$59 trillion transfer

$59 trillion to go to heirs, charity by 2061

Robert Frank | @robtfrank

20 Hours AgoCNBC.com

The greatest wealth transfer in history is underway, according to a new report.

A study from the Boston College Center on Wealth and Philanthropy projects that $59 trillion is expected to be passed down to heirs, charities and taxes between 2007 and 2061.

Deborah Harrison | Photographer's Choice | Getty Images

The study said heirs will receive $36 trillion over that period, while federal estate taxes will receive $5.6 trillion.

Total gifts to charity during the period of the study are expected to be more than $27 trillion, which includes sums from final estates (with no surviving spouse) as well as total lifetime giving.

The study assumes economic growth rates of 2 percent and the extension of current tax provisions. If the economy grows at 3 percent a year, charitable giving could reach $40 trillion, according to the study.

Full post - click here

The full study - Click here

Turing Myths into Gifts

Greg Lassonde, www.greglassonde.com, is demystifying legacy giving to make it accessible to all including our staff and volunteers making legacy gift solicitations.

He defines then breaks 10 paradigms of "old school" planned giving and prefers the focus to be "legacy giving". His reshaping of the estate giving allows for many to be involved in the process and volunteers comfortable in asking for these kinds of gifts.

Check out his white paper of Legacy Giving - Click here

Estate and Gift Planning, Tip #7

The Planned Giving Design Center is one of the best on-line resources and newsletters for the issues, topics, and concerns for gift planning. Sign up for their e-newsletter today. http://www.pgdc.com/ 

Estate and Gift Planning, Tip #6

This might seem very basic.

I had the good fortune in the first week of my professional philanthropy career to literally sit at the feet of the master. I attended a Hank Rosso Fundraising School session in Minneapolis where I had the good fortune of speaking with him directly over the coarse of a week workshop.

Hank's advice was always, "The first gift to any campaign is yours."  Americans in their DNA know if someone has "put their money where their mouth is." So yours is the first gift to any appeal that you make including estate and planned giving.

Yours is the first planned gift to your organization in your new post.

Go through the estate planning process first before you go out and talk with people so that you know what they will go through.  Plan your planned gift to your organization.  Either a bequest or beneficiary designation works fine.

Then you can look people in the eye and say that you have already have done this kind of gift.

peace+

Estate and Gift Planning, Tip #5

MarketSmart.com are creators of marketing tools for all kinds of fundraising.  They put out insightful white papers and presentations on a variety of fundraising topics.

In the Planned Giving area, their download "Inside the Mind of a Planned Giving Donor" using Russell James's research is insightful.

Check it out at:

http://imarketsmart.com/russelljames/