The Challenge of Success

Posted February 21st, 2022

Philanthropically minded donors have the highest giving capacity and can stress test the adequacy of an institution’s gift acceptance policies. While any institution would be thrilled to have donors of vast resources to achieve a charitable mission, there are complications. Last July, Jeff Bezos committed $200 million for the support of various programs and capital …Read More

Gift Annuity Program: To Start or Not To Start?

Posted February 11th, 2022

What factors must be considered before starting an in-house gift annuity program? Consider these guidelines: State regulations for gift annuities vary drastically, so first, review your state’s requirements. Several states, particularly New York and California, have strict regulations to qualify for a program and have ongoing requirements that involve reserves, reporting and compliance. Be certain …Read More

Remembering Robert F. Sharpe Jr.

Posted February 9th, 2022

In addition to being a long-time colleague, Barlow Mann was a lifelong friend and a classmate of Robert F. Sharpe Jr. He shares a few heartfelt thoughts about Robert’s contribution to his family and community. Every individual is unique and has their own special way of sharing their time, talent and treasure. Some individuals use …Read More

Too Much for Moore Results in Less

Posted January 31st, 2022

Family limited partnerships have been a durable estate planning vehicle, with courts supporting significant discounts for lack of marketability and control. Often the transferors retain a meaningful economic interest in the entities. Many times a charitable lead annuity trust (CLAT) is funded with units of a family limited partnership (FLP). The CLAT pays charity for …Read More

Think Charitably for Family and Charities … Sooner Rather Than Later

Posted January 19th, 2022

KPMG sees 2022 as being bigger than the banner year of 2021 for mergers and acquisitions. The easy access to capital, lower interest rates and a recovering global economy should send deal-makers looking for lucrative targets.1 This current economic environment makes Chief Counsel Advice 202152018 very timely. It addresses whether a pending merger should be …Read More

5 Ways To Help You Start the New Year Strong

Posted January 9th, 2022

Here are a few simple things you don’t want to put off or overlook as you plan fundraising strategies for 2022. Encourage donors to plan gifts early to take advantage of tax benefits. Consider targeting certain donors for the most appropriate gifts for their demographic profile (income, wealth, age, etc.) and gift history. For example: …Read More

Getting Ready for 2022 – The Power of “No” and “One”

Posted December 27th, 2021

The power of “no” As December draws to a close, we know with certainty the Build Back Better (BBB) legislation will not be enacted in 2021. Senator Manchin’s recent “This is a no” comment suggests the likelihood of dramatic changes to the income and transfer tax for 2022 are also remote. While 2021 saw advisors …Read More

Too Clever by Half: Inheritance Agreements Wrapped in an LLC?

Posted December 13th, 2021

Some donors do not wish to burden their co-owners with the obligation of a purchase or the entity with a redemption. Other donors are concerned that a business interest could be sold or gifted into the unfriendly hands of a former spouse or a spendthrift beneficiary. Could a limited liability company (LLC) be structured to …Read More

What You Need To Know About Conduit Trusts

Posted November 26th, 2021

Much has been written about use of a testamentary charitable unitrust as a technique to mimic the deferral aspects permitted under pre-SECURE law. Before concluding whether or not such a statement is true, there needs to be understanding of how noncharitable trusts can be beneficiaries of an IRA account. Taxpayers sometimes create “look-through,” “pass-through” or …Read More

5 Ways To Show You Appreciate Your Donors (Beyond a Thank-You Note)

Posted November 19th, 2021

  A donor’s impact on an organization is not only influential—it comes from a personal connection. Many donors give because they are passionate about the work and mission of your charity. Donors deserve appreciation for their generosity through a meaningful thank-you. Here are five impactful and creative ways to show your donors how much you …Read More