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To:curtis_harris@harriscompanyrec.com
Subject:[PGDC] Today from Planned Giving Design Center, LLC
From:"Planned Giving Design Center" <noreply@pgdc.com>  Add to Address BookAdd to Address Book  Add Mobile Alert
Date:Thu, 03 Apr 2008 21:01:18 -0400
Planned Giving Design Center, LLC

Dear Curtis Harris BS, CGREA, REB,

As a member of the Planned Giving Design Center you are being sent this e-mail to keep you up to date on the latest additions to the site.

 National News
 
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Service Rules on CRT Trustee's Discretion in Allocating Portion of Unitrust Amount to Any Qualified Charity
In two recently issued private letter rulings, the Service has held that a special independent trustee of a charitable remainder unitrust in its sole discretion can allocate a portion of the annual unitrust amount to any of the trust's income recipients and any organization qualified under sections 170(c), 2055(a), and 2522(a). In addition, the trustor will retain the power to substitute the charitable remainderman, provided that at least one-third of the remainder interest is distributed to public charities, and will retain the power to substitute the special independent trustee. MORE »

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Texas Senators Echo Other Legislators' Concerns Over Proposed Supporting Org Guidance
Texas Senators Kay Bailey Hutchison and John Cornyn have sent a letter to Treasury Secretary Paulson expressing their concerns about possible unintended consequences that may result from proposed rulemaking to historical supporting organizations. The letter comes in the wake of similar concerns expressed by other Texas legislators. MORE »

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Treasury Responds to Oklahoma Lawmakers Regarding Concerns over Supporting Orgs
Treasury Assistant Secretary for Legislative Affairs Kevin I. Fromer has thanked Oklahoma lawmakers for their suggestion that a proposed 5% minimum annual payout for non-functionally integrated Type III supporting organizations be reduced to 3.5%. MORE »

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Posted by Commercial Appraiser on April 3, 2008 06:53 PM |

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