Several years ago, I sat in the well-appointed home of a wealthy donor to a large nonprofit institution. The donor was giving at the principal gift level to a Heaton Smith client, exhibited high affinity for the institution, and had been a consistent partner for more than a decade. However, during the discovery phase […]
Read More… from The Quiet Shift: How Donor Advised Funds May Rewrite the Bequest Pipeline
The One Big Beautiful Bill Act (OBBBA), signed into law on 4 July 2025, introduced significant changes to charitable deductions for donors and is primarily effective beginning in the 2026 tax year. Below is a summary of the key provisions affecting charitable giving: Above-the-Line Deduction for Non-Itemizers Beginning in 2026, taxpayers who do not itemize deductions […]
Read More… from How the One Big Beautiful Bill Impacts Philanthropy