Planned Giving

Introduction to Donor Advised Funds Donor advised funds (DAFs) are a rapidly-growing giving tool:  DAF assets nearly doubled from 2015 to 2019.  They provide flexibility in the timing of the charitable deduction, the timing of the ultimate charitable gift, and the selection of investment approach.  Furthermore, they are accessible to many donors and offer several…

Has your charity’s gift annuity program gone stale? When was your last charitable gift annuity (CGA) written? In the current economic environment, some charities are busier than ever writing new gift annuities. The donors are excited about gifting funds to their favorite charity, receiving a charitable deduction, and receiving lifetime payments at the same time.…

Why would a donor want to create a testamentary charitable gift annuity (CGA)? In the past the reasons to create a testamentary CGA were simple – provide for someone like a caregiver with guaranteed retirement income, assist a child or grandchild with poor money management skills, or bless a family friend with retirement or lifetime…

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) offers important relief for retirees; most notably, Required Minimum Distributions (RMDs) from retirement accounts are suspended for 2020. Is my 2020 RMD included in the CARES Act relief? The CARES Act waives the 2020 RMD from various retirement accounts including 401(k), 403(b), and governmental…

Do something today that your future self will thank you for. -Sean Patrick Flanery Everyone likes flexibility when it comes to financial planning for the future. Charitable gift annuities allow donors to make a gift to a charity, receive an income tax deduction, and receive income for their lifetime. The flexible deferred gift annuity allows…

The American Council on Gift Annuities (ACGA) recently announced that the suggested maximum payout rates will increase for new charitable gift annuity contracts issued beginning July 1, 2018. Since the rates have not changed since 2012, charities are very encouraged by the increase in payout rates. The suggested maximum payout rates of contracts already in…

Here is a boy with five small barley loaves and two small fish, but how far will they go among so many? -John 6:9   One of Jesus’s most well-known miracles is the feeding of the 5,000.  This event is inspiring on many levels:  His concern for meeting the needs of the people, the experience…

Everyone loves top ten lists. David Letterman perfected the use of the top ten list in his late night shows. Below is a list of the top ten oversights we have seen with charitable gift annuities. Hopefully your organization has never been a participant in anything on this top ten list. Oversight #1: A charitable…

Cornerstone Management is a Registered Investment Advisory firm located in Atlanta, Georgia. For more than 25 years we have provided a turnkey solution for the investment management and administration of planned gifts. We recently conducted an informal survey among our network of clients to see if charitable gift annuity donors also contribute to the issuing…

Reviewing your gift annuity program periodically to ensure that your organization is compliant with state registration regulations is essential. Many organizations believe they are registered to issue gift annuities in a state because the organization is registered to solicit charitable donations in that state. However, the statutes for the issuance of gift annuities are different…