The SECURE and CARES Acts: Strategies for Planned Giving

Description

The passage of the SECURE Act in December 2019, which stands for “Setting Every Community Up for Retirement Enhancement,” will impact retirement plan accumulations and distributions. As professionals who work with donors and clients to help them achieve their philanthropic and legacy goals, we need to understand these changes and how they might affect our clients’ and donors’ decisions around philanthropy. During this meeting, we will explore and discuss the following provisions:

• The age for requiring participants to begin taking mandatory distributions (RMDs) increased from 70 ½ to 72;
• While those 70 ½ no longer have to take an RMD, they are still allowed to make qualified charitable distributions (QCDs) , a smart tax move; and
• The stretch provision on inherited IRAs is not limited to ten years.

We will also discuss the various charitable provisions included in the CARES Acts, and an update from the National Board of Charitable Gift Planners.

Speaker

Cindy Atmar

Cindy Atmar, currently Director of Trusts, Estates and Gift Planning at The University of Texas MD Anderson Cancer Center, has held leadership positions for the American National Red Cross, CHRISTUS Santa Rosa Foundation, Juvenile Diabetes Research Foundation and the Leukemia & Lymphoma Society over a 30-year career.  She speaks on the topics of gift planning, nonprofit leadership, major and blended giving, and serves as an instructor at the Rice University Center for Nonprofit Leadership.  Cindy has been a Certified Fundraising Executive since 2003 and is a member of the National Association of Cancer Center Development Officers (NACCDO) and the Association of Fundraising Professionals.  She serves as Chapter President of the Charitable Gift Planners of Houston (CGPH) and as founding Co-Chair of the NACCDO Planned Giving committee and was founding Chair of Community Health Charities of Texas.

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