Planned Giving Insights and Information

Implications of the Consolidated Appropriations Act, 2021

Yesterday, President Trump signed into law the Consolidated Appropriations Act, 2021, which will provide $900 billion in coronavirus relief and $1.4 trillion to continue to fund the government. The legislation covers a lot of territory and clocks in at over 5,500 pages. Because of the delay in passage and further delay in signing, there is little time before 2020 ends for donors to ask what will be extended and what will be changed for 2021. Below is our reporting of a few key provisions in this law that will impact fundraisers and donors.

Preparing for Tax Season

Ready or not, it’s year-end again, which leads us right into tax season – that “most wonderful time of the year!” Here is our quick review of the tax reporting process for life income gifts.

2020 is Almost Over (Phew!) and the CARES Act is Expiring

The CARES Act and 2020 Charitable Tax Benefits Legislation known as the CARES Act introduced significant incentives to stimulate charitable giving in response to the Covid-19 pandemic. Some of those important tax incentives expire on December 31, 2020. Your donors will need to act quickly to take advantage of these tax-smart ways of giving before they are gone. Listed below are the most significant provisions applicable to charitable giving included in the CARES Act.

Why It’s Time for PGM Desktop to Retire

By now you know about the upcoming retirement of Planned Giving Manager (PGM desktop) and the migration route to PGM Anywhere. This process has been nine years in the making, as we originally targeted PGM Anywhere to run basic calculations on tablets and have been expanding its functionality from year to year to eventually take the place of PGM desktop.