Many people would love to make substantial gifts to their favorite charities during their lifetimes. For some that is within reach, especially with good planning; for others a lifetime gift is beyond their comfort zones. Regardless of your personal circumstances, a bequest can be an excellent way to meet your philanthropic objectives.
For the second straight year, clinical associate professor Michelle Quinn and a group of graduate students from the University of Wisconsin-Madison’s Department of Communication Sciences and Disorders assisted in literacy efforts in Guatemala over winter break.
As you plan your 2013 charitable gifts, give particular attention to appreciated property that you have considered selling and which you might be willing to contribute instead, either outright or for a plan that pays you income.
Allison Gilmore is pursuing a certificate in Criminal Justice and, as such, needed to complete a summer internship. She found one in the Juvenile Court Intake Department of Children’s Court Services in her native Eau Claire, Wisconsin. The experience proved transformative.
The IRS discount rate used to value the charitable component of split-interest gifts dropped to 1.8% in December of 2011. After then climbing back to 3% in March, April, and May, it plunged again late in the summer and then hit an all-time low of 1.4% in October.