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.
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
Life Insurance Trusts and Charitable Planning Techniquesscoop85
Learn techniques to provide protection for life insurance proceeds against estate tax exposure and creditors, and how to integrate charitable planning techniques that benefit the client and their family as well as selected charities.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
Life Insurance Trusts and Charitable Planning Techniquesscoop85
Learn techniques to provide protection for life insurance proceeds against estate tax exposure and creditors, and how to integrate charitable planning techniques that benefit the client and their family as well as selected charities.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
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
The Best Way to Buy Sell or Replace Life Insurancefreddysaamy
http://ekinsurance.com/pennsylvania-life-insurance/
Traditionally, life insurance is purchased during your working years to replace your income for your family in case you died. But if you are retired, do you still need life insurance?
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.
This presentation provides an overview of the road map needed to avoid the land mines and traps related to Medicaid. Proper planning is needed to preserve a legacy, cover final expenses and still be eligible for all available Medicaid benefits.
This publication is a collaborative effort of the Waterloo-Wellington LEAVE A LEGACY™, a program of the Canadian Association of Gift Planners (CAGP-ACPDP™), to provide valuable information to the readers on planned gifting and charitable giving.
What Drives Giving: The Heart or Brain: Major Gifts, Planned Gifts & Donor Retention was presented at the 2023 Nonprofit Academy in St Mary's PA and focuses on the power the heart plays in Major Gifts and Planned Giving through conducted research and the personal experience of Gary Bukowski in his fundraising effort to make a difference in Higher Education, with Intellectually Challenged Individuals and most recently at Sarah A Reed Children's Center with children with behavioral challenges. Six donor case studies are reviewed. Recent research is used from the recent book The Embodied Mind by Thomas Verny MD and recent fundraising research. Plus, the author has provided a plethora of resources for the fundraising professional to help them in developing a major gift and planned giving program or enhance their present efforts.
Dan Harris of Wells Fargo Charitable Services presents his ideas on simplifying planned giving in this Minnesota Community Foundation and Saint Paul Foundation webinar.
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
The Best Way to Buy Sell or Replace Life Insurancefreddysaamy
http://ekinsurance.com/pennsylvania-life-insurance/
Traditionally, life insurance is purchased during your working years to replace your income for your family in case you died. But if you are retired, do you still need life insurance?
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.
This presentation provides an overview of the road map needed to avoid the land mines and traps related to Medicaid. Proper planning is needed to preserve a legacy, cover final expenses and still be eligible for all available Medicaid benefits.
This publication is a collaborative effort of the Waterloo-Wellington LEAVE A LEGACY™, a program of the Canadian Association of Gift Planners (CAGP-ACPDP™), to provide valuable information to the readers on planned gifting and charitable giving.
What Drives Giving: The Heart or Brain: Major Gifts, Planned Gifts & Donor Retention was presented at the 2023 Nonprofit Academy in St Mary's PA and focuses on the power the heart plays in Major Gifts and Planned Giving through conducted research and the personal experience of Gary Bukowski in his fundraising effort to make a difference in Higher Education, with Intellectually Challenged Individuals and most recently at Sarah A Reed Children's Center with children with behavioral challenges. Six donor case studies are reviewed. Recent research is used from the recent book The Embodied Mind by Thomas Verny MD and recent fundraising research. Plus, the author has provided a plethora of resources for the fundraising professional to help them in developing a major gift and planned giving program or enhance their present efforts.
Dan Harris of Wells Fargo Charitable Services presents his ideas on simplifying planned giving in this Minnesota Community Foundation and Saint Paul Foundation webinar.
My slide deck from The Foundation Center of New York 9th Annual Open House.
What it covers:
• What is Planned Giving
• How is it done
• Who are the best prospects
• Cases
• Continuing Ed.
Richer Lives: Why Rich People Give - Presented by Theresa LloydAdam Davidson
Philanthropy is of increasing importance in modern society, yet the motivations and expectations of philanthropists appear little understood, either by those seeking funds or by those hoping that voluntary donations will help to bridge public sector funding gaps.
Join Theresa Lloyd, co-author of the groundbreaking book ‘Richer Lives – Why Rich People Give’ for this presentation as she explains why and how the richer members of our society engage in philanthropy.
This webinar is designed for:
- Fundraisers, especially major donor fundraisers.
- CEOs, senior managers, staff and volunteers in non-profit organisations as well as charity trustees.
- Professional advisers (e.g. bankers & lawyers, as well as philanthropy experts) working with donors and charities, and relevant umbrella bodies.
- Academics including students on courses concerned with the voluntary sector, especially students of philanthropy, fundraising and the third sector as well as general social policy.
- University libraries and resource centres operated by voluntary organisations.
Slides taken from the 25th April 2014 Webinar
A recording of this presentation is available. Please contact websupport@chapel-york.com for further information
When you share your resources with causes you are passionate about, you are more connected to your community and the world. Donors to charitable organizations are not all wealthy. Eight-six percent of adults in the U.S. identify themselves as donors.
