Generation proof your practice
You’ve probably read the statistics that the majority of heirs are likely to fire their parents’ advisors. Naturally, whether you are an attorney, accountant, or financial advisor, you’d like to...
Information and Resources for our Philanthropic Partners
Jul 16th 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
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
EPIC Omnibus Legislation Enacted with Sweeping EPIC Amendments
The EPIC Omnibus bill was signed into law on February 21, 2024, and takes immediate effect. 2024 PA 1. The new law, put forward by the Probate and Estate Planning Section...
Feb 21st 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