An examination of Internal Revenue Service administrative policies regarding Internal Revenue Code and Treasury regulations on charitable remainder trusts and pooled income funds concludes that rulings on the former have been few and results unexpected while those on the latter reflect the legal complexities, some being substantively and…

Surveys the federal tax implications of "immediate" charitable gift annuities (annuity payments beginning within one year of transfer) and "deferred payment" charitable gift annuities (beginning at a specified date), both of which enable individuals to make a charitable gift, retain a form of life income, and achieve federal…

Examines several private savings vehicles that have emerged in recent years to help with paying for college. These include: CollegeSure certificates of deposit; custodial bank accounts; education trusts or 2503 trusts; and the Tuition Plan Consortium. Discusses questions that college or university business officers should think about regarding…

The Maryland Health and Higher Educational Facilities Authority performs various functions including: issuing bonds and bond anticipation notes; fixing rates and collecting user rents and fees; constructing, acquiring, and maintaining institutional projects; contracting for operation and maintenance of projects; establishing rules and regulations…

Reviews the Tax Reform Act of 1969 with regard to income, estate, or gift tax deductions available for the gift or bequest of a remainder interest. Compares the various types of deductible charitable remainder gifts. Legal forms are included for pooled income fund trusts and for charitable remainder annuity trust gifts and unitrust gifts. (JT)

Examines three areas of vulnerability of charitable trusts which provide scholarships restricting applicants to one sex. The first area is based on constitutional grounds; the second, under the 1972 amendment to the Education Act; and the third, the entitlement of tax exempt status. (Author/PG)

In 1969, in a report to The Ford Foundation entitled "The Law and the Lore of Endowment Funds," William L. Cary and Craig B. Bright summarized the results of an extensive survey of the law governing college and university endowment funds. The key conclusion of the report is that "there is no substantial authority under existing law…

The annuity and trust income program (deferred giving) permits donors to give more than they thought they could. Suggestions for establishing and monitoring such programs are offered in this article, which is a condensation of remarks at the National Conference on Trusteeship. (Author/LBH)

Complexities in managing TIAA-CREF contracts are reviewed. Attention is directed toward participation, period considerations, selection of retirement age, retirement income transition, estate considerations and beneficiaries, voluntary additional contributions, and supplemental retirement annuity contracts. (LBH)

Prisoner's Dilemma is a common game theory scenario in which two players must choose between acting cooperatively or out of pure self-interest. What a player decides affects not only his own outcome but also that of the other player. "Friend or Foe," a TV game show that has appeared on the cable Game Show Network (GSN), places pairs of contestants…

This paper chronicles the life of George Peabody, intermingled with anecdotes on how the researchers gathered data in their studies. A brief overview of Peabody's life introduces the paper with a personal narrative of how the authors' search for details on his life began. Both researchers had affiliations with educational institutions resulting…

Two major designs have recently evolved for state involvement in college savings plans. The first concept, the tuition prepayment plan, was pioneered by the state of Michigan by passage of legislation in December 1986. The second concept, college savings bonds, was created and enacted the following year in Illinois. When questions arose about the…

This report relates the operations of the Manitoba Teachers' Retirement Allowances Fund for its fiscal year ended on December 31, 1982. A copy of the Provincial Auditor's Report on the Accounts is attached as well as the related financial statements. Included in the report are: (1) graphs displaying notable financial and statistical items; (2)…

This booklet is part of a series of monographs focusing on conflicts of interest in different sectors of the financial industry. This particular study examines a number of conflict-of-interest problems related to the management of public pension funds. In his discussion, the author analyzes a variety of related problems, such as the selection of…

The background and development of the Securities and Exchange Commission's "ectoplastic" theory are discussed and as a case study provides a detailed analysis of its application to pooled income fund trusts maintained by charitable and educational institutions. Implications for the qualified pooled pension plan are also discussed. (Author/LBH)