Smarter Giving after Tax Reform
Apr 01, 2019 11:30 AM
Marc Littlecott
Smarter Giving after Tax Reform

With the doubling of the Standard Federal Income-Tax deduction, the majority of Americans will no longer be itemizing their charitable contributions.  As they file their 2018 taxes right now, many are finding that out the hard way.  Having superior options to giving cash in mind may position them for a better tax day when they file their 2019 taxes next year, not to mention possibly enhance their philanthropic footprint.  Mr. Littlecott will help members understand not only how the charitable income tax deduction was created and evolved to where we are today, but why it behooves donors to be better informed about how they give moving forward.  He will also discuss a host of giving options to charity that are superior to gifting cash in light of Tax Reform and rank which kinds of asset-gifts, in order, are usually superior to giving cash to charity.

Networking and lunch from 11:30 am - noon with the program beginning at noon. Lunch costs $15, payable at the door. All programs are recorded and Facebook Live Streamed. Local media are invited to attend to record the session.

Rotary International is one of the premier service organizations in the world. The Rotary Club of Downtown Sioux Falls is among the largest 20 clubs in North America.

 

Speaker Bio: Since 2014, Marc Littlecott has been the Director of Gift Planning at the South Dakota State University Foundation.  As a Chartered Advisor in Philanthropy (CAP®), he is a qualified resource to many SDSU supporters and their advisors who wish to effectively integrate planned giving strategies in their estate planning, business/corporate operations, real property, farm & ranch asset sales, etc.  Prior to SDSU, Marc worked in a similar capacity for The Salvation Army, both in Cincinnati and Dallas.  He serves on the editorial board of Planned Giving Today magazine and is Board Secretary for the Charitable IRA Initiative, the national organization that produced and is seeking expansion of the Charitable IRA Rollover law, which he will talk about in this presentation.  Marc served 8 years in the Army Reserve after graduating from the Virginia Military Institute in 1989.  He lives in Brookings with his wife Laura and their two high-schoolers.