“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
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...
Dec 29th 2022
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...
Dec 1st 2022
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...
Oct 19th 2022
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...
Sep 28th 2022
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...
Aug 22nd 2022
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...
Jun 30th 2022
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...
Jun 27th 2022