In This Issue
December AFR Rates! Updated Monthly!
Testimonials
The Old Fashioned "Thank You"
The $5million Gift Tax Exemption

About Us

 

Davenport & Barr

 

Spencer Group

Tip of the Month

 

Gifts from IRA accounts

 

Individuals who are age 70 ½ or older can make gifts directly from their Individual Retirement accounts (IRA) to charitable organizations they care about. The opportunity to do this is limited as the rule expires on December 31, 2011. Charitable organizations are missing the boat if they do not promote this unique opportunity during November and December.

 

For promotional and implementation materials contact www.davenportbarr.com or call 603-356-3311.

 

 

December 2011 AFR Announced


IRS Applicable Federal Rate (AFR) for December 2011 is 1.6%.

This rate, also known as

the Discount Rate, slightly above the all time lows for October and November, which means that charitable deductions on

new gift annuities and charitable remainder trusts will continue near their lowest levels.

 

For more information,

contact Davenport & Barr.

(603) 356-3311

BIG NEWS!!!

 

Davenport & Barr and Spencer Group are pleased to annouce  video production of their workshops!

 

Stay tuned for the first video of their most recent presentation:

" From Loyalty to Love" presented at the AFP 2011 Annual Conference.

 

You will be able to find our videos on our website, and on our YouTube Channel.

 

We will announce the posting of the first video shortly!

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 Beyond Philanthropy Vol.1, Issue 3

December, 2011

 

During this time of giving thanks and looking ahead to a New Year, Davenport & Barr and Spencer Group extends deep appreciation to all of our clients, colleagues and friends for your involvement with our firms during this past year.

 

We wish you a joyous holiday season and a very thriving year in 2012.

 

Sincerely,

 

Karen & Mike Davenport

Anastacia Barr

Mike Spencer

 

 

  

Give Your Donors What They Deserve  

 By Karen Davenport

 

 

 

Whew! It is just after Thanksgiving and your

Karen & Mike for Davenport & Barr
Karen Davenport, President, Davenport & Barr

 end-of-year mailing has dropped . . . and now you're waiting for the gifts to roll in! 

 

But once they do . . . your donors are now waiting to hear from you! Whether it's a check for $25 or a transfer of $25,000 in securities, every donor deserves a PROMPT, warm and personal thank you response. Remember that your donors are people. And people give to people.

 

So be sure to update and refresh your thank you letters each time you send an appeal, just as you would if writing to a friend -- there is no greater turnoff to a consistent donor than receiving a "cookie cutter" acknowledgement letter.

 

Adding a handwritten personal note at the bottom takes no time and adds no extra cost, but is an easy way to send an individual, personalized message that people will read. Don't forget the IRS substantiation language for gifts of $250 or more (which includes the amount contributed and a statement that no goods or services were provided in consideration for the contribution).

  

 

Finally . . . don't stop there! Ask board members or volunteers to call donors to communicate an extra thank you. Studies show that when donors receive this type of follow-up call, subsequent gifts tend to increase, and even more importantly, these organizations maintain high donor renewal rates. By giving your donors what they deserve, your organization gets what it deserves as well - people who treat you like they would a close friend - and like a close friend -- they will likely be there when you need them the most!

 

 

 

 For More Information contact Davenport & Barr

603-356-3311 or visit www.davenportbarr.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gift Annuity Rates to Change January 1, 2012

By Mike Davenport

 

Karen & Mike for Davenport & Barr
Mike Davenport, Founder, Davenport & Barr

 

The American Council on Gift Annuities recently announced new suggested maximum rates to go into effect on January 1, 2012. The new rates are significantly lower than those currently in effect. The new schedule reflects a change in the assumption that the total annual investment return on the annuity reserve fund has been lowered from 5.00% to 4.25%. In general, the new rate schedule reflects a decrease of .7% - .8% across most annuitant age categories.

 

The new suggested rate schedule continues to assure that the residuum realized by charitable organizations will be 50% of the gift amount, and that the gift value will continue to make the contribution value greater than 10% as required by law. This change will make it easier for gift planners to provide gift illustrations that will meet the 10% test.

 

The work of the American Council on Gift Annuities continues to be an extremely valuable resource for charitable organizations who offer gift annuities to their donors. The new changes reflect the current economic and investment climate in America.

 

 

 

The $5million Gift Tax Exemption in the Balance

By Mike Davenport

 

     In light of the pressing need to find new sources of revenue, speculation has been swirling that the Congressional Super Committee may propose legislation that will  reduce the $5 million federal gift tax exemption to the $1 million 2009 levels before the end of 2012 (even though the Office of Management and Budget Report refers only to the estate tax).

 

     Speculation includes the possibility that this may occur as early as Nov. 23 (the date on which the Congressional Super Committee must issue its proposal). While some professionals believe that an accelerated change in the law is unlikely to occur, it's impossible to predict the outcome with certainty."

 

To read more, please go to the link below.
 

 

http://trustsandestates.com/wealth_watch/super-committee-proposals-estate-gift-tax-1110/

 

 

Helpful Resources: