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eRate Newsletter | February 16, 2021

IRS DISCOUNT RATE: March 0.8%

2020: It Was the Best and Worst of Times

As Charles Dickens wrote in his A Tale of Two Cities: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness.” Those words were written in 1859, but they could have been written yesterday.

How do we even begin to describe the year that was 2020? It was a year of so many extremes – a once-in-a-century pandemic, the most widely contested elections in U.S. history, unprecedented economic collapse, historic unemployment, tsunamis of misinformation and disinformation, and truly unimaginable levels of mistrust, suffering, and despair in the souls of people everywhere.

In the world of planned giving, we need to start thinking about how to move forward again. Despite all of the lives lost, all of the jobs lost, and the millions of people who remain unemployed and millions who remain underemployed, we still have an economic system that is relatively healthy and strong, and we have a country full of charitable organizations that are doing everything they can to make life a little better. There are always too many human needs – which were only exacerbated by the pandemic and its destructive forces – but we also have scores of people who can help the not-for-profit sector fulfill its mission.

Continue reading to learn more about the impact on the stock market, the economy, and planned giving in 2020:

READ THE FULL ARTICLE      PRINT THE FULL ARTICLE

WEBINAR FEBRUARY 25

Notice: To accommodate clients currently not able to view PG Calc webinars in a group, all registrants will receive a link to a recording of the webinar that they can share with colleagues at their organization. Ordinarily, the recording is available within 1-2 weeks of the live session. Alternatively, additional participants at the same organization who wish to attend the live session may do so for just $25 each.

Strategic Conversations Lead to Major and Planned Gifts

Presented by
Karen E. Osborne

Thursday,
February 25, 2021
1:00 - 2:30 pm ET

REGISTER

UPCOMING TRAINING

PGM to PGM Anywhere FREE

February 18, ONLINE (90 Minutes)

GiftWrap Fundamentals

February 23-24, ONLINE (6 hours over 2 days)

PGM to PGM Anywhere FREE

March 4, ONLINE (90 Minutes)

PGM Anywhere and Charitable Remainder Trusts

March 9-10, ONLINE (4 hours over 2 days)
VIEW

Quick Tip: GiftWrap Analysis Module

Did you know that GiftWrap offers the ability to run projections of all future estimated remainder amounts as well as the means to perform sophisticated analysis of virtually all components of the charity’s planned giving program?

In addition to all of the more familiar and standard areas of activity, GiftWrap includes an optional module called “Analysis.” For a modest additional fee, GiftWrap clients can run several additional reports, including “Projected Remainder Amounts” and “Program Overview and Statistics.” The former provides an estimate of the maturing amount and date of every planned gift in the database that terminates upon the passing of a donor or beneficiary. The latter delivers an astounding in-depth analysis of all donor and gift information in the program. Clients have remarked that these two reports give them – with the click of a button – invaluable information about their programs that has previously taken them days or even weeks to assemble.

Please contact Client Services at 888-474-2252 or support@pgcalc.com if you are interested in learning more about GiftWrap’s Analysis Module. Remember – you can always try it at no charge on an evaluation basis. We think you’ll be so happy with the additional functionality that you’ll end up wondering how you ever got by without it!

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K-1 forms

 

From the PG Calc Blog: Why Are the K-1s Late Again This Year? Why Are They Late Every Year??

This Blog post by Jeffrey Frye, PG Calc's Senior Client Services Advisor, is just as pertinent this year as it was when originally posted.

It happens every year – your gift annuity donors received their 1099-R forms at the end of January, and everyone was happy. But once the calendar turned to February, the calls started coming in from your charitable remainder trust donors; they are looking for their K-1 forms, which report the income they received from their trusts. If you have a pooled income fund, you’re getting calls from those donors too, because they are also entitled to a K-1 form. And once the calendar turns into March, the calls get uglier. Everyone expected to receive their tax forms around the end of January, because that’s when all tax forms are due, right?

WRONG. Read why and get advice on what to tell your donors.
READ MORE

PGM Anywhere Adds More Security Options

On February 12, we announced the latest release of PGM Anywhere, PG Calc’s online planned giving illustration software. The release adds two-factor authentication and IP filtering as optional security features. Coupled with the optional security features – single sign-on and key management service – that we added in our mid-January release, PGM Anywhere now offers a robust array of enhanced security options to choose from. Contact PG Calc Client Services at support@pgcalc.com or 888-474-2252 to learn more about adding any of our enhanced security options to your PGM Anywhere account.

PGMA on Tablet

 

PGMA-Guide

PGM Anywhere Introductory Guide

For those of you who have switched to PGM Anywhere or are about to, the PGM Anywhere Introductory Guide is a great training resource. Not only does it lead you through step-by-step software login and set up instructions, but it also provides case examples to help you practice modeling life income gifts.

Download your own copy now.

PGM Desktop Updated with Indexed Tax Tables for 2021

As anticipated in the last eRate, we have now updated Planned Giving Manager (PGM) to incorporate the indexed federal tax schedules for 2021 and the extension through 2021 of the 100% of AGI deduction limit on gifts of cash to public charities. We sent our release email with complete update instructions on February 1. Please update your copy of PGM as soon as you can if you have not done so already. Contact PG Calc Client Services at support@pgcalc.com or 888-474-2252 if you need assistance with your update.

Reminder: PGM clients are eligible to use PGM Anywhere for no additional charge. We plan to support PGM desktop through the end of 2021. After that, we will support PGM Anywhere only. If you have not made the switch from PGM to PGM Anywhere yet, please sign up for a PGM Anywhere account today!

PG Calc Referral Program

At PG Calc, we have always been powered by client satisfaction and our reputation for excellence and integrity. Word-of-mouth referrals from our satisfied partners are how most of our clients come to us. We heard from many of you in our Client Satisfaction Survey about your enthusiasm for referring friends and colleagues to PG Calc, and we are actively looking to reward our clients for those referrals.

PGM Anywhere Referrals:
If you make a referral that results in a new PGM Anywhere client within a year, we will offer your organization $350 toward any of our products, services, trainings, webinars, or a discount on your next renewal. If you make a second referral, you will earn another $385 – together, that makes your annual service fee for PGM Anywhere free!

Refer a Friend for PGM Anywhere

Marketing Services Referrals:
If you refer to our Marketing Services team a friend or colleague whose planned giving program needs a boost and your referral results in a new Marketing Services client within a year, we will offer you $750 toward any new marketing project, or a similar discount on your next renewal. Refer a friend for PG Calc's Marketing Services:

Refer a Friend for Marketing Services

Quinnipiac Logo

Quinnipiac University Finds Value in PG Calc's Planned Gift Administration

“PG Calc has helped us to streamline our Charitable Gift Annuity and Charitable Remainder Unitrust gift process. They have provided us with a strong infrastructure for our historical data and information retention. We confidently rely on their expertise for our Planned Giving processes and necessary tax compliance and have for many years.”

Christine A. Festa, CPA, CGMA
Assistant Controller
Quinnipiac University

For over three years PG Calc's team of experts has supported Quinnipiac with its planned gift administration, processing payments to annuitants and income beneficiaries, preparing tax forms, and helping the university manage its planned gift data.

Learn more about Quinnipiac University.

Learn more about how PG Calc's Planned Gift Administration can improve your planned giving program.
     
Sales: info@pgcalc.com 888-497-4970
Support: support@pgcalc.com 888-474-2252