By Bruce DeBoskey, The DeBoskey Group, The Denver Post
Last year was a great year for philanthropy. It included record levels of giving and impact investing and more strategic approaches to charitable efforts. This year, 2017, will likely launch its own unique trends. I’ll be watching for these highlights:
1. Reduced tax incentives for giving
Many knowledgeable observers predict that Congress will reduce income tax rates for the wealthy — thereby decreasing the tax savings from charitable deductions. Many also expect the estate tax will be eliminated — reducing the tax incentive to make final charitable contributions.
Some predict the new administration will seek to limit or even eliminate charitable deductions. Others expect that changes will be made to donor-advised funds — implementing payout requirements similar to those required of private foundations.Button Text