In legislative news, a recent flurry of activity in the Senate has inched forward the legislation known as SECURE 2.0. Philanthropists and their advisors are watching this legislation closely because of the proposed inclusion of provisions that would adjust the annual $100,000 Qualified Charitable Distribution (“QCD”) cap for inflation and allow a one-time, $50,000 QCD to a charitable remainder trust or other split-interest gift.

CFHZ Board and staff are paying close attention to this legislation. While it’s impossible to predict what might happen when the House and Senate bills are combined and reconciled and then brought to a final vote, we are hopeful that the QCD enhancements will make it into the final bill, and the legislation will be signed into law later this year. The QCD has incredible ability to unlock charitable dollars which can benefit our community now and in the future.

As always, we are here as a partner to help support your client’s charitable goals. Contact Colleen Hill, Vice President of Development & Donor Services, via email or by calling 616–994–8853.