Ann Casey from Madison Community Foundation and Theresa Zeidler-Shonat from Smith & Gesteland discuss approaches to Planned Giving. Leaving a legacy takes some organization to pull it off successfully.
This course is designed to help nonprofit organizations learn to how to create and direct their planned giving efforts, beginning with a general overview of what is viewed by many nonprofits as a very complex subject.
Giving is powerful. But it's also complex. This presentation looks at some of the stats of the philanthropic sector as well as some science behind giving, fundraising, and marketing for causes.
Archives Alive! Activating Archives for Engagement & EquityWest Muse
Exciting possibilities await us when we invest in museum archives! Through archives, relevant and engaging connections happen and a more inclusive, approachable space for community results. Learn how nascent collection and institutional archives expand accessibility, reach new audiences, and create unexpected discoveries that empower and shift narratives. This session will explore approaches to improving collections accessibility and holding space for diverse connections through archives.
PRESENTERS: Linda Waterfield, Head of Registration, Phoebe A. Hearst Museum of Anthropology,
University of California at Berkeley
Gina Caprari, Registrar and Collections Manager, The Global Museum and Museum Studies Program, San Francisco State University
Peggy Tran-Le, Research and Technical Services Managing Archivist, Archives and Special Collections at UCSF Library, University of California, San Francisco
Beyond Land Acknowledgements: Real Collaboration with Tribes & Tribal LeadersWest Muse
Tribal land acknowledgments are rapidly growing in popularity among institutions and organizations, taking the form of opening statements in meetings and conferences, signage, or website messages. One might ask why land acknowledgments are being made in a growing number of settings, including the museum. Acknowledgment is a simple, powerful way of showing respect and is intended as a step toward correcting the practices that erase or freeze Indigenous people’s history and culture while inviting and honoring the truth. However, the land acknowledgment is also at risk of ending where it began, perhaps well-conceived and received, but merely a symbolic gesture with little to no follow-through of engagement and real change. While land acknowledgements are well-meaning, they are no substitute for substantive and ongoing tribal relationships and understandings of tribal land claims.
Digital Strategy: A Means for Museum TransformationWest Muse
Museums crafting digital strategies for the first time can find the process daunting, so hearing from members of the museum community who have done this work can be a great place to start. This session will address how an institution can develop a successful digital strategy, including how to leverage technology for institutional impact, how to ensure digital efforts are serving a need, and how digital efforts can protect, enhance, and showcase content.
PRESENTERS: Alisha Babbstein, Archivist, Oregon Jewish Museum and Center for Holocaust Education
Nik Honeysett, CEO, Balboa Park Online Collaborative
Jack Ludden, Senior Strategist and Innovation Specialist, Balboa Park Online Collaborative
Gail Mandel, Deputy Director, Oregon Jewish Museum and Center for Holocaust Education
Building Community: Discovering Resources for Professional Support, Learning,...West Muse
Having a network of colleagues outside of their immediate co-workers was crucial when disaster struck. The members of the Museum Educators of Puget Sound have leaned into this community for support, resources, and information during the COVID-19 pandemic. Join them for open conversation on what they learned about their identity as museum educators, how they supported each other during different phases of the pandemic,
and how to decide what educators can carry forward.
PRESENTERS: Sondra Snyder, Director of Education, Museum of History & Industry
Emily Turner, K-12 & Youth Programs Coordinator, Museum of History & Industry
Nicole Frymier, Former Treasurer of the Museum Educators of Puget Sound
Kate Sorensen, Youth & Children’s Programs Manager, Bellevue Botanical Garden Society
Creative Attention: Art & Community RestorationWest Muse
How can museums support individual and community wellness, belonging, and resilience? Hear a case study from the Palo Alto Art Center about Creative Attention, an initiative that included an exhibition, artist residencies, an art therapy residency, public programs, and wellness programs. As part of the session,m participate in a virtual meditation with our wellness program provider and use the prompts created by mour art therapist in an artmaking session.
MODERATOR: Karen Kienzle, Director, Palo Alto Art Center
PRESENTERS: Julie Forbes, Stress Management Consultant
Anh Tran, LMFT, ATR-P, Licensed Marriage and Family Therapist and Provision Art Therapist
Open to Directors, Deputy Directors, CEOs, CFOs, Leadership Team Members, and Trustees, this luncheon welcomed guest speaker Micah Parzen, CEO, Museum of Us, for a talk about changing the Museum’s name and the work that came after. This luncheon was sponsored by Mad Systems.
Facilitating Critical Conversations Around ExhibitionsWest Muse
Museums provide space for people to engage in critical conversations. In this session, participants will hear from four museums on their relationship between the curation/exhibitions and education/community programs departments, how educators navigate complex and sometimes controversial topics with visitors, and how program organizers create public discussions on critical topics. Participants will also have the opportunity to speak with other museum professionals on how they address critical topics and foster dialogue and civil discourse.
