Hello from the East Tennessee Foundation!

The year is winding down, and it has been eventful from a tax and charitable giving standpoint. We are honored to work with you to help your clients achieve their charitable goals.

As you begin to consider year-end planning for your clients, we are glad to provide information about developments impacting charitable planning. In many cases, the East Tennessee Foundation (ETF/ the Foundation) can offer tax-wise solutions to assist your charitable clients.

—Recently passed laws have thrown a curveball into the ways we approach tax and financial planning. ETF is breaking down the most important points from the One Big Beautiful Bill Act, building on the detail we shared in our last newsletter.

—IRAs are excellent vehicles for many reasons, one of which is the role they can play in charitable giving. We are happy to answer FAQs about IRAs, QCDs, and the OBBBA.

—As tax advisors have had time to dig into the OBBBA’s new rules for charitable deductions, it is apparent that the new limits for corporate deductions may throw a wrench into a lot of clients’ plans. Learn why, and what to do about it.

Thank you for the opportunity to work together! We value our partnership.

—Your East Tennessee Foundation Team