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Tax-Free Gifts from IRAs Provision Renewed
The American Taxpayer Relief Act of 2012, passed by Congress on January 1, 2013 and signed into law by President Obama on January 2, 2013, renewed taxpayers’ ability to make tax-free gifts of their IRA assets to charity in 2013 and also made this ability retroactive to January 1, 2012. H.R.8 was the final version of the legislation that partially avoided the “fiscal cliff” for now and contains other provisions that may impact charitable giving.
Estate Planning and Planned Giving for Married Same-Sex Couples
U.S. v. Windsor changes the estate planning and charitable giving landscape for married same-sex couples. The U.S. Supreme Court’s recent decision in this case makes available to same-sex married couples the same federal gift and estate tax and charitable giving benefits formerly available only to opposite-sex married couples. In this article, Dan Ebner '04 and his partner, Ray Prather, analyze U.S. v. Windsor and its important implications for estate planning and planned giving.
Harvard Management Company Announces Fiscal 2012 Results
Harvard Management Company (HMC) manages charitable remainder trusts for the Law School and the University and also manages assets that are contributed for charitable gift annuities. It announced in the fall of 2012 the return on the Harvard endowment for the fiscal year ending June 30, 2012 was essentially flat. The endowment earned an investment return of -0.05. The fiscal year 2012 endowment return was 98 basis points in excess of the -1.03% return on the benchmark Policy Portfolio. This is the third consecutive year that HMC has beaten the Policy Portfolio. Read More
Low Interest Rates
Low interest rates create opportunities for charitable gift annuities and charitable lead trusts. Read More
HLS Library Launches Massive Database on Famed American Jurist.
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