| eRate Newsletter |
January 24, 2014 |
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IRS Discount Rate: February 2.4%
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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A Post-IRA Charitable Rollover Survival Guide
 The sun has now set on the IRA charitable rollover for the fourth time. Naturally, we all hope it will soon rise again, ideally in a permanent fashion and with a new brilliance that shines not only on outright transfers but also on life income arrangements. Nevertheless, by no means should we regard ourselves as having been plunged into darkness. On the contrary, we continue to have a number of options we can – and should – be encouraging donors to consider.
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IN THIS ISSUE |
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Quick Tip: Showing the ACGA Rate Table Name is Optional for Most PGM Charts
Planned Giving Manager 7.0 (PGM), released last month, can select default annuity rates automatically from the American Council on Gift Annuities (ACGA) rate table in effect on the date of gift. Since PGM can choose the ACGA rate table for you, we added the name of the selected rate table to all summary and comparison charts. For clients who prefer not to include this specialized information on these charts, we also added an option to suppress it.
To limit the appearance of the ACGA rate table name to Actuarial charts only:
- Choose Customize – Calculation Options
- Choose Gift Annuities
- Click Next twice
- Change “Show gift annuity rate table name on summary and comparison presentations” to No
To save your configuration change so that it applies to future sessions:
- Choose File – Save Configuration
- Click Save
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Update: Wisconsin Gift Annuity Legislation, and What It Means for Annual Reporting
In November we let you know about pending legislation that would make significant changes to Wisconsin’s gift annuity regulations. At that time, the bill had passed the Senate, and it was hoped that it would be acted on by the Assembly and take effect by year end. Unfortunately that did not happen. The bill is still pending and expected to be adopted in the continuation of the legislative session, which starts this month and runs through April.
 The current gift annuity law requires annual reporting on the annuity reserve fund. Therefore, any organization registered in Wisconsin should assume that an annual report will need to be filed for the year ending December 31, 2013 (due by March 1st). Although the requirement could be lifted if the pending legislation is adopted early in the year, it is more likely that the effective date of the bill would be after March 1st.
There is one piece of good news relating to 2013 reporting. The Office of the Commissioner of Insurance has removed the need for an actuary to sign the certificate of valuation on the latest update to the reporting form.
Stay tuned for further word on the legislation . . .
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Marketing Corner: That A-ha! Moment
 Why spend good money asking questions to which you already (pretty much) know the answers? I discovered that, in fact, asking someone else about a challenge in an area in which you’re already proficient can be well worth the time and expense. Sometimes some expert coaching is all you need to have YOUR “A-ha! moment.”
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Gonzaga University Says Our CGA Manual Is
"A Tremendous Resource!"
High praise for Charitable Gift Annuities: The Complete Resource Manual:
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PG Calc’s CGA Manual is a tremendous resource for a  planned giving program of any size. The manual has covered every unique gift annuity scenario we’ve come across. We reference it regularly. Our donors and program have definitely benefited from this resource as well as from PG Calc’s great support team! |
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Annette Davis
Associate Director of Gift Planning
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Charitable Gift Annuities: The Complete Resource Manual is the authoritative book on gift annuities. Indeed, its principal author, Frank Minton, Ph.D., has long been recognized as the country’s leading expert on gift annuities.
First published more than a decade ago, the manual has become a must-have publication for charities and advisors who deal with gift annuities. Whether your organization has been issuing annuities for years or is just getting started, consider this your guide to a first-rate gift annuity program. You’ll use its wealth of content on a daily basis. Available in print and/or electronic formats, this handy resource is reviewed and updated annually to keep it current.
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