Philanthropic Impact

 

Information and Resources for Donors and Professional Advisors

“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...

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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...

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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...

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Passage of SECURE 2.0 Act incentivizes Americans to make charitable gifts in 2023

On Dec. 23, Congress passed the Consolidated Appropriations Act of 2023, which includes a package of retirement reform bills including the long-awaited SECURE 2.0 Act.    SECURE 2.0 provides something for every...

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Charitable funds at community foundations offer convenient alternative to private foundations

A growing number of philanthropists and their advisors are using charitable funds as a complement or alternative to private foundations.  Private foundations may consider transferring their foundation’s assets to such...

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Considering an endowment fund for your nonprofit?

The Community Foundation for Southeast Michigan hosted an Agency Endowment 101 webinar to define what endowment is, detail how the Foundation invests and administers endowment funds, and illustrate how our...

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Establishing Your Legacy

Whether your interests are in health care, the arts, education, the environment, or another critical cause, the Community Foundation can ensure your wishes are carried out in perpetuity and support...

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Community Foundation can help family businesses meet charitable goals

Families want to ensure that their family businesses’ charitable efforts reflect their entrepreneurial spirit and the values of their family. With a 36-year history, the Community Foundation for Southeast Michigan...

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Establish a charitable scholarship fund to keep college within reach

While the rising cost of college tuition may be out of reach for many families amid record-high inflation, the time may be right for your clients to consider the impact...

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How One Philanthropist’s Legacy Continues Through Endowment

The recently restored Detroit Central Market at The Henry Ford’s Greenfield Village in Dearborn gives visitors an opportunity to learn about life during the 19th century in Detroit. It also...

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