House Ways and Means Committee member Tom Reed (R-NY) introduced the Reduced Excessive Debt and Unfair Costs of Education (REDUCE) Act ("Bill"), which would eliminate deductions for restricted gifts to colleges and universities above $5,000 per year, while increasing the tax deduction to 25% for unrestricted gifts and 50% for gifts designated for scholarships, a Reed spokesperson told Tax Analysts.

The Grantor CLAT offers a large income tax deduction in the year of the gift.

Matured bequest administration is often the "orphan" of planned giving in that little attention or help is provided to planned giving staff regarding how to effectively collect these gifts. Despite the fact that deceased donor gifts are the culmination of a planned giving program, many thousands of bequest dollars remain uncollected or are collected at an unacceptably slow rate. This article provides those charged with the collection of matured donor gifts some highly practical tips and techniques (that do not necessarily require the hiring of an attorney) for collecting what is due their organization. It includes what to ask for and when, what to do if your request is ignored, how to spot problems on accounting and tax returns (including avoiding income taxes, and effectively collecting IRAs/life insurance/POD accounts), how to (politely) decline a request to return your bequest, and when to join in/sit out litigation with or without an attorney. Samples of suggested letters, tax code citations, tax and probate forms are included.

The Service consolidated Rev. Procs. 81-6, 81-7, 89-23, and 2011-33 into Rev. Proc. 2018-32, to improve access to information for grantors and contributors to tax-exempt organizations regarding deductibility of gifts and ability to rely on IRS databases.