PRESENTERS: Amanda Coven, Director of Education, Oregon Jewish Museum and Center for Holocaust Education
Molly Wilmoth, Bonnie Lee and Oliver P. Steele III Curator of Education & Engagement, High Desert Museum
Eliza Canty-Jones, Chief Program Officer and Editor Oregon Historical Quarterly, Oregon Historical Society
Ariel Peasley, Education and Community Engagement Coordinator, Coos History Museum
Helping Communities Heal in the Wake of Local CrisisWest Muse
As natural disasters and crises become prevalent, hear how four museums responded to wildfires and the recent COVID-19 pandemic. Learn innovative ways to help your community heal. Each museum will share how they addressed local crises in thoughtful and meaningful ways while staying true to their missions and protecting their collections. Through partnerships, interactive social media platforms, creative artmaking, reflective exhibitions, collecting oral histories, and developing programs, each museum became a place of gathering, engagement, connection, reflection, and support.
PRESENTERS: Jeff Nathanson, Executive Director, Museum of Sonoma County
Jesse Clark McAbee, Curator of Museums, Museums of Lake County
Carol Oliva, Director of Development, California Indian Museum and Cultural Center
Jessica Ruskin, Education Director, Charles M. Schulz Museum
How do museums and historians shape a person’s legacy, for better or for worse? Join us for small group conversations as we investigate the stories of aviation pioneers Pancho Barnes and Amelia Earhart through an LBGTQ+ perspective. We’ll consider the wider challenges of representing diverse ethnicities or sexual/gender identities of historical individuals with today’s language, and examine how what museums say (and don’t say) about a person’s life has a profound impact on visitors.
PRESENTERS: Shae Skager, Administrative Coordinator, Education, The Museum of Flight
Sean Mobley, Social Media and Content Marketing Specialist, The Museum of Flight
A national research study, Measurement of Museum Social Impact (MOMSI), is working to create a survey to help museums measure their social impact. In this session, hear about the study, its history, and the forthcoming toolkit; preliminary social impact data from MOMSI host museums; and host museum perspectives on how to recruit participants through an equity lens and use social impact data for master and strategic planning, advocacy, and community engagement.
PRESENTERS: Emily Johnson, Field Services Manager, Utah Division of Arts & Museums
Dean Watanabe, Vice President, and Deputy Director, San Diego Zoo
Dan Keeffe, Director of Learning & Engagement, Los Angeles Zoo and Botanical Gardens
Lorie Millward, VP of Possibilities, Thanksgiving Point Institute
Michelle Mileham, Ph.D., Project Manager, Measurement of Museum Social Impact & Accessibility Coordinator, Utah Division of Arts & Museums
Museum People: Exploring Museum Workforce Issues in 2022West Muse
This session explores workforce issues through the lens of an organization created in reaction to the COVID-19
pandemic. We will facilitate open discussion about issues such as the shift in needed skills, changed business
models, and staff fatigue. The goal is to learn from each other by sharing what’s happening across institutions,
identifying short- and long-term concerns, and considering barriers and ways to move forward.
PRESENTERS: Rita Deedrick, Volunteer, MuseumExpert.org
Wendy Meluch, Principle, Wendy Meluch Consulting
Jill Stein, Founder and Principle Researcher, Reimagine Research Group
Traditional museum conservation fails to address some of the challenges and opportunities inherent in our institutions’ outdoor, macro, and functional artifacts. Whether a lightship, a submarine, a submersible, or your artifact, they sometimes withstand non-standard museum display environments and practices to keep them relevant. Join us for a discussion about preserving historical and educational significance through atypical preservation projects.
PRESENTERS: Beth Sanders, Collections Manager, U.S. Naval Undersea Museum
Richard Pekelney, Co-Chair, USS Pampanito, San Francisco Maritime National Park Association Board of Trustees
Bruce Jones, Deputy Director, Columbia River Maritime Museum
Strategies for Surfacing Truth and Fostering Reconciliation for Racial EquityWest Muse
Museums and cultural institutions are often quick to celebrate the progress they have made toward racial equity while struggling to dedicate time to pause and reflect on what might prevent them from moving forward. Museums & Race offers this session to help museum practitioners foster new dialogic skills to have more truthful conversations, as well as practical ways to move from naming the issues to developing practical strategies to combat harmful behaviors.
PRESENTERS: Jackie Peterson, Owner & Chief Excellence Officer, Jackie Peterson | Exhibit Services and Museums & Race Steering Committee Member
Dr. Karlisa Callwood, Director, Community Conservation Education & Action, Perry Institute for Marine Science; Museums & Race Steering Committee Member
Tools for Meaningful and Engaging Internship ProgramsWest Muse
Inviting interns onto your team is a great way to introduce support, generate diverse ideas, and create valuable learning opportunities for all involved. But not all internship programs are created equal. This session explores tools and engagement strategies to provide more meaningful experiences to interns and the museum.
