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Alumni E-News

Important charitable giving tax information

See below for some information, which could impact your ability to support Lake Forest College and other organizations you care about.

Leading financial planning and investment firms are notifying their clients of the consequences of comprehensive tax reform in 2017. They are advising their clients to take this into consideration when planning charitable gifts between now and December 31, 2016.

If federal income tax rates and/or federal capital gains tax rates are lowered in 2017, the value of the charitable tax deduction may be higher between now and December 31, 2016 than it will be one year from now.

Under this scenario, front-loading charitable gifts before the end of this calendar year could be advantageous. Please consult with your financial advisor to see how these changes might impact you and your ability to support Lake Forest College and other organizations you care about.