A Slow Economy and an Estate-Tax Logjam Hamper Drive for Bequests
May 16, 2010
By Holly Hall
Charity efforts to win bequests and other estate gifts have slowed—coming to a complete standstill in many cases—because of the bad economy and a Congressional logjam over the estate tax.
What’s more, the amount many charities receive from bequests they were already promised has grown smaller, in part because the values of real estate and stocks have dropped so much. In many types of charitable trusts and other gifts that charities receive when a donor dies, the…
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