Donors use a DAF to avoid capital gain on the sale of an asset, reduce income tax, and endow their charitable giving.

This article provides insight to the sophisticated gift planner on the cultivation, negotiation and closing of complex real estate gifts. Special focus is on the analysis and structuring of real estate to fund planned gifts with the objective of minimizing risks that the unwary charity might otherwise encounter. The topics covered assume the reader already has exposure to and training in the basic issues relating to real estate gifts. Upon completion, the reader will have greater comfort with planned gifts funded by real estate and an enhanced knowledge to make more informed recommendations to the governing board about real estate donations.

On March 25, 2021, Bernie Sanders introduced legislation known as "For the 99.5% Act" (Bill), which will likely be the foundation for estate tax reform this calendar year.

In Rev. Rul. 2021-7, the Service announced the Section 7520 rate for April will increase 20 basis points to 1.0%. The average rate for 2020 was 0.95%, while the average rate thus far for 2021 is 0.75%.