Gift Planning Tips (Updated Monthly)

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Contributions from Revocable Living Trusts
Clients with revocable living trusts can use these vehicles to make both lifetime gifts and testamentary transfers to charities ... more>>

Donors Should Verify Charities’ Status  
Charitable donors need to confirm that organizations they support are qualified charities, and loss of tax-exempt status is usually a negative indicator ... more>>

Funding a Unitrust with Life Insurance 
Life insurance policies that have a cash surrender value generally are suitable for transfer to a charitable remainder trust ... more>>

Challenges of Investing Smaller CRTs 
Could several donors, such as members of the same family, pool their assets to establish a single, cost-effective unitrust for everyone? ... more>>

To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

The following articles are now available from the latest edition of the Charitable Giving Tax Service Analysis & Comment. To see the complete text, just click on the above link. Archived articles and the full 1200-page gift planning library are available at no charge, if you register and sign in to CGTS-Online using the link on this page.

•     Bequest Goes to the Dogs, Literally Original charity receives money, despite diminished nature of program.
•     Court Won’t Impose Trust on Capital Campaign Funds Contributions used for stated purpose prior to proposed sale.
•     Court Throws Cold Water on Deduction Taxpayers lacked qualified appraisal and contemporaneous acknowledgment.
•     Broadcasting, Publishing Not a “Church” Courts apply associational test to determine whether followers could worship communally.
•     Trust Gets Margin (Wake Up) Call Profits from debt-financed shares subject to tax on unrelated business income.
•     Legal Status of Organization No Impediment to Bequest Court may need to appoint trustee to oversee use of property.
•     Non-Qualified = Non-Deductible Organization wasn’t on IRS list of §501(c)(3) charities.
•     Missing Details Doom AppraisalCourt refuses to apply substantial compliance doctrine.
•     No Acknowledgment from the Collection Plate Donor had no substantiation for weekly cash gifts, gets no deduction.
•     Gallery Sales Generate Private Benefit Organization was not operated exclusively for exempt purposes.

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