Planned Giving Insights and Information

IRA Charitable Rollover Once Again Vanishes into Thin Air

Posted by Bill Zook

January 20, 2015


If you so much as blinked, you missed it. Only during the last two weeks of 2014 was a charity able to tell eligible donors with certainty that they could make “qualified charitable distributions” from their traditional or Roth IRAs before the end of the year.

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Topics: IRA Charitable Rollover

Dos and Don’ts with 1099-Rs

Posted by Alison O'Carroll

January 20, 2015


It’s tax season, and there are some dos and don’ts you should be aware of as you prepare your donors’ 1099-Rs.

DO mail a 1099-R to your gift annuitants so it is received by them on or before Monday, February 2, 2015 (January 31 is usually the deadline but we get a few more days because it’s a Saturday this year).

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Topics: 1099-R

One More “To Do” Item - Gift Annuity Annual Reporting

Posted by Edie Matulka

January 14, 2015


If your organization is registered to issue gift annuities in New York, be sure that completion of the Annual Statement form (due March 1) is on your “to do” list. Unlike many states, where the filing is based on fiscal year end, the NY deadline is the same for all organizations. If you haven’t already done so, the 2014 form is available for download on the New York state website. One notable change this year: the reserve listing, which includes information on all annuities, must be filed in PDF form by all organizations (and also in Excel form for NY-based charities), but no longer needs to be filed in hard copy.

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Topics: gift annuities, annuity reserves

10 Dirty Little Secrets of Gift Administration

Posted by Jeffrey Frye

December 23, 2014


OK, so they’re not exactly “dirty” little secrets. But who among us hasn’t had a moment administering a particularly complex gift and thought – what have I gotten myself into?

PG Calc has been providing gift administration services since 2001, and we know that the work we do behind the scenes is critical to the ongoing success of our clients’ planned giving programs. We also know that there are plenty of unexpected headaches that can accompany administering a planned gift.

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Topics: gift administration

Pooled Income Funds May Make a Comeback in 2015

Posted by Bill Laskin

December 17, 2014


Next year may be an opportune time to promote gifts to a pooled income fund (PIF)!  That’s right. The planned giving vehicle that most charities have mothballed for the last 20 years may be poised for a comeback.  Why?  Read on.

In 2015, the charitable deduction for a gift to a pooled income fund less than three taxable years old will be the highest it has ever been. That is because the deduction for gifts to a “young” fund is based on an assumed valuation rate provided by the IRS, rather than a rate based on the fund’s own net income earning experience. This valuation rate will be just 1.2% in 2015, the lowest it has ever been, and that means that deductions for gifts to young PIFs in 2015 will be the highest they have ever been.

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Topics: pooled income funds

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Gary Pforzheimer    Jeff Lydenberg    Bill Zook 
Alison O'Carroll    Dyke Tilt    Bill Laskin 
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