JUNE - JULY 2022
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What are you doing this summer? If your plans take you out of town, have a great trip and safe travels. On the other hand, if you are staying local, enjoy all that the region has to offer. For those of us in the Chesapeake Planned Giving Council (CPGC) area, outdoor gatherings at the beach or other waterway come to mind. Of course, we must have steamed crabs, corn on the cob, and family and friends.
With vacation in mind, let’s take a look at what has been happening with CPGC lately. Here are some recent highlights:
• June 14th-15th, the National Association of Charitable Gift Planners (CGP) had their 2022 Council Leadership Summit. I attended the virtual event and it was fantastic. Council leaders were in attendance from every corner of the United States. There were several significant takeaways from the Summit that CPGC can use to expand programming for educational events and offerings. We look forward to sharing with you the new ideas in the coming months.
• CPGC had a matching gift campaign that resulted in more than $3,000.00 being raised in support of educational programs and events. The matching gifts campaign ended on June 9th. CPGC thanks all of our supporters and those who contributed to this matching campaign.
• CPGC welcomes three new members to the Board. These are exciting times for CPGC. Fellow directors, Leslie Goldsborough, III, John A. Gilpin, J.D.,CAP®,AEP®, Rock Schuler, CFRE, Steven Wantz, and I, look forward to working with the new directors:
Put this event on your calendar and join us for our summer Lunch and Learn on July 20, 2022, 12:00 PM - 1:30 PM, Village at Augsburg, 6825 Campfield Road, Baltimore, MD, 21207:
Planned Giving Expert Dr. Rosemary Calderalo will help you shift your organization and its development efforts to achieve a robust, sustainable, planned giving program. Join your colleagues at 12 noon to network over lunch-- whether in-person or virtually-- as the program will be offered in a hybrid format! Our program will then begin at 12:30 p.m.
Lastly, I hope you take some time to get out of the office for a vacation - to unwind from the daily grind of meetings, calls, emails and projects. Renew, refresh and enjoy the summer!
All the best,
Aquanetta Betts, J.D.
IRS Releases July Discount Rates
On a monthly basis the IRS releases discount rates, otherwise known as Applicable Federal Rate (AFR), which are used for federal income tax purposes. AFR is listed near the end of the month -- around the 20th -- and is applicable for the following month. For example, August's rate will be announced near the 20th of July. When applying these rates to your charitable deduction calculation, be mindful the rate given is applicable for the month in which the gift is made.
Visit IRS website to see full rates.
Help Me Choose an Executor of My Estate
Reprinted from the Academy of Managed Care Pharmacy [AMCP] Foundation
Tip: It’s a good idea to select a backup person in case your first choice is unavailable or unable.