For the most part, with the exception of the IRA Rollover extension, the provisions of the American Taxpayer Relief Act of 2012 (ATRA) that impact charitable gifts and charitable gift planning are those that increased taxes. It is difficult to characterize these provisions as providing taxpayer relief, so this summary of the practical aspects of ATRA-related charitable gift planning is necessarily presented from a “glass half full” point of view. Charitable planning resulting from ATRA essentially will focus on ways to reduce income, as well as the benefits of the lower after-tax costs of charitable contributions for donors now subject to higher income and capital gains tax rates.
- A Penny Saved
- Phase II Applications for Community Crime Prevention Grants Now Available
- The Indianapolis Foundation Awards More Than $2.2 Million to Support Community Needs
- Legacy Fund Addresses Community Wide Needs Via May Grants
- The Indianapolis Foundation Awards $159,000 for Phase I of 2014 Community Crime Prevention Grants