Presenters: Peter Kukla, Planetarium Manager, Eugene Science Center
Jennifer Powers, Featured Hall Assistant Manager, Oregon Museum of Science and Industry
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt 2/2)West Muse
Studies show that $9 trillion in assets will be passed in the U.S. from Baby Boomers to Gen X and millennials by 2027. It is imperative that fundraisers plan thoughtfully for this transfer of wealth because great opportunity exists to secure planned gifts. While many nonprofits focus on immediate funding needs, museums are in a unique position, responsible for long-term institutional preservation and collections care. It is not only prudent but necessary to develop sustainable revenue.
Boards are responsible for the fiscal health of the nonprofit organizations they serve. Not only must they give, but it is essential that they take part in fund development. Many volunteers are uncomfortable in this role. This session will equip staff with tools to train board members about the fundraising cycle and how they can be involved in different phases based on their comfort levels. It will include tips on face to face solicitations.
Inclusivity, Difficult History, and the Modern Museum Audience West Muse
This luncheon was open to Directors, Deputy Directors, CEOs, CFOs, Leadership Team Members, and Trustees, and featured guest speaker David Pettyjohn, Executive Director of the Idaho Humanities Council. David Pettyjohn discussed the Council’s mission of “deepening the understanding of human experience by connecting people with ideas,” and provided information on programming and funding opportunities, including Museum on Main Street, Speakers Bureau, and grants.
Museums and Climate Change: Creating a Sustainable Path ForwardWest Muse
The collective response of our society to climate change will be one of the defining issues of this era. From strategies to improve the environmental performance of facilities to making a difference globally through programs such as We Are Still In, this session will explore the issues surrounding climate change and provide insights on how museums of all varieties can contribute to bringing positive change to their organizations and communities through interpretation and demonstration.
Recalculating, Recalculating...Using the Museum Assessment Program as Your Mu...West Muse
Does your museum need budget-friendly directions to improve its community engagement, address challenges with collections, strengthen its educational activities, align operations overall, or hone its governance for greater leadership potential? The Museum Assessment Program can give your museum the best route to reach your destination. Hear about the new and revised assessment options, as well as about the benefits, experience, and results of MAP from recent participants. Fuel up to apply for this IMLS-funded excellence program today.
To deepen Idahoans’ connection to their state, build a statewide sense of community, and create an essential resource for education, the Idaho State Museum was designed for impact. ISHS connected Idaho’s past to the present; integrated Idaho’s cultural diversity throughout the visitor experience; and used a multidisciplinary approach to maximize historical literacy across subjects. This session explores engagement practices used to achieve statewide resonance, understand affective outcomes of the museum experience, and respond to community needs.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt. 1/2)
1. Planned Giving
Opportunities with the Upcoming Transfer of Wealth
WMA 2019
Heather Vihstadt, Director of Development at the High Desert Museum
Stephen Pruss, Partner of Ahrens DeAngeli Law Group LLP
Kris Kamann, Chief Development Officer of the Idaho
Heather Mueleman, Director of Campaigns for The Peregrine Fund at The World Center for Birds of Prey
2. Why Planned Giving Matters for Museums
“The traditional role of museums is to collect objects and materials of
cultural, religious and historical importance, preserve them, research into
them and present them to the public for the purpose of education and
enjoyment.
Today, museums must become agents of change and development: they
must mirror events in society and become instruments of progress by calling
attention to actions and events that will encourage development in the
society. They must become institutions that can foster peace, they must be
seen as promoting the ideals of democracy and transparency in governance
in their communities, and they must become part of the bigger communities
that they serve and reach out to every group in the society.”
- E. Arinze, President, Commonwealth Association of Museums 1999
6. Chronicle of Philanthropy –
$9 Trillion and Counting Report
• Transfer of Wealth
• $9 trillion in assets is expected to pass to Gen X and Millennials by 2027
• If only 5% is captured for philanthropy, it would equate to 10 Gates
Foundations or $441 billion
• An estimated $97 trillion will be transferred by 2067
• There is an unprecedented opportunity for bequests and other
planned gifts particularly over the next 3 decades
12. Planned Giving Quiz
• What percentage of the public believes that leaving money to charity
through their will is a good idea?
• A) 1 in 4 B) 1 in 2 C) 3 in 4 D) 5 in 6
• What percentage of the public actually leaves money to charity in their
estate plans?
• A) 1 in 4 B) 1 in 2 C) 3 in 4
• What percent of Americans die without a will?
• A) 30-40% B) 10-20% C) 40-50%
• Who knows the most about estate planning?
• A) wealthy B) affluent C) middle class D) all are pretty uninformed
• What types of organizations have the best planned giving programs?
