William D. Samers, a nationally respected authority on charitable estate planning and an attorney, has joined UJA-Federation of New York as vice president, planned giving and endowments, announced Paul M. Kane, senior vice president, financial...
The latest comprehensive study of blockbuster donations confirms what charitable planning advisors know intuitively: Higher education gets the greatest number of mega gifts. Next come health/medical organizations, then arts/cultural groups, with...
Many would-be philanthropists struggle with choosing which charity will be on the receiving end of their giving. Complicating this choice is the fact that an organization that makes sense for your client right now might not be the optimal choice...
In Private Letter Ruling 200747001, issued Nov. 23, 2007, the Internal Revenue Service ruled that an inter vivos charitable lead annuity trust (CLAT) qualified as a grantor trust for income tax purposes. The ruling is both important and curious...
Sooner or later, you're going to get a call from a valued client that may put you in an uncomfortable situation. He will tell you that the Society for Preservation of Historically Significant Manhole Covers (an organization of which he is...
Thanks to the Internal Revenue Service for its help to the estate-planning and charitable-giving community, by publishing sample charitable lead annuity trusts (CLATs). This is a welcome benefit for us, because unlike charitable remainder trusts ...
New York's Lincoln Center, about to engage in a costly renovation of its symphony space, is refusing to assure the family of Avery Fisher that the auditorium will continue to bear Fisher's name despite the fact that Fisher donated $10.5 million in...
David T. Leibell and Daniel L. Daniels, partners in the Stamford, Conn., office of Cummings & Lockwood LLC, report: Private Letter Ruling 200733007 (issued Aug. 17, 2007) provides a road map on how to establish a qualified testamentary charitable...
To stop donors from abusing charitable remainder trusts (CRTs) by taking deductions when charities couldn't actually expect to receive anything, the Internal Revenue Service created both the 5 percent exhaustion and the 10 percent remainder rules...
David T. Leibell and Daniel L. Daniels, partners in the Stamford, Conn., office of Cummings & Lockwood LLC, report that planners have been buzzing for months about patents of tax strategies. First, the John Rowe case settled in March, 2007. Then...