๐๐ข๐ฆ๐ ๐๐จ๐ซ ๐๐ฎ๐ซ๐ฉ๐จ๐ฌ๐, ๐๐จ๐ญ ๐๐๐ง๐ข๐: ๐๐ก๐๐ญ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ-๐๐๐ฌ๐ฌ๐๐ ๐๐๐ฑ ๐๐ข๐ฅ๐ฅ ๐๐๐๐ง๐ฌ ๐๐จ๐ซ ๐๐๐ ๐ฌ, ๐๐จ๐ง๐จ๐ซ๐ฌ, ๐๐ง๐ ๐๐ฎ๐ซ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
- Theodore Hart
- Jul 9
- 2 min read
Updated: Aug 9
Before you scroll on to the next headline, I invite you to pause for a moment. Massive changes are coming to nearly every community and income bracket in America โ and those of us in philanthropy must be ready.
๐๐ก๐๐ญ ๐ญ๐ก๐ ๐๐๐ฐ ๐๐๐ฐ ๐๐ก๐๐ง๐ ๐๐ฌ
Congress has passed major tax-and-spending legislation that will reshape the charitable giving landscape just as millions of Americans face deepening need.
The new law includes substantial cuts to Medicaid and food assistance programs. Nonprofits serving vulnerable communities will be stretched further than ever before.
At the same time, the bill introduces several tax code changes that will directly affect charitable behavior:
๐น A universal charitable deduction โ up to $1,000 for individuals and $2,000 for couples
๐น Reduced incentives for wealthier donors โ with a higher threshold before deductions apply and a lower cap
๐น Corporate giving hurdle โ companies must give at least 1% of taxable income before qualifying for deductions
These changes may leave donors uncertain. Thatโs why clear, timely, and trusted communication is essential.
๐๐ก๐ ๐๐จ๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐จ๐ซ-๐๐๐ฏ๐ข๐ฌ๐๐ ๐ ๐ฎ๐ง๐๐ฌ (๐๐๐ ๐ฌ)
In moments of uncertainty, Donor-Advised Funds (DAFs) have consistently proven to be among the most flexible and responsive tools in philanthropy.
On average DAFs grant over 20% of their assets annually โ four times the minimum required of private foundations.
That kind of active, strategic giving is precisely what communities need in times of change. Philanthropy cannot replace lost public funding. But it can play an important role:
>> Supporting nonprofits who are working harder than ever to fill the gap
>> Building resilience and infrastructure for frontline organizations
>> Reinforcing community strength and equity
๐๐ก๐๐ซ๐ ๐๐จ ๐๐ ๐๐จ ๐ ๐ซ๐จ๐ฆ ๐๐๐ซ๐?
We must:
โ Provide donors with trusted, nonpartisan guidance
โ Encourage thoughtful, needs-driven grantmaking
โ Reinforce the essential role of giving in shaping stronger communities
It is a time to step forward with clarity, compassion, and collective resolve.
๐๐๐ญโ๐ฌ ๐๐๐ฅ๐ค.
If you are a donor, nonprofit leader, or advisor seeking to navigate these changes or align your DAF strategy with current community needs, letโs talk.
Together, we can turn uncertainty into action.
Comments