1. The document analyzes new data from a large longitudinal study that matched individuals' lifetime survey responses about charitable planning with their actual estate distributions after death.
2. It finds that most charitable bequests are added close to death, and charitable plans often change as death approaches or with life changes like health declines or family changes.
3. The data has important implications for charitable gift planners, suggesting they maintain contact with older donors and not assume charitable plans are permanent.
A guide to understanding charitable giving and charitable bequest giving using neuroimaging with practical examples of applications to planned gift marketing
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
This document summarizes research on charitable estate planning using new longitudinal data tracking the same people from mid-life to after death. Key findings include: 1) having no offspring, higher lifetime charitable giving and donations, and reporting a funded trust best predict making a charitable bequest; 2) average annual giving, ending wealth, having no offspring, and reporting a funded trust best predict the actual dollar amount left to charities. The research provides new insights into reaching people most likely to leave charitable gifts.
The Statistics & Psychology of Baby Boomer Lifetime & Legacy GivingRussell James
In this irreverent and entertaining slide deck, Dr. James reviews nationally representative data on Baby Boomers and their lifetime and legacy donations. Beyond simple statistics, this session demonstrates how these demographic realities should change how and when you communicate fundraising information to Boomers. If you want a slide deck based on hard data that goes beyond "just so" stories with obligatory pictures of Woodstock, Vietnam, and Neil Armstrong - then this is the place for you!
A quick summary of the book, Inside the Mind of the Bequest Donor, reviewing results from neuroimaging and experimental psychology and how they impact planned gift marketing
Talking Planned Giving: Words that Work Russell James
The document discusses effective messaging and language for encouraging planned and major charitable gifts. It presents research on how charitable giving activates brain regions associated with social bonding and family relationships. Using language that emphasizes philanthropic giving as a social act and builds family-like relationships, rather than market-focused language, is more effective at encouraging donations. Formal legal terms and descriptions lower interest from potential donors compared to simpler explanations. The document explores how to describe various planned giving vehicles, like charitable gift annuities, in a way that increases interest and understanding from donors.
Why cash is not king in fundraising: Results from 1 million nonprofit tax ret...Russell James
This research tracks the fundraising growth of hundreds of thousands of nonprofit organizations from 2010 through 2016 to identify what predicts current and long-term fundraising growth. A key predictor is whether the nonprofit effectively pursues gifts of assets (e.g., stocks, bonds, real estate) rather than gifts of cash. This presentation reviews these comprehensive results, investigates the psychological and practical aspects of why gifts of assets are so critical for high-growth fundraising, and discusses strategies for effectively pursuing these important gifts.
A guide to understanding charitable giving and charitable bequest giving using neuroimaging with practical examples of applications to planned gift marketing
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
This document summarizes research on charitable estate planning using new longitudinal data tracking the same people from mid-life to after death. Key findings include: 1) having no offspring, higher lifetime charitable giving and donations, and reporting a funded trust best predict making a charitable bequest; 2) average annual giving, ending wealth, having no offspring, and reporting a funded trust best predict the actual dollar amount left to charities. The research provides new insights into reaching people most likely to leave charitable gifts.
The Statistics & Psychology of Baby Boomer Lifetime & Legacy GivingRussell James
In this irreverent and entertaining slide deck, Dr. James reviews nationally representative data on Baby Boomers and their lifetime and legacy donations. Beyond simple statistics, this session demonstrates how these demographic realities should change how and when you communicate fundraising information to Boomers. If you want a slide deck based on hard data that goes beyond "just so" stories with obligatory pictures of Woodstock, Vietnam, and Neil Armstrong - then this is the place for you!
A quick summary of the book, Inside the Mind of the Bequest Donor, reviewing results from neuroimaging and experimental psychology and how they impact planned gift marketing
Talking Planned Giving: Words that Work Russell James
The document discusses effective messaging and language for encouraging planned and major charitable gifts. It presents research on how charitable giving activates brain regions associated with social bonding and family relationships. Using language that emphasizes philanthropic giving as a social act and builds family-like relationships, rather than market-focused language, is more effective at encouraging donations. Formal legal terms and descriptions lower interest from potential donors compared to simpler explanations. The document explores how to describe various planned giving vehicles, like charitable gift annuities, in a way that increases interest and understanding from donors.
