๐๐๐ : ๐๐จ๐ฐ ๐๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐จ๐ง๐ฉ๐ซ๐จ๐๐ข๐ญ๐ฌ ๐๐ข๐ฅ๐ฅ ๐๐๐๐ ๐๐๐ญ๐๐ซ ๐๐๐ฌ๐ฌ๐๐ ๐ ๐จ๐ ๐๐ก๐ ๐๐ง๐ ๐๐ข๐ ๐๐๐๐ฎ๐ญ๐ข๐๐ฎ๐ฅ ๐๐ข๐ฅ๐ฅ (๐๐๐๐)
- Theodore Hart
- Jul 8
- 2 min read
Updated: Aug 9
On July 4th, President Trump signed into law the One Big Beautiful Bill (OBBB). As details come into sharper focus, advisors to high-net-worth familiesโestate attorneys, CPAs, family office leadersโare realizing how consequential this is for wealth and philanthropy. One insight spreading: under the new law, families can โstackโ multiple trusts per family member, each benefiting from the expanded $15M per-person and $30M per-couple exemption, adjusted for inflation.
๐๐๐๐๐ฅ๐๐ซ๐๐ญ๐๐ ๐๐๐๐ฅ๐ญ๐ก ๐๐ฅ๐๐ง๐ง๐ข๐ง๐
This isnโt just clever tax strategy. It signals a window of accelerated wealth planning, with charitable tools like donor-advised funds (DAFs) becoming more central than ever.
DAFs offer flexibility, let families commit assets to philanthropy now while planning future grantmaking, and provide an elegant vehicle for multigenerational giving. As families activate new trusts, advisors have an opportunityโand arguably a responsibilityโto guide clients holistically. This isnโt just about reducing taxable estates; itโs about shaping legacy, aligning wealth with values, and putting charitable capital to work.
๐๐ง๐ข๐ฏ๐๐ซ๐ฌ๐๐ฅ ๐๐ก๐๐ซ๐ข๐ญ๐๐๐ฅ๐ ๐๐๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐
Importantly, not all giving vehicles are treated equally. OBBB introduces a universal charitable deductionโ$1,000 for individuals, $2,000 for couples, even for non-itemizersโapplying only to direct gifts to operating charities.
Contributions to DAFs, supporting orgs, and private foundations are excluded. This aims to encourage immediate-use charitable dollars among non-itemizers. DAF contributions remain fully eligible for itemizers under existing rules.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐๐จ๐ง๐ฉ๐ซ๐จ๐๐ข๐ญ๐ฌ
Nonprofits should pay close attention. This is the time to amplify outreach, especially to major donors reconsidering plans under the new law. Be ready to explain how DAF gifts can meet urgent needs, strengthen long-term resilience, and drive impact in communities facing unprecedented challenges, including cuts to public safety nets.
We need nonprofits that tell compelling stories of need, opportunity, and partnershipโhelping donors turn technical advantage into real-world change.
This is how we move from uncertainty to activation.
If youโre an advisor wondering how to support clients, or a nonprofit leader wondering how to connect with donors now, I invite you to reach out. These conversations matter.
Together, letโs ensure this extraordinary moment doesnโt just shift wealth on paperโbut channels resources toward purpose, community, and the common good.
NOTE: As with any major legislation, provisions may evolve as regulatory guidance is issued.
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