Intra-family transfer of closely held stock through donor advised fund avoids recognition of gain.

This article discusses the ideal planned giving advisory council, and how to choose and attract your top prospects. This article explains the benefits of a well-run PGAC, including credibility, access, publicity, reputation, free “advice,” and increased planned gifts. This paper also discusses ways that this marketing and relationship-building council differ from a committee of the board, and how to inspire collaboration that benefits their clients and your donors.

In Estate of Warne (Estate), a Tax Court Memorandum Decision, the court addressed multiple valuation issues, including a bequest to two charities by the decedent of a limited liability company that owned land and buildings. Her revocable living trust directed a gift of 75% to the family foundation and 25% to the decedent's church. The Court found that discounts should be applied and would reduce the charitable estate tax deduction by 4% and 27.385%, respectively.

In Rev. Rul. 2021-5, the Service announced the Section 7520 rate for March will increase 20 basis points to .8% after being at .6% for the last three months. The average rate for 2020 was 0.95%, while the average rate thus far for 2021 is 0.67%.