The 2007 valuation rate for new pooled income funds is 4.8%. See an expanded explanation of how this rate is calculated.

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In this issue:

• Featured Topic: Mortality and Life Expectancy: Cousins, Not Twins
• Quick Tip: DemoClips Provide Guide to PGM Features
• HelpClip: Managing Management Fees in PGM
• Time to Update Your Disclosure Information
• Windows Vista and PG Calc Software
• PG Calc Welcomes a New Client - Three Rivers Community Foundation
• Lead Trust School

Featured Topic: Mortality and Life Expectancy: Cousins, Not Twins
Mortality and life expectancy are central to many calculations that gift planners provide to their prospects. Mortality comes into play every time you compute a charitable deduction value for a planned gift that will last for one or more lives. Life expectancy comes into play every time you estimate the ultimate remainder value to charity and total beneficiary payments that will be provided by a planned gift that will last for one or more lives.

Mortality. Life expectancy. These concepts are often misunderstood or even used interchangeably. While related, they are not the same. We will do our best to clear up the confusion.
Learn more...

Past topics

Quick Tip: DemoClips Provide Guide to PGM Features
Planned Giving Manager (PGM) comes with over twenty DemoClips to guide you through many of PGM's most important features.  Topics covered by these animated online slideshows include "How to produce a gift annuity proposal," "Using templates to jumpstart your case," and "How to calculate the deduction for relinquishing a life interest."  Viewing a DemoClip is easy!

• Click the DemoClips button in the PGM Toolbar (the button on the far right with a silhouette of a movie camera.)
• Click on the link to view a DemoClip on that topic.

HelpClip: Managing Management Fees in PGM
Planned Giving Manager (PGM) allows great flexibility in applying management fees. You can have PGM compute fees as a percentage of principal, a percentage of income, or both. You can apply a base fee or a minimum fee. You also can control how fees are paid -- whether from income, from principal, or from both.

PGM's Online Help explains how you can take advantage of all these management fee settings.
See how...

Time to Update Your Disclosure Information
The disclosure statement for gift annuities in our Planned Giving Manager (PGM) software fulfills all of the requirements of the Philanthropy Protection Act of 1995 regarding the disclosure of information to potential gift annuity donors. This statement should be provided to each gift annuity donor prior to the completion of his or her annuity agreement.

If you have been using or plan to use the Gift Annuity Disclosure Statement included in PGM, you should review and update the organization information that appears in this statement. To review and update this information:

• Select Customize - Organization Information in the Menu Bar.
• Select your organization, then click Edit.
• Use the Next button to advance to the Gift Annuity Disclosure Statement screens, and then update your organization information as needed.
• When done, choose File - Save Configuration in the Menu Bar to save your changes for use in future PGM sessions.

Windows Vista and PG Calc Software
Planned Giving Manager, Mini Manager and Gift Annuity Manager will run fine on Microsoft's Windows Vista. While Vista does not support the type of Help system that comes with PGM, a free tool is available from Microsoft that allows PGM's Help system to run. To download and install this tool, select the Help icon in PGM and follow the directions from Microsoft.

GiftWrap has compatibility problems on Vista. We are working on solving these issues in our next GiftWrap release. We also plan to make the necessary changes to make the software compatible with SQL 2005. The release date has not been established but the earliest potential release is late fall of this year.

GiftCalcs, GiftStory and the electronic version of Charitable Gift Annuities: The Complete Resource Manual work well on Vista with Internet Explorer version 7 or higher.

PG Calc Welcomes a New GiftStory Client, Three Rivers Community Foundation
The Three Rivers Community Foundation is a community endowment whose mission is to strengthen and improve the quality of life in the Tri-Cities community in Washington by supporting and enhancing philanthropy and charitable activities.

The Three Rivers Community Foundation was incorporated in 1999 by an all-volunteer Board of Directors. In 2002, the Foundation awarded its first grants. Through a generous bequest, the Foundation is fully funded.

The Foundation is a partnership of donors, nonprofit organizations, and the community working together to strengthen the region and find solutions to the pressing needs of the greater Tri-Cities area. It serves as a conduit between the donor and the nonprofit.

Three Rivers is the greater Tri-Cities public foundation. It will always be a source of support for the community's ever-changing needs. It is a unique philanthropic entity concerned with the entire Tri-Cities community and its social, cultural, medical, environmental, educational and civic needs.
Learn more about Three Rivers Community Foundation...

Lead Trust School
June 11, 2007 John Hancock Conference Center, 40 Trinity Place, Boston, MA

Would you like to have a gift that pays your charity $100,000 a year for 20 years? The relatively low IRS discount rate environment makes lead trusts particularly attractive right now. This class will equip you to talk confidently about this attractive but intimidating gift option.
Register online or call us toll free at 888-474-2252 for more information.

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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.