Professional Advisors' Guide to Planned Giving: 2003 Edition

Professional Advisors' Guide to Planned Giving offers practical advice on the wide range of issues that arise for charities implementing a planned giving program and for donors making charitable gifts. This book provides practical guidance for all professionals advising donors or charities on financial issues and charitable giving. The 2006 Edition of Professional Advisors' Guide to Planned Giving provides the legislative, regulatory, and judicial developments that are most important to professionals concerned with tax-exempt organizations. The latest developments include: · Full text updated to reflect most recent IRS Letter Rulings, Revenue Rulings, and Notices · Expanded section on building nonprofit endowments · Discussion of changes to Uniform Management of Institutional Funds Act (UMIFA) found in 2005 draft of National Conference of Commissioners on Uniform State Laws · Updated figures from the Giving USA 2005 report on U.S. giving from the American Association of Fundraising Counsel Foundation · Updated state by state figures showing number of returns, return with itemized deductions, return with charitable deductions, and dollar value of charitable deductions from IRS Statistic of Income Bulletin · Updated database, software, and publications vendor lists · Updated section incorporating recent changes in vehicle and patents/intellectual property laws instituted in The American Jobs Creation Act of 2004 for nonprofits and donors · New gift substantiation requirements under The American Jobs Creation Act of 2004 · Next section focusing on current issues involving charities and life insurance including charitable reverse split-dollar, dead pools, and investor owned life insurance (IOLI) · New ruling requiring spousal disclaimer for valid charitable remainder trust in states where probate law permits allocation to marital share · Details on gift annuities at the institutional level from the most recent survey of · Expanded section on legislative oversight of charities and charitable giving · The American Council on Gift Annuities · Current calculations and examples