• A) hospitals B) arts orgs C) churches D) colleges
Credit to Chuck Loring, CFRE
13. Planned Giving Quiz
• What percentage of the public believes that leaving money to charity
through their will is a good idea?
• A) 1in4 B) 1 in 2 C) 3 in 4 D)5 in 6
• What percentage of the public actually leaves money to charity in their
estate plans?
• A) 1 in 4 B) 1 in 2 C)3 in 4
• What percent of Americans die without a will?
• A) 10-20% B) 30-40% C) 40-50%
• Who knows the most about estate planning?
• A) wealthy B) affluent C) middle class D) all are pretty uninformed
• What types of organizations have the best planned giving programs?
• A) hospitals B) arts orgs C) churches D) colleges
Credit to Chuck Loring, CFRE
14. Interesting Facts
• Less than 1 in 10 donors over the age 50 who give $500+
list charities in their estate
• The average number of charities per estate is 5-7
• Children more likely to be removed from a will than nonprofits
• For every known bequest 7 more exist
• Bequests triple lifetime giving – these are truly transformational!
• People give because they are asked
15. How Wealth is Held
For Baby Boomers and younger generations, 85% of wealth is tied to
assets (real estate, life insurance, retirement, stocks, bonds, etc.) yet
only 15% of giving comes from here.
We should be asking for gifts from BOTH buckets! Credit to Chuck Loring, CFRE
16. Best Prospects
• People who have had significant tenure
• Board, staff, volunteers
• Long-time, consistent supporters (not necessarily major donors)
• People with accumulated assets
• People with few family obligations
Image from Stetler
17. Strategies to Launch a Planned Giving Program
• Participate in professional development & partner with experts
• Draft policies - gift acceptance, endowment spending & naming opportunities
• Start a legacy circle
• Hold an informative Planned Giving 101 event
• Steward donors – Host annual luncheon, send targeted mailings, call and meet
• Develop marketing plan
• Planned giving web page with legal name, EIN, address
• Create an informative brochure – convey impact
• Develop a bequest intention form
• Add “for more info” box to annual fund remit envelopes
• Include messaging on letterhead, business cards & email signatures
• Feature legacy stories in newsletters & publicize when appropriate
• Recognize legacy gifts in annual report & on donor wall
• Seek a challenge grant
• For bequest notifications and/or dollars
18. Overcoming Challenges
• For smaller organizations it can be difficult to prioritize
• Costs are incurred with unpredictable returns
• It is hard to measure success
• Take the long view
• After 12-15 years of consistently talking about planned giving, an organization
can begin to budget with a 3-5 year average
• Success story – The Nature Conservancy
• Invested heavily in planned giving in the 1980s (even before major gifts)
• Today, 20-25% of dollars given to TNC come from planned gifts
• The last 5 years resulted in gifts totaling more than $100 million!
19. Gift Types & Tax Benefits
Steve Pruss, Partner
Stephen L. Pruss, a partner of Ahrens DeAngeli Law Group LLP (ADLG), has been
blessed to be able to advise clients almost exclusively in the field of estate planning
and trust and estate administration from the first day he started his legal career.
Integrating his skills as an attorney and certified public accountant, Steve advises
ADLG’s clients in tax, estate planning, charitable planning, tax exempt
organizations, trust and estate administration and litigation, tax controversy, and
guardianship and conservatorship matters. He has been and is also active as an
officer and board and committee member of several nonprofit organizations. He
received his law degree from the University Of Idaho College Of Law in 1985. He is
licensed to practice in Idaho, Washington, and the U.S. Tax Court. He is also
licensed as a Certified Public Accountant in Idaho. Steve has been recognized in
field of "Trusts and Estates" as one of The Best Lawyers in America and in Seattle by
the Puget Sound Business Journal and Seattle Metropolitan Magazine. He is a
Fellow of the American College of Trust and Estate Counsel (ACTEC) and a member,
director, or officer of other professional organizations.
20. STEPHEN L. PRUSS AHRENS DEANGELI LAW GROUP LLP
spruss@adlawgroup.com 250 S. Fifth Street, Suite 660
(208) 639-7799 or (206) 652-5562 Boise, Idaho 83707-9500
and
701 5th Ave., Suite 1220
Seattle, WA 98104-7007
PLANNED GIVING TOOLBOX
21. Charity in the New Estate Tax Environment
• 2017 Tax Cuts and Jobs Act
• Lost Incentives: Doubling the exemption is estimated to reduce federal revenue by nearly $100 billion
over ten years and lower charitable giving by $4 billion per year, according to the National Council for
Nonprofits.
• Creative planning, and emphasizing non-tax benefits can help offset some of these losses.
• Know Donors
• Who likes us
• Find Potential Donors
• Who should like us?
• Create goals and plan to meet them
• Implement plans
• Measure inputs
• Know Attorneys, CPAs, Other Advisors
• Know What Planned Giving Techniques Fit with What Client Fact Patterns
• Gifting techniques – immediate, deferred
• Asset types -- retirement plans, appreciated stock, farm/other land, etc.
