Charitable Giving Resource Center, through its direct alliance with Charitable Solutions, LLC, provides services for the following types of non-cash assets.
- Direct or Indirect Noncash Asset Receipt/Disposition Consulting
- Charitable Gift Annuity Risk Management Audits
- Life Insurance Appraisal, Audit and Management
- Customized Equity and Loan Impact Investing
- Bitcoin/Virtual Currency Donations and Appraisals
1. Direct and Indirect Noncash Asset Receipt/Disposition Consulting
To minimize risks of being on the chain of title, tax issues or a very short decision period, we help charities refer noncash assets like real estate, closely-held business interests, and any other illiquid asset to the Dechomai Foundation – a national donor advised fund dedicated to noncash 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 $1.62 billion in gifts since 2003 ($400 million in 2020 with an average size of $4 million and the average fee on the net sales proceeds has been 1.6%.
Charitable Solutions, LLC can also serve as a project management agent to help foundations receive noncash 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.
2. Charitable Gift Annuity Risk Management Audits
Many charities operate gift annuity pools either for their own donors, for other nonprofits 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.
3. 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.
4. 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.
5. 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.
