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Office of Trusts, Estates, and Gift Planning

Cornell University
130 E Seneca Street, Suite 400
Ithaca, NY 14850
Phone: 1.800.481.1865
Fax: 607.254.1204
Email: gift_planning@cornell.edu


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Free Weekly GiftLaw Tax eNewsletter
Monday, February 8, 2010
Case of the Week
Bill Russell grew up on the Great Plains. During his youth, he was a rodeo bull rider and gained fame as "Wild Bill" for his daring exploits. But Wild Bill was an artist at heart and soon decided to move on to his artistic pursuits. He traveled throughout America and Europe and studied all of the great modern and classical artists. In France, he was greatly impressed by the delicate works of Impressionist painters Monet and Manet and the bold colors and brush strokes of Van Gogh. Upon his return to his beloved great plains of the west, Wild Bill combined the subtlety of the Impressionists, the colors of Van Gogh and his own unique skills. >> More
FEATURED ARTICLES
Reinsurance of a gift annuity involves payment of a premium by the charity to a company qualified to issue annuities in that state.

When a charity receives a gift annuity, it usually has the option to retain the annuity in a designated reserve fund and invest that fund. >> More
On February 1, 2010, the White House released the budget for fiscal year 2011. The budget projects a spending level of $3.8 trillion and a deficit of $1.56 trillion. >> More
OTHER ARTICLES
Washington Hotline
  • Senate Increases Debt Limit to $14.3 Trillion
  • Case of the Week
  • Wild Bill Russell's Art Gift
  • Article of the Month
  • Reinsurance of Charitable Gift Annuities – Part I
  • Private Letter Rulings
  • No Estate Tax Deduction for Residuary Paid to Trust
  • Private Foundation's Grants Are Not Taxable Expenditures
  • BILLS/CASES/IRS
  • Tax Cases
  • Bills Pending In Congress
  • Internal Revenue Code/Regulations
  • Revenue Procedures/Notices
  • Revenue Rulings

  • The content in these articles does not reflect the views or opinions of the charitable organization.
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