International giving has been one of the fastest growing sectors in U.S. philanthropy in the past few years. We expect planners will continue to see wealthy clients interested in giving abroad despite the current global financial crisis and...
We are not sounding an alarm that there will be a collapse of charitable giving in 2009. Clearly, conditions are ripe for both an economic and philanthropic breakdown. We may suffer a worst-case scenario: the Dow Jones Industrial Average declining...
A recent Internal Revenue Service Chief Counsel Memorandum concluded that a trust could not claim a charitable income tax deduction after it had received taxable IRA distributions (that is, income in respect of a decedent or IRD)1 and then...
The Internal Revenue Service has issued a warning to certain sellers of charitable remainder income interests and to their advisors. In Notice 2008-99 (released on Oct. 31, 2008), the IRS has identified as a transaction of interest a certain type...
The wobbly economy and plunging stock market might cause some of your clients to start thinking less about charitable giving and more about charitable receiving. But for those not lining up at the local soup kitchen, the motivation to give to...
The IRA rollover to charity has been extended through 2009. Buried in the $700 billion banking bailout legislation (officially known as the Emergency Economic Stabilization Act of 2008) that was passed by Congress and signed by President George W...
With the rise of the commercial donor-advised funds (DAFs) during the past decade, traditional community foundations have sought to remain relevant by offering extra services to local donors and charitable organizations. A recent private letter...
In Revenue Procedure 2008-45, 2008-30 Internal Revenue Bulletin 224 and 2008-46, 2008-30 IRB 238 both issued July 24, 2008 the Internal Revenue Service provides sample forms for creating both testamentary and inter vivos charitable lead unitrusts ...
Environmental Defense Fund was founded in 1967 by a small group of citizens concerned about DDT's effects on wildlife and human health. Today, Environmental Defense Fund is one of America's most effective environmental advocacy groups. We are...