Why cash is not king in fundraising: Results from 1 million nonprofit tax ret...Russell James
This research tracks the fundraising growth of hundreds of thousands of nonprofit organizations from 2010 through 2016 to identify what predicts current and long-term fundraising growth. A key predictor is whether the nonprofit effectively pursues gifts of assets (e.g., stocks, bonds, real estate) rather than gifts of cash. This presentation reviews these comprehensive results, investigates the psychological and practical aspects of why gifts of assets are so critical for high-growth fundraising, and discusses strategies for effectively pursuing these important gifts.
Church seminar in planned giving & charitable estate planningRussell James
Estate planning through charitable giving allows Christians to be good stewards of their resources and care for others, while avoiding taxes and expenses. Without a will or estate plan, the government decides how assets are distributed through probate. Estate planning allows people to leave instructions and choose where their assets go. Options include wills, trusts, charitable remainder trusts, gift annuities, and qualified charitable distributions from IRAs after age 70. The best approach is choosing an estate plan rather than relying on the default "government plan."
This document summarizes research on charitable bequest demographics and estate planning in the United States. Some key findings include:
- About 5.7% of the U.S. population over 50 have made charitable plans in their will or trust, while only 9.4% of donors giving over $500 annually have charitable estate plans.
- Having no children is the single most significant factor associated with having a charitable estate plan among donors over 50. Donors with no offspring are 50% more likely to have a charitable estate plan than those with children or grandchildren.
- Only about 40-50% of those who reported a charitable plan during life produced a charitable gift after death, depending on whether they had a surviving
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
The secret to understanding planned givingRussell James
Planned giving can lower taxes and provide income to donors by allowing them to trade gifts for tax benefits and lifetime payments. However, planned giving options often seem complex, involving charitable gift annuities, charitable remainder trusts, and pooled income funds. In reality, planned giving only does two things: lower taxes and trade gifts for income. The document provides an overview of various planned giving vehicles and how they accomplish these two objectives. It aims to simplify an area that nonprofits, donors and financial advisors should understand and use to benefit charities and clients.
Top 10 legacy fundraising strategies from scientific research: National data ...Russell James
After fifteen years in academic research (plus more than a decade in frontline planned and major gifts fundraising), Professor James brings together scientific results from economics, neuroscience, psychology, demographics, and other disciplines to present the ten most important and effective strategies for increasing fundraising success in planned gifts. Beyond just “war stories,” this presentation gives you a deep understanding of what works – and why – in effective legacy fundraising.
10 Strategies for Post COVID-19 fundraising in complex and major giftsRussell James
The document outlines 10 strategies for nonprofit fundraising in the post-COVID-19 environment for complex and major gifts. It recommends beginning with showing concern for donors' well-being. It suggests focusing initial fundraising efforts on donors with donor-advised funds, as they are more likely to donate assets already set aside for charity. Special one-time requests may work well but should identify a crisis for beneficiaries rather than the organization. Planned gifts can help address donor uncertainty. Charitable gift annuities and retained life estates in homes or farmland provide tax benefits and lifetime income. Charitable lead and income tax planning trusts allow donors tax deductions. "Charitable swaps" of appreciated assets for cash donations provide tax benefits even in
This document summarizes a presentation on new research findings related to legacy giving and charitable estate planning. Some key findings from the research presented include:
- Most donors over age 50 who give at least $500 per year to charity do not have a charitable estate plan in place, despite their lifetime giving.
- Factors like having a graduate degree, volunteering regularly, and making regular charitable gifts increase the likelihood someone will have a charitable estate plan.
- People are more likely to drop charitable plans from their estate after becoming a grandparent or parent. Estates of those who do make charitable plans tend to grow faster than average.
- Future demographics, with rising educational levels and childlessness, are generally positive
Top 10 charitable planning strategies for financial advisorsRussell James
1. Donating appreciated assets like stock instead of cash to charity allows donors to avoid capital gains taxes while still receiving a charitable deduction for the full fair market value.
2. Taking required minimum distributions from retirement accounts after age 70 1/2 and donating them to charity provides tax benefits as the distributions are not considered taxable income.
3. Creating charitable remainder trusts allows donors to receive an immediate income tax deduction today based on the future value of the charitable gift, even though the charity does not receive the assets until later.
Why financial planners should study charitable planningRussell James
Financial planners can provide significant value to clients by learning about charitable planning. Through sophisticated charitable strategies like a charitable remainder trust combined with an irrevocable life insurance trust, a couple can sell their $10 million business tax-free, receive an income tax deduction, increase their lifetime income, and leave their entire estate to their children tax-free. Charitable planning is a growing field that allows financial planners to help clients pass on both financial value and personal values to future generations and charitable causes.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Private foundations and donor advised fundsRussell James
1. Private foundations and donor advised funds hold money and distribute grants to charities. Private foundations are the dominant charitable planning vehicles, holding 81% of assets compared to 3% for donor advised funds.
