Planned Giving Insights and Information

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

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.

10 Dirty Little Secrets of Gift Administration

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.

Pooled Income Funds May Make a Comeback in 2015

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.

Don't Forget Your Donors This Holiday Season

Good donor stewardship is important the year round. For our planned giving donors, however, stewardship can be even more important during the holidays. At this time of year, the loss of family members and friends, or the fact that they live far away, is felt more keenly. Likewise, physical changes may keep older donors from enjoying their traditional celebratory activities. All of which means a remembrance from you and your organization will be especially appreciated.