The document provides an overview of planned giving strategies for donors, including bequests, life insurance, retirement accounts, real estate, charitable remainder trusts, charitable gift annuities, and charitable lead trusts. It discusses the basics of how these different planned giving tools work, their tax implications, and why donors may want to utilize them to combine their charitable, family, and financial goals.
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
University at Buffalo Webinar - DIY Wealth Book with Ripsaw Wealth ToolsStanleyKon
Stanley J. Kon, PhD explores concepts of his new book, Do-It-Yourself Wealth Management: Take Control of Your Financial Life!, using Ripsaw Wealth Tools. (RipsawWealth.com) We are all our own wealth managers, regardless of who you pay for advice and trade execution. Given the potential conflicts of interest, managerial risk and excessive fees, it is not difficult to do better for yourself than what most professionals can do for you. Even if you choose to pay a professional, it is still your responsibility to monitor them concerning suitable strategies and performance net of fees. Investment portfolios have a lot of moving parts with multiple risk dimensions. In this presentation, I will take you through a disciplined investment process for wealth portfolio construction, monitoring and revision involving many accounts and many investments with overlapping risk dimensions.
What exactly is the charitable deduction? The charitable deduction allows you to take off the value of property you offer to charity from your property and might minimize any federal gift and estate tax that might be owed. Charitable gifting allows you to satisfy your personal philanthropic desires and satisfy your estate planning objectives.
Strongbrook Buy & Hold-Turnkey StrategyWilliam Moore
Generational Wealth Zone presents Strongbrook; A client based National Real Estate Investment Company that uses a turn-key approach to investing in Real Estate & Strongbrook Direct; A client acquisition referral network
The Family Business Life Cycle: Creating & Distributing WealthNicola Wealth
Wealth can be created at each stage of the life cycle of the family business. The foundation established early on will create a harvest at a later time. Many families experience turbulence when transitioning their businesses (and wealth) to the next generation. It needn’t be so. Being proactive in your approach to this critical subject can successfully prepare the recipients of your wealth and ensure the continuity of your business, and your legacy. We know what issues typically arise at each step along the journey—the key for clients is to anticipate and prepare for them throughout the various stages.
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
University at Buffalo Webinar - DIY Wealth Book with Ripsaw Wealth ToolsStanleyKon
Stanley J. Kon, PhD explores concepts of his new book, Do-It-Yourself Wealth Management: Take Control of Your Financial Life!, using Ripsaw Wealth Tools. (RipsawWealth.com) We are all our own wealth managers, regardless of who you pay for advice and trade execution. Given the potential conflicts of interest, managerial risk and excessive fees, it is not difficult to do better for yourself than what most professionals can do for you. Even if you choose to pay a professional, it is still your responsibility to monitor them concerning suitable strategies and performance net of fees. Investment portfolios have a lot of moving parts with multiple risk dimensions. In this presentation, I will take you through a disciplined investment process for wealth portfolio construction, monitoring and revision involving many accounts and many investments with overlapping risk dimensions.
What exactly is the charitable deduction? The charitable deduction allows you to take off the value of property you offer to charity from your property and might minimize any federal gift and estate tax that might be owed. Charitable gifting allows you to satisfy your personal philanthropic desires and satisfy your estate planning objectives.
Strongbrook Buy & Hold-Turnkey StrategyWilliam Moore
Generational Wealth Zone presents Strongbrook; A client based National Real Estate Investment Company that uses a turn-key approach to investing in Real Estate & Strongbrook Direct; A client acquisition referral network
The Family Business Life Cycle: Creating & Distributing WealthNicola Wealth
Wealth can be created at each stage of the life cycle of the family business. The foundation established early on will create a harvest at a later time. Many families experience turbulence when transitioning their businesses (and wealth) to the next generation. It needn’t be so. Being proactive in your approach to this critical subject can successfully prepare the recipients of your wealth and ensure the continuity of your business, and your legacy. We know what issues typically arise at each step along the journey—the key for clients is to anticipate and prepare for them throughout the various stages.