2. Private foundations are typically funded by an individual, family, or corporation. They make grants to charities rather than directly conducting charitable activities. Private foundations are subject to a 2% tax on net investment income and strict rules around insider benefits and payouts.
3. Donor advised funds are accounts housed within public charities. They offer donors similar tax benefits to private foundations with less complexity and cost. However, donors do not have legal control over grants from donor advised funds.
The document appears to be a slide presentation about charitable gift annuities. It includes information such as example annuity rates based on donor age, how annuities provide lifetime income in exchange for an initial gift, and ways that annuities can benefit both donors and charities. It also discusses risks associated with annuities and ways charities can help mitigate those risks, such as through reinsurance. The presentation aims to educate people on the basics of charitable gift annuities.
The secret to understanding planned givingRussell James
Planned giving can lower taxes and allow donors to trade assets for lifetime income. For fundraisers, planned giving accesses donors' non-cash assets and addresses concerns like living on a fixed income. For financial advisors, it provides significant benefits to clients and allows multi-generational management of growing, tax-free assets. Though complex, planned giving ultimately does just two things: lower taxes and trade gifts for income.
This document discusses U.S. tax policy and charitable giving. It provides statistics on total charitable giving amounts and compares U.S. giving to other countries. It examines who benefits from tax incentives for charitable donations and questions whether the incentives primarily benefit wealthier donors and organizations like universities over those serving low-income communities. The document reviews estimates on how sensitive giving is to tax changes and who ultimately decides how donated funds are allocated. It concludes that while tax incentives encourage civil participation, more progressive tax policies may be needed to adequately address social welfare issues.
Population2016.com is a site to give most accurate population of USA states and its city. We are a couple of tech enthusiast working behind the site. Visit http://population2016.com/ for more details.
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt. 1/2)West Muse
This document discusses planned giving opportunities for museums through bequests and other planned gifts as part of an upcoming transfer of wealth. It provides an overview of giving trends in the US, the amounts of wealth expected to be transferred between generations in the coming decades, and how different generations approach philanthropic giving. The document then discusses strategies for launching a planned giving program, overcoming challenges, identifying prospective donors, gift types and their tax benefits, and opportunities involving bequests, life insurance, retirement plans, and charitable gift annuities. Experts provide insights on these various planned giving tools and how nonprofits can utilize them.
Church seminar in planned giving & charitable estate planningRussell James
Estate planning through charitable giving allows Christians to be good stewards of their resources and care for others, while avoiding taxes and expenses. Without a will or estate plan, the government decides how assets are distributed through probate. Estate planning allows people to leave instructions and choose where their assets go. Options include wills, trusts, charitable remainder trusts, gift annuities, and qualified charitable distributions from IRAs after age 70. The best approach is choosing an estate plan rather than relying on the default "government plan."
This document summarizes research on charitable bequest demographics and estate planning in the United States. Some key findings include:
- About 5.7% of the U.S. population over 50 have made charitable plans in their will or trust, while only 9.4% of donors giving over $500 annually have charitable estate plans.
- Having no children is the single most significant factor associated with having a charitable estate plan among donors over 50. Donors with no offspring are 50% more likely to have a charitable estate plan than those with children or grandchildren.
- Only about 40-50% of those who reported a charitable plan during life produced a charitable gift after death, depending on whether they had a surviving
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
The secret to understanding planned givingRussell James
Planned giving can lower taxes and provide income to donors by allowing them to trade gifts for tax benefits and lifetime payments. However, planned giving options often seem complex, involving charitable gift annuities, charitable remainder trusts, and pooled income funds. In reality, planned giving only does two things: lower taxes and trade gifts for income. The document provides an overview of various planned giving vehicles and how they accomplish these two objectives. It aims to simplify an area that nonprofits, donors and financial advisors should understand and use to benefit charities and clients.
Top 10 legacy fundraising strategies from scientific research: National data ...Russell James
After fifteen years in academic research (plus more than a decade in frontline planned and major gifts fundraising), Professor James brings together scientific results from economics, neuroscience, psychology, demographics, and other disciplines to present the ten most important and effective strategies for increasing fundraising success in planned gifts. Beyond just “war stories,” this presentation gives you a deep understanding of what works – and why – in effective legacy fundraising.
