Just before the end of 2017, Congress passed the Tax Cuts and Jobs Act (TCJA), which brought sweeping changes to the tax code.
With strong equity and real estate performance in recent years, some donors are turning to appreciated assets—stocks, real estate, and other investments that have grown in value—as a way to maximize both their philanthropic impact and their tax benefits.
As charitable giving continues to evolve, donors face a shifting landscape shaped by updated tax regulations and new incentives.
Each year, we highlight the benefits of Donor Advised Funds (DAFs) to help clients maximize their charitable giving.
What donors need to know.
Even though the past few years have been a challenge for everyone in very personal and different ways, one commonality we all share is that these unusual times have reminded us to cherish what we do have and review/revise our life priorities.
Karen and John have done well in both their professions and their portfolios over the last 25 years. They have two children, and all four members of the family are animal lovers. Both John and Karen have become actively involved with their local SPCA. They have been so personally grateful and impressed with the institution that they have been regular financial donors, and they intend to support the SPCA through their estate.
We have all given and received gifts throughout our lives, whether it be for the holidays, birthday, wedding, baptism, or bat mitzvah.