Presentation at the Stanford & Silicon Valley Community Foundation Conference on Charitable Giving 2018
Kirsten Wolff
Charitable Lead Trusts Demystified
Sideman & Bancroft LLP
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 popular session returns in 2015 with 12 new great ideas. There are a number of incentives out there for companies and individuals alike that, unless you are looking specifically for them, they may be overlooked.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. PLANNED GIVING
Cherokee Arts Center
William Clay Tucker, CAP, CRPS, CMFC
Chartered Advisor in Philanthropy
Woodville Advisory Svcs., LLC
770-778-5242; tuckerwf12@aol.com
2. Planned Giving Programs
• Basics of Planned Giving Strategies
• The various Planned Giving tools, techniques and the basics of
how they work
• An overview of the tax implications to the donor for the
gifting options
• Who is on GRN “Team”
3. What is Charitable Gift Planning?
Charitable Gift Planning is the process of cultivating, designing, facilitating,
and stewarding gifts to charitable organizations.
Charitable Gift Planning:
• Uses a variety of financial tools and techniques for giving
• Requires the assistance of one or more qualified specialists
• Utilizes tax incentives that encourage charitable giving, when appropriate
• Covers the full spectrum of generosity by individuals and institutions,
and is based on powerful traditions of giving in the United States
4. What are Planned Gifts?
Planned Gifts are a variety of charitable giving methods that allow you to
express your personal values by integrating your charitable, family, and
financial goals.
Making a planned charitable gift usually requires the assistance of the charity’s
development professional and/or a knowledgeable advisor(s) such as an
attorney, financial planner, or CPA to help structure the gift.
Planned Gifts can be made with cash, but many are made by donating assets.
Such as securities, real estate, art, or business interests – the possibilities are
endless. Planned Gifts can provide valuable tax benefits and /or lifetime
income for the donor, donor and spouse, or other family members. The most
frequently-made planned gifts are bequests to charities, made via wills or
trusts.
5. Why Make a Planned Gift?
Many people want to make charitable gifts but need to do so in a way that helps meet
their other personal, family, or financial needs. Planned Gifts give donors the option for
making charitable gifts in a ways that may allow one to:
• Make a larger gift than thought possible
• Increase current income
• Plan for the future needs of a spouse or loved one
• Provide inheritances for heirs at a reduced tax cost
• Reduce income tax and/or avoid capital gains tax
• Diversify investment portfolio
• Receive income from personal residence or farm
• Plan for the transfer of a business
• Leave a charitable legacy for future generations
6. Types of Planned Gifts
• Bequests – make up over 80% of all Planned Gifts
• Life Insurance
• Retirement Accounts (IRA, 401k, 403b, etc.)
• Life Estate
• Charitable Remainder Trust (CRT)
• Charitable Lead Trust (CLT)
• Charitable Gift Annuity (CGA)
• Immediate Legacy
• Donor Advised Fund (DAF)
7. Bequests and Estate Tax
• Deductible for estate tax if
– Made to eligible charity
– The amount can be ascertained with reasonable
certainty
– Passes in appropriate legal form rather than
executor’s discretion
– Cannot be defeated by a contingency, event, or
person
8. Now/Later?
• Give now or at death?
• Income tax deduction is available for life time
gifts – that is one advantage
• Charities prefer “now” money
• Donor may enjoy giving while alive
• Advisor(s) can compute whether a major life
time gift is possible
9. Gifts of Real Estate
• Real estate is 50% of individual wealth, but only 2% of gifts
• A largely untapped market for planned gifts
To Prepare to Accept Real Estate
• Include in Gift Acceptance Policies
• Have a Gift Acceptance Committee
• Establish if property is usable for CAC purposes
• Consider transaction costs & carrying costs
• Consider need for appraisal
• Consider EPA inspection
• Consider need for a real estate attorney to review title
• Consider holding period – when will it sell?