10 Strategies for Post COVID-19 fundraising in complex and major giftsRussell James
The document outlines 10 strategies for nonprofit fundraising in the post-COVID-19 environment for complex and major gifts. It recommends beginning with showing concern for donors' well-being. It suggests focusing initial fundraising efforts on donors with donor-advised funds, as they are more likely to donate assets already set aside for charity. Special one-time requests may work well but should identify a crisis for beneficiaries rather than the organization. Planned gifts can help address donor uncertainty. Charitable gift annuities and retained life estates in homes or farmland provide tax benefits and lifetime income. Charitable lead and income tax planning trusts allow donors tax deductions. "Charitable swaps" of appreciated assets for cash donations provide tax benefits even in
This document summarizes a presentation on new research findings related to legacy giving and charitable estate planning. Some key findings from the research presented include:
- Most donors over age 50 who give at least $500 per year to charity do not have a charitable estate plan in place, despite their lifetime giving.
- Factors like having a graduate degree, volunteering regularly, and making regular charitable gifts increase the likelihood someone will have a charitable estate plan.
- People are more likely to drop charitable plans from their estate after becoming a grandparent or parent. Estates of those who do make charitable plans tend to grow faster than average.
- Future demographics, with rising educational levels and childlessness, are generally positive
Top 10 charitable planning strategies for financial advisorsRussell James
1. Donating appreciated assets like stock instead of cash to charity allows donors to avoid capital gains taxes while still receiving a charitable deduction for the full fair market value.
2. Taking required minimum distributions from retirement accounts after age 70 1/2 and donating them to charity provides tax benefits as the distributions are not considered taxable income.
3. Creating charitable remainder trusts allows donors to receive an immediate income tax deduction today based on the future value of the charitable gift, even though the charity does not receive the assets until later.
Why financial planners should study charitable planningRussell James
Financial planners can provide significant value to clients by learning about charitable planning. Through sophisticated charitable strategies like a charitable remainder trust combined with an irrevocable life insurance trust, a couple can sell their $10 million business tax-free, receive an income tax deduction, increase their lifetime income, and leave their entire estate to their children tax-free. Charitable planning is a growing field that allows financial planners to help clients pass on both financial value and personal values to future generations and charitable causes.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Private foundations and donor advised fundsRussell James
1. Private foundations and donor advised funds hold money and distribute grants to charities. Private foundations are the dominant charitable planning vehicles, holding 81% of assets compared to 3% for donor advised funds.
2. Private foundations are typically funded by an individual, family, or corporation. They make grants to charities rather than directly conducting charitable activities. Private foundations are subject to a 2% tax on net investment income and strict rules around insider benefits and payouts.
3. Donor advised funds are accounts housed within public charities. They offer donors similar tax benefits to private foundations with less complexity and cost. However, donors do not have legal control over grants from donor advised funds.
The document appears to be a slide presentation about charitable gift annuities. It includes information such as example annuity rates based on donor age, how annuities provide lifetime income in exchange for an initial gift, and ways that annuities can benefit both donors and charities. It also discusses risks associated with annuities and ways charities can help mitigate those risks, such as through reinsurance. The presentation aims to educate people on the basics of charitable gift annuities.
The secret to understanding planned givingRussell James
Planned giving can lower taxes and allow donors to trade assets for lifetime income. For fundraisers, planned giving accesses donors' non-cash assets and addresses concerns like living on a fixed income. For financial advisors, it provides significant benefits to clients and allows multi-generational management of growing, tax-free assets. Though complex, planned giving ultimately does just two things: lower taxes and trade gifts for income.
This document discusses U.S. tax policy and charitable giving. It provides statistics on total charitable giving amounts and compares U.S. giving to other countries. It examines who benefits from tax incentives for charitable donations and questions whether the incentives primarily benefit wealthier donors and organizations like universities over those serving low-income communities. The document reviews estimates on how sensitive giving is to tax changes and who ultimately decides how donated funds are allocated. It concludes that while tax incentives encourage civil participation, more progressive tax policies may be needed to adequately address social welfare issues.
Population2016.com is a site to give most accurate population of USA states and its city. We are a couple of tech enthusiast working behind the site. Visit http://population2016.com/ for more details.
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt. 1/2)West Muse
This document discusses planned giving opportunities for museums through bequests and other planned gifts as part of an upcoming transfer of wealth. It provides an overview of giving trends in the US, the amounts of wealth expected to be transferred between generations in the coming decades, and how different generations approach philanthropic giving. The document then discusses strategies for launching a planned giving program, overcoming challenges, identifying prospective donors, gift types and their tax benefits, and opportunities involving bequests, life insurance, retirement plans, and charitable gift annuities. Experts provide insights on these various planned giving tools and how nonprofits can utilize them.
