BILL ANALYSIS �
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|SENATE RULES COMMITTEE | SCR 138|
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THIRD READING
Bill No: SCR 138
Author: Wolk (D)
Amended: As introduced
Vote: 21
SUBJECT : California Plan Your Giving Day
SOURCE : California Plan Your Giving Day Organization
DIGEST : This resolution recognizes and supports the
importance of gift planning by declaring October 1, 2014, as
California Plan Your Giving Day.
ANALYSIS : This resolution makes the following legislative
findings:
1. Gift planning is a source of endowment that provides for the
possibility of long-term funding for charitable purposes; and
opens up options for donors, including identifying assets for
donation that may otherwise be unavailable to charities.
2. Gift planning 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.
3. Gift planning allows for the creation of charitable gift
annuities, permitted by California law, to provide a
charitable tax deduction and an assured lifetime income.
This resolution recognizes and supports the importance of gift
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SCR 138
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planning by declaring October 1, 2014, as California Plan Your
Giving Day.
FISCAL EFFECT : Fiscal Com.: No
SUPPORT : (Verified 8/6/14)
California Plan Your Giving Day Organization (source)
ARGUMENTS IN SUPPORT : According to the author, "This
resolution encourages individuals to consider making charitable
donations, which will result in an increase in funding for
charitable organizations."
MW:k 8/6/14 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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