Recurring Problems In Charitable PlanningRecurring Problems In Charitable Planning

Planned giving officers for charities, lawyers and other professionals who advise individuals who make significant gifts to charity often encounter stumbling blocks regarding the charitable planning around the donation.

“Significant gifts” are large gifts and often involve trusts, such as charitable remainder trusts (CRTs), and naming rights, such as the donor’s right to have their name placed on some physical structure.

It’s fairly well known that the federal tax law affords “carrots” to individuals who make such gifts, such as the ability to claim a federal income tax charitable deduction. Less well known is that the federal tax law imposes “sticks,” such as denial of a charitable deduction, to donors who don’t comply with an array of hi...