Maximize Your Year-End Giving

Are you looking for a way to maximize your charitable giving this year?  The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides several opportunities to maximize your gifts and minimize taxes, including deducting up to 100 percent of your adjusted gross income (AGI) for cash gifts made during the 2021 tax year.  The charitable […]

Estate Planning in the Digital Age

As digital assets become more prevalent in our lives, it is important to include provisions to facilitate access to accounts and passwords as part of the estate planning process. Digital property, like other pro​perty can be passed to others through an estate plan. While laws pertaining to digital assets continue to evolve, current restrictions to […]

Are Tax Changes on the Horizon?

As the Biden administration sets their agend​a, many questions regarding changes to the tax laws remain unanswered. While President Biden’s proposed tax plan includes changes that may impact future tax rates and deductions, as well as potential new tax credits, to date, specific legislation has not been put forward. The following chart outlines some of the […]

Charitable Benefits of CARES Act Extended for 2021

The Consolidated Appropriations Act, 2021 has extended the benefits for charitable contributions made available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion federal relief package signed into law on March 27, 2020. The following benefits are extended for the 2021 tax year: ​Expansion of the universal charitable deduction for cash gifts – […]

What is a life insurance life settlement, and how can it benefit you and WashU?

Did you know that you may use a life insurance policy you no longer need to support WashU? Over the years, you may have purchased life insurance to protect family members or a key employee, or as a vehicle to provide liquidity for estate taxes. As life evolves and laws change, it is a good […]

Looking forward with optimism

Spring has arrived, and with it a renewed sense of energy and optimism. After the many challenges we all faced this past year, it’s a welcome transition. As I reflect on my first year at WashU, I am grateful for the opportunity to work with so many alumni, colleagues and members of the WashU community. […]

CARES Act Includes Provisions for Charitable Giving

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion federal relief package signed into law on March 27, 2020 is designed to help individuals, businesses, and nonprofit organizations facing economic hardship during the coronavirus (COVID-19) pandemic. The CARES Act recognizes the important role that nonprofit organizations like Washington University are playing in […]

SECURE Act provides opportunities for donors and WashU

Th​e Setting Every Community Up For Retirement Enhancement Act (SECURE Act) that was passed into law in December 2019 created several significant implications for charitable giving: Increases the Age for Required Minimum Distributions (RMDs) to Age 72The SECURE Act increased the age requirement for RMDs from 70 ½ years of age to 72 (The CARES Act suspended […]

Five Questions With Russ Austin

Please welcome Russ Austin, associate vice chancellor for planned giving. Russ brings a wealth of gift planning expertise and experience to his new role, most recently serving as Associate Vice President for Gift Planning at the University of Wisconsin Foundation and Alumni Association. He joined University Advancement in March, succeeding Mark Weinrich, who retired in […]

A Plan to Honor Friendship and Build Community

Susan Morgan’s, BS ’01, affinity for WashU began as a high school student in the Architecture Discovery Program. “There’s just something about the identity of the community in the School of Architecture that holds a strong place in my heart and is a very meaningful part of my personal and professional development,” she says. “It […]