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  Most of us are aware that IRS will disallow a claimed deduction for a noncash contribution in excess of $5k, other than marketable securities, unless it is supported by a “qualified appraisal.” But what exactly does that mean? When is an appraisal not “qualified”? Who is or is not a “qualified” appraiser? If the gift…

One year ago, many of you probably didn’t know there was even such a thing as a Zoom consultant.  And you probably had also never heard of Special Purpose Acquisition Company (SPAC), a Private Investment in Public Equity (PIPE) or a NonFungible Token (NFT).  Your donors/clients not only expect you to know what these vehicles…

What It Is, What It Isn’t, When It Works and When It Doesn’t With so much economic volatility over the last 15 years, charities are increasingly exploring reinsurance as a risk management strategy for gift annuities.  While it is a relatively simple concept, charities and advisors have erroneous preconceived notions about the viability of reinsurance…

The most recent donor data comes from 2018 where individual taxpayers reported noncash contributions totaling $83.5 billion, more than a third of all income tax charitable deductions reported that year. Nearly all of this was almost certainly unrealized long-term gain. As gift planners are aware, the tax Code provides strong incentives for contributions of appreciated property. The…

Happy New Year Everyone! I first have to say that I am glad we all survived 2020 (especially December!).  In 2020, we set records across all areas, and if we make it to tomorrow, will celebrate Charitable Solutions/Dechomai Foundation’s 18th year anniversary. Non-Cash Activity For the year: 97 non-cash donations were made, with a total value of…

Giving real estate is an impactful way to support a charity and provide tax benefits to donors. But it’s rarely a simple transaction. Often it carries thorny restrictions and issues that have to be resolved, AND almost every major gifts officer has a failed gift horror story they can’t shake from their memory. Most charities,…

As we enter the final months of this unusual year, we have seen strong support for charitable work across the country, and we still have the busy end-of year giving period ahead of us. It goes without saying that 2020 has been a challenging year and given the host of tax law changes over the…

The CARES Act, passed earlier this year for COVID-19 relief, includes incentives for charitable giving. For the 2020 tax year only, there are additional tax benefits for donating. Of particular interest is the increase of the adjusted gross income (AGI) limitation to 100%. Previously, deductions for cash donations were limited to 60% of AGI. Under…

This has been a difficult year by any metric. Planned giving may be far from many minds, but it can be particularly valuable for donors motivated to give during this trying time. Indeed, many of our charitable partners report significant upticks in grantmaking by their donors.   The first two months of 2020 were busier…