The unexpected onslaught of COVID-19 has produced many responses – including the Federal Reserve reducing interest rates to historic lows. One key interest rate — known as the IRS discount rate (or Internal Revenue Code section “7520 rate”) — directly affects the deduction value of certain types of charitable gifts. The last time this rate approached […]

Charitable trusts can be a great way to support the causes you’re most passionate about while achieving your own financial goals. This is the second article in a three-part series addressing types of charitable trusts, including charitable remainder unitrusts, non-grantor charitable lead trusts, and flip charitable remainder unitrusts. There are many ways to support charity […]

Ron Nicol M.B.A. ’86 knows the value of a financial helping hand. Having grown up in a family of modest means, he paid for his undergraduate degree at the U.S. Naval Academy with a promise of five years of active duty.  (He actually served seven.) Later, as a young father working in Lynchburg, Virginia, he […]