How Do You Spell Relief? Charitable Giving in the Wake of the New Tax Law

• This time it is different
• Changes in capital gains tax rates
• Impact of the TRA on planned gifts
• A Case in Point

In the News...

• The state(s) of giving
• Fund raisers in high demand
• "Cultural Creatives": Emerging social group embraces charitable causes

AFMR Discount Rates

Here is the trend in adjusted federal midterm rates (AFMRs), which are used in calculating the benefits of split-interest gifts:

MARCH 1997	7.8%
APRIL 1997	7.8%
MAY 1997	8.2%
JUNE 1997	8.2%
JULY 1997	8.0%
AUGUST 1997	7.6%
SEPTEMBER 1997	7.6%