Here’s a copy of the project we did for the OPRF Infant Welfare Society. Through our research, we discovered what motivates the community to donate, join, participate and engage with non-profit organizations, specifically seeking to understand why people give both locally and outside their community.
Gabriel Danovitch - USA - Monday 28 - Alternatives to increase the number of...incucai_isodp
The document discusses the history and categories of living kidney donation over time, from identical twins in 1954 to non-directed altruistic donors in recent decades. It also summarizes data on living donation rates from various countries and transplant centers. While financial incentives cannot be totally ruled out, available data suggests that altruism remains the main motivation for unrelated living donation in the US. Guidelines emphasize careful evaluation and informed consent for these donors.
CAPE SOCIOLOGY Age and sex structure[1]capesociology
This document discusses key concepts related to age and sex structure of populations including:
- Age and sex cohorts that are used to analyze population structures such as 0-4, 5-9, etc. and how groups like children, youth, and elderly are defined.
- Metrics like sex ratio, dependency ratio, and median age that provide insights into the distribution of populations.
- Factors that influence sex ratios and how they typically change with age. Son preference is also discussed.
- Dependency ratios measure the economic burden on the working population from youth and elderly dependents.
The document summarizes the results of a survey on same-sex marriage in Australia conducted between June 12-22, 2014. It finds that 96% of respondents were aware same-sex marriage is not currently legal and 72% support legalizing it, the highest level of support recorded. Support is strong across most demographic and lifestyle groups. While a majority see it as an important issue, it is less important to most who oppose it. Critically, more people support allowing MPs a conscience vote on the issue than support legalizing same-sex marriage itself.
2014 銀浪新創力國際週 國際論壇
「自助互助式會員網絡,在地安老沒煩惱」--創新服務模式開發:美國Beacon Hill Village執行董事Laura Connors
The keynote presentation delivered by Ms. Laura Connors, Executive Director of Beacon Hill Village at the International Forum, Aging Innovation Week on Nov. 17, 2014. Taipei, Taiwan
1) The document discusses six major issues related to population growth and quality of life in developing countries, including whether rapid population growth will allow countries to improve living standards and expand education and healthcare.
2) It explains concepts like demographic transition, population growth rates, and drivers of population change over time. The global population has grown from 1 billion in the 1800s to over 7 billion currently.
3) Population growth is influenced by factors like birth rates, death rates, age structure, fertility rates, and income levels. Countries generally move from high birth/death rates to low birth/death rates as they develop.
Creating Aging Friendly Communities in Wisconsin: How Prepared is Your Commun...sondramilkie
This document discusses how prepared communities are for an aging population. It finds that only 46% of U.S. communities have begun planning efforts. It then provides population data showing that the U.S. and Wisconsin populations are aging as the number and percentage of those over 65 increases significantly. This will impact families, housing, transportation and other areas. The document suggests that communities need to plan now to ensure they are aging-friendly by being inclusive, sustainable, healthy, accessible, engaged and interdependent for all ages.
This document discusses global and European demographic trends since World War 2 using tables and graphs. It shows that the world population has grown from 2.7 billion in 1955 to over 7.6 billion in 2018, with Europe's share declining from 22.8% to 9.73% over this period. Fertility rates have fallen globally but remain above replacement level in parts of Africa and Asia, contributing to continued overall population growth despite an aging population and urbanization.
Poverty, Concentrated Poverty, and the Lived Experience in DallasTimothy Bray
This document summarizes a presentation on poverty in Dallas, Texas. It defines poverty and outlines federal poverty thresholds. It then examines poverty rates in Dallas, finding that from 2000-2014 the number of people in poverty grew 49% while the population only grew 8%. Certain groups were disproportionately impacted, with the number of children and Hispanics in poverty growing by over 50%. The presentation discusses the consequences of poverty and concentrated poverty, such as limited access to services and negative impacts on brain development. It calls for actions to address poverty through providing security, life opportunities, and other assistance.
This document summarizes upcoming webinars on transplant opportunities and increasing donor designation. It discusses a pilot program called Donate Life Voices that empowers transplant recipients and patients waiting for transplants to educate others about donation. A survey found that over 90% of those in the program said they impacted someone's decision to be a donor and over 75% of non-donors signed up to be donors after receiving an information kit. The document promotes using the materials in the kits to continue spreading awareness.