• Example: Accelerated lifetime gifting for clients 70 ½, the donations can be qualified charitable
distributions.
21
23. Charitable Bequests and Beneficiary Designations
Bequest (gift through will)
• Most common way people gift to charity
• Important part of nonprofit fundraising
• Can serve the legacy planning purposes of the donor very well.
• Allows donors to pass on more than just stuff and money at their death.
• It allows a way for donors to communicate their ethics and values to their heirs, as well as leave them a
community improved by philanthropy.
Designation:
• Life Insurance
• Retirement Plans
• Deferred Compensation Plans
Retirement Plans, Deferred Compensation, Notes, Contracts and Accounts
Receivable (remember this term: Income in Respect of a Decedent (IRD)) do not get a “stepped-up basis”
at death – after taxes kids may inherit 56 cents on the dollar! Therefore, a charitable beneficiary designation
costs the family 56 cents and the government 44 cents per dollar (may be more if estate tax is owed or in
higher income tax states).
Conclusion: Any gifts to charity should come from retirement plan first (usually – not Roth IRAs).
23
25. Retirement Plan Planned Giving
(Before Death)
1. Straight Withdrawals: Withdraw an amount from
retirement plan and give to charity
• Zoo Lady Example:
• Age 59; $60,000 per year of ordinary pension income; $40,000
IRA
She gave the IRA to the Zoo
• AGI was $100,000
• Deduction limit was $50,000 ($60,000 if all cash contributions)
• Taxable income was the same $60,000
Potential Problems:
• under age 60 penalty
• charitable deduction limits
• itemized deduction phase out
25
– enough other income
– AMT
26. Retirement Plan Planned Giving
(Before Death)
2. Pension Protection Act of 2006 (“PPA”) Distributions –
I.R.C. § 408(d)(8):
a) From IRAs only
a) The PPA decided that you can get a tax break when you make distributions from your traditional or Roth
IRA to charity.
b) This temporary tax break eventually became permanent with the Protecting Americans from Tax Hikes
(PATH) Act of 2015.
c) You must be at least 70½ at the time of the distribution.
b) By the Trustee only
c) An amount up to $100,000 per year
d) To any donor advised fund or public charity but not to an affiliated foundation thereof (if the
foundation is a “supporting organization”)
e) Not included in income, also not deductible, but it needs to be “otherwise deductible”
f) Donor is over age 70 ½
g) Practicalities
IRA Trustees were not set up to do direct transfers to charities
Age limits
Time limits
Distribution limits (§ 509(a)(3)) 26
27. Retirement Plan Planned Giving
(After Death)
“You’re Going to Give It To Us”
1. Designate Charity as Beneficiary of Any Retirement
Plan Asset!
Easy!
No Lawyers!
Give it all!
Family loses around 56¢/per dollar
Government loses around 44¢/per dollar
*Note, an individual also may designate a charitable remainder trust as the beneficiary of a retirement plan or
IRA. This will be addressed in the charitable remainder trust slides.
28. Retirement Plan Planned Giving
After Death – “You’re Going to Give It To Us”
2. Spouse
a) Spousal Rollovers: Name spouse as a primary and charity as
secondary beneficiary. Under a spousal rollover, spouse can change
the beneficiary from time to time. Is this OK?
b) Split Beneficiaries: Spouse and Charity – “Ten percent to Charity
and ninety percent to spouse”
• Spouse would need to take out his or her ninety percent of the plan
over 5 years (if owner dies before approximately 71 years old) or the
pretend life expectancy of the recently deceased owner (if the owner
died after the magic age of 71) UNLESS
• Accounts are split
• Owner then charity as to 10% = Account #1
• Owner then Spouse as to 90% = Account #2
OR
• Charity is cashed out by September 30th of the
year after the year in which the account owner
died. Tax Code: grieving = nine to twenty-one months.
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29. Retirement Plan Planned Giving
After Death – “You’re Going to Give It To Us”
3. Kids
a) Give kids other assets and give charity retirement plan assets
• Kids get to use the $11.4M estate tax exemption and they get stepped
up basis on other assets
• Kids will always pay income tax on retirement plan assets and they may
pay estate tax if owner’s assets exceed $11.4M – can pay up to 44¢ on
the dollar in income taxes
b) Split IRAs – one for kids to stretch and one for charity (remember
September 30th rule)
c) Kids need “principal” – use a “wealth replacement trust” – life
insurance money in a trust goes to kids estate-tax free and
retirement plan assets distribute to charity – see next slide
d) Kids need “income” only – can use a charitable remainder trust.
