Tax Reform and Its Impact on Planned Giving

On December 22, 2017, the President signed into law an “Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.”  In response to the passage of this legislation, there has been some alarm in the charitable community about the impact on charitable giving. As a service to our customers and followers, PG Calc has prepared an analysis to answer many of these questions.  The intention of the analysis is twofold. First, it explains which laws affecting planned giving have changed and which laws remain intact. Second, it offers five suggestions on the best ways donors can continue to make tax-efficient planned gifts. Note that article refers to the law as the “Tax Reform Act” for convenience.  You can find this article, Tax Reform and Its Impact on Planned Giving, by Jeff Lydenberg, in our knowledgebase.