The Planned Giving Design Center (PGDC) is a web site that provides resources for professional advisors to help them counsel their clients in the area of charitable gift planning. Maine Community Foundation encourages you to register and bookmark PGDC for easy reference.

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In a letter to an individual, Treasury Benefits Tax Counsel W. Thomas Reeder has clarified the proper completion of Form 1099-R by an IRA custodian for qualified charitable distributions from an IRA and corresponding completion of Form 1040 by the plan owner/donor...more

The Tax Relief and Health Care Act of 2006, signed into law on December 20, 2006, includes a provision that will be welcome news to most trustees of charitable remainder trusts. Beginning in 2007, charitable remainder trusts that have unrelated business taxable income will no longer lose their tax-exempt status for the year; rather, an excise tax will be imposed in the amount of unrelated business taxable income itself. While this will be welcome news to most trustees, the new law also creates a trap that is potentially more confiscatory... more