Original Message:
Sent: 9/5/2025 4:49:00 PM
From: Jayme Fancher
Subject: RE: Irrevocable CRUTS and Counting in Campaign
Thank you! I've reviewed that section now also. Can you review the clause copied below? Still irrevocable?
The CRUT states:
Section 1.04 An Irrevocable Trust
This trust is irrevocable, and we cannot alter, amend, revoke, or terminate it in any way except as otherwise specifically provided in this agreement.
However, later in the document states:
Section 4.03 Amendment of Charitable Designation
During our lifetime, we reserve the right, by joint agreement, to designate, at any time and from time to time, in lieu of the qualified organization and purpose set forth in Section 4.01 and Section 4.02, one or more qualified organizations as the charitable remainderman, or the charitable purposes to which a qualified organization shall put the contribution. If one of us is deceased, the survivor will have this right. Any amendment or revocation must refer specifically to this agreement and must be brought to the attention of our Trustee not later than six months after the death of the survivor of us. If more than one written instrument is delivered to our Trustee, the written instrument bearing the latest date will control unless that instrument provides otherwise.
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Jayme Fancher
San Diego State University
jfancher@sdsu.edu
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Original Message:
Sent: 09-05-2025 03:34 PM
From: John Taylor
Subject: Irrevocable CRUTS and Counting in Campaign
If you are named as the irrevocable beneficiary, you may count the CRUT as you would if you held the asset. CASE addresses this in its section on Wholly Charitable Trists Administered by Others.
John
John Taylor Principal, John H. Taylor Consulting, LLC 919.816.5903 Big ideas; small keyboard
Original Message:
Sent: 9/5/2025 4:25:00 PM
From: Jayme Fancher
Subject: RE: Irrevocable CRUTS and Counting in Campaign
I'm looking to piggyback on this. Is this also true of an externally managed CRUT where we are a named beneficiary? Most we manage internally, so just confirming they still cannot change the beneficiary regardless of who manages the CRUT.
Their documentation says:
Section 4.03 Amendment of Charitable Designation
During our lifetime, we reserve the right, by joint agreement, to designate, at any time and
from time to time, in lieu of the qualified organization and purpose set forth in Section 4.01
and Section 4.02, one or more qualified organizations as the charitable remainderman, or
the charitable purposes to which a qualified organization shall put the contribution. If one
of us is deceased, the survivor will have this right. Any amendment or revocation must
refer specifically to this agreement and must be brought to the attention of our Trustee not
later than six months after the death of the survivor of us. If more than one written
instrument is delivered to our Trustee, the written instrument bearing the latest date will
control unless that instrument provides otherwise.
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Jayme Fancher
San Diego State University
jfancher@sdsu.edu
Original Message:
Sent: 10-16-2024 12:59 PM
From: John Taylor
Subject: Irrevocable CRUTS and Counting in Campaign
Well, for starters, people would have fewer emails from me to read :-).
I should have added more to my reply.
You asked whether "the whole amount" could be counted. I explained that you could only count your portion if you were irrevocably named.
However, I don't know how you treat irrevocable deferred gifts in your campaign counting policy. While it is a small percent of institutions, a few only count the IRS-deductible amount of deferred gifts in their totals. That's a holdover from older standards, but it still applies to some. Most count the face value-or their pro-rata portion.
John
John H. Taylor, PrincipalJohn H. Taylor Consulting, LLC
2604 Sevier Street
Durham, NC 27705
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
Original Message:
Sent: 10/16/2024 1:06:00 PM
From: Holley Nielsen
Subject: RE: Irrevocable CRUTS and Counting in Campaign
Wonderful, thank you, John! You are a rockstar, what would this community do without you!!
Have a fantastic day everyone!
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Holley Nielsen
Utah Valley University
Original Message:
Sent: 10-16-2024 12:01 PM
From: John Taylor
Subject: Irrevocable CRUTS and Counting in Campaign
Age is only a factor for revocable bequests.
If you are named the irrevocable beneficiary (there is no provision that allows the donor to change charitable beneficiaries), you may count the CRUT (or your pro-rata portion of others are named).
The CASE Standards cover this!
John
John H. Taylor
919.816.5903 (Cell/Text)
Big Ideas - Small Keyboard
Original Message:
Sent: 10/16/2024 12:51:00 PM
From: Holley Nielsen
Subject: Irrevocable CRUTS and Counting in Campaign
Hello,
We have a donor who wants to give through an irrevocable CRUT (may do for all family members, including children too) but will not be 65 by the end of the campaign, can the whole amount of the gift be counted?
Thanks in advance!
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Holley Nielsen
Assistant Director Gift Processing
Utah Valley University
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