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 property can be passed to others through an estate plan. While laws pertaining to digital assets continue to evolve, current restrictions to […]
As the Biden administration sets their agenda, 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 […]
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 – […]
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 […]
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. […]
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 […]
The 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 […]
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 […]
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 […]