Community Foundation News

Let’s Talk: Tax Reform

“The Tax Cuts and Jobs Act”

“The Tax Cuts and Jobs Act” is expected to be signed by President Trump before the end of the year. Like many Americans, we have been following this tax reform bill very closely, staying informed on how it will affect our fundholders and local nonprofit organizations. Political opinions aside, we recommend talking with your financial and tax advisors to determine the best situation for you this year. Many may want to consider increasing charitable contributions to take advantage of current tax codes.

If you have any questions regarding your fund within the GiveWell Community Foundation, please call us at 863-683-3131. Legislation can affect tax codes, but it cannot impact generosity. Thank you for valuing and supporting our community!