Trump

Time to get your planned giving act together!

Related imageBaby boomers getting older….

The wealth transfer is coming….

Blah, blah, blah.  The same old, same old and no real difference in the numbers for planned giving.  Right?

I know what I am about to say is self-serving (this is a blog and I’m constantly promoting myself and my services) but if you have a minute, read what I am about to write carefully.

The estate tax exemption just doubled (i.e. people can leave more to family estate tax free).  Bad for planned giving?

Wrong. Amazing for planned giving!!!

Why?

People with means are going to their estate planning attorneys.  Considering options. Redoing their estate plans.

How often does this happen with your typical planned giving prospect?  You usually have no idea unless someone tells you.

So, I am telling you this (from my estate planning practice – more than half of my business):  your wealthier donors are meeting with their estate planning attorneys NOW.

That means NOW is the time to make sure they are considering YOUR institution for some sort of planned gift!

In other words, you need to wake up your sleeping planning giving program. You need to train your staff (click here to see more on my upcoming training!). You need to put some budget towards planned giving.

Meaning: it’s time to get your planned giving act in order! The boomers will start moving on. There are a lot more of them than their predecessors and they actually have a lot of money.  Planned Giving will grow dramatically in the next few years.  You and your organization need to get ready!

Sorry – You may have missed our Donor-Friendly Webinar on the New Tax Law BUT you can register to receive the recording

On Jan. 22, we gave a Donor-Friendly Webinar Briefing on the New Tax Law (goal being that you can use the content for your own donor-friendly briefings and/or invite leadership to join the webinar).  This was the predominant request from among our 250 attendees to our initial briefing on the new tax law from last week (see below for comments on that session). 

CLICK HERE TO PURCHASE THE RECORDING OF OUR DONOR-FRIENDLY BRIEFING ON THE NEW TAX LAW

In addition to receiving the actual PowerPoint and the recording link, you will also receive draft donor-friendly pamphlet language – included with your registration. 

Here is our first comment:

After sitting in your Tax Bill Seminar, I knew today’s seminar was something I needed.  Unfortunately, I joined in late and didn’t download the presentation.  Can the presentation be emailed to me?  And, I’m definitely looking forward to the information coming out in “donor” language in the next couple of weeks.  Really appreciate your explanations and not the typical “sky is falling” hype we’ve been getting.

Thank you as always for considering our programs.

Our Tax Briefing on Monday (1/8/18) was also a huge success – over 250 attendees logged-in to hear key points for nonprofit fundraisers on the new tax law!  CLICK HERE IF YOU WANT TO PURCHASE THE RECORDING

Sampling of comments we received after Jan. 8 Tax Law Briefing for Nonprofit Fundraisers:

“Thanks for the webinar today. Any chance you’d be interested in holding a seminar for donors about how the new tax bill might affect their charitable giving.”

“Thanks for your excellent presentation!”

“Thank you for the presentation last week.”

“Nice job on the presentation today.”

“Thoroughly enjoyed and was educated by your webinar today.”

“Thank you so much for an informative session this morning!”

“Thanks so much for the webinar presentation today regarding the 2018 Tax Law changes — I found it to be very helpful.”

“Thoroughly enjoyed the presentation this morning and got a number of questions answered, plus good direction for the future with the 70 1/2s and their IRAs. Thanks!”

Last Call for Monday’s Donor-Friendly Webinar on New Tax Law

This Monday – Jan. 22 – at 12 pm EST, we are offering a Donor-Friendly Webinar Briefing on the New Tax Law (goal being that you can use the content for your own donor-friendly briefings and/or invite leadership to join the webinar).  This was the predominant request from among our 250 attendees to our initial briefing on the new tax law from last week (see below for comments on that session). 

CLICK HERE TO LEARN MORE OR REGISTER FOR OUR DONOR-FRIENDLY BRIEFING ON THE NEW TAX LAW

In addition to receiving the actual PowerPoint and the recording link, you will also receive draft donor-friendly pamphlet language – included with your registration. 

Thank you as always for considering our programs.

Our Tax Briefing on Monday (1/8/18) was a huge success – over 250 attendees logged-in to hear key points for nonprofit fundraisers on the new tax law!  CLICK HERE IF YOU WANT TO PURCHASE THE RECORDING

Sampling of comments we received after Jan. 8 Tax Law Briefing for Nonprofit Fundraisers:

“Thanks for the webinar today. Any chance you’d be interested in holding a seminar for donors about how the new tax bill might affect their charitable giving.”

“Thanks for your excellent presentation!”

“Thank you for the presentation last week.”

“Nice job on the presentation today.”

“Thoroughly enjoyed and was educated by your webinar today.”

“Thank you so much for an informative session this morning!”

“Thanks so much for the webinar presentation today regarding the 2018 Tax Law changes — I found it to be very helpful.”

“Thoroughly enjoyed the presentation this morning and got a number of questions answered, plus good direction for the future with the 70 1/2s and their IRAs. Thanks!”

Pease is gone!! What was that anyway?

The new tax plan eliminates the Pease limitations!  Did you even know it existed? Was it important?

“This provision, named after the late Congressman Donald Pease, reduceD the value of itemized deductions for high income taxpayers. It worked by reducing the value of a taxpayer’s itemized deductions by 3 percent for every dollar of taxable income above a certain threshold ($254,200 single; $305,050 married). The phase-out of the value of itemized deductions is capped at 80 percent of the total value of itemized deductions.”  Click here if you want to see a good blog post on it. (I made the quote in past tense)

Basically, Pease was a surtax on charitable giving for those around $250,000 and up!  (it impacted all deductions but the charitable deduction is the most discretionary of the deductions – the one someone at that income level may think twice about a larger gift (if notified by their accountant of the surtax).

Yes, it is so complex that I can’t remember how it was calculated (why bother figuring it out again now that it is gone!) BUT this change, as well as a bunch of other “goodies” in the new tax bill, may be big opportunities!!!

Want to learn more about opportunities for nonprofits (and some challenges) due to the new law?  THIS MONDAY AT NOON est, I AM GIVING A BRIEFING ON THE NEW LAW!!! CLICK HERE TO REGISTER – WE WILL BE GOING OVER 20 IMPORTANT CHANGES TO THE LAW THAT MAY HELP YOUR ORG RAISE MORE MONEY.