Links

Want to Calculate Your Organization’s Bequest Potential? Click this link.

Want to Calculate Your Organization’s Bequest Potential? Click this link.

Try it!  A cool web application from Greg Warner (Market Smart) and Michael Rosen (ML Innovations, Inc.).

It projected between $22 million to $94 million in charitable bequest dollars for a client of mine with 15,000 active donors.

After trying it, come back let everyone what you think!

The First Planned Giving Movie?

The First Planned Giving Movie?

Click here or the above link and see for yourself.

This is going too far, even for me.  Yes, the Huguette Clark story made for some interesting planned giving blog posts and real estate articles, but a movie?

If you search my old blog posts on Ms. Clark, yes, you will see the FBI got involved (over a stolen painting) and you will even see references to decadent descendants of a once very rich family – scraping together a lawsuit to squeeze out 10% of the estate for themselves (a clear indication that they really didn’t have a decent case).  Lots of other stories but no real drama.

Will keep all Planned Giving fans updated on this one.

$60 million dollar bequest!

$60 million dollar bequest!

JNF, the recipients of this huge bequest (click link under the title to see article), are known in planned giving circles as having one of the best (and most aggressive) charitable gift annuity programs in the country.  The reality is that bequests and charitable gift annuities go hand in hand – promotion of both as well as other planned giving options all build on each other so it’s no surprise to see such a large bequest come their way.   

Huguette Clark’s $300 million copper fortune is divided up: Here’s the deal

Huguette Clark’s $300 million copper fortune is divided up: Here’s the deal

The final verdict on the Huguette Clark “planned giving” drama:  Her long lost relatives were ONLY out for the bucks from day one of this story and had the slimmest chances of winning.  The proof:  they accepted a paltry settlement for approximately 10% of the estate; if they had anything worthwhile, it would have been much more.  

As for my old employer – Beth Israel Medical Center – they get their $1 million bequest but could still face attacks for charitable gifts they received.  Pretty bitter sweet as their legal costs may be more than that and the institution did everything possible to ethically deal with Ms. Clark.

If you read the article, notice what the attorneys get and who pays!!!  That the is the story behind the story.  Us attorneys love estate litigation.  It just happens that it is “tax-wise” for the estate to pay everyone’s attorney fees.  Such cases would never happen if the challengers of the will had to risk actually having to pay their own attorneys.  What a sham!