Gusto!: Put More Years in Your Life & Life in Your YearsAdriane Berg
The document discusses aging trends in the United States and factors that influence longevity. It notes that the oldest old, those over 100 years of age, are the fastest growing segment of the population. Life expectancy has nearly doubled over the past century from 47 years in 1900 to over 80 years today. Non-genetic factors like environment, attitude and lifestyle account for over two-thirds of longevity. Having a positive outlook on aging can add on average 7 extra years to one's life. The document provides tips for living a long and fulfilling life, focusing on health, purpose, relationships, and maintaining a youthful attitude. Emerging technologies also offer promise to support aging in place and active living well into later years.
The document discusses the aging of populations globally and in the United States and Wisconsin. It notes that by 2030, over 20% of Wisconsin's population will be aged 65 or older. The aging population will impact communities in areas like families, housing, transportation, and health services. Creating aging-friendly communities requires planning and addressing the needs of older residents by ensuring communities are inclusive, accessible, and engaged for people of all ages.
FPA Masterclass in Estate Planning August 2016Gil Gordon
This document summarizes the estate planning needs of Steve and Naomi based on their family situation. It notes that Steve and Naomi, along with Roger and Aunt Myra, are dependent on Naomi financially. Their assets include super, shares, cash and a life tenancy in a home. The document recommends estate planning solutions to address tax implications, protect assets from divorce or bankruptcy risks, and provide for dependents like Roger, Aunt Myra and Rachel. It identifies issues around guardianship, unequal marriage contributions, and differing will provisions between Steve and Naomi.
Similar to The demographics of charitable estate planning (20)
This document discusses predicting nonprofit crisis and death by analyzing financial information, particularly IRS Form 990. It provides tools for evaluating nonprofit stability similar to tools for evaluating for-profits, including income/expense trends, net income trends, and asset/debt trends. Restricted funds like permanently restricted and temporarily restricted funds must also be understood. Negative net income in the previous year is identified as the best single predictor of future nonprofit disruption risk. The document analyzes financial trends for a small college that closed in 2008 to identify early warning signs in its financials from 2003-2005.
An overview of private foundations (non-operating) for the financial advisor, planned giving officer, or philanthropist interested in learning about the legal and tax structure.
This document discusses charitable giving opportunities and trends for 2011 and beyond. It highlights special tax opportunities for 2011 including qualified charitable distributions from IRAs and Roth IRA conversions. It also discusses gifting remainder interests in homes and farmland which provide immediate tax deductions. Trends showing increases in charitable planning among childless and educated individuals aged 55-65 are presented, as are demographic trends pointing to growth in these populations. A new online graduate certificate in charitable financial planning from Texas Tech University is announced.
Using Life Insurance in Charitable PlanningRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
Gifts of Remainder Interests in Homes and FarmsRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
Elements and Timing of Charitable DeductionsRussell James
This document discusses the timing and elements of a charitable gift under U.S. tax law. It addresses when a gift is considered complete for tax purposes, such as when money or property is delivered to a charity or its agent. It also discusses situations where retained interests by the donor, like an option to repurchase property, mean the gift is not complete until those interests are transferred. The timing of when a gift is complete determines what tax year deductions can be claimed.
This document summarizes key considerations for donating retirement assets to charity. It discusses the different life stages of retirement accounts and tax implications of donations from each stage. Donating before age 59.5 can create taxable income and penalties, while donations from 59.5-70.5 are taxable but penalty-free. Qualified charitable distributions after 70.5 avoid taxes. The document also compares tax outcomes of leaving retirement assets to heirs versus charities. Naming charities as beneficiaries can avoid estate taxes and provide tax deductions.
The document discusses the documentation requirements for charitable contributions under U.S. tax law. It outlines the different documentation needed based on the amount and type of contribution, including donor records, charity receipts, appraisals and IRS forms. For cash contributions under $250, the donor needs only their own records. For contributions over $500 of property, including non-publicly traded stock and vehicles, the donor needs additional documentation like a qualified appraisal. Failure to follow the documentation rules can result in reduced or disallowed deductions.
The document describes various types of charitable remainder trusts (CRTs). A CRT allows a donor to transfer assets to charity while receiving payments, either for life or a set term of years. The donor receives an income tax deduction upfront based on the value of the future gift to charity. When the donor passes away or the term ends, the remaining assets go to the designated charity. The document discusses the tax benefits of CRTs and how distributions are taxed to recipients. It also outlines some variations of CRTs, such as net income CRUTs that make payments based on trust income or "flip" CRUTs that convert to a standard payout rate after a trigger event.
