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Clearing the Regulatory Cloud on Charitable Gift Annuities

Are you concerned about charitable gift annuity regulations and compliance?

One of the most popular planned gifts is the charitable gift annuity (CGA). Charities that offer CGAs should be aware many states regulate the issuance of gift annuities and the organization may be required to comply not only with regulations in the state in which the charity is located, but also in the resident state of the donor. Some states require registration and annual filings, others require only certain criteria to be met.

Confused? Concerned? PNC Institutional Advisory SolutionsSM is ready to help! Listen to a replay of our webcast: “Clearing the Regulatory Cloud on Charitable Gift Annuities” where our Planned Giving professionals offer insight on:

  • The four categories of regulation for CGAs
  • What charities should consider when looking to register
  • The time, effort and money required for state registration and annual filing
  • A review of gift options, in particular, those that will benefit charities that choose not to register in all states

To listen to a replay of the webcast, click here.

Research and Publications

PNC's team of investment strategists examine and provide key insights on financial market challenges and opportunities that affect institutional investors.
Quarterly Investment Strategy
    Multifamily REITs: Stronger for Longer
    Fourth Quarter 2015
    This issue of Investment Strategy Quarterly takes a deep dive into real estate, focusing on the multifamily industry, and reviews how we believe the asset class is likely to behave. Real estate may get a bit less attention than the broader equity markets, but it is certainly no less affected both by secular drivers and the significant changes occurring in the current market environment.

    Near-Term Caution and Long-Term Opportunity: An Emerging Markets Story
    Third Quarter 2015
    In investing, and in life in general, balancing both the short term and the long term can be a critical element of success. Identifying these trends in isolation is often a simpler task, especially compared with the art of implementing contradictory strategies necessary to navigate each distinct time period.

    The Big Picture
    Second Quarter 2015
    Often, it may seem that only negative events surprise the markets. Every so often, however, a positive market event is the driver, such as the recent drop in oil prices, which have fallen quite significantly since the summer of 2014. With prices continuing to test new lows, we believe many investors are likely beginning to question the broader-reaching implications.

    Capital Markets Review
    First Quarter 2015
    First-quarter 2015 saw a meaningful increase in volatility across asset classes, as numerous global forces continued to evolve. Everything from stocks and bonds to currencies and energy struggled to find direction amid a global economy that is still dealing with myriad uncertainties.

    Deleveraging Aiding a Longer Recovery
    Fourth Quarter 2014
    The U.S. economy has made significant strides since the financial crisis and subsequent Great Recession. Looking back, we now know that at the heart of the financial crisis was a massive buildup of credit that ultimately resulted in a bubble. Since then, we note the significant deleveraging that has taken place. In this paper we explore the impact this deleveraging has had on the economy.

    Pensions: Funding Requirements May Increase in 2014
    Third Quarter 2014
    In the aggregate, pensions ended 2013 on their strongest footing in more than five years. Last year, rising interest rates and stellar stock price performance helped the pension assets of S&P 500® companies increase by $303 billion—possibly one of the largest single-year increases ever. As a result, the average funding ratio'the percentage of liabilities covered by assets'of S&P 500 companies by year-end 2013 jumped 21 percentage points to 95%, its highest level since 2008.

    Using Data to Understand Performance
    Second Quarter 2014
    An important step in investment management is analyzing portfolio performance. Interpreting the underlying data and stock performance is imperative, but it can be a complex process. Many investors do not have the time or resources to spend studying all stocks they own or may consider owning, whether individually or through a managed product or exchange-traded fund. An advisor can lend experience and understanding in this area, as can an active manager.

    Smart Beta
    First Quarter 2014
    Since the tumultuous market environment that accompanied the financial crisis, investors have had increased interest in looking for alternative portfolio construction methodologies in order to better weather market volatility and losses. One seemingly complex-yet once explained, understandable-recently mainstream institutional investment option is the concept of smart beta investing.

    Pension Funds: Facing Higher Interest Rates
    Fourth Quarter 2013
    Over the past 30 years, pension funds have endured a long period of falling interest rates. What impact will rising rates have on these plans?

    Defined Benefit Pensions: Addressing Underfunding
    Third Quarter 2013
    The financial crisis and subsequent persistent low-interest-rate environment has magnified key issues regarding defined-benefit pensions. Although these issues are reasonably easy to identify, solutions are often challenging, and may be painful to implement.

Monthly Investment Outlook
    December 2015 - The End of an Era: 2016 Outlook Part I
    We believe 2016 will bring continued economic expansion for the United States. The Federal Reserve (Fed) is moving back toward normalization in terms of monetary policy, while several other major central banks around the globe, including the European Central Bank (ECB) and the Bank of Japan (BOJ), continue to provide monetary stimulus to support economic growth. In contrast, the strength in the U.S. economy is the primary determinant in the Fed’s decision to raise interest rates—a signal that the economy is in a position of strength, having come far from the days of the Great Recession.

    November 2015 - Consumer Homecoming
    After a tumultuous summer in the markets, marked by uncertainty surrounding global growth and growing skittishness around trying to time when the Federal Reserve (Fed) will raise interest rates, markets appear to have found solid ground once again. The Fed’s move to normalization in terms of monetary policy is in line with its view that this would occur with a stronger U.S. economy.

    October 2015 - The Tortoise and the Hare: The Fed versus the Markets
    The Federal Reserve (Fed) has long held the view that a move to normalization in terms of monetary policy would occur with a stronger U.S. economy. Financial markets acknowledge this as well; over the past year the economy has continued to strengthen and recover from the aftermath of the Great Recession.

