definition of “estate note”. It’s a made-up, meaningless term. There are, however, two instruments wrongfully called “estate notes”: an enforceable pledge, and a contract to make a will. The garden variety enforceable pledge is a naming …Read More

Three Key Gift Acceptance Policy Provisions: Part III

Posted August 22nd, 2019

We left off last time with the fact that the qualified appraisal (Q.A.) rules were revised substantially as of January 1, 2019. Yes, the Q.A. rules are the donor’s problem. But they become the donee’s problem if the donee receives a copy of the donor’s appraisal and doesn’t send the donor a letter stating that …Read More

Three Key Gift Acceptance Policy Provisions: Part II

Posted August 5th, 2019

Last time, we looked at pledges. A gift acceptance policy should require that all pledge agreements be vetted by the development office before being executed. A gift acceptance policy also should state: that the donor must state up-front, in writing, the source or sources of assets that will be used to pay the pledge; and …Read More

Three Key Gift Acceptance Policy Provisions

Posted July 18th, 2019

The purpose of a gift acceptance policy is to keep a charity, especially its president and its development officers, out of trouble in dealing with donors. Three problem areas that are major problem areas for charities but which are seldom addressed in gift acceptance polices are [1] appraisals, [2] gift receipts, and [3] pledges. Let’s …Read More

What is an IRA? Part IV

Posted July 2nd, 2019

How do charities named as IRA beneficiaries deal with the problem of getting their beneficiary distributions from the IRA custodians? Charities deal with this problem in different ways. Some deep-pocket charities devote personnel to filling out the paperwork and are willing (meaning individuals who are employed by the charity are willing) to provide SSNs, home …Read More