Posts by Rick Durfee
Split Interest Gifts
Split Interest Gifts An asset or property can be divided up in many ways. We can divide if geographically by putting a fence down the middle. We can dividing it over time by renting or leasing it. A split interest gift divides property into two parts. One is gifted, and the other is retained. The…
Read MorePhilanthropy Protection Act of 1995
HR 2519 RDS 104th CONGRESS1st SessionH. R. 2519IN THE SENATE OF THE UNITED STATESNovember 29, 1995Received AN ACTTo facilitate contributions to charitable organizations by codifying certain exemptions from the Federal securities laws, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,…
Read MoreGentrification of Philanthropy
The current transition to older more affluent donors away from younger less affluent donors is the gentrification of philanthropy. Powerful tools make charitable deductions available to a larger number of taxpayers.
Read MoreJurisdictional Diversification
Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not. If you have family members or property or business interests in more than one place, you are dealing with more than one jurisdiction. Most of the time, such jurisdictional diversification happens by accident. We just go where we go…
Read More