“Better three hours too soon than a minute too late.”
While William Shakespeare and the IRS may not appear to have much in common, delayed timing resulted in a lost charitable income tax deduction and a hefty capital gains tax...
Information and Resources for Donors and Professional Advisors
Jul 25th 2023
Expanding philanthropy to an increasingly diverse community
The team at the Community Foundation for Southeast Michigan fields questions from attorneys, accountants, and financial advisors about diversity, equity and inclusion issues related specifically to philanthropy. We appreciate your...
Jul 25th 2023
Similar, but not the same: Donor-advised funds and private foundations
You and other attorneys, accountants, and financial advisors who work with charitably-inclined individuals and families are familiar with the basics of donor-advised funds and private foundations. Still, it can be...
Jul 25th 2023
In Re Robert T. Keeler Maintenance Fund for the Hanover Country Club at Dartmouth College, Sup. Ct. New Hampshire
The New Hampshire Supreme Court recently ruled that Dartmouth College can repurpose money a deceased alumnus left for the sole purpose of maintaining the school’s golf course to support other...
Jul 13th 2023
Professional Organization Denied IRC Section 501(c) Status
In June, the IRS denied a professional organization tax-exempt status under Section 501(c)(3) in Letter 4034. The organization was dedicated to educating estate planning professionals and promoting cooperation among businesses...
Jun 30th 2023
3 Tried and True Financial Strategies for Charitable Giving in 2022
For those ready to make philanthropy a priority in 2022, proven strategies are the best bet. For Americans across the country, the new year represents two things: a chance to...
Feb 3rd 2022
Estate Planning Opportunities: Impact of a Low-Interest Rate Environment and COVID-19
Interest rates that are used to calculate the gift tax deduction in estate planning strategies are at historically low levels in response to the slowdown of the economy and the...
Mar 5th 2021
Address your IRA planning now to maximize tax savings
Consider using your individual retirement account (“IRA”) to achieve your charitable giving goals in 2019. Consider using your individual retirement account (“IRA”) to achieve your charitable giving goals in 2019...
Feb 14th 2020