Alphabet Soup
CRT
What is a Charitable Remainder Trust?
If you're givin' while you're livin', then you're also doing this.
What is, knowin' where it's goin'?
IC
What is Iron City?
I've named CMU as part of my estate plan
What is "Please fill out this form so we can count your gift to the campaign?"
Capital gains taxes are applied to investments that are held for at least this period of time.
What is at least 1 year?
CGA
What is a charitable gift annuity?
Old people avoid buying this type of produce
What are Green Bananas?
What is an Old Fashioned?
I can't get together now. I'm too busy selling my company
What is, "Sorry to bother you. I'll call you again in a few months."
The tax term for the original value of an asset, usually the price that someone paid.
What is cost basis? (or basis)
QCD
What is a Qualified Charitable Distribution?
Chunky Charlie's second wife
Who is the Blond Bimbo?
Total number of beers before Joe Bull is drunk
What is one?
CMU is in my estate, but I'm not comfortable sharing any other details
What is "but if you fill out this form, we can count your gift to the campaign?"
Started in 2020 and then continued for 2021, an individual donor who DOES NOT itemize their taxes can still claim this amount of a gift as part of a "universal" tax deduction.
What is $300?
CRUT
What is a Charitable Remainder Unitrust?
For estate taxes, you can pay them, delay them, or do this.
What is Avoid them altogether.
Paired nicely with a mullet, this malted beverage from the late 80s and early 90's didn't age well.
What is Zima? (We will also accept Boone's Farm)
My entire estate is going to my children and grandchildren
What is, "but you just told me that your son is a knucklehead and your granddaughter refuses to speak to you"?
DAILY DOUBLE!
Gifts of long term appreciated assets are deductible up to this percentage of adjusted gross income (AGI)
NICRUT
What is a Net Income Charitable Remainder Unitrust?
A common device that answers every question.
What is a Google Machine?
Combined with Malt, Hops, and Yeast, this 4th ingredient is needed to produce beer
What is water?
Richard Grinell has my vote for the next President of the United States
What is "I'm sure Matt Weinstein will love to hear from you"?
What is 10 years?