September 2011

News by CTAC

September 2011


Spotlight: Tax Relief Act (Expires 12/31/11)

Did you know that Congress has re-authorized a provision so that you can make a tax-free gift from your IRA account and avoid federal income tax on the withdrawal?  You can, and if you want to take advantage of this, you must do so by December 31st, 2011.

Click here to read more.   

Advisor Corner

Philanthropic Options for Transferring Wealth to Family Members

Last July, the IRS issued an unusual Private Letter Ruling to a husband and wife, both still alive, who requested a ruling for the proposed plan for distribution of their estates at their respective deaths (PLR 201129049 dated July 22, 2011).  This important ruling highlights some charitable giving options advisors and their clients have for transferring wealth to family members. 

Click here to read more.   

Fundraiser Corner

Fundraisers Boost Divorce Rates

When you're in fundraising, it's only a matter of time before you become the messenger of a "money secret." It may start like any other call, business as usual, just wanted to say thanks for the gift, but then... the gasp, the phone crashing to the floor, the raised voices in the background - and you, alone on the line wondering how it all went so wrong. 

Click here to read more.

Donor Corner

Designing Charity Vacations for Children

You may be surprised just how much children learn from being with you during your visits to charities. Being exposed to the work can open a child's mind to a variety of ideas and conversations and give children experiences to think about for weeks to come. In time, they will want to go on their own, and they will know what to look for and ask about.

Click here to read more.

Questions? Recommendations for a future article? Email your thoughts to 


Where's CTAC?

IRS Discount

Notre Dame Tax & Estate Planning Institute, Indiana, Sept. 15-16

September: 2.0%

National Conference on Philanthropic Planning, Texas, Oct. 4-6

August: 2.2%

National Philanthropy Day, Ohio, Nov. 4

July: 2.4%

*The opinions expressed by CTAC are not intended as legal advice.  Please find consultation for advice specific to your situation.  CTAC is happy to answer any questions you may have.