Hello from the East Tennessee Foundation!

Hello from the East Tennessee Foundation!

The team at the East Tennessee Foundation appreciates the opportunity to work with so many attorneys, CPAs, and financial advisors as you counsel your clients about the most effective ways to make a difference in the communities we serve. We appreciate hearing that your clients are committed to their charitable giving plans, no matter what happens with the tax laws. In the midst of so much community need, we are grateful for your clients’ generosity that continues to improve the quality of life for everyone in our region.

Here are three topics that are on the minds of many advisors who serve charitable clients:

–“Timing is everything,” as it is often said, and that may very well be very true for your clients’ charitable giving plans. This year is an important year to be absolutely sure you’ve reviewed clients’ charitable goals and evaluated those objectives against the changes in the tax laws affecting the charitable deduction. The One Big Beautiful Bill Act creates both challenges and opportunities, and you will want to know how the new laws impact each of your philanthropic clients.

–How can you spot clients who may prefer to keep all, or some, of their charitable gifts anonymous? Check out our article, Quiet Types: Spotting Clients who Prefer to Give Anonymously, spotlighting three sentiments commonly expressed by clients who would like to structure their philanthropy to remain under the radar. Our team is happy to help.

–Buying artwork is on the rise among young professionals. Take a quick look at the tax dynamics and decisions involved when a client wants to use their artwork to support favorite charities. With gifts of artwork on the IRS’s radar recently, you will want to be prepared for client questions.

We look forward to talking with you soon! Thank you for the opportunity to work together to serve your charitable clients. It is most appreciated.

–The East Tennessee Foundation Team