Planned Giving Article Critique Essay

Bernstein discusses the triad elements that motivate devicened openhanded generosity, tax avoidance, and established relationship. The generosity shanghai happens when an uncultivated conferrer bequeaths a large sum from their estate. The primary value of these donations is not to the borrower but to their heirs in that estate taxes are signifi enduretly trim down by these donations. In some cases a person whitethorn plan a donation but their heirs may not immediately pureness it. In that case if an makeup is aware of the presenters intent, gore or staff can develop a relationship with the survivors.This may lead to a transfer of charitable intent where the surviving heir will eventually honor the charitable plans of the predecessor. The purpose of fundraising is to obtain renewal sources of funds apart from the regular budget cycle. Additionally, fundraising is successful when positive interpersonal relationships are developed between fundraisers and potential differen ce donors. These are key roles of sports weapons platform reignrs. (Stier & Schneider 1999) appellation You and intend Giving Author Robert J-P. HauckIn this article, Hauck outlines a intend giving program targeted for the American Political Science Association. He adjusts quantify as the first decision to be made when developing a intend giving intent. This answers if the gift will be made during the donors lifetime or after their death. The benefits of giving during the donors life is reduction in income and capital gains taxes. The benefits of giving after the donors death is reduction in estate taxes. He suggests testamentary giving as a way to remember a dead person person.These gifts can be given as awards or scholarships in the expose of an psyche. Next, a bequest can be restricted or unrestricted. A restricted bequest is to fund a certain activity of an organization. He suggests these requests, however, be flexible enough to change with the needs of the organizati on. Finally, Hauck offers the option of qualification an organization the owner and beneficiary of a life insurance policy. The benefit to the donor is that the cash surrender value is deductible if the policy is pay in full, or the premium payments will be deductible.Sports managers must be aware of the difference between immediate need fundraising and colossal-term developing of additional funding sources. (Stier & Schneider 1999) This article demonstrates the development aspect involved in sports fundraising. However, it is important to be prepared to manage current receipts from long term development consistently with sources from current fundraising efforts. This article provides a spotless framework that sports managers can include in their marketing efforts and literature utilise for fundraising.The concepts here not only work with insurance policies, but can also be applied to more immediate gifts of stocks, bonds, and other vendible securities which can be sold and c onverted to cash over the short-term. Title Youth Charities Work Together on Planned Giving. (The Childrens Village, Inwood House, base hit Space) Author(s) Nicole Wallace In this article a different approach to planned giving is taken. Three similar organizations joined to create a single organization which exists for the sole purpose of cultivating planned giving programs.The organization will manage and distribute the donations to the organizations according to the donors guidelines. In addition, the organization is dedicated to marketing to potential donors. This may be a more appropriate form of fundraising at the local high school level. Direct programs as outline in the previous articles may be more appropriate for colleges and universities. Conclusion The three articles taken together demonstrate the importance of understanding the personal goals and strategies that define and drive planned giving by individuals.Once that is understood the fundraising maestro is prepared t o communicate to potential donors the various options at their disposal for planned giving. Finally, when organizations operate on a smaller scale, collaboration can issue in a higher rate of planned giving than individual efforts. References Bernstein, P. (June 2005). Financial advisers and planned giving doing the right thing. The CPA Journal, 75, 6. p. 62(2). Retrieved April 16, 2009, from full general OneFile via Gale. Hauck, R. J. P. (Sept 1999). You and Planned Giving.PS Political Science & Politics, 32, 3. p. 642. Retrieved April 16, 2009, from General OneFile via Gale. Stier, W F, & Schneider, R. (June-Sept 1999). Fundraising an essential talent for the sport manager in the 21st century. Mid-Atlantic Journal of Business, 35, 2-3. p. 93(1). Retrieved April 16, 2009, from General OneFile via Gale. Wallace, N. (March 26, 2009). Youth Charities Work Together on Planned Giving. (The Childrens Village, Inwood House, rock-steady Space). Chronicle of Philanthropy, 21, 11. p. NA. Retrieved April 16, 2009, from General OneFile via Gale.