29
30. IRD Remainder Trusts
30
Retirement Plans
Beneficiary Designation:
Charity
John
Irrevocable Life
Insurance Trust
(ILIT)
Annual Withdrawals
Net Withdrawal Proceeds
Income Tax
Amounts Above
Insurance
Withdrawals
Estate
Taxes
$2,000,000$101,085
$2,101,085
Charities & Charitable Purposes
Charity
John’s Death
32. Gift of Appreciated Property Instead of Cash
A donor can either sell stock at fair market value and contribute the proceeds or contribute
the stock to a qualified charitable organization.
32
Gift of Cash Proceeds Gift of Stock
Stock Value $5,000 $5,000
Stock Basis 1,000
---------
Gain on Sale 4,000
Blended Tax Rate x .20
---------
800
Net Proceeds Donated
to Charity (Deduction) $4,200 $5,000
===== =====
35. Life Insurance – Donor as Owner
35
Designate charity as beneficiary of existing policies
Saves estate taxes
No income tax deduction
Easy!
36. Life Insurance – Charity Owned Life Insurance
36
Initial Issue – May a charity own life insurance on the
life of a donor?
Traditionally, the answer was no. Must have an insurable
interest
In Idaho the answer is yes under I.C. § 41-1805.
Varies from state to state.
37. Life Insurance – Charity Owned Life Insurance
37
Gifts of Existing Policies to Charity
1. Paid Up Policies – Donor receives income tax deduction for
replacement value, limited to the “basis” in the policy (usually
equal to the total premiums paid) if basis is lower than
replacement cost. In certain cases, the deduction is limited to
cash value if the charity cashes in the policy rather than holds the
policy.
2. Policies with Premiums Remaining to be Paid – Deduction to
donor for “interpolated terminal reserve” (close to cash surrender
value), but no more than tax basis in the policy.
3. More deduction may be available if donor’s health is in question at
the time of donation.
38. Life Insurance – Charity Owned Life Insurance
38
Gifts of New Policies – Charity as initial owner
1. Donor must sign off on issuance of policy under I.C. § 41-1805(2).
2. Premiums – If Donor provides annual funding for the payment of
premiums then the Donor gets a deduction for the amount of the
donation.
Finally – any gift of a life insurance policy must be without
“strings”, such as the right to designate the beneficiary of the
policy, the right to modify, surrender or cancel the policy, etc. –
retaining these “incidents of ownership” will nullify the income tax
deduction.
40. Charitable Gift Annuities
• Transfers of cash or property to charity in return for an annuity
for the life of the donor.
• American Council on Gift Annuities
• Determines an advisable payout
• Designed to guarantee at least one-half of the original payment to the
charity at donor’s death
• Charitable Deductions to Donor
• Value determined using “§ 7520 rates” - 120% mid-term AFR
• Current or previous two months
• Tables in Publication 1457 (Tables Updated May 2009)
• Determine present value of annuity payments
• Amount paid in excess of present value of annuity payment is
charitable deduction (Reg. § 1.170A-1(d)(1))
40
41. Charitable Deduction to Donor
41
Annual Annuity for Life
Cash or Property
Donor
Annual Annuity for Life
Immediate or Deferred
Cash or Property
Donor
Cash or Property
Donor
Charity
42. Charitable Gift Annuities
(continued)
• Charity is Liable to Pay Annuity Each Year
• Each Annuity Payment will be Part Return of Principal (tax-free) and Part Ordinary Income
(taxable)
• Life Expectancy Tables 1.72-9, Tables V and VI
• After All Principal is Paid Out, Remainder is All Ordinary Income
• If Capital Gain Property is Contributed, Each Payment will be Part Principal, Ordinary Income
and Capital Gain if:
• Non Assignable
• Donor and Designated Survivor Only Annuitant (See Treasury Regs under IRC § 1011)
• State Law Registration Requirements – Idaho Code § 41-120
• “Not engaged in the business of insurance”
• Notice to Donor – not insurance
• Notice to Department of Insurance – upon issuance of first charitable gift annuity
• Not an Unfair or Deceptive Act
• Three year/ $100,000 Liquid Asset rule
42
43. Charitable Gift Annuities (Continued)
Estate Taxes
• Donor as Annuitant
• Another as Annuitant § 2035(c)
Gift Taxes
• Spouse as Annuitant §§ 2523(a) & (b)(1)
• Another as Annuitant § 2503
Federal Antitrust Immunity
• Charitable Donation Antitrust Immunity Act of 1997 – Anyone who works with Charitable Gift
Annuities (and Charitable Remainder Trusts) is immune from federal antitrust liability
43
44. Charitable Gift Annuities (Continued)
Estate Taxes
• Donor as Annuitant
• Another as Annuitant § 2035(c)
Gift Taxes
• Spouse as Annuitant §§ 2523(a) & (b)(1)
• Another as Annuitant § 2503
Federal Antitrust Immunity
• Charitable Donation Antitrust Immunity Act of 1997 – Anyone who works with Charitable Gift
Annuities (and Charitable Remainder Trusts) is immune from federal antitrust liability
44
45. Charitable Gift Annuities (Continued)
• Immediate Annuity: Payments commence immediately upon
contribution.
