| eRate Newsletter |
November 20, 2014 |
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IRS Discount Rate: December 2.0%
The valuation rate for gifts to new pooled income funds
in 2015 is 1.2%. |
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FEATURED ARTICLE: Is Your Donor Too Old to Make a Planned Gift?
 Age is a relative concept: in many cases, a very elderly donor can establish or modify a planned gift without problem; conversely, there are all sorts of reasons a much younger person should not make a planned gift. Nevertheless, the older a planned giving prospect is, the more certain issues, such as legal capacity and the magnitude of his income tax deduction, come into play.
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IN THIS ISSUE |
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Quick Tip: How To Set Up Users in PGM Anywhere
PGM Anywhere, the new version of Planned Giving Manager (PGM) optimized for tablets, is web-based, which means that users need to log in to use the software.
One current user at each organization is designated as the primary administrator for PGM Anywhere, and that user is set up by PG Calc. All other users are set up by the primary administrator in a few easy steps:
1. Login to PGM Anywhere
2. Tap Users in the icon ribbon at the top of your screen.
3. Tap User Management on the left navigation panel.
4. To add a user, tap the green Add icon and complete the User Information screen. The number of active users you can enter matches the number of current PGM licenses at your organization.
5. Each added user will receive emails with login information and, separately, a temporary password. A new user is prompted to change his password to one of his own choosing the first time he logs in.
Notes:
To change the person designated as the primary administrator for your organization, check the Access level: Primary Admin box on the user information screen for the new administrator.
You control how much access to give a user by assigning her a Role. Add additional Roles as needed by tapping the green Add icon in Users -- Roles and completing the Add Role Information screen.
Tap the “?” icon at the top right of your screen for Help on setting up users.
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2015 Webinar Schedule Announced
PG Calc Webinars bring the skill and experience of PG Calc’s consultants and carefully selected guest presenters to your office at a very affordable price! Each monthly Webinar delivers the most up-to-date knowledge and insights on important gift planning topics.
We're excited to feature Kathryn Miree, President of Kathryn Miree & Associates, Sara Elward, Manager of Gift Planning at KCTS, Elaine Eberhart, Associate Chair of Gift Planning at the Mayo Clinic, and Chuck McClenon, Fundraising Scientist at the University of Texas at Austin on our roster of guest presenters next year. To view our full 2015 schedule or register, click the link below.
View the full 2015 schedule >>
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Updated Gift Annuity Manual Available Soon
 The latest version of Charitable Gift Annuities: The Complete Resource Manual in its print format is being readied for shipment, with the electronic counterpart set for release by early December. For 15 years now, charities, advisors, and financial institutions have turned to this comprehensive work as a reliable source of information and ideas regarding all aspects of gift annuities. Don’t have your own manual yet? To find out what you’ve been missing and place your order, call 888-497-4970 or click the link below.
Read more >>
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Status of the IRA Charitable Rollover
For much of 2014, bills have been pending in both houses of Congress that would renew the ability of donors age 70-1/2 and older to make “qualified charitable distributions” directly from their traditional and Roth IRAs to certain charitable recipients. Now that the election is over, this languishing legislation may soon be acted upon. PG Calc will be monitoring developments closely. In the meantime, all of the points we made in an eRate featured article at the beginning of the year continue to be valid here as the year draws to a close.
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State Reserve Rates Updated in GiftWrap
The Florida, Hawaii, Maryland, New Jersey, New York, and Washington maximum reserve valuation interest rates for charitable gift annuities (CGAs) funded in 2014 have been updated in GiftWrap 4.0. These rates are used to compute charitable gift annuity reserves. The State Reserve Percentages for 2014 have been installed by PG Calc, so no action is needed on the part of hosted GiftWrap clients. Enterprise GiftWrap clients should have received an update file from PG Calc in early November.
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Entire Miami University Development Staff Gets Value From PG Calc Webinar Series
Jayne Whitehead, Senior Director of Development at Miami University, regularly views PG Calc Webinars. She found their content so valuable, she wanted to spread the word:
We initially purchased the monthly Webinars for our gift planning staff. But they provided such practical advice and substantive information, we extended an invitation to our entire development staff. The PG Calc programs provide a base of information for everyone, allowing the gift planning staff to then discuss how the techniques are best deployed for our constituency. It's a wonderful combination for all of our continuing education!
Learn more about Miami University >>
Learn more about PG Calc Webinars >>
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Valuation Rate For New Pooled Funds Will Be the Lowest Ever in 2015
The interest rate used to compute the charitable deduction for gifts made to pooled income funds that are less than three tax years old will be just 1.2% in 2015. The new rate is the lowest rate for young funds since the charitable pooled income fund was defined in the Tax Act of 1969, breaking the previous record low of 1.4% that applied in 2014. The lower the valuation rate, the higher the charitable deduction for a gift to a pooled income fund, so gifts to young pooled income funds will be extraordinarily high next year. Once a pooled income fund is three or more tax years old, the valuation rate for gifts made to it is based on its actual rate of net income over the prior three years.
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