Worth a double take: QCD Reminders
For your charitably-inclined clients who are 70 ½ and older, we simply cannot emphasize enough the benefits of a tool known as a Qualified Charitable Distribution, or “QCD.” A QCD...
Information and Resources for Donors and Professional Advisors
Nov 26th 2024
How the Community Foundation for Southeast Michigan Can Help You Create Lasting Impact
By Lindsey Rossow-Rood Director, Donor Services Philanthropy offers a powerful way to shape the world around you, but it can sometimes feel overwhelming to navigate all the options. Whether you’re...
Sep 6th 2024
Charitable Planning with Retirement Assets for Minor Children and Special Needs Beneficiaries
IRS issues final regulations on SECURE Act and SECURE 2.0 On July 18, 2024, the IRS issued final regulations on distributions from retirement plans relating to the SECURE Act passed...
Jul 31st 2024
Federal Agencies Power Curtailed
The Supreme Court cut back sharply on the power of federal agencies to interpret the laws they administer and ruled that courts should rely on their own interpretation of ambiguous...
Jun 30th 2024
What the shift toward private markets means for your philanthropic clients
It’s not your imagination! More and more of your clients are investing in private markets instead of simply limiting their strategies to stocks listed on the exchanges. Indeed, the number...
Apr 8th 2024
Drawing up a budget: Federal springtime process begins
President Biden’s fiscal year 2025 budget requests are hot off the press. Included in the revenue proposals are provisions that eliminate counting payments to certain “disqualified persons” (including family members)...
Apr 4th 2024
Proposed Regulations: Taxes on Taxable Distributions from Donor Advised Funds (IRC §4966)
On February 29, 2024, the Department of Treasury issued a notice of a public hearing on the Proposed Regulations which will be held on May 6, 2024, at the IRS....
Feb 29th 2024
IRS Proposed Regulations
Taxes on Taxable Distributions from Donor Advised Funds (IRC §4966) The IRS released the first installment of proposed regulations in November of 2023 providing guidance on certain tax rules applying...
Dec 18th 2023
“I still don’t get it”: TLC for your clients’ QCDs
Despite the Qualified Charitable Distribution’s (QCD) position as a financial media darling, mentioned in hundreds of articles every week, it’s still not an easy concept to get your head around....
Dec 18th 2023
2023 Year End Charitable Planning Reminders
Tax Benefits Charitable contribution deductions for donations to public charities are limited to 60% of AGI for cash gifts, while the limit for appreciated non-cash assets held more than one...
Dec 18th 2023