“I was seldom able to see an opportunity until it had ceased to be one.” –Mark Twain
2014 has commenced in a very different climate than 2013. At the end of 2012, lawmakers were embroiled in tough negotiations over the fiscal cliff, which ultimately resulted in the American Tax Payer Relief Act of 2012 (ATRA). Today we have a much better understanding of the impact of ATRA. With more certainty in tax and estate planning than we have had in many years, we all have the opportunity to evaluate our long term goals and decide exactly how we intend to achieve them. For those with an eye towards philanthropy, the low interest environment is still with us (for now), which means opportunity abounds for certain vehicles such as the charitable lead trust, and life income gifts that can produce a much greater remainder benefit to your favorite charities… and hopefully your favorite institution of higher education.
The Office of Planned Giving presents this issue of the Financial Guide to give you some ideas about how you might reach your own philanthropic goals as you navigate the long road ahead. If you read something that you would like to learn more about, please feel free to contact our office. We would love to hear from you.
Best wishes from Purdue,
Marcus A. Knotts
Assistant Vice President of Planned Giving