BILL ANALYSIS �
SCR 138
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Date of Hearing: August 21, 2014
ASSEMBLY COMMITTEE ON RULES
Richard S. Gordon, Chair
SCR 138 (Wolk) - As Introduced: August 4, 2014
SENATE VOTE : 36-0
SUBJECT : California Plan Your Giving Day.
SUMMARY : Recognizes and supports the importance of gift
planning by declaring October 1, 2014, as California Plan Your
Giving Day. Specifically, 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.
FISCAL EFFECT : None
REGISTERED SUPPORT / OPPOSITION :
Support
California Plan Your Giving Project
Opposition
None on file
Analysis Prepared by : Nicole Willis / RLS. / (916) 319-2800
SCR 138
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