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eRate Newsletter | August 17, 2020

IRS DISCOUNT RATE: September 0.4%

Projecting the Value of Your Bequest Pipeline

Planned giving departments need to demonstrate accountability for results in terms of gift revenue. Our challenge, of course, is that we generally don’t know how much planned gift revenue is coming or when it will come in, making it very difficult to accurately measure the results of current efforts. Let’s look at how using a combination of historical realized planned gifts and current calculations can generate a reasonable picture of the value of your planned gift pipeline.

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UPCOMING WEBINAR

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.

10 IRS Rules You Need to Know to Help Your Donors Make Great Gifts

Presented by
Jeffrey Frye

Thursday,
August 27
1:00 - 2:30 pm ET

REGISTER

UPCOMING TRAINING

PGM Anywhere and Gift Annuities

August 18-19, ONLINE

PGM to PGM Anywhere FREE!

August 26, ONLINE

PGM to PGM Anywhere FREE!

September 10, ONLINE

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Quick Tip: Entering Terms in PGM Anywhere

The next release of PGM Anywhere (due out shortly after Labor Day) can perform calculations for up to ten lives and for combinations of up to ten lives and a fixed term of years. These capabilities are a major expansion from the previous limit of up to two lives or a fixed term of whole years. Here’s how to produce illustrations using any of the new term options.

To start, click Date – Lives – Term.

One to ten lives:

  1. Choose Gift term = Lives
  2. To enter more than two ages or birth dates, click the button below the last age/birth date field to add another age/birth date field. Repeat as needed, then enter the ages/birth dates.

Fixed number of years:

  1. Choose Gift term = Fixed term.
  2. Choose whether to enter the fixed term as a number of years or a date the term ends.
  3. Enter the number of years or the date fixed term ends.

Combination of lives and fixed term:

  1. Choose Gift term = Lives & fixed term.
  2. Choose Term type = Fixed term of lives, whichever is shorter, Fixed term of lives, whichever is longer, or Lives, then shorter of fixed term or lives.
  3. If you choose Lives, then shorter of fixed term or lives, enter first the ages/birth dates of the beneficiaries who will receive payments first. Then, enter the number of the first age/birth date that will be concurrent with the fixed term. For example, if payments will be for the life of the donor and then for the shorter of her two children’s lives or ten years, enter the donor’s age/birth date first and enter “2” as the “Age # to which fixed term first applies.”

Please contact Client Services at 888-474-2252 or support@pgcalc.com if you would like to learn more about PGM Anywhere.

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Next PGM Anywhere Release Includes All Term Types and Other Useful Enhancements

We are close to releasing another version of PGM Anywhere, our online gift planning software. The new release will produce illustrations for gift terms of up to ten lives, a fixed term based on a term end date or fractional number of years, and combinations of up to ten lives and a fixed number of years. Other highlights of the new release include:
  • Ability to enter any IRS discount rate - handy when using PGM Anywhere to compute a FASB liability, for example
  • Calculations for gift annuities that make a first full payment up to 12 months after the gift date
  • Option to email presentations to yourself before sending on to a prospect or others
  • Calculations for unitrusts with any number of months from annual valuation date to first payment date
  • Technical security enhancements
If you use PGM Anywhere and want to read more details about the release, click the “Release notes” link on the PGM Anywhere login screen. If you are still using PGM desktop, we encourage you to switch to PGM Anywhere. There’s no cost to you! To get started, go here, click the “I Use PGM Sign Me Up” tab, and fill in the form.
 

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All Trainings Are ONLINE Through End of 2020

We are excited to announce that we will continue to offer our ONLINE trainings through 2020! During this time we will not offer in person trainings.

Our new ONLINE curriculum includes PGM Anywhere and Charitable Gift Annuities, PGM Anywhere and Charitable Remainder Trusts, GiftWrap and Lead Trusts.  We are also starting new, FREE PGM to PGM Anywhere training sessions starting next week. See our current schedule with course descriptions.

Although we miss seeing our clients in person, we have had an overwhelming positive response to the ONLINE trainings we have conducted so far. Come and join us!

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Sign Up for PG Calc's Remaining 2020 Webinars!

Our monthly Webinar line-up for the remainder of 2020 will be led by experts on our staff, as well as by outstanding guest presenters Al Halliday and Sherrie Beal. Take a look at the webinar descriptions here.

Each 90-minute Webinar will offer valuable practical advice and insights on a topic of interest to gift planners, as well as a paper and slides that are yours to keep. Our Webinars are a bargain at just $95/session. We recognize that colleagues cannot gather together to watch our Webinars right now, so every registrant will receive an unlimited-use link to a replay of the webinar to share with colleagues.

Register