Charitable Gift Annuity

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Archived

Posted 12/21/2005 11:14:40 AM

Member

Group: Forum Members
Last Login: 3/9/2006 9:13:21 AM
Posts: 35, Visits: 10

Is the deductible portion of a cash contribution for a charitable gift annuity eligible for the increased limitations under the Katrina act? I can't see anything that says it wouldn't be but thought I would check here.

Thanks for your thoughts.

Richard Cassidy

Post #34

Archived

Posted 12/21/2005 11:14:59 AM

Member

Group: Forum Members
Last Login: 3/9/2006 9:13:21 AM
Posts: 35, Visits: 10

From my quick look at the committee report, i suspect the answer will be no. It says that the qualified cash contributions have to be available to the charity between august and december 2005, and contributions to a CRT would not apply unless they are distributed by the CRT to a charity by Dec 31, 2005. I didn't see any mention of a gift annuity, but from the other provisions, I'd expect that a gift annuity won't qualify for the increased limitation.

Bill

Post #35

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