Planned Giving Insights and Information

Even with an Outright Gift of Stock, Cost Basis Can Still Matter

Most gift planners know that when long-term appreciated, publicly-traded stock is contributed for a gift annuity or a charitable remainder trust, the way in which payments to beneficiaries will be taxed depends in part on the stock’s cost basis. By contrast, when such stock is used to make an outright gift, cost basis is generally regarded as having no significance, as none of the gain is taxable to either the donor or the charity.

The IRA Charitable Rollover: What Next?

The IRA charitable rollover came into being with the Pension Protection Act of 2006. It expired at the end of 2007, but was extended in the fall of 2008 retroactively from the first day of 2008 through the end of 2009. It expired again at the end of 2009, then was extended again in December 2010, retroactively from the first day of 2010 through the end of 2011. Now it has expired again. What’s next?