A Charitable Lead Trust (CLT) makes payments to charity for a set period of time, after which any remaining assets pass to non-charitable beneficiaries designated by the donor. Donors use CLTs to reduce gift and estate taxes by taking advantage of the difference between the present value of projected charitable payments and the actual growth of the trust's assets over time. CLTs allow donors to transfer wealth to heirs in a tax-efficient manner while also providing benefits to charity.
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
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3. The entire “lifetime” movie
(tracking same people from mid-life to post-mortem)
New data
Previous data
Old
data
Small one-time
snapshots in life
Post-mortem for
largest estates
4. The entire “lifetime” movie
• Matches sequence of lifetime responses with post-
mortem distributions for over 10,000 decedents
• Identifies timing of plan changes
• Large, federally-funded, longitudinal, in-person,
well-compensated, nationally representative, study
on health and retirement issues
25. 5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ charitable estate
recipient among those with will/trust by
family status
Grandchildren
Children only
No Offspring (unmarried)
No Offspring (married)
27. 0%
2%
4%
6%
8%
10%
12%
14%
16%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ inclusion of
charitable recipient by education level
Grad School
College Grad
Some College
HS Grad
<HS Grad
29. 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ charitable
recipient among those with will/trust by
giving/volunteering
Donor & Volunteer
Donor only
Volunteer only
Neither
32. Reported wills are often unused
16%
38%
10%
19%
11%
6%
Distributed estates where decedent reported having a
written and witnessed will (n=6,063)
No will found
Will probated
Unprobated will: nothing
much of value
Unprobated will: estate
otherwise distributed
Unprobated will: trust
distributed
Unprobated will: other
33. Funded trusts more likely to work
75%
5%
10%
4% 2%
4%
Distributed estates where decedent reported having a
funded trust (n=913)
Funded trust exists
No documents
Will probated
Unprobated will:
Otherwise divided
Will - Nothing much of
value
Will - Unknown
34. Documents
• The will is only a back-up
document
• Ask about titling and
beneficiary designations
(especially qualified
plans!)
• Most wills are never used
– let me explain why
• Encourage trust planning
• Consider alternate will
language “a dollar
amount equal to __
percent of my adjusted
federal gross estate…”
37. 1. % years giving
2. No offspring
3. Highest giving
4. % years
reporting
funded trust
5. Female
6. Last reported
wealth
7. Not married
8. Last reported
giving
9. Growing wealth
10. % years
volunteering
38. 20%
30%
40%
50%
60%
70%
8-10 years
premortem
6-8 years
pre-mortem
4-6 years
pre-mortem
2-4 years
pre-mortem
0-2 years
pre-mortem
Timing of Lifetime Surveys
Lifetime giving and
volunteering by estate
donors
Giving ($500+)
Volunteering
Bequest
givers
may not
be your
donors,
but many
used to
be
41. 1. Approaching
death (final pre-
death survey)
2. Becoming a
widow/widower
3. Diagnosed with
cancer
4. Decline in self-
reported health
5. Divorce
6. Diagnosed with
heart problems
7. Diagnosed with
a stroke
8. First grandchild
9. Increasing
assets
10. Increasing
charitable giving
43. 1. Decline in self-
reported health
2. Approaching
death (final pre-
death survey)
3. Becoming a
widow/widower
4. Divorce
5. Diagnosed with
cancer
6. Diagnosed with
heart problems
7. Diagnosed with
a stroke
8. First grandchild
9. First child
10. Exiting
homeownership
44. 1. Death feels near
• Final pre-death survey
• Decline in self-reported health
• Diagnosis with cancer
• Diagnosis with heart disease
• Diagnosis with stroke
• Becoming a widow or widower
2. Family structure changes
• Divorce
• First child
• First grandchild
• Becoming a widow or widower
Plans destabilize when
45. Most realized charitable plans (shown
in red) added within 5 years of death
Total Number Total $
46. Although most charitable plans were
added within 5 years of death, ONE longer-
term plan was worth FOUR made in the
last two years.