    September 2015 - Bear in a China Shop
    Bucking tradition, markets have not been given a quiet period of vacation this summer. In recent weeks, moves out of China have sent markets skittering. It all started with special drawing rights(SDR), or so it may appear. China enacted policy changes, seemingly following the International Monetary Fund’s (IMF) decision in early August to delay adding China as a reserve currency. On August 11, 2015, the People’s Bank of China (PBOC) surprised markets by announcing a change in exchange rate policy to a more market-determined one, which had the immediate effect of devaluing the Chinese renminbi (yuan).

    August 2015 - Questioning the Bulls and Bears
    With markets attempting to digest and forecast a series of influential events around the globe, volatility picked up considerably in recent months. The broad-reaching implications from Greece and its debt woes; the continued U.S. economic recovery and the outlook for interest rates; the slowdown in China, the world’s second largest economy; and the impact of low oil prices, among other market events, are certainly a lot to follow.

    July 2015 - A New Simple Rule
    PNC Chief Investment Strategist Bill Stone discusses portfolio rebalancing and the addition of alternative assets to a traditional allocation for qualified investors. He goes on to discuss the PNC Alternative Investment Tactical Allocation Portfolio strategy, which is designed to provide qualified investors with alternative exposure through a risk-targeted and intellectually consistent solution using liquid alternative products.

    June 2015 - A New Season for Japan
    In 2014, Japan passed through yet another period of recession. In the June Investment Outlook, PNC Chief Investment Strategist Bill Stone discusses Japan’s recent economic history, current economic trends, and financial markets. Also reviewed is the recent asset allocation change that includes Japan equities—FX hedged.

    May 2015 - Drilling into MLPs
    With master limited partnerships (MLPs) one of the fastest growing asset classes over the past decade, in PNC’s May Investment Outlook, Drilling into MLPs,PNC Chief Investment Strategist Bill Stone reviews the risks and rewards of MLP investing. Then, he discusses the recent changes to the international component of PNC’s asset allocation.

    April 2015 - China: Slowing Not Breaking
    China, the world’s second-largest economy, understandably garners much attention. Lately, headlines regarding slowing growth in China seem to dominate references to the country, which can be worrisome to investors, given the size of China’s piece of the global economic pie. And yet despite this, the U.S. economy continues to expand.

    March 2015 – Pensées: Active versus Passive
    Investors seem to be questioning the value of active investment strategies amid weak relative returns, concerns about transparency, and other issues. In this issue, we highlight the advantages and disadvantages of both passive and active strategies, and why we believe most investors are best suited by a combination of both.

    February 2015 - Addressing the Wall of Worry
    Markets have had to digest a host of economic and market data, as well as geopolitical concerns, over the past few months. Despite the continued economic recovery in the United States and the good relative equity market performance, there is an air of uncertainty surrounding the broader global landscape.

    January 2015 - Themes for a Divergent Year: 2015 Outlook Part II
    This month’s Investment Outlook title reflects our view that 2015 will bring a year of continued economic expansion in the United States. This will be a diverging trend from some other developed countries, whose economies are forecast to experience slowing growth while U.S. growth speeds from the 2014 rate.

    December 2014 - Divergent Paths: 2015 Outlook Part I
    We believe 2015 will be a year of continued economic expansion for the United States. Global trends indicate a divergence of growth, with the U.S. economy forecast to expand at a faster pace than this year, while some other developed countries’ economies are forecast to experience slowing growth.

    November 2014 - Bonds: Stirred, Not Shaken
    The bond markets have certainly had an interesting ride over the past year and a half. A three-decade run in bonds seemed to falter in the summer of 2013 with the beginnings of the Federal Reserve (Fed) taper talks, which eventually eased.

    September 2014 - Old Man Economy: Timing the Shifts of an Economic Expansion
    In the September Investment Outlook, Old Man Economy: Timing the Shifts of an Economic Expansion, PNC Chief Investment Strategist Bill Stone discusses the current economic recovery in the context of history and analyzes how far along it is in the recovery cycle. He also takes a look at the financial markets relative to the business cycle.

    August 2014 - Nation's Inflation Conversation
    The debate on whether consumer prices are rising and whether monetary prices will result in higher inflation is an important one from both economic and market

    July 2014 - Eurozone: Then and Now
    The Eurozone front has certainly been a bit quieter in the past 9-12 months. But the region is neither out of sight nor out of mind in our view; we continue to closely monitor this important economy.

    June 2014 - REITs: Don't Call It a Comeback
    We believe the dynamics of what's happening with REITs in 2014 reaches beyond the perspective of a direct investment, and we find it useful from a market and economic viewpoint to understand what fundamental drivers of REIT returns are at play.

    May 2014 - Mind Over Money
    This month's issue offers an analysis focusing on humans' natural tendency to look for patterns or causal relationships, even when there are none, and how knowledge of probabilities can help investors make better investment decisions.

    April 2014 - Spring Break
    As we get set to put away our winter coats, we take a moment to discuss the impact the cold winter has had on the economy and if there could be lingering consequences for the markets. In this vein we look at the economic data as well as what corporations are saying in terms of winter's impact.

    March 2014 - Troubles Emerge
    The global market environment at the start of 2014 has given investors pause. After a strong 2013, risks appear to be affecting market sentiment.

Weekly Market Guide
  • Update of market and economic data releases.
  • Week in review commentary from our Investment Strategy Team.