Chapter 1 Engaging in Philanthropy 1 --
Philanthropy in the United States 1 --
Who Are the Nation's Past and Future Donors and Where Do You Fit In? 2 --
Donor Motivations: Why Make a Gift? 4 --
Chapter 2 Selecting a Charity to Benefit from Your Philanthropy 15 --
501(c)(3) Charities 17 --
What Does Philanthropy Mean to You? 18 --
Chapter 3 About the Charity 25 --
President/CEO/Chancellor 26 --
Vice President for Development (Advancement) 28 --
Board of Trustees (Directors) 28 --
Gift Accounting and Processing 33 --
Charity's Gift Review Committee 33 --
Charity's Investment Policies 34 --
Charity's Portfolio 34 --
Separately Invested Endowed Funds 35 --
Spending Provisions 36 --
Management Fees and Expenses 36 --
Chapter 4 Professional Advisors, Family Members, and Your Philanthropy 39 --
Professional Advisors 39 --
Stockbroker/Mutual Fund Companies 41 --
Certified Public Accountant 41 --
Development/Planned Giving Professional 42 --
What to Ask When Selecting an Advisor 43 --
Charitable Giving and Family Dynamics 45 --
Working with Friends and Mentors 45 --
Chapter 5 How Will the Gift Be Used? Endowed Funds 47 --
Creating an Endowed Fund 52 --
Financing Your Endowed Fund 55 --
Mechanics of a Fund Description 56 --
Chapter 6 Types of Charitable Gifts 61 --
Making the Right Decision 68 --
Chapter 7 Basic Income Gifts: Charitable Gift Annuities, Deferred Gift Annuities, and Pooled Income Funds 71 --
Charitable Gift Annuities 72 --
Deferred Gift Annuities 77 --
Pooled Income Funds 80 --
Gifts to a Minor and the Uniform Transfer to Minors Act 89 --
Gifts to a Minor and a Minor's Trust 90 --
Revocable Inter Vivos Trust (Living Trust) 90 --
Charitable Remainder Trusts 92 --
Qualified Terminable Interest Property (QTIP) with Remainder to a Nonprofit 103 --
Charitable Lead Trusts 104 --
Nongrantor Charitable Lead Trusts 104 --
Nongrantor Charitable Lead Annuity Trusts 105 --
Nongrantor Charitable Lead Unitrust 106 --
Chapter 9 Gifts Through Your Estate 109 --
Tax Law and Charitable Gift Planning 110 --
Suggested Language for Charitable Bequests 113 --
Legally Binding Documents for Bequests 116 --
Property Held Out of State
Chapter 10 Incorporating Charitable Giving and Retirement 121 --
Using Planned Giving Vehicles to Assist in Retirement Planning 122 --
Retirement Vehicles for Charitable Giving 125 --
Tax Consequences of Charitable Gifts of Retirement Accounts at Death 126 --
Types of Retirement Plans 126 --
Ways to Transfer Retirement Assets to a Charity 127 --
Chapter 11 Private Foundations, Supporting Organizations, and Donor-Advised Funds 133 --
Private Foundations 134 --
Supporting Organizations 138 --
Donor-Advised Funds 142 --
Chapter 12 Gifts of Securities 149 --
Securities Held by the Donor's Stockbroker or Banker 150 --
Securities Gifted Via DTC 150 --
Securities Held in the Donor's Possession 151 --
Donor Wishes to Give Part of a Stock Certificate 151 --
Your Charitable Income Tax Deduction 153 --
Gifts from Dividend Reinvestment Plans 154 --
Series EE and HH Bonds 155 --
Gifts of Shares of a Mutual Fund 156 --
Closely Held Stock 157 --
Valuation of Closely Held Stock 157 --
Restrictions on Transfer 157 --
Gift of Closely Held Stock
An Arm's-Length Transaction
Closely Held Stock and Debt 158 --
Transfer to a Charitable Remainder Unitrust 158 --
S Corporation Stock 159 --
Chapter 13 Gifts of Real Estate 163 --
Factors to Consider 164 --
Outright Gifts of Entire Property or Fractional Interest 165 --
Gift of a Personal Residence or Farm with a Retained Life Estate 166 --
Gifts of Real Estate to Fund Charitable Gift Annuities 167 --
Charitable Deferred Gift Annuity 167 --
Gift of Real Estate to a Charitable Remainder Unitrust 168 --
Conservation Easements 171 --
Chapter 14 Gifts of Noncash Assets: Tangible Personal Property, Intellectual Property, and Inventory 175 --
Frequently Asked Questions 175 --
Tangible Personal Property 175 --
Definition of Tangible Personal Property 176 --
Transfer of Personal Property 176 --
Gift of a Future Interest in Tangible Personal Property 179 --
Tax Considerations for Gifts of Noncash Assets 182 --
Substantiation Requirements 184 --
Gifts of Art Worth $25,000 or More 185 --
Tax Deductibility of Appraisal 185 --
Chapter 15 Gifts of Life Insurance 187 --
Ways to Use Life Insurance 188 --
Charitable Income Tax Deduction for an Outright Gift of a Paid-up Policy 189 --
Outright Gift of a Partially Paid-up Life Insurance Policy 189 --
Charitable Income Tax Deduction for a Partially Paid-up Policy 190 --
Charitable Income Tax Deduction When Donor Makes Premium Payments 190 --
Short-term Endowment Policies 190 --
Insurance Used in Asset Replacement Arrangements 191 --
Funding a Charitable Remainder Net Income Unitrust/Flip with Life Insurance 192 --
Reporting Requirements 192 --
Chapter 16 Tax Consequences of Charitable Gifts 195 --
Frequently Asked Questions 195 --
Federal and State Income Taxes 196 --
Deductibility of Tangible Personal Property 199 --
Acceleration of Deduction and Alternative Valuation 200 --
Deduction Reduction Provision 201 --
Pledge and Promissory Note 201 --
Benefits to Donors 201 --
Ordinary Income Reduction Rule 202 --
Income in Respect of a Decedent 203 --
Deductibility of Charitable Contributions for Business Organizations 204 --
Capital Gains Taxes 206 --
Federal Estate and Gift Taxes 207 --
Legislative Proposals 208 --
Gift Tax Annual Exclusion 208 --
Payments for Tuition and Medical Bills 208 --
Gifts by Husband and Wife/Unlimited Marital Deduction 209 --
Streams of Income and Gift Tax Consequences 209 --
Sale of a Personal Residence 211 --
Gifts of Real Estate Subject to a Mortgage 211 --
Tax Implications of a Bargain Sale 211 --
Substantiation Requirements 212 --
Chapter 17 Consumer Issues and Charitable Giving 217 --
Philanthropy Protection Act of 1995 217 --
Truth in Philanthropy 218 --
Donor Rights: The Planned Gift Should Be Compatible with the Donor's Goals 219 --
Charity's Responsibilities 221 --
Unfair and Deceptive Practices 222.
