Planned Giving Insights (5)

Have You Participated in the ACGA’s Survey of Charitable Gift Annuities Yet?

Published by Bill Laskin on May 12, 2021

The American Council on Gift Annuities’ (ACGA) Survey of Charitable Gift Annuities is the best source of data there is on gift annuities and gift annuity programs. Right now, the ACGA is conducting its latest nationwide survey of charitable gift annuity programs and you can help! Please consider participating in this enormously valuable survey.

charitable gift annuity, acga, research

1 minute read

It’s Tax Season, and Timing Is Everything This Year

Published by Jeffrey Frye on April 14, 2021

Everyone knows by now that the IRS has extended the filing deadlines for 2020 federal income tax returns for individual taxpayers; the normal deadline of April 15 has been extended to May 17, giving all of us an extra month. But less widely known is that the federal tax filing deadline for trust tax returns has not been extended.

K-1, charitable remainder unitrusts, charitable remainder annuity trusts, impact of tax changes on charitable giving, charitable giving and taxes, pooled income funds, IRS filing deadlines, charitable trusts

1 minute read

$1.9 Trillion American Rescue Plan Will Affect Giving Only Indirectly

Published by Bill Laskin on March 15, 2021

Last week, President Biden signed the American Rescue Plan (ARP), a $1.9 trillion package of initiatives aimed at facilitating the U.S.’s recovery from the health and economic effects of the COVID-19 pandemic. The ARP provides economic assistance to individuals in a variety of ways, primarily to Americans making less than $75,000/year (or couples making less than $150,000/year). It also extends the Paycheck Protection Program for businesses, creates block grants to help schools reopen and expand childcare, provides aid to state and local government, and much more.

impact of tax changes on charitable giving, charitable giving and taxes, tax incentives on charitable giving, gift planning, coronavirus relief

1 minute read

Reporting the Unrecovered Investment in Contract – an Act of Stewardship

Published by Tina Yelle on March 11, 2021

A donor’s investment in contract in a gift annuity equals the present value of the annuity payments received by the donor over his or her lifetime. A donor’s unrecovered investment in contract equals the total amount of tax-free payments that he or she would have received had he or she lived to reach life expectancy, minus the total amount of tax-free payments the donor actually received while alive. Capital gain income is not considered when computing an annuitant's unrecovered investment in contract.

2 minute read