• Who will pay any debt associated with property?
10. Retirement Accounts
• Gain inside an IRA, 401(k), or deferred annuity is taxable at
death as “income with respect to a decedent.”
• IRD is taxed first under the estate tax rules. Then it is taxed
again under the income tax rules. The income taxable amount
is reduced by the estate tax attributable to the IRD.
Practical Points
• Clients generally have a variety of assets.
• Capital gain assets (in years other than 2010), get a stepped
up basis at death.
• IRD(Income in Respect of Decedent) assets can be subjected
to double tax: estate tax and income tax.
• It just makes good sense to send the IRD assets to charity, for
those making gifts, and the capital gain assets to heirs.
11. Uses of Life Insurance
• Gift of existing policy:
Make CAC beneficiary or gift unneeded policy to GRN:
• Income tax deduction for fair market value or basis, if less.
• Deduct premiums up to 50% of AGI if check is made out to
charity which then pays premium
• Deduct up to 30% of AGI if charity owned policy premium
is paid by donor direct to insurance company
• Policies with FMV in excess of $5,000 require qualified
appraisal
• Encumbered Life Insurance – if policy has an
outstanding loan – Red Flag/Avoid
12. Insurance and IRA
• Make charity the beneficiary of the IRA
• Meanwhile, use income from the IRA to fund life insurance
payable to heirs
• Result can be better than having the IRA go to heirs, while
some other asset goes to charity
Zero Estate Tax Planning
• Wealthy clients will most always say that they have a good
estate plan. When asked if they will still be paying some level
of estate taxes, many will say they are
• To get to Zero Tax, charitable tools may be needed
• As part of such a plan, life insurance often finds a natural role
13. CRTs, CGAs, and CLTs
• Each requires donor to make an irrevocable transfer
to a charitable entity
• Each generates an income stream to the donor or an
individual or individuals named by the donor.
• Each is part charitable and part non-charitable
• Each generates an income tax charitable deduction
for the charitable portion of the gift
• We will consider each tool in turn
14. Charitable Remainder Trust
• An irrevocable arrangement in which a donor transfers assets in
trust in exchange for an income interest.
Parties to a CRT
• Donor(s)
• Trustee
– Administration
– Investment management
– Tax reporting
• Income Beneficiary (donor or other)
• Remainder Beneficiary (charity)
• Heirs
15. Charitable Remainder Trusts
Donor CRT Charity
• Donor gifts cash or assets
• Deduction is for remainder interest
• Income back to donor
• Remainder to charity at end of the trust term
16. Types of CRT
• Charitable Remainder Annuity Trust (CRAT)
• Charitable Remainder Unitrust (CRUT)
• Net Income Charitable Remainder Unitrust
(NICRUT)
• Net Income With Makeup Charitable Remainder
Unitrust (NIMCRUT)
• Flip Unitrust
17. CRAT
• Pays fixed income to income beneficiaries
• Fixed % of initial contribution
• No adjustments to payout based on trust balance
• No additional contributions to the trust
18. CRAT
• Must pass 5% probability test (a less than 5% chance
that the trust will exhaust before the end of its term,
based on factors in place when trust is established)
• Must pass 10% remainder test (must show at least a
10% remainder based on current assumptions when
trust is established)
• CRAT may in reality exhaust itself, terminating
income payout and leaving nothing for charity
19. CRUT
• Pays a fixed percentage of whatever the trust has
grown to or shrunk to
• Income to donor varies
• Additional contributions are allowed
• Must pass 10% remainder test
• 5% test always met
– the trust pays a percentage of the remaining
balance, and so the trust may dwindle but not
exhaust.
