Legislation Affecting Philanthropy

Washington DC

Legislation Affecting Philanthropy

Keeping you up to date

Stay current on legislative changes that affect donors, nonprofits, businesses and advisors.

One Big Beautiful Bill Act

H.R. 1, commonly known as the One Big Beautiful Bill Act, was signed into law on July 4, 2025. This sweeping piece of legislation touches nearly every sector of the U.S. economy, including philanthropy. Several key changes are especially relevant to fundholders and donors.

Field of Interest Funds: Legal Considerations

While philanthropic giving through donor advised funds has proliferated in recent years, there are other lesser-known vehicles that can be used for charitable giving. Field of Interest Funds may be the right vehicle to meet your philanthropic objectives for both lifetime and planned giving.

The Power of Bunching: A Smart Strategy for Charitable Giving

Bunching is a giving strategy that can maximize your tax benefits and increase the power of your giving. If you plan to give a certain amount each year and have the flexibility to accelerate the timing of your gifts, you can bunch multiple years of giving into a single tax year to help you maximize your charitable income tax deductions.

SECURE Act and SECURE 2.0 Act

Retirement funds have long been an effective asset for charitable giving, particularly for planned giving. While family members must pay income tax when withdrawing funds, charities do not, so giving directly to nonprofits results in tax-advantaged impact. See how the SECURE Act and SECURE 2.0 Act made charitable planning with retirement assets even more appealing.

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krista white

Krista White

Associate General Counsel and Vice President
robin barefoot

Robin Barefoot

Deputy General Counsel & Vice President