There are two ways to replace the active donors who don't respond: lapsed
renewal and new donor acquisition.
With a discretionary trust, the lapse of a power of withdrawal will be a taxable gift by the holder [subject to the application of the exception in section 2514(e)], except to the extent his or her creditors may reach the lapsed
amount (Practical Drafting, October 1996, chapter nine, section F, page 4657).
The cost to reactivate a lapsed
donor by telephone has been running at approximately $2 per reactivated donor, Christianson said.
H3: Contracts generated from the tied agent sales channel are less likely to be lapsed
than contracts sold by brokers.
LTC insurers typically deposit all checks they receive immediately upon receipt and, if they later determine funds have been remitted on a lapsed
policy, they refund it by issuing a separate check.
2) After multiple attempts at treating the donor as lapsed
, these donors might then be cycled back into acquisition efforts, where despite having been a long-time donor earlier in their lifetime, they are now spoken to as if they've never been supportive at all or are not recognized as a dedicated donor.
The Tax Court ruled that, because Eleanor did not exercise her general power of appointment in full, the unexercised (or lapsed
) portion of the trust, which passed to the grandchildren, was subject to the GST tax as a post-Sept.
contract is counted as a lapse in the model point, which represents the product and policy(holder) characteristics at the lapse date.
The old fundraising adage "as acquired so renewed" is an effective but ho-hum way to acquire donors and to recapture those slacker-donors who have lapsed
* Is the expected increase in the value of the partnership interest, from the time of receipt to the time the risk of forfeiture has lapsed