PG Calc Blog

Gift Planning and the Inflation Reduction Act of 2022

Published by Jeff Lydenberg on Aug 15, 2022 5:00:00 AM

Bernie Sanders has been the butt of some memes, but the picture above may summarize the exhaustion around the Inflation Reduction Act of 2022. Senator Sanders was taking a break from the Vote-a-Rama during passage of the bill in the Senate. The measure passed the Senate and House and was signed into law by President Biden on August 16, 2022. The legislation represents a major shift in healthcare, climate, and taxation policy. What, if anything, does the bill mean for gift planners? Directly, it doesn’t mean much. Indirectly, the law may affect some donor behavior, which is something gift planners should consider.

Gift Planning Reduction Act of 2022, charitable giving and taxes, gift planning

2 minute read

The Deferred Gift Annuity Surprise

Published by Jeff Lydenberg on Aug 11, 2021 5:00:00 AM

I found a recipe for Cherry Surprise Cookies. The surprise is a nugget of chocolate inside the cookies. Like these delicious-sounding cookies, deferred gift annuities can come with a surprise. The surprise can be pleasant like chocolate or dreadful, as in losing lots of money.

gift annuity payments, deferred gift annuities, gift annuity agreements, charitable gift annuity, launching a gift annuity program

3 minute read

The Infrastructure Investment and Jobs Act of 2021 Doesn’t Signal Much Change for Donors

Published by Jeff Lydenberg on Aug 3, 2021 5:00:00 AM

A bipartisan group of ten Senators announced agreement to the “Infrastructure Investment and Jobs Act” late Sunday, August 1, 2021, and the Senate has agreed to proceed to consider the proposed legislation. The bill includes new federal investments for hard infrastructure, such as roads and bridges, broadband internet, transit, and electric utilities. A Senate vote on the bill could take place "in a matter of days," according to Senate Majority Leader Chuck Schumer. The Senate’s summer recess is scheduled to start August 9.

Infrastructure Investment and Jobs Act, charitable giving and taxes, charitable income tax deduction, capital gains tax rate, Cryptocurrency

1 minute read

2020 is Almost Over (Phew!) and the CARES Act is Expiring

Published by Jeff Lydenberg on Nov 9, 2020 5:00:00 AM

The CARES Act and 2020 Charitable Tax Benefits Legislation known as the CARES Act introduced significant incentives to stimulate charitable giving in response to the Covid-19 pandemic. Some of those important tax incentives expire on December 31, 2020. Your donors will need to act quickly to take advantage of these tax-smart ways of giving before they are gone. Listed below are the most significant provisions applicable to charitable giving included in the CARES Act.

working with donors, impact of tax changes on charitable giving, charitable giving and taxes, planned giving marketing, IRA Charitable Rollover, gift planning, CARES Act

2 minute read