• Deferred Annuity: Payments commence at designated future
date. Sometimes referred to as “charitable IRA” and offers
these advantages over traditional retirement plans:
• No contribution limitations
• Payments can start at any age
• No requirements to include other employees if donor is a business
owner
• Part of annuity payments will likely be tax free return of principal
or capital gain versus all ordinary income
45
47. Features (the very basics)
• Three Basic Features
• “Income Payment” to Donor (at least 5% payout)
• Capital Gains Tax Avoidance
• Income, Gift and Estate Tax Charitable Deduction
• 10% minimum remainder interest
• Tax Exempt Entity Under Internal Revenue Code
§ 664
• Designate a Charitable Remainder Trust (CRT) as beneficiary of retirement
plans.
• The CRT will not be taxed on the income when the distribution is received from the plan or IRA in
any year in which it qualifies as a tax-exempt trust.
• All of the distributions from the trust to the income beneficiaries will be ordinary income, but the
income tax will be paid only as the annuity or unitrust amounts are received. In the meantime,
the trustee can invest the distributed IRA or retirement plan assets for additional tax-free growth.
• Plan will pay to CRT over five years or pretend life expectancy
• CRT will pay an amount to spouse for spouse’s life with the remainder to charity designated by
the owner.
• CRAT vs. CRUT (fixed vs. variable)
47
48. Charitable Remainder Unitrust
48
Joseph & Mauveen
Public Charities The Splivek Family
Foundation
The Joseph & Mauveen
Splivek Unitrust
6% distribution
Appreciated Assets
Option 1
Death of Survivor
Option 2
Death of Survivor
49. What Assets Can Be Contributed?
• Stock
• Land
• Mortgaged Property – but watch out for UBTI
• Tangible Personal Property (e.g., farmers crops or equipment)
• Business – Watch out for Pre-Arranged Sale!!
• C Corporation
• S Corporation (but the charitable remainder trust cannot hold S Corporation
stock)
49
51. Charitable Lead Trusts
Split-Interest Trusts – I.R.C. § 170(f)(2)(B)
• Basic Concept: During the lead period
distributions are made on a monthly,
quarterly, semi-annual or annual
frequency to the charitable lead
beneficiary.
• Reversion/Remainder Distribution: At
the end of the lead period, the
remainder of the trust may revert to the
Donor or be distributed to other non-
charitable beneficiaries (family).
• Comparison to Charitable Remainder
Trusts: Charitable lead trusts and
charitable remainder trusts are designed
with charitable and non-charitable
beneficiaries in opposite orders, and
they are not tax exempt trusts.
51
Remainder
Donor
$
$
Reversion after
Lead Period
CLAT
Children
CLUT
Lead Period
Distributions
Charity
52. Grantor vs. Non-Grantor CLTs
When are They Used
There are two types of CLTs, generally Grantor and Non-
Grantor:
• Non-Grantor CLTs are usually used in estate tax planning.
• Discounted gifts
• Existing foundation/charitable intent
• Remainder sales to trusts
• Used especially when there is little or no GST and estate tax exemptions left
• Goal is maximizing remainder value
• Grantor CLTs are usually used in income tax planning.
• Spike year income – upfront charitable deduction
• Subsequent years will generate phantom income
• Carry forward charitable deduction
• Goal is to maximize charitable deduction
52
53. Private Foundation (vs. Donor Advised Fund)
• What is a Private Foundation?
• Donations from a Small Number of People
• Usually Grant Making (vs. Operating)
• Whatever Tax Code says!
• Limitation on Inheritance
• Specific Charitable Objectives
• Control
• Family Legacy
• Benefits Descendants
• Control
• Training
• Relief of Obligations
53
54. Partner with Your Community Foundation
Kris Kamann, Chief Development Officer
Kris joined the Idaho Community Foundation in 2016. He works with
individuals, families and organizations to help them accomplish their
philanthropic goals. This includes meeting with professional advisors to
discuss how ICF can help clients satisfy their charitable intent through
estate gifts.
Prior to joining ICF, Kris served as a Director of Development at Boise
State University. Kris has a bachelor’s degree and a master’s degree
from Ashland University. He serves on the board of the Southwest
Idaho Council of Charitable Gift Planners and is a member of the Magic
Valley Estate Planning Council and AdNet.
55. Stories that Inspire
Heather Mueleman, Campaign Director
Heather is the Director of Campaigns for The Peregrine Fund at The
World Center for Birds of Prey. She has worked in the nonprofit sector
for 15+ years. Heather studied at The Toulan School of Urban Studies
and at Portland State University and has worked for interest areas
including special transportation, conservation, special education, and
the arts. She’s led multi-million dollar advancement programs including
a $7 million capital campaign. She currently sits on the Board of Dance
for Parkinson’s Idaho, is a founding board member of Boise Hive, and
was the founding chair of the Radio Boise community advisory board