-- It isn't effective until 2011. Non-profits have time to prepare themselves and their donors by retuning their fundraising campaigns. -- Donors can still make gifts in 2009 and 2010 that are deductible up to their highest tax rate. -- It only applies to the wealthy at the highest income tax rates. -- The vast majority of charitable gifts comes from people with lower incomes who aren't taxed at the highest rates (63% in 2004, Giving USA 2007). -- And the wealthy give only about one-third of the charitable dollars (versus number of gifts) in the U.S. (30.5% in 2004, Giving USA 2007). -- Plus, tax considerations are not the primary motivation for charitable giving (33% cited tax considerations in U.S. Trust Survey of Affluent Americans, 4/24/07). -- The vast majority of donors rank "help others less fortunate/it's right to do/set an example" as their top 3 motivations for giving (ranked 1- 3, 81%, 75%, 22%, (WSJ Online/Harris Interactive Poll, November 2005)."Even in these tough times, middle-income donors can accomplish their giving goals -- and help themselves through the recession -- with advance planning and understanding of the tax laws governing deferred giving," says Martignetti. "This is a scary time for many non-profits and the people who benefit from them, but it's important to recognize that the large majority of charitable gifts come from people of modest means, in good markets and bad. That's not going to change." About Martignetti Planned Giving Advisors Based in New York, Martignetti Planned Giving Advisors, LLC is a planned giving consultancy that works with a wide range of educational, cultural, social service, religious and healthcare institutions to create donor opportunities for middle-income investors. For more information about Martignetti Planned Giving Advisors, go to www.mpgadv.com
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