Key federal lawmakers are continuing to focus their attention on college and university endowments, particularly those endowments exceeding $1 billion in value. Last month, for example, the Ways & Means Oversight Subcommittee held a hearing which examined rising college costs and how some colleges and universities are using their endowments to fulfill their charitable missions.
The 2016 Presidential election is now less than one month away and throughout the campaign season both Hillary Clinton and Donald Trump have released various tax proposals that, if enacted into law, would greatly affect charitable giving in this country. It’s fair to say that the two candidates envision dramatically different tax codes and, as evidenced in the first two Presidential debates, these views will continue to play a major role in the election.
Another study has confirmed Russell James’s finding that people are more motivated to make legacy gifts by stories that feature living donors. The online survey completed by 2,518 US adults, found that those who had read stories about living – as opposed to deceased – legators expressed an even greater interest in leaving a legacy. The participants all reported significantly greater interest in making a bequest gift than making a donation within the next three months after they read vignettes of donors’ life stories and their planned charitable bequests.
Russell Norman Howes, age 66, of Wisconsin, died on August 31, 2016. Russ was preceded in death by his parents and brother Robert. He is survived by his wife, Sue Howes, his brother, Randy (Colleen) Howes, sisters-in-law Janet Howes and Marilyn Kelley, nephews Dustin, Brandon (Erin), Jason (Shannon), Cory (Anna), grand-niece Madeline and grand-nephew Henry.
It seems like a year since I wrote my last blog about “What We’ve Learned from Our Members”, but in reality it’s only been a few months. I guess it’s because from then until now, our rebrand has progressed at a rapid speed.
Since 2006 the IRA Charitable Rollover has allowed generous, older Americans to donate millions of dollars from their Individual Retirement Accounts directly to America’s charities – and the populations they serve – during a time when traditional charitable contributions were on the decline or remained flat. The IRA Rollover has generated an enormous amount of new charitable giving to thousands of nonprofits that work every day to enrich lives and strengthen communities across the country. Given the great success of the IRA Rollover, and the extent to which the charitable sector and donors alike have come to rely on this critical giving incentive, PPP was proud to lead the fight in Congress to make the IRA Rollover a permanent part of the tax code at the end of 2015. And with this permanent, albeit limited, IRA Rollover firmly in place now is the time to push for an expanded provision.