20. Permissible Trust Terms
• Life, or lives
• Term of years not to exceed 20
• Combination of the above
21. Among Assets to Avoid
• Partnership interests
– Income passes through to trust creating unrelated
business taxable income which is taxed at 100%
• Personal residence
– Cannot live in residence without committing self dealing
Excellent Assets
• Appreciated publicly traded securities
• Unencumbered real estate
22. Estate Tax Issues
• Assets in CRT are includible in the donor’s estate
• Charitable deduction generally will remove CRT
assets from the taxable estate
• Income to spouse may be excluded from decedent
donor’s estate
• Income to anyone other than spouse causes inclusion
of all CRT income in the decedent donor’s estate
23. Gift Annuity
Gift
Donor Charity
Annuity
• Donor gifts cash or assets
• Often used for gifts of $50,000 or even less
• The charity itself is the payer; no trust involved
• Deduction is for remainder interest
• Income back to donor is taxed with basis, capital gain, and income
pro rata
24. Benefits of Gift Annuity
• Income for life
• Partial income tax deduction
• Can defer capital gain
• No legal work required
• Can be done for small amounts
Essential Elements
• One or two lives
• Not a term of years
• The annuity payments are fixed and are not based on the
charity’s own return
• Gift portion must represent at least 10% of the gift’s value on
date of contribution
25. Payout
• Based on income beneficiary’s age at time of gift
• Charity is free to set its own rates
• Uniform (suggested) rates set by American Council on
Gift Annuities (since 1927)
• ACGA rates designed to retain half of gift for charity
at life expectancy
• Rather than GRN managing funds and distribution,
can use outside providers.
26. Prospects
• Typical gift annuity donor is single, age 77
• Median CGA is $57,000
• Competes with a CD for those with charitable intent
Advantages to Donor
• Easy to understand
• Provides donor with guaranteed income stream
• Transaction is part gift
• Income tax charitable deduction in year of gift
• Beneficial capital gains treatment for donor
• Simple documents, little or no legal expense
27. Charitable Lead Trusts
Asset Asset
Donors CLT Remainder
For non-grantor,
Income CLT remainder
goes to heirs; with
grantor trust may
go back to donor
Charities
28. Charitable Lead Trusts
• “Split-interest” gift with a “lead (income)
interest” and a remainder interest
• “Lead interest” goes to one or more
qualified charitable organization(s)
• Remainder interest goes to non-charitable
entity
• Income not tax exempt
29. Simple Points to Remember
• 90+% of CLTs are for estate tax reduction, not
income tax reduction.
• Used by very wealthy families to reduce or
zero out an estate for transfer tax purposes.
• Can be set up during life or at death
• Compete with Foundations in some respects
as grant-making entities.
30. CLT Formats and Terminology
• CLUT • Testamentary
– Income to charity varies – Set up to start at death
• CLAT • Inter Vivos
– Income to charity fixed – Set up during lifetime
• Non-Grantor
– Estate tax tool
• Grantor
– Income tax tool
31. Benefits of Non-grantor CLT
• Zero out an asset • Help charity with
• Or greatly reduce its stream of income
value for transfer tax during trust term
• Can zero out an entire
estate
32. Permissible Payout Term
• For either a fixed term or “lives in being”
– limited to one or more of the donor, the donor’s spouse,
or a lineal ancestor or spouse of a lineal ancestor of all of
the remainder beneficiaries
• Remainder to any non-charitable entity
– may include Donor or Donor’s “heirs”
33. Charitable Lead Annuity Trust
• Irrevocable gift to Trust, paying a fixed amount to Charity annually
– may be stated as a fixed dollar amount or
– may be stated as percentage of initial value
– payout does not change as assets in trust go up and down
– no upper or lower limit on percentage/annuity amount
Charitable Lead Unitrust
• Irrevocable gift to Trust, paying a fixed percentage of assets to charity
based on the value of those assets, as revalued annually
– no upper or lower limit on percentage/annuity amount
34. CLT Donor Profile
• A client who wants to benefit charity
• Client whose non-charitable remainder beneficiaries can
afford to wait for property (BUT, think Irrevocable Life
Insurance Trust as a temporary solution)
• Client who can forego income from CLT assets for term of
trust
• Client is making gifts to charity
• Use CLT to make current gifts
• Move assets dedicated to supporting current gifts from
taxable estate and begin moving principal (and any net
growth) to heirs today
35. Non-Grantor CLT Prospect
• Donor is hitting the AGI limits for annual gifts
• Consider gifting to CLT an income producing asset.
