In the last 15 years, we have worked with over 250 charities ranging from $2 million to $20 billion.
1. Indirect Non-Cash Asset Receipt/Disposition Consulting
To minimize risks of being on the chain of title, tax issues or a very short decision period,, charities may refer non-cash assets like real estate, closely-held business interests and any other illiquid asset to the Dechomai Foundation - a national donor advised fund dedicated to non-cash assets. The Dechomai Foundation handles the due diligence, receives the gift, manages it during the holding period, and then grants all the net sales proceeds based on the donor's recommendation. Dechomai has received more than $1.2 billion in gifts since 2003 ($221 million in 2017 and $387 million in 2018) with an average size of $3.8 million and the average fee on the net sales proceeds has been 1.7%.
2. Direct Non-Cash Asset Receipt/Disposition Consulting
Charitable Solutions, LLC can serve as a project management agent to help foundations receive non-cash assets directly and/or we can help optimize the sales value of "stale" illiquid assets. We can also serve as trustee for Charitable Remainder Trusts for liquid or illiquid assets.
3. Charitable Gift Annuity Risk Management Audits
Many charities operate gift annuity pools either for their own donors, for other non-profits or both. While these gifts are extremely attractive and simple to understand for donors, they also are very complex to manage from a liability and policy standpoint. We have written nearly every paper that has ever appeared on CGA risk management over the last 15 years and have completed over 200 audits on over $2.5 billion in gift annuity assets.
4. Charitable Gift Annuity Reinsurance Brokerage Services
Gift annuity reinsurance may prove effective when charities may 1) be concerned about large, concentrated risks, 2) want the immediate use of the money or 3) wish to distribute an immediate grant to another charity. In these situations, we help design annuity products and then shop the coverage to 213 different carriers to get the best rates possible. We work with over 150 charities and have placed over 2,000 contracts.
5. Life Insurance Appraisal, Audit and Management Services
Charitable Solutions serves as a qualified appraiser of donated life insurance and annuity policies. To substantiate a donor deduction, a qualified appraisal must be completed and the appraiser must complete Form 8283. We also provide comprehensive insurance pool audits for charities.
6. Customized Equity and Loan Impact Investing
Our noncash structure allows us to make direct DAF investments/loans for PRI type investments with longer term or indefinite holding periods. We do not offer investment pools, only the ability to invest directly into a single or small group placement, where all holding period income and future proceeds may be granted subject to our advised fund policies.
7. Bitcoin/Virtual Currency Donations and Appraisals
We have a full cryptocurrency donation platform through the Dechomai Foundation
(donor must use a separate qualified appraiser for donations greater than $5,000).
For cryptocurrency donations made to other charities, we provide qualified appraisal services
and have completed over 200 appraisals since 2014.
For further information please contact Johnne Syverson at 515-227-4050
or email Johnne at: jsyverson@MagnifyYourImpact.com.