In September the Internal Revenue Service proposed a controversial amendment to the federal tax code that would require nonprofits to track donor social security numbers for any gift exceeding $250...
The world’s ultra wealthy gave more than $112 billion to philanthropic endeavors in 2014, with the typical donor giving $28.7 million in his or her lifetime, according the 2015 philanthropic report from Wealth-X and Arton Capital. U.S. ultra...
A charitable gift is considered made on the “date of delivery.” Knowing that date is important. It determines: (1) the tax year in which the gift is deductible; (2) the value of the gift for assets that fluctuate in value ...
For richer for sure. | armari36/iStock/Thinkstock
While high-earning men don’t make more money around the time they marry, their earnings grow throughout the lifetime of the marriage, according to research by Jonathan Marc Bearak, who got his ...
My 2015 columns illuminated the financial planning capabilities of charitable life income gifts. Charitable remainder trusts (CRTs) and charitable gift annuities (CGAs) can improve the cash flow of the philanthropically minded client as part of a...