New federal legislation has introduced significant changes to the excise tax system for private foundations, creating higher, tiered tax rates that may impact grantmaking and compliance requirements. While large and mid-sized private foundations face increased financial and administrative burdens, community foundations remain exempt from these rules. This brochure outlines the new tax structure, what’s changed, and how community foundations can provide more flexible, cost-effective, and strategic giving alternatives for donors and advisors navigating this evolving landscape. See below for more information:
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