| eRate Newsletter |
June 20, 2014 |
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IRS Discount Rate: July 2.2%
The valuation rate for gifts to new pooled income funds
in 2014 is 1.4%. |
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FEATURED ARTICLE |
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Peaceful Surrender:
Charitable Contributions of Life Interests
 The beneficiary of the life interest in a planned gift is typically free to end the arrangement ahead of schedule by letting the charity become the new owner of the interest in question. Read on to learn more about having a happy ending earlier than expected. This month’s article includes necessary details to be addressed for different types of planned gifts, along with some tips on “popping the question.”
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IN THIS ISSUE |
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QUICK TIP: Once Is Enough for CashTrac
 Some calculation functions in GiftWrap can be run multiple times without ill effects, but CashTrac is not one of them. Located in the Actions menu, the CashTrac CGA Market Values function computes and records new market values as of a specified date for all gift annuities in the selected gift annuity pool.
You input the balance of the annuity account and CashTrac calculates a new market value for each gift by adjusting each gift’s previous market value based on payments the gift has made and the investment return the gift’s assets have earned between valuation dates. Upon completion of the routine, a new market value is saved in each gift screen.
The computation is complex and cumulative, so if CashTrac is run more than once for a given valuation period, the resulting market values will be inaccurate. If this has occurred, market values need to be rolled back to a valid starting point and brought forward valuation period by valuation period. Running the CashTrac routine at irregular intervals can also produce unpredictable results. The recommended approach is to update your CGA CashTrac market values quarterly at the end of each calendar quarter. Watch for more on CashTrac CGA Market Values in upcoming issues of the eRate newsletter.
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Craig Wruck to Present Fundamentals of Planned Giving Webinars Starting July 16
Craig Wruck will be presenting his Fundamentals of Planned Giving course in a series of four weekly PG Calc Webinars starting on Wednesday, July 16. Craig did a great job presenting his course for us 18 months ago, and we’re thrilled to have him back! The series will include extensive written materials to accompany Craig’s live presentations, plus ample opportunity to ask Craig questions.
Craig’s course is an economical and convenient way to provide excellent training to your organization’s planned giving staff, major gift officers, annual giving officers, interested board members, and anyone else who would benefit from a familiarity with the basics of planned giving. The cost is just $275 per site for the series, which includes all four 90-minute live sessions and handouts. Any number of persons may attend at a site for no additional cost.
Friday, June 20 is your last day to register and get $25 off your next PG Calc Webinar!
Learn more or register
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Where's Your "Why?"
A Simple Rule for Planned Giving Marketing
 A lot of you enjoyed hearing guest presenter Karen Osborne at our April Webinar on "Strategic Storytelling." Ann McPherson highlights a key takeaway from the Webinar in this month's Marketing Corner. Lead with your "why" story for improved engagement. Read more on the blog
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PG Calc’s Planned Giving Expertise
in a Searchable Database!
 We pride ourselves on providing as much useful planned giving information as possible to our clients. And now we have expanded the ways we can provide this information to you. In addition to the comprehensive Help sections in our software, and our eRate and PG Calc-U-Letter newsletters, we have added a searchable database to our website. The KnowledgeBase includes articles on a wide variety of planned giving topics. Some are short, others long, whatever the topic requires. The KnowledgeBase is easily searchable so that you will find what you are looking for quickly.
To access the KnowledgeBase, go to http://kb.pgcalc.com/. We encourage you to bookmark this page for easy reference. You also can access the KnowledgeBase anytime under Support at www.pgcalc.com.
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Come to Group Training in Boston this Summer!
We will be offering our Gift Planning with Planned Giving Manager and Gift Administration with GiftWrap group training sessions in Boston and Cambridge, respectively, in August. These sessions provide a solid foundation for individuals who are new to planned giving and gift administration. These classes may also serve to reinforce the skills and knowledge of experienced gift planners and administrators. We hope you’ll join us. August is a great time to visit Boston!
August 4-5
Gift Planning with Planned Giving Manager
Introductory & Advanced
Boston Common Hotel & Conference Center, Boston, MA
August 6-7
Gift Administration with GiftWrap
Basics & Reporting and Analysis
PG Calc’s Cambridge Office, Cambridge, MA
For more information or to register
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AHA Enjoys the Benefits of Its
 Custom PGM Gift Annuity Agreements
The American Heart Association’s Charitable Estate Planning Department has for many years used PG Calc’s Planned Giving Manager (PGM) to create the AHA’s charitable gift annuity agreements. A number of years ago, the AHA asked PG Calc to create a custom version of the PGM agreements that would include the AHA’s preferred language in select spots.
Sherry Loera, Project Coordinator for the AHA’s Charitable Estate Planning Department comments, “There was a time prior to having the customized agreements that creating agreements out of PGM wasn’t quite so quick and simple. In fact, while PGM could produce standard agreements, there were many changes we had to make to each new one.
“When we first started producing agreements using the customized agreements created for us by Bill Laskin at PG Calc, we instantly realized how much time we were going to save creating them. In addition, we felt more at ease knowing our agreements would automatically include all of each state’s mandatory guidelines. Bill recently updated our customized gift annuity agreements to include the latest changes for the State of Wisconsin.”
PG Calc has created hundreds of custom agreements and other narratives for PGM clients over the years that help them do their work more accurately and efficiently. If there is a PGM standard narrative that you would like customized for your organization, or a completely new document that you would like to produce from PGM, such as an internal gift memo or a thank you letter, please contact Bill Laskin at bill@pgcalc.com or 888-497-4970.
Learn more about American Heart Association.
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