Reforms may be on the way for Donor-Advised Funds

Donor-advised funds are a popular option to minimize capital gains tax, but a bill introduced this summer in the Senate could significantly impact these funds if it should be passed. The Accelerating Charitable Efforts (ACE) Act was introduced by Sens. Angus Kin of Maine and Chuck Grassley of Iowa in June. The ACE Act would […]

Donor-advised funds and private foundations can optimize your philanthropic impact

As we look at the potential increase in the capital gains rate, it is important to understand which tax strategies are available to mitigate your tax burden.  A donor-advised fund or a private foundation are both great strategies to eliminate capital gains tax on long-term appreciated assets. Why donor-advised funds? Donor-advised funds are increasingly popular […]

Why donor-advised funds are worth a second look

It goes without saying that 2020 has been a year unlike any other, which makes relying on your trusted business and tax adviser for year-end tax planning even more important. We have offered 10 year-end tax strategies that you can take advantage of now, but there is one in particular that we want to discuss […]