Our quarterly newsletter aims to help advisors stay current on the charitable giving topics that are on the minds of clients, including tax developments that impact charitable giving.

Our goal is to provide a valuable, top-line rundown and an open invitation to reach out to our team to discuss topics that catch your eye.

August 2022

In this summer of stock market volatility, record inflation, recession fears and war in Europe, philanthropic planning is becoming even more important to your charitably minded clients. The topics in this newsletter will provide conversation starters and planning ideas around philanthropy as you guide your clients through challenging times.

This month we’re featuring important reminders about bequests, legislative updates and a look ahead to 2026, and food for thought as you build estate and financial plans for clients who own farmland.

Back to basics: Reminding clients about wills, trusts, and charitable bequests

August is National Make a Will Month, and the publicity surrounding this designation may prompt your clients to ask you whether their affairs are in good order. It’s always helpful to remind clients to keep their estate plans up to date and review their plans with you on a regular basis.

Bunching, long-term appreciated assets, and helping younger clients plan their charitable giving

Developing an estate plan isn’t only for Baby Boomers and Gen Xers. Millennials may prove to be more enthusiastic planners than their parents and grandparents, according to the 2022 Estate Planning Study: Millennial Estate Planning Continues in a Pandemic.

Summer legislative updates–and looking ahead to sunsets

Philanthropic individuals and families and their advisors also continue to watch the status of SECURE 2.0 because of the enhancements it proposes to the rules for Qualified Charitable Distributions. SECURE 2.0 could pass through Congress by the end of the year.

Farms, tax planning, and funding a family legacy

Farmland, like many other hard-to-value assets, tends to carry with it a lot of emotional attachment. Farmland also can be hard to deal with in an estate plan because of the challenges of multiple owners and the complexity of the estate tax as it’s applied to farm-related assets. For these reasons, it is worth exploring philanthropic options with your clients who own farmland.

The team at the community foundation is a resource and sounding board as you serve your philanthropic clients. We understand the charitable side of the equation and are happy to serve as a secondary source as you manage the primary relationship with your clients. This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.

Want to be alerted when we release a newsletter?

Sign up below to receive The Philanthropy Advisor newsletter.