Cornerstone provides gift document review, estate design analysis, and planned gift viability studies.
Our Team of Estate Planning Consultants
Cornerstone’s planned gift consulting services can benefit any professional inside your organization working on fundraising or building relationships with major donors. Cornerstone acts as an estate planning consultant, working alongside nonprofit teams to evaluate various gift opportunities. Our planned giving consultants work closely with other estate planning financial advisors to determine the best possible gift arrangement for your donor. Cornerstone has helped our clients in setting up hundreds of deferred gift arrangements. Our experience allows us to fully support your team and increase the probability of gift consummation.
Our Team of Estate Planning Financial Advisors
Any professional inside your organization working to fundraise or build relationships with major donors can benefit from Cornerstone’s planned gift consulting services. Cornerstone acts as an estate planning consultant by coming alongside nonprofit teams to evaluate various gift opportunities. We work closely with other estate planning financial advisers to determine the best possible gift arrangement for your donor. We have assisted our clients in setting up hundreds of deferred gift arrangements. This experience allows us to fully support your team and increase the probability of gift consummation.
The Gift and Estate Planning Process
In most cases, the nonprofit’s fundraising personnel suggest a particular gift arrangement. After the introduction, the donor’s attorney and other estate planning financial advisors may create an estate design that includes the recommended gift arrangement. Our team works directly with the nonprofit’s staff, the attorney, and other estate planning financial advisors to review the plan and to determine if the gift arrangement is structured properly.
A charitable trust, pooled income fund, gift annuity, or another type of split interest gift can be quite complicated. Cornerstone has a wealth of experience with such gifts which will help avoid common mistakes. Our thorough review of the plan prior to consummation helps ensure that the gift arrangement will fulfill the donor’s objectives and further assist your organization in choosing a major planned gift.
The Gift and Estate Planning Process
In many cases a particular gift arrangement is suggested by the nonprofit’s fundraising personnel. Following the introduction, the donor’s attorney and other estate planning financial advisers may create an estate design which includes the recommended gift arrangement. Cornerstone’s team works with the nonprofit’s staff, the attorney, and other estate planning financial advisers to review the plan and to determine if the gift arrangement is properly structured.
A gift annuity, charitable trust, pooled income fund, or other type of split interest gift can be complicated. Our experience with such gifts can help avoid common mistakes. Our thorough review of the plan prior to consummation helps ensure that the gift arrangement will fulfill the donor’s objectives and further assist your organization in closing a major planned gift.
Gift Arrangement Tax Treatment
Each gift arrangement carries a unique form of tax treatment with it. When it comes to a gift annuity, a portion of the gift’s income distribution is treated as ordinary income, and a portion is treated as return of principal. Additionally, the donor receives a tax deduction for the portion of the contract that is treated as a gift. A charitable trust is similar, but it is subject to a “four tier” definition of income.
Cornerstone’s administration team is made up of experts with the tax treatment of each vehicle, and our team will generate the necessary forms to reflect the proper taxation of these vehicles to the donor. In each case, our team members support and bolster the efforts of the nonprofit’s development staff. Cornerstone is here to help complete tax forms, address any tax related questions, and explain the various deduction calculations to the appropriate staff members or in some cases, directly to the donor.
Gift Arrangement Tax Treatment
Each gift arrangement carries with it a unique form of tax treatment. In the case of a gift annuity, a portion of the gift’s income distribution is treated as ordinary income, and a portion is treated as return of principal. Additionally, the donor receives a tax deduction for the portion of the contract that is treated as a gift. A charitable trust is similar but is subject to a “four tier” definition of income.
Cornerstone’s administration team is familiar with the tax treatment of each vehicle, and our team generates the necessary forms to reflect the proper taxation of these vehicles to the donor. In each case, our team members support and bolster the efforts of the non-profit’s development staff. Our team is there to help address tax related questions, complete tax forms, and explain the various deduction calculations to the appropriate staff members or in some cases, directly to the donor.
The Best Estate Planning Consultants for Your Organization
Cornerstone’s team of professionals provides specialized gift training to nonprofit organizations’ staff members and other members of the planned gift consulting community. We work with other faith-based nonprofit estate planning advisors to train nonprofit teams on the various types of planned gifts and the associated taxation. Cornerstone also assists in identifying different gift opportunities and prepares organizations to guide a donor through the process of incorporating a planned gift into the donor’s estate plan.
The Best Estate Planning Consultants for Your Organization
Our team of professionals provides specialized gift training to non-profit staff members and other members of the planned gift consulting community. We work with other faith-based estate planning advisers to train non-profit teams on the various types of planned gifts and their taxation. We also assist in identifying various gift opportunities and prepare organizations to guide the donor through process of incorporating a planned gift into the donor's estate plan.
Whatever your financial need, Cornerstone Management connects you with a team of professionals who will help your organization grow and thrive.