47. A 5% national sample of 2012 probate records
in Australia showed an estimated
• 31% of charitable wills were signed
within 2 years of death
• 60% were signed within 5 years of
death
Baker, Christopher (October, 2013) Encouraging Charitable Bequests by Australians . Asia-Pacific Centre for Social
Investment & Philanthropy - Swinburne University
48. Plans destabilize as death approaches
lifetime reports
made as death
approaches
post-mortem
transfers v. lifetime
reports
timing of the last
changes made to
the final will
49. Most still report charitable plans 10
years later
0%
10%
20%
30%
40%
50%
60%
70%
1993/4 to 2004 1995/6 to 2006 1998 to 2008 2000 to 2010
10-Year retention of charitable estate plans
age 70+
age 50-69
52. The NCPG (2000) study showed
that 90% of planned bequest
donors don't change their plans
Fiction
Among those (avg. age of
58) WITH a charitable plan,
10% chose “Amount
Decreased” when asked
about their overall plan,
“Has the amount of the
charitable bequest ever
increased or decreased?”
Fact
It showed that IF charity stayed in,
plan changes decreased total
charitable amount 10% of the time
55. A bequest
commitment is the
beginning, not the
end
Higher value
in converting
to irrevocable
commitments:
gift annuities,
charitable
remainder trusts,
remainder interests
is homes and farms.
58. Half of all charitable bequest dollars came
from decedents this age and older…
Current U.S. study:
Age 88
New Australian study
(5% sample of national
probate files):
Age 90
Remember that most realized charitable
bequests are added within 5 years of death
59. Age at Will Signing
(by share of total charitable bequest $ transferred)
76%
11%
13% 80s+
70s
pre-70
Australian data from: Baker, Christopher (October, 2013) Encouraging Charitable Bequests by Australians . Asia-
Pacific Centre for Social Investment & Philanthropy - Swinburne University
60. For those 75+ with
lifetime connections,
stay “top of the mind”
(service, service
communication, mission
communication,
honoring/thank you, living
bequest donor stories)
61. Many of our customers
like to leave money to
charity in their will. Are
there any causes you’re
passionate about?
Would you like to
leave any money to
charity in your will?
No reference to
charity
Charitable bequest decisions are often
unstable and easily influenced
Charitable
plans among
1,000 testators
Charitable
plans among
1,000 testators
Charitable
plans among
1,000 testators
62. • Plans change every time a donor opens a
new account with a TOD/POD or changes a
joint account owner
• Plans become unstable as death approaches
• Stay connected! Stay communicating!
The score doesn’t count until
the clock runs out
63. A realistic boom is
starting soon (5 years)
But,
trusts do
Wealthy, consistent
donors with a trust
(especially childless
and unmarried)
Approaching
mortality
& family changes
65. Russell James, J.D., Ph.D., CFP®
Professor
Texas Tech University
www.EncourageGenerosity.com
www.EncourageGenerosity.com/ACBD.pdf
Encouraging generosity:
The demographics of charitable
estate planning
68. 0%
2%
4%
6%
8%
10%
12%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ inclusion of
charitable recipient among those with will
or trust by race/ethnicity
White (NH)
Black (NH)
Hispanic
73. 5%
6%
7%
8%
9%
10%
11%
12%
13%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ use of
funded trust by household type
Married Households
Single Female HH
Single Male HH
77. 8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
11.5%
1998 2000 2002 2004 2006 2008 2010 2012p
U.S. population aged 55+ inclusion of
charitable recipient among those with will
or trust by household type
Married Households
Single Female HH
Single Male HH
78. What are the best multi-item models to predict the
amount of money left to charities at death?
Items 1 2 3 4 5 6 7 8 9 10
base rate 1,499 703 -242 -199 -826 -561 -836 -636 -567 346
Average
$k giving 1,415 1,344 1,340 1,024 1,004 1,078 1,056 1,044 1,244 1,250
Last reported
wealth $k 4 4 3 3 5 4 4 4 5
No offspring exists 9,774 9,722 9,815 9,807 9,917 9,868 9,844 9,325
$k of giving in
last report 336 341 317 301 293 286 286
% years reporting
funded trust 9,960 11,125 10,049 10,014 10,096 10,195
Highest reported wealth $k -2 -4 -5 -5 -5
Average reported wealth $k 7 10 10 10
Lowest reported wealth $k -13 -13 -12
Highest $k year of giving -113 -114
Married -2,409
79. What is the combined effect (considering both
adding and dropping) of various lifetime changes on
the presence of a charitable plan existing
rank Δ factor Δ in conditional
probability
1 Start (stop) giving 0.0798
2 Start (stop) volunteering 0.0585
3 Increase assets by 10k 0.0001
4 Increase annual volunteering hours by 100 0.0091
5 Being diagnosed with cancer 0.0728
6 $1k change in giving to charity 0.0010
7 Becoming a widow/widower 0.0572
8 The last survey before death 0.0528