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Handling and Utilizing Revocable Gifts for Nonprofits

Learn more information on how to handle the tax treatment and forecasting when utilizing revocable gifts.

Many nonprofit organizations don't have a planned giving program because they think the time, money and other resources required to support the program are beyond their means. Or they think their donors aren't interested. This topic will give you the basic tools you need to conduct a planned giving program with confidence and provide a pipeline of future benefits. Get your board and professional advisors on board. You will be able to account for revocable gifts in a meaningful way that translates into greater transparency, better relationships with donors and increased understanding of the significance of supporting a planned giving program.

Runtime: 86 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction and Overview

Basic Types of Planned Gifts

  • Gifts That Anyone Can Make
    • Estate Bequest
    • Appreciated Securities
    • Life Insurance
    • Artwork, Collectibles, Books
    • Real Estate
    • Retirement Plans Including 401(k) and IRA Accounts
  • Gifts That Pay Income
    • Charitable Gift Annuities (Immediate, Deferred and Flexible)
    • Charitable Remainder Annuity Trusts
    • Flip Unitrusts
    • Pooled Income Funds
  • Gifts That Protect Assets
    • Charitable Bargain Sales
    • Charitable Lead Trusts
    • Retained Life Estates

Gift Acceptance Policies

  • Best Practices
  • Purpose
  • Organization Goals
  • Donor Conflicts
  • Restricted Gifts
  • Legal Counsel
  • Acceptable Types and Forms of Gifts
  • Reporting Requirements
  • Monitoring

Conditional Versus Unconditional Gifts

Accounting for Conditional Versus Unconditional Gifts

Taxes and Planning

Planned Giving Opportunities

  • Legacy Society
    • Relationship
    • Portfolio
    • Track Whether Conditions Are Met
    • Procedures
  • Accounting
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 20, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Sarah Avery

Sarah Avery

Friedman LLP

Sarah Avery, CPA

  • Director in the East Hanover, NJ office of Friedman LLP
  • Practice emphasizes all aspects of audit and tax compliance for not-for-profit organizations
  • Specializes in not-for-profit organizations including private foundations providing audit and tax compliance services
  • Conducts regular seminars and workshops on numerous exempt organization tax compliance and accounting issues
  • Graduate of Muhlenberg College
  • Member of numerous professional and civic organizations
  • Can be contacted at [email protected] or 973-929-3500
Anne DeMesa

Anne DeMesa

RWJBarnabas Health

  • Gift Planning Council of NJ Board member since 2013
  • Held a variety of leadership roles in Planned Giving departments including VP, AVP and director of Gift Planning for religious, cultural and healthcare organizations over the past 12 years
  • Formulated individual “hybrid” fundraising strategies for a range of patron giving levels using revocable gift commitments, resulting in a 75% increase in legacy gifts
  • Designed strategies around revocable gift commitments for various organizations rebuilding their PG programs, resulting in significant shift in these commitments at each organization
  • Created innovative legacy marketing materials designed to inspire and increase planned gift donations
  • Collaborated with an advisory board of allied professionals focused on growing revocable gift revenue stream, resulting in increased PG commitments through quarterly meetings and educational programming
  • Responsible for educating major gift colleagues, board members and donors about revocable gift commitments, Gift Acceptance Policies and building PG programs from the ground up
  • Presented locally and nationally on Legacy Challenges and PG marketing
  • Successfully designed and executed charitable planning seminars designed to educate, inspire and increase revocable gift commitments
  • Educated at Fairfield and Rutgers, up to the Master’s level
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400391
Published 2017
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