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17 May 2012 | National Publication | Article
Emergency Assistance Funds (EAFs) for Employee Hardship and Disaster...

Emergencies by nature are unexpected and can cause a tremendous financial burden. When they strike an employee, the impact can radiate to fellow employees and the employer in the form of morale, performance, absenteeism, turnover and costs. In this article, ...
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9 May 2012 | Planning | National Publication | Article | 3 comments
The Perfect Storm: Prospective Expiration of the Bush Tax Cuts
An Overview of the Income and Estate Tax Effects For Individuals and Nonprofit Institutions

In December of 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Tax Act”), and which otherwise would have “sunsetted” as of January 1, 2011. Under the 2010 Tax Act,...
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12 Apr 2012 | Compliance | National Publication | Article
Universal E-File Key to Transparency

Current law permitts the filing of Form 990 by paper or electronic means. In this article, Dennis Walsh, CPA makes the argument for requiring that e-filing of Form 990 be made mandatory.
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1 Feb 2012 | Charitable Lead Trust , | Investing | National Publication | Article | 4 comments
Creative Applications of Life Insurance in Charitable Lead Trusts

Writing on behalf of the American Association of Life Underwriters (AALU), Marguerite Rangel and Andrea Schaffer discuss three client scenarios in which cash value life insurance was utilized as an investment vehicle within charitable lead trusts....
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16 Nov 2011 | Investing | National Publication | Article
UPMIFA and Real Life: A Case Example

The Uniform Prudent Management of Institutional Funds Act (UPMIFA), now enacted in all but two states, has created a new landscape for the administration of charitable endowments. In this article North Carolina CPA Dennis Walsh discusses how planned giving...
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4 Oct 2011 | Values-Based | InKnowVision | Article
Families and the Transformative Power of Philanthropy: Part I
Series Mission: To Bring Awareness to Professionals and Families about the Transformational Effect of Philanthropy on the Family Unit

In this first of a series of articles, Gary Shunk of Family Wealth Dynamics and Randy Fox of InKnowVision, LLC explore the potential of employing philanthropy to bring about positive change in families of wealth.  Because of the deep nature of the...
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4 Oct 2011 | Values-Based | InKnowVision | Article
Families and the Transformative Power of Philanthropy Part II:...
Series Mission: To Bring Awareness to Professionals and Families about the Transformational Effect of Philanthropy on the Family Unit

In this second of a series of articles, Gary Shunk of Family Wealth Dynamics and Randy Fox of InKnowVision, LLC continue their exploration of the potential of employing philanthropy to bring about positive change in families of wealth by discussing how to...
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13 Sep 2011 | Revenue Procedures | National Publication | Article
IRS Updates Rules for Donors and Grantmakers

Recently updated Revenue Procedures address the ability of donors to rely on the listing of an organization in Publication 78, Cumulative List of Organizations for purposes of deducting contributions and for making grants from private foundations and...
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30 Aug 2011 | Compliance | National Publication | Article
Charitable Giving and Medicaid Issues

What do charitable giving and Medicaid have in common? As it turns out, quite a bit. Writing on behalf of the National Academy of Elder Law Attorneys, Springfield, Massachusetts lawyer Hyman Darling, CELA discusses the issues that surround individuals making...
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29 Jul 2011 | National Publication | Article
Mortgages and Conservation Easements: Not a Good Mix

In this article, University of Baltimore law professor Wendy Gerzog reviews Kaufman and the Tax Court's reconsideration of its summary judgment decision that rejected the taxpayers' deduction for a facade easement charitable deduction. The...
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26 Jan 2011 | Intangible Personal Property | National Publication | Article
Navigating the Charitable Transfer of a Partnership Interest: A Primer

For an individual holding an interest in a business or investment entity taxed as a partnership, a charitable transfer can create an attractive planning opportunity while providing welcome support to a favored charity.  In this article, North Carolina-based CPA...
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18 Nov 2010 | Charitable Lead Trust | National Publication | Article
Validity of Shark-Fin CLATs Remains in Doubt Despite IRS Guidance
Writing in the October 2010 issue of Estate Planning Journal, attorneys Richard Fox and Mark Teitelbaum caution that although language in Revenue Procedures indicates that charitable lead annuity trust payments may increase during the annuity...
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10 Nov 2010 | Transfer Taxes | National Publication | Article
Featured Article - Really?
As Congress moves into lame duck session, the repeal of the estate and generation-skipping tax for decedents dying in 2010 is seeming more like a reality. In this article, Owings Mills, Maryland attorney Jonathan Ackerman shares his thoughts regarding planning for the...
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20 Oct 2010 | Foundations | National Publication | Article
Symbiotic Ways Private Foundations Use Community Foundations and...

