Giving you access to education relevant to your career and the challenges you face is CGP's top priority for 2018. In January we launched our new Shop and have been excited with the number of CGP members participating. We see this is what you want and we are excited to give you more!
Approved by the American Council on Gift Annuities on April 24, 2018
The American Council on Gift Annuities (ACGA) Board of Directors held its semi-annual meeting on April 24, 2018. As part of a continual monitoring process, the Board reviewed the current assumptions inherent in our gift annuity rate schedules and approved an increase in the suggested maximum payout rates for charitable gift annuities. The rates will be rising by 0.30% to 0.50% for those ages where most annuity contracts are done. These new rates will become effective on July 1, 2018.
A bipartisan bill, the Charitable Giving Tax Deduction Act, was introduced today by Congressman Chris Smith (R-NJ) with Rep. Henry Cuellar (D-TX) as an original co-sponsor, to protect taxpayers and encourage charitable giving.
“Charitable organizations, including churches, synagogues, and other religiously-based entities, are the life-blood of services to those in need in our society, and I am committed to a tax policy that amplifies their ability to serve our community,” said Rep. Smith. “Americans have been generous patrons of charitable causes, and we want to ensure that everyone has the support they need to continue their generosity to charitable and philanthropic causes.”
Whether you just renewed your membership or your renewal date is approaching, CGP wants to say thank you for your dedication to the gift planning field. We hope CGP has provided as much value to you as you have for us. Our members are the motivation for this organization to provide top-notch education, thoughtful research and advocacy that will protect charitable giving.
CGP has partnered with the Nonprofit Research Collaborative since 2013 to collect data on charitable giving across the nonprofit sector. The Giving Institute is also a partner in the Collaborative, and for the most recent survey, CGP and GI worked together to add questions about planned giving to the Winter 2018 questionnaire.
Among the 1,076 U.S. nonprofits that responded to the most recent NRC survey, 84% reported receiving bequests and 92% actively sought new planned gift commitments. Eighty-five survey responses came via links that were customized for CGP members. That sample is too small to generalize about the broad spectrum of gift planning at U.S. charities. However, there are interesting differences between the CGP group and the general survey response that suggest greater attention to planned giving at organizations employing CGP members.