George Fox University | Office of Development | Estate and Planned Giving | Resources for Professional Advisors

Contributions to Foreign Charities
Gifts to foreign charitable organizations are generally deductible for gift tax but not income tax purposes  . . . more

IRS Explains Deductions for Credit Card Gifts
Charitable gifts by credit card have become a quick and easy way for donors to give (and build up frequent flier miles), particularly at the end of the year . . . more

Matching Gifts by Companies
Many companies will match the charitable gifts made by their employees. In some instances, the matching gift program involves contributions by the company’s customers . . . more

Donors Who Wish to Remain Anonymous
Some philanthropic clients prefer not to be recognized for their contributions, or to remain completely anonymous . . . more

Use It or Lose It Rule for Charitable Deductions
Donors sometimes ask whether the five-year carryover provision for charitable deductions that exceed the applicable ceilings (50% of AGI for cash gifts, 30% for long-term capital gain assets) means they have flexibility as to when they use their charitable contribution deductions . . . more

The following are recent court rulings as discussed in the bimonthly Analysis and Comment section of CGTS-Online. To read further, click here to log in or register for the Service. If you are already registered with CGTS-Online but are visiting this site for the first time, please re-register on the George Fox-sponsored version. Archived articles for Analysis and Comment can also be found in CGTS-Online.

To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

• Court Rejects Will Reformation Attempt
Testator’s intent, ten-year delay major stumbling blocks.

• Attempt to Divide and Conquer Rejected
Splitting trust and commuting half contrary to purpose of settlor’s trust.

• Income Beneficiaries Become Outright Recipients After 99 Year
Court applies cy pres doctrine where trust lacks remainder language.

• When the Dancing Stopped, So Did the Money
Endowment funds not available to pay bills of defunct organization.

• Trust Funds Remain Community Property
Court had jurisdiction to value survivorship interest in charitable remainder trust.

• Newspaper Gets Access to Records, But Without Donor Names
Foundation’s activities on behalf of state university subject to state’s open records rules.

• Outright Distribution, Trust, Resolve Ambiguity
As reformed, charity’s interest will qualify for estate tax deduction, IRS rules.

• Spreading Seeds Not Charitable
Class of potential beneficiaries not sufficiently large to benefit the community.

• Rebate Acknowledgment Found Deficient
Election to have funds go to charity is a contribution, but letter lacks date of transfers.

• Donor “Guesses” $29,000, Court Says Zero
No substantiation for cash or noncash gifts.

• Estate Escapes Tax on IRA
Trustee had power to allocate estate assets to foundation.

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