 Spread the News!
Feel free to forward this e-mail to anyone who might find it useful.
Anyone is welcome to sign up for this free monthly newsletter.
In this issue:
Featured Topic: Terminating a Gift Annuity While an Annuitant Is Still Living
In the vast majority of cases, a charitable gift annuity will not end until the death of the sole or surviving recipient of the payments. Annuitants are generally delighted that they will continue to receive payments for life, and they wouldn’t have it any other way. Yet, in certain instances an annuitant might be pleased to learn that some options exist.
 Learn more...
Past Topics
Quick Tip:
A Simple Way to Enhance GiftWrap Security
To enhance security, the latest release of GiftWrap requires user passwords to be at least seven characters long with at least one alphabetic and one numeric character. These requirements are enforced whenever you change a password or add one for a new user. To change your GiftWrap password so that it meets the new standards:
- Close all windows in GiftWrap, including the Person and Gift Search window.
- Choose Setup – Security – Change Password in the Menu Bar.
- Enter your new password, verify it, then click Done.
HelpClip: PGM Help Puts a Wealth of Tax Rulings at Your Fingertips
Did you know that Planned Giving Manager (PGM) Online Help contains the full text of tax rulings related to planned giving? Whether you want to review the details of a particular ruling yourself, or provide them to a prospect or advisor, PGM Online Help makes it easy to find the ruling you need.
Learn more...
PG Calc Welcomes a New Gift Administration Client, Unitarian Universalist Service Committee
The Unitarian Universalist Service Committee (UUSC) advances human rights and social justice  around the world, partnering with those who confront unjust power structures and mobilizing to challenge oppressive policies. UUSC envisions a world free from oppression and injustice, where all can realize their full human rights.
Learn more abuout UUSC...
Look Inside the CGA Resource Manual
Charitable Gift Annuities: The Complete Resource Manual by Frank Minton, Ph.D., principal author, is the definitive source for practical information on starting and operating a gift annuity program. But don’t just take our word for it! Register online to get a FREE excerpt from chapter 20 on special gift annuity situations – and see for yourself!
Learn more...
Important Reminder: Tax Form Requirements for Gift Annuity Beneficiaries
Organizations with gift annuity programs are responsible for sending 1099-R tax forms to annuitants and the IRS.
The following are the timing requirements and links to the IRS for additional information:
- January: Print the 1099-Rs for 2006; furnish 1099-R Copies B and C to annuitants by January 31.
- February: Send 1099-R info to the IRS; mail 1099-R Copy A forms by February 28 (mailing a 3½" diskette is no longer acceptable).
- April: Alternatively, send 1099-R info electronically by April 2.
Instructions for preparing 1099-R forms...
Filing Information Returns Electronically information...
Planned Giving Manager (PGM) 6.1 is Coming Soon!
PG Calc will release Planned Giving Manager 6.1 within the next few weeks. Highlights of this release include the following:
- Enhanced Comparison of Benefits chart that includes gift annuity taxation breakdown
- Updated gift annuity agreements that reflect recent changes in state requirements
- Updated New York/New Jersey gift annuity rate table for two females
- Updated federal tax tables
The change in the New York/New Jersey gift annuity rate table for two females affects annuities deferred for 5-10 years only. If you need to do a gift annuity calculation for such an annuity before you have PGM 6.1 installed, you can use the current standard ACGA rate table (see Customize – Gift Annuity Rate Tables - ACGA Rates Effective 7/1/2006).
Comments on This Newsletter
Send an e-mail message with your thoughts and/or suggestions to support@pgcalc.com.
This publication is designed to provide information in regard to the subject matter covered. It is understood that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. |
