PGM Anywhere Quick Tip: Exporting Files

If the payments to your life income gift beneficiaries are handled by a bank or other custodian that uses PG Calc’s GiftWrap to manage payments and tax forms, you have probably been asked to submit new life income gift information as a PGM Anywhere file. 

Happily, it is extremely easy to create the PGM Anywhere file your custodian is asking for. Using PGM Anywhere’s Save feature, you can export gift information as either an .inpx file, which your custodian can upload into PGM Anywhere, or as a .gftx file, which your custodian can upload directly into GiftWrap.

1. Enter all the information on the new life income gift, then click in the menu bar.
2. From the “Save as” drop down, choose either “File to share (.inpx file)” or “GiftWrap export (.gftx/.biox file).”

3. Fill in the file name and other requested information, then click Export. The file will then download to the default location set up in your browser.
4. Your file is now ready to email to your custodian or to upload into their intake platform.

Contact us at 888-474-2252 or support@pgcalc.com if you run into any issues.

From the Blog:

BDQ #9: Can I Pay My Pledge With a QCD? How About With My DAF?

Two questions commonly asked by donors, one simple answer:
“Yes.  Yes, you can!”

Of course, there’s a bit more to it. Let’s take this opportunity to explore a little deeper.

Qualified Charitable Distribution (QCD)

Donors can direct a QCD contribution from their IRA to charity as long as it is for a charitable purpose. This includes making a QCD to pay a pledge. There are some limitations: the donor must be at least age 70½ when the QCD is made, there’s an annual limit on QCDs of $105,000 (in 2024, the limit is adjusted for inflation each year), and the distribution must be made directly from the IRA to the charity.

Read the blog post . . .

Things We Are Following:

Whose Law Governs?

Ohio law is silent on whether charities issuing gift annuities to Ohio residents should register with the Ohio Department of Insurance. Nonetheless, the state of New York requires an Ohio charity to register with the New York Department of Insurance if issuing annuities to New York residents. How can New York law apply to an Ohio charity?

Each state is entitled to protect the interests of its residents. That includes the right to regulate businesses (and charities) incorporated in other states doing business in their state. A charity doing business in a state should comply with the gift annuity registration or filing requirements of that state regardless of the charity’s state of incorporation. “Doing business” includes sending marketing material into the state, visiting prospective donors in the state, or any kind of communication with prospective donors within that state regarding a contribution for a gift annuity.

If you need help registering your gift annuity program in any state, learn more about PG Calc’s state registration services.

Here’s Why: Using Extracts from the CGA Manual to Reorient Your Donors

Frequently, Client Services receives questions from fundraisers relayed from their donors that begin, “Show me where in the law/IRS code/legislation I can’t do (fill in the blank with a wild and potentially illegal idea) with my gift.” We call these “tell me why I can’t” questions, as the donor seems to think that if a fundraiser can’t immediately point to the exact line of legislation or IRS Code that prohibits it, then the donor’s wild hair of an idea must be allowed.

We’re looking for more of those questions because we’re updating Charitable Gift Annuities: The Complete Resource Manual (CGA Manual) for fall publication. We’ve found that nothing redirects a “tell me why I can’t” donor like the fundraiser being able to email a PDF extracted directly from a definitive source that’s well researched and full of citations. In fact, if you’ve ever emailed Client Services for help with a “tell me why I can’t” donor question, you’ve probably received your answer as a PDF suitable for forwarding to the donor and their advisor.

So, whether it’s, “Tell me why I can’t swap my new spouse for my old spouse in my CGA,” or “Tell me why I can’t receive capital gain income from my CGA if I fund it with stocks taken from my IRA,” we’ve got you covered. Please email your additional “tell me why I can’t” donor questions to support@pgcalc.com. We look forward to reading them and including answers to them in the next edition of the CGA Manual.

Planned Giving Fundraising: A Primer for Nonprofit Leaders and Boards

If you’ve been in planned giving a while, you already know this:

Planned gifts account for a significant portion of the largest gifts from a nonprofit’s most ardent supporters. Planned giving functions as a form of stewardship in and of itself and can culminate in transformative gifts that target the 98% of wealth held in non-cash assets. It is also one of the most cost-effective forms of fundraising and leads to long-term, sustainable funding.

But how about your organization’s leadership team? Or your board?

Whether your nonprofit is looking to make the case to start a planned giving program or gearing up to take your program to the next level, PG Calc’s Planned Giving Fundraising: A Primer for Nonprofit Leaders and Boards can help make the case for investing in your program.

Download our FREE primer geared for nonprofit leadership and boards so your leadership team can see the potential impact a thriving planned giving program can have on your organization.

From Colorado to Maine and Places Between, We Hope to See You at a Conference Soon

August 20-21: CPGR 2024 Summer Symposium

PG Calc’s Craig Wruck and Jeff Lydenberg will be respectively presenting "The Essentials of Planned Giving" and "Maximizing Impact: Unlocking Power of QCDs" at the Colorado Planned Giving Roundtable's Summer Symposium.

September 18: MPGC 2024 Annual Conference

Come say hello to the PG Calc crew attending the Maine Planned Giving Council's Annual Conference on September 18th at the Doubletree Hotel in South Portland, Maine.

September 26: NOCGP 2024 Planned Giving Day

PG Calc's Vice President of Consulting, Jeff Lydenberg will be attending and presenting at the Northern Ohio Charitable Gift Planners’ Planned Giving Day on September 26th in Warrensville Heights, Ohio.

October 28-30: CGP Conference

Many from PG Calc will be attending the National Association of Charitable Gift Planners 2024 Conference in Orlando, Florida. Come by our booth and say hello!

See all the conferences we'll be attending here.

WELS Foundation Sees Outstanding Returns on CGA Promotions That Use BatchCalcs

“For 15 years BatchCalcs has been a foundational part of our CGA promotional strategy. The gift opportunity really jumps out to prospective donors when the illustration is personalized, and, as a result, we’ve had an average of $180,000 in CGA gifts after each mailing.”

-- Adam Goede
Supervisor, Ministry of Christian Giving
WELS Foundation

Learn more about the WELS Foundation.

Learn about using PG Calc’s BatchCalcs personalized calculations in your appeals.