Of Counsel: Winton C. Smith, Jr., JD
Professional Partnerships: Hospice Philanthropy Group L.L.C.
Quotes for today: Don't judge each day by the harvest you reap, but by the seeds you plant. Robert Lewis Stevenson
Is your state one of the 22 states you do not want to die in?
Past issues of the Newsletter are available in the Newsletter Archives To subscribe to this newsletter click here
Leaders who truly embrace planned weave it into the fabric of their organization's everyday development activities. Constant attention inspires results.
Seminar: Sign Up for New Fall Professional
This seminar includes 100+ slides with real life gift examples on techniques, advisors can begin to use tomorrow in their practice.
The cost includes brochure handouts of the 2013 Federal Tax Pocket Guide and the Charitable Gift Planning Guidelines published by RR Newkirk.
Presentation cost will not exceed $3,500 which includes a $1,000 allocation for travel and business expenses. If travel costs are less, the extra is rebated. It includes E-mail or telephone follow up for all your professionals to the end of the year 2013.
Continuing education credit filings (CEUs) if desired are the responsibility of the sponsoring charity.
Limited dates are still available, call 910-295-6800 for further details or E-mail me.
Technical Tips: Donating mutual funds shares to charity…..More than $12 trillion is now invested in US mutual funds, nearly double the amount ten years ago. More and more individuals have appreciated assets in mutual funds, both personally and in retirement accounts. Mutual fund shares are increasingly the source of charitable gifts. Contributing mutual fund shares can be more complicated than the typical donation of individual securities.
For a paper on the proper transfer of mutual fund shares LINK
Marketing Moments: Let’s Tell a Story.....I was reading my alumni magazine for LaSalle University a few days ago and noticed a continuing full page spread entitled “Why I Give Back” (when on the development page click Why I Give Back on the left sidebar)
Then I received my copy of the Duke University Alumni magazine and noted a full page spread featuring a picture of a couple that recently completed a planned gift. It was followed up with a mailing of their “Legacy Giving to Duke” featuring four stories of supporters.
All of the above illustrate the power of stories of our supporters and mission. Individual stories will make your case for support come alive. They draw people in to further explore your legacy message and often see themselves in the stories of those you feature.
A good story….
Is short, easy to read and not too technical.
A good story isn't….
A detailed description of your charity and the
issues that you support.
Additional story telling resource.
Most trust donors want to retain control!....In a new June 2013 study "Estate Planning: Leveraging Wills, Trust, Donor Advised Fund, & Foundation to Transfer Assets & Values," Tiburon Strategic Advisors reveals that 3/4 of independent trust companies offer charitable consulting services and 2/3 offer foundation management services.
Among the report’s key findings:
•Nearly half of consumers die with less than $10,000
Position Openings: Director,
Major & Planned Gifts, Children’s Hospital Central California,
Madera, CA...... This is a senior position providing
the primary supervision of the major and planned giving program of this
large and dedicated children’s hospital organization and reports
directly to the Vice President, Foundation & Chief Development Officer.
Quickie Quiz answer.....click link to Forbes article
Gift Annuity Rate Charts.....The
American Council on Gift Annuities has announced new
If you would like a laminated rate chart for the most recent rates simply request one using the following E-mail request
News and Notes....
$1,000,000 is not weathly - Seventy percent of the 4,000 people surveyed with investible assets of $1 million or more do NOT consider themselves “wealthy” a report by UBS indicates. The UBS Investor Watch The report also found that four out of five survey respondents are either supporting adult children or elderly parents to some degree.
REAL ESTATE COMEBACK -
The median sales price of new homes sold nationwide in April 2013 hit
$271,600, the highest monthly
HOME PRICE VALUE - The median value of an owner-occupied U.S. Home in June 2013 was $186,200. (source: AARP Bulleting June 2013).
NOT PLANNED GIVING PROSPECTS
- Forty-five percent, or 38 million working-age households, do not have
any retirement assets,
RETIREMENT ASSETS HIGH
- According to the Investment Company Institute, U.S. retirement assets
increased 4.6% in the first quarter
EXCLUSIONS, DEDUCTIONS AND CREDITS
- Since the last major reform to the US tax code was passed in 1986 (i.e.,
27 years ago), Congress has implemented more than 15,000 changes to tax
rules (source: IRS).
TOP AND THE BOTTOM - For every US household that reports at least $250,000 of adjusted gross income, there are 11 households that report less than $25,000 of adjusted gross income. There are 2.8 million households in the “$250,000 and up” category. There are 30.3 million households in the “less than $25,000 category” (source: Census Bureau).
ALL THAT I NEED - Just 18% of American workers believe they should accumulate at least $1 million in savings and pre-tax accounts for their ultimate retirement needs (source: Employee Benefit Research Institute).
Kudos Corner - Celebrating gifts of all types and sizes
In this section I periodically highlight some recent gift expectancies and gift program elements I think will be helpful and informative, not all gifts are included.
Santa Fe Opera, Brian Dailey, Director of Planned Giving, has secured a $50,000 two-life charitable gift annuity for donors age 75 and 69, and 5 new Aria (Legacy Society) members
Chapters Health System, Tampa, FL, Sharon Jones, FAHP, VP for Development has secured two single life gift annuities each $10,000 for donors age 80 and 91
Gwinnett Medical Center Foundation, Lawrenceville, GA, Jason Chandler, President has secure 8 new members of their Legacy Circle, including the most recent additions: a bequest of $50,000 from donors both age 76 and being named a beneficiary of an initial $500,000 Charitable Remainder Unitrust
Spectrum Health Foundation, Grand Rapids, MI, Tara Werkhoven, Director of Planned Giving added 14 new members to their Art of Giving Society during the last fiscal year.
James E. Connell and Associates is a national consulting service devoted to increasing resources for charities using the power of charitable estate and gift planning techniques.
office: PO Box 3335, Pinehurst, NC 28374
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