I want to offer a very simple way for you to ascertain whether this, or any other, gift offer might pass muster. Administer the Mama Test. If I would feel uncomfortable sharing my decision on an issue with my Mama I already know it’s unethical.
Johni Hays posted Re: Re: Database of IRA Companies/RIFT Project...... Wells Fargo Comes Through for Charities!37 RepliesThat's fabulous information, Karen!! Thank you so much for sharing. It's great information like this that makes the RIFT database work for all our fellow nonprofits across the country. I encourage anyone who has good information like this to please pass it along to me and I'll update the RIFT database. It is made for all nonprofits to access at anytime...
I have not had any feedback before now about them not paying an IRA death claim quickly. Are they requiring an Inherited IRA account to be set up? If so, use Charles Schultz's "A" letter. Click here.
Charles Schultz “A” letter
Only send this letter to the general counsel there. Don't send it or communicate with others there -- they won't have the autho...
Although its use is quite common (and even may have been in the name of the earliest legislation around this; I can't recall) , I don't care for "IRA Rollover," either. I think it's because "rollover" is the term used in the personal finance industry when an investor is moving retirement funds from one type of account to anot...
2 RepliesThe International Community Foundation in National City, CA should be able to help you facilitate this gift. https://icfdn.org/
In addition to the suggestions above and having an open conversation with the donor, if the motivation is to get some money back to the friend, does your organization accept CGAs? Maybe he could do an annuity fbo his friend? It would remove the auto from the equation and would obviously require you to have a heart-to-heart regarding the motivation/end goa...