Last week, Congress passed and the President signed a $622 billion “tax extenders” bill. One of this year’s biggest surprises was Congress’ willingness to permanently enact a number of tax breaks that, in previous years, were annually sunset for budgetary reasons.
Several now-permanent provisions relate to charitable giving. Perhaps the one receiving the most attention allows for qualified charitable distributions …read more »
What if you could enjoy many of a private foundation’s benefits for how you manage your philanthropy, but with even better tax benefits? What if you could establish a single planned giving tool, but have it benefit multiple organizations – and then make changes without involving a lawyer?
While the ease-of-use and flexibility of donor-advised funds make using them very …read more »
This morning’s Wealth Management section of the Wall Street Journal features a short-but-helpful look at the basics of donor-advised funds under the straightforward title of “Donor-Advised Funds: How Do They Work—And Are They Useful?”
The author, Tom Herman, notes a few different ways a donor might use a donor-advised account. One example is of someone who want to …read more »
Do Americans give solely for altruistic reasons? Maybe you’d like to say yes. However, people’s charitable decisions of where to give, how to give, and how much to give are influenced by numerous factors.
New research from the American Legislative Exchange Council shows that one of these many factors that affect people’s giving is taxes. In a new report, The …read more »
Charitable lead trusts (CLTs) can be structured in a wide variety of ways. As a result, they are one of the more complex estate planning tools available. When well-structured to meet your individual estate plan, a CLT may significantly reduce your estate tax liability, while simultaneously benefiting a valued charity (or charities) for a number of years during your lifetime. …read more »