2011 Planned Giving Year-In-Review

In the wake of the dramatic changes to the federal gift and estate tax laws brought about by the enactment of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the "2010 Tax Relief Act"; P.L. 111-312) at the end of 2010, 2011 was relatively quiet. It brought few statutory changes on the charitable giving front, aside from the expiration of certain tax provisions noted below. Nevertheless, new case law, Internal Revenue Service rulings and economic trends have provided more than a few topics for discussion in this update. Meanwhile, with the 2010 legislation set to expire at the end of 2012, we anticipate more excitement on the horizon.

Expiration of Tax Laws Relating to Charitable Gifts