Legislative Update: One Big Beautiful Bill Act
The One Big Beautiful Bill Act, H.R. 1, (“OBBBA”) the 2025 budget reconciliation bill, signed into law on July 4, 2025, implements major changes to the federal charitable contribution tax...
Information and Resources for our Philanthropic Partners
Oct 6th 2025
OBBBA will require individuals, corporations to be more strategic with charitable giving
The One Big Beautiful Bill Act (OBBBA), H.R. 1, signed into law by President Trump on July 4, 2025, implements major changes to the federal charitable contribution tax regime for...
Sep 4th 2025
One Big Beautiful Bill: What It Means to Nonprofits
One Big Beautiful Bill – May 22, 2025 President Trump’s sweeping 1,000 page tax and spending bill, One Big Beautiful Bill (“OBBB”), cleared a hurdle on Wednesday following a Congressional session lasting...
May 28th 2025
Community Foundation anticipates tax policy changes, urges proactive charitable planning in 2025
With the new year underway, the Community Foundation for Southeast Michigan is watching the shifting landscape in Washington, D.C., with a Republican-led Congress and President Trump’s return to the executive...
Jan 21st 2025
Chevron Overturned: What is next for DAF Regs?
U.S. Supreme Court overturns the Chevron doctrine The severe blow recently dealt to federal agencies by the U.S. Supreme Court in overturning the Chevron1 doctrine in Loper Bright Enterprises v. Raimondo; Relentless, Inc. v. Dept...
Jul 31st 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
Impact of US Supreme Court’s Harvard/UNC Opinion on Nonprofit Sector: Challenges to Race-Conscious Programs
Two recent federal court decisions shed new light on the ongoing wave of DEI-related challenges following the Supreme Court’s 2023 Students for Fair Admissions, Inc. American Alliance for Equal Rights v....
Jun 30th 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
Sunsetting Tax Cuts and Jobs Act
Due to a sunset provision built into the TCJA, unless Congress intervenes, the federal exemption from transfer taxation (currently $13.61 million per person) is scheduled to decrease to approximately $7...
Apr 19th 2024
The 2024 National Study on Donor Advised Funds
The Donor Advised Fund Research Collaborative (DAFRC) has released the 2024 National Study on Donor Advised Funds. This is the largest independent study on donor advised funds to-date. 111 DAF...
Apr 19th 2024