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DEBT: The Four Letter Word of Noncash Transactions
I would rather hear ANY four letter word than D.E.B.T. when discussing a noncash transaction. And a little known fact, Aretha Franklin’s original song line wasn’t “R.E.S.P.E.C.T… find out what it means to me”…. it was “D.E.B.T…. find out how unrelated business income tax and bargain sales will impact me.” I think she should have…
Read MoreNew & Improved with 10% More: An Overview of Our Charitable Gifts of Noncash Assets Book 3rd Edition
You asked for an upgraded sugar-free and gluten-free noncash asset resource and we have answered the call. I know what you are thinking: “Why couldn’t they have released this 491-paged noncash goodie prior to Valentine’s Day?” Keep in mind this has been the #1 noncash asset book gift for anniversaries, book clubs, summer reading, graduations, weddings…
Read MoreOne Shoe Dropping: IRS is Finally Stepping into the Donor Advised Fund Space
After 17 years of near silence, IRS has finally begun to issue proposed regulations interpreting and implementing legislation enacted in 2006 to “improve accountability” of donor advised funds. They have announced four regulatory projects, three of which will deal with excise taxes on “taxable distributions” and on “prohibited benefits” and “excess benefits” to disqualified persons, and one…
Read MoreSlippery Slopes: Should Donor Advised Funds Grant To or Receive Contributions From Hate/Discriminatory/Mission-Antithetical Groups?
If you don’t operate a donor advised fund, the answer is a millisecond, “Of course not!” If you do operate a donor advised fund, these issues come up more and more, and determining when to say, “Unfortunately, we aren’t going to accept an asset like that, or from that group or grant to that organization,”…
Read MoreReal Estate Investment to Real Estate Impact: Utilizing Delaware Statutory Trusts (DSTs) as a Charitable Giving Option
You may be familiar with the concept of donating real estate to maximize charitable giving potential, but have you considered what may be a more suitable option for disposition of your donor’s or client’s real estate asset-gifting through a Delaware Statutory Trust (DST)? Whether it’s an investment property, vacation home, or even commercial real estate, making…
Read MoreUnique Donor Investment Options: Concentrated Positions and Direct PE/Real Estate Investments in DAFs, SOs and LLCs
A few years ago, we began getting approached by donors, advisors, and other charities with an unusual question – if a donor gave us cash, could we use that to invest in a private investment opportunity? Or, how would we handle a concentrated public stock position? This question came up more and more often, and…
Read MoreExtreme Noncash Concentration in 2021 (New Research Report Released 7/23): The More Things Change, The More They Stay The Same!
Five years ago, our team conducted a 990 review on 2016-2017 noncash activity for the largest 100 charities nationally. We were beyond shocked at how few charities were actually receiving ANY noncash gifts, and that those who did, grew like crazy. This was a follow up to Dr. Russell James’ seminal research (“Cash is Not King”…
Read MoreTop Ten Noncash Post-Gift Considerations and Conundrums
The gift plan design, due diligence, ownership transfer is complete and the written acknowledgment is delivered to finalize the gift over the goal line… congratulations!!! Now you may want to “set it and forget it” to move on to the next project… or take a well-deserved vacation. Just when you thought it was safe to…
Read MoreCharitable Gifts of LLCs: The Good, the Bad and the Ugly
Just when you thought you knew how to donate an LLC interest, here comes all the permutations and complexity. I was so impressed with Reynolds Cafferata’s presentation on this topic at the national CGP conference last year, I was so glad when he agreed to reprise the talk for our May webinar. This presentation discusses…
Read MoreRevolutionizing Gift Planning with Chat GPT and Other Tech: Unlocking the Power of Practical Applications
“The Internet? We are not interested in it.” – Bill Gates, 1993. Precisely 30 years later Microsoft announces a new multibillion-dollar investment in ChatGPT-maker Open AI. Join us this month to explore the innovative ways in which artificial intelligence and other advanced technologies can be leveraged to enhance gift planning. Some of the key topics covered…
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