Bill Text: CA SCR5 | 2011-2012 | Regular Session | Chaptered

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Bill Title: California Plan Your Giving Day.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2011-05-23 - Chaptered by Secretary of State. Res. Chapter 18, Statutes of 2011. [SCR5 Detail]

Download: California-2011-SCR5-Chaptered.html

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BILL NUMBER: SCR 5	CHAPTERED
	BILL TEXT

	RESOLUTION CHAPTER  18
	FILED WITH SECRETARY OF STATE  MAY 23, 2011
	ADOPTED IN SENATE  APRIL 7, 2011
	ADOPTED IN ASSEMBLY  MAY 19, 2011

INTRODUCED BY   Senator Wolk

                        JANUARY 26, 2011

   Relative to California Plan Your Giving Day.


	LEGISLATIVE COUNSEL'S DIGEST


   SCR 5, Wolk. California Plan Your Giving Day.
   This measure would recognize and support the importance of gift
planning by declaring October 1, 2011, as California Plan Your Giving
Day.



   WHEREAS, Gift planning opens up options for donors, including
identifying assets for donation that may otherwise be unavailable to
charities; and
   WHEREAS, 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
   WHEREAS, Gift planning is a source of endowment that provides for
the possibility of long-term funding for charitable purposes; and
   WHEREAS, Gift planning is usually a result of charitable estate
planning that enables donors to combine financial goals with
charitable gift giving; and
   WHEREAS, Gift planning through testamentary arrangements provides
for estate tax savings and permits donors to leave a lasting legacy
to charity; and
   WHEREAS, 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; and
   WHEREAS, Gift planning proves to be gratifying for donors who
designate their giving to organizations that share values similar to
the donor; and
   WHEREAS, 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; and
   WHEREAS, Gift planning helps charities build "rainy day" funds
that are then available to assist in unexpected emergencies, such as
the relief efforts in Haiti; and
   WHEREAS, Gift planning has a major impact on the future viability
of charitable organizations that are highly dependent on the
philanthropic spirit of its donors; now, therefore, be it
   Resolved by the Senate of the State of California, the Assembly
thereof concurring, That the State of California and the Legislature
recognizes and supports the importance of gift planning awareness by
declaring October 1, 2011, as California Plan Your Giving Day; and be
it further
   Resolved, That the Secretary of the Senate transmit copies of this
resolution to the author for appropriate distribution.