From Fair Food to Philanthropy: Unique Giving Options for Farmers and Ranchers
Nothing encapsulates the spirit of summer more than the fair, whether it’s a 167-year-old tradition like the Indiana State Fair, attended by nearly one million people annually, or a more local event populated by neighbors (and animals) from across the county. These fairs capture the spirit of simple camaraderie and recreation in a way few …
More than Just Spaghetti: Exploring Differences in Life Income Gifts
If a researcher could travel back to the 1970s to ask average Americans about their pasta consumption, it is likely their responses would be fairly narrow: spaghetti and meatballs, American goulash, maybe even SpaghettiOs or Chef Boyardee Ravioli. Obviously, certain cities and regions boasted culinary scenes with fantastic, authentic Italian food, but much of the …
Dangerous Curve Ahead: The Upcoming Sunset of TCJA Provisions
Driving is a beloved part of American culture, whether cruising in a classic car, enjoying the open air in a convertible, or heading down the highway on a road trip. Of course, no matter where they’re going, drivers should pay attention to the signs for information about the speed limit, the distance to the next …
Charting a Course for Success: Navigating a Charitable Gift of a Business Interest
For ancient mariners, sailing across the Mediterranean to northern Egypt became more treacherous as they approached the coast. Homer noted in The Odyssey that the coast of Egypt consisted of a broad delta and endless deserts, with very few landmarks by which to navigate.[1] To help remedy this situation, Ptolemy, a general under Alexander the …
Storm Chasers and Secure 2.0
For most people, the threat of a tornado, hurricane, or other severe weather brings a sense of trepidation. These weather events are uncommon, unpredictable, and potentially dangerous, requiring people to take action and seek shelter to ensure their own protection. For storm chasers, however, a severe forecast is cause for excitement as they head directly …
The Right Gift for the Right Time: Charitable Giving Options for Different Stages in Life
The audience is quiet in anticipation. The orchestra is seated and ready on the stage, waiting for the world-famous conductor to take the podium. Suddenly, a doorman from the lobby moves down the aisle, takes to the podium, and raises the conductor’s baton. The doorman’s musical experience consists of two accordion lessons in the second …
Giving in an Uncertain Economy: The Strategic Tax Benefits of Charitable Giving
Antarctica is one of the most inhospitable places on Earth. It is covered by a sheet of ice and has recorded the world’s lowest temperature at -128.6 degrees Fahrenheit.[i] Yet its scientific importance is so great that in 1955, the U.S. Navy sent a group of Seabees (the Construction Battalion) to establish a naval station. …
The Nuts and Bolts of Planning a Charitable Gift
The Super Bowl is the championship game of the NFL, but over the years, it has also become a cultural event approaching national holiday status. Companies paid attention as the number of sports fans viewing the game on television increased and those fans started inviting family and friends to watch with them. Suddenly, there was …
New Resource: Pocket Tax Tables for 2021 and 2022
Tax planning and charitable giving go hand in hand. Sometimes, the issues are complex and require thoughtful analysis. Other times, you just need a straightforward answer or a helpful reference. For those latter situations, we have a timely guide for tax season: our Pocket Tax Tables—a concise compilation of tax numbers for 2021 and 2022. …
Back to Basics: A Look at Charitable Organizations
“This is a football.” Imagine a professional coach telling his team—a team that almost won it all the year before—about the ball that was at the center of their professional lives. Crazy! Yet, this is exactly what the legendary Vince Lombardi did in his early years with the Green Bay Packers. Lombardi believed that to …