• Income from asset is 100% deductible to trust, but
limited to a fraction of AGI in donor’s hands.
• Net result: Donor need no longer realize income
from the asset that donor cannot deduct as a gift.
36. CLT versus Foundation
• Client considering a foundation?
• Maybe a CLT would do the same job better.
• A CLT is donor-created grant-making entity, but one that will
eventually pour over to the heirs.
• Whereas, a foundation never reverts to the family.
CLT from Charity’s Perspective
• A living lead trust can pump significant dollars to a charity for
current programs.
• Life insurance can replace the stream of payments when the
trust term ends.
37. Questions for Prospects
• You have an excellent estate plan, I am sure. Are you still paying any estate
tax?
• You are considering a Foundation? Would you be interested in an
alternative in which your heirs can actually get the assets back, possibly
free of estate tax?
• I am sure you have an excellent estate plan. Are your advisors aware how
idealistic and committed you are to giving? Would it be helpful if I were to
meet with them to discuss options that can help you personally, help your
heirs, reduce estate tax, and make a big difference for the causes you care
about?
Impact:
• A CLT is a powerful tool for achieving a positive impact for heirs and for
charity.
• What’s in it for the donor is knowing that his or her goals are
accomplished with great tax efficiency.
• Sell impact and the rest falls into place.
38. Donor Advised Funds
• Hugely popular
• Can be considered like family foundation for those of more modest
means
• Some of the largest donor advised fund complexes are offered by the
nonprofit arm of such financial firms as Fidelity, Schwab, and
Vanguard (and many others)
• Have traditionally been offered by Community Foundations, Jewish
Federation, and other nonprofits
• Donor makes irrevocable contribution to a non-profit organization
that administers the fund (Mutual Fund Cos. manage these also)
• Receive immediate income tax deduction
– Qualify for public charity deductions
• Donor recommends charitable grants based on his/her preferences
• Some charities will allow named beneficiaries to assume advisory role
after death, if the charity allows this.
39. Which Tool is Right?
• What assets are being used?
• How much will go into the tool?
• How much control is enough?
• How important is privacy?
• How important is perpetuity?
40. Requirements for Income Tax Deduction
1. Must be voluntary
2. Made to an eligible charity
3. Without consideration or benefit to donor
Note: Above is the general rule. The majority of planned gifts are
exceptions to #3.
Completed Gift
• To be deducted a gift must be “complete”
– No strings attached
– No ability to revoke
– Nothing of value coming back to the donor (“quid pro quo”)
– No deduction for gift of a partial interest.
• These are the general rules. For quid pro quo gifts and gifts of a partial
interest certain special rules and exceptions apply.
41. Factors in Computing Deduction
• The type of property donated
• The type of charity receiving the gift
• The fair market value of the gifted property
• The value of any goods or services received in
return for the gift
42. Small Organizations
• You can’t do “planned giving” as the big organizations do,
but you can do bequests, CGA’s, CLT’s, IRA and insurance
beneficiary designations
• CLT’s are good, as the income stream is transferrable to
another charity should donor’s targeted charity
terminate operations.
• CGAs, can provide “cash now”
• And you can work with advisors to free up large blocks of
cash now, later, and at client’s death.
• CAC does not bear any costs or liability in accepting
Planned Gifts
43. Team • Development Officer
Work with others
• Philanthropic Advisor
Or they will work • Estate planner
against you
• Financial planner
The bigger the case, • CPA
the more team- • JD / Attorney
intensive
• Insurance professional
• Investment professional