BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SCR 94
                                                                  Page  1

          Date of Hearing:   July 5, 2012

                             ASSEMBLY COMMITTEE ON RULES
                                Nancy Skinner, Chair
                     SCR 94 (Wolk) - As Introduced:  May 31, 2012
           
          SUBJECT  :   California Plan Your Giving Day.

           SUMMARY  :   Recognizes and supports the importance of gift 
          planning by declaring October 1, 2012, as California Plan Your 
          Giving Day.  Specifically,  this resolution  makes the following 
          legislative findings:

          1)Gift planning proves to be gratifying for donors who designate 
            their giving to organizations that share values similar to the 
            donor; and, it provides the public with the option of 
            reallocating assets that are otherwise subject to taxation, to 
            social capital, thereby controlling the use and purpose of a 
            person's charitable giving.

          2)Gift planning enables donors who are currently unable or 
            reluctant to make a gift to establish a plan to make a gift of 
            their assets at a later date; and, it opens up options that 
            include identifying assets for donation that may otherwise be 
            unavailable to charities.

          3)Gift planning has a major impact on the future viability of 
            charitable organizations that are highly dependent on the 
            philanthropic spirit of its donors and helps charities build 
            "rainy day" funds that are then available to assist in 
            unexpected emergencies, such as the relief efforts in Haiti.

           FISCAL EFFECT :   None.

           REGISTERED SUPPORT / OPPOSITION  :   

           Support 
           
          None on file.

           Opposition 
           
          None on file.
           
          Analysis Prepared by  :    Nicole Willis / RLS. / (916) 319-2800 








                                                                  SCR 94
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