Many people who control private non-operating foundations find they do not offer as much planning flexibility as other types of giving vehicles and entities...
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6 Oct 2010 | Intangible Personal Property | National Publication | Article
The Hidden Gift

Billions of dollars of life insurance death benefits are owned by charities. This short article by Steve Zeiger, Israel Lustig and Dick Weber will explain a new technique that can dramatically reduce the cost of holding some of these policies. And for elderly donors...
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23 Sep 2010 | National Publication | Article
Gifts of Tangible Personal Property or How to Find Valuable Donations...
Have you ever been channel surfing and run across Antiques Roadshow, Pawn Stars, or Pickers? They can be pretty addicting because you never know what treasure you might see. In this article, appraiser Alan Breus shares some gems of advice...
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13 Sep 2010 | Intangible Personal Property | National Publication | Article
Use of Life Insurance in Private Foundations - Continuing a Legacy

It's a well known fact that life insurance is one of the most efficient assets in creating an estate when it is needed. It is also common to such contracts to be owned by public charities. In this article, Peggy M. Hollander, Managing Partner of the Succession...
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19 Aug 2010 | Privately Held Business Interests | National Publication | Article
Mix Charitable Giving with Succession Planning

A charitable remainder trust can allow business owners to transfer their business to heirs with minimum income and transfer tax exposure, ensure retirement income, and create a permanent legacy. In this article from Family Business Magazine, Barton J. Bradshaw, J.D...
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13 Jul 2010 | General | National Publication | Article
Don't Forget Haiti

Has it been only six months since the devastating earthquake struck the island nation of Haiti? If you live there, it might seem like a lifetime. In this article, PGDC editor Marc Hoffman recounts his first-hand experiences in Haiti last February and reminds us all...
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20 Apr 2010 | Transfer Taxes | National Publication | Article
Section 2511(c) and Charitable Gift Planning
There has been a lot of concern recently about the effects of Internal Revenue Code
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Recent activity

The Perfect Storm: Prospective Expiration of the Bush Tax Cuts

"Hi, I'd like to post to Jon Kraus's point. I agree that the Bush Tax Cuts are the moniker used by most commentators (including me) because that's..." from LeonLaBrecque.
"In the Bush Tax Cut article it would be interesting for the Hypothetical Case to show the net cost of $1.000.00 gift under current law and under the..." from John Eilers.
"Question: why do we keep referring to them as the "Bush tax cuts" when they were renewed by the current President and Congress? And why would the..." from jonkraus.

Creative Applications of Life Insurance in Charitable Lead Trusts

"Don't understand the use of MEC Life insurance in a grantor CLT. If dividends or cash value are used as suggested in Example A aren't all such..." from William Sapers.
"Is there a possibility that a deduction could be dissallowed if the CLT owns and is the beneficiary of the life insurance? (e.g., could the charity..." from mpressler.
"Are there any "self dealing" restrictions that would preclude the grantor from taking a charitable deduction when the CLT purchases life insurance? (..." from mpressler.
"Any thoughts on 170(f)(10) and gifts of and premium payments for insurance donated to or purchased by a CLT (a "gift for the use of" charity)?" from Nancy Marx.

Real Estate Gifts In Challenging Times

"While I haven't personally been involved in a situtation like this, it seems the only way to legally agree with the donor to hold the property for a..." from Keith Miles.
"Question: Can a non-profit agree with a donor not to sell the donated property within the three year 8282 look-back period or will such a term in..." from Scott Taylor.
"I was searching in Google for some useful articles on Real estate.And I have found your sites, Thanks for sharing this useful article.It is often..." from kumar01.
"I am amazed that the author takes the resale so causally. I have spent more than forty years helping colleges sell real estate with the opportunity..." from Andrew Johnson.
"The real estate market has seen a terrible downfall these last few years , but even so some will get very very rich in the long run, prices being so..." from amberu.

The Pension Protection Act of 2006: A Guide to Charitable IRA Rollovers

"Has anyone seen or heard whether a donor with an IRA that holds gold coins may request a QCD to charity 'in kind' with a transfer of actual coins to..." from Rick Herrington.

Symbiotic Ways Private Foundations Use Community Foundations

"Here is an article written by Page Snow that highlights solid reasons to keep Private Foundaitons in place and help them flourish. Foundation Source..." from Michael Hogan.

The Hazards of Unmanaged Life Insurance Policies

"Thanks Bryan for the note. I am swamped right now but will put a tickler on this file to review your website and the individuals you suggested. We..." from Mark Larkin.
"Mark, I have done insurance audits for the last ten years or so (probably reviewed 2-3 thousand policies) and do qualified appraisals as well (see..." from BryanClontz.
"We have conducted reviews of the policies held by the non-profit organization I work for, however in our case we have had a couple of different..." from Mark Larkin.

Contributing Mortgaged Property To Charity

"One of the things you need to consider when you pay your mortgage or sell your home is the closing cost. The average closing cost is about ten times..." from Carter_N.

Using an IRA to Finance Charity-Owned Life Insurance

"It seems that one of the benefits of the CHIRA concept vs a simple designation of the charity as a beneficiary of an IRA is the revocable nature of a..." from davidbieber80.

Professional Advisors and Non-Profits: A Collaboration to Shape our Philanthropic Future

"Such relationships are valuable for businesses because they help them grow more effectively. I've seen this synergy for some time and I believe it..." from crankyolddog.