Administration's Proposals Affecting Charities and Donors
Among the Treasury's 224-page "Green Book" proposals that would affect federal income, gift and estate taxes, I highlight two among the charitable proposals: (1) Charitable Lead Annuity Trusts (CLATs), and (2) Private Foundation transfers to Donor Advised Funds.
April 21, 2023 at 12:17 PM
7 minute read
U.S. Department of the Treasury in Washington, D.C. Photo: Diego M. Radzinschi/ALM
CLATs Plus PF Transfers to DAFs
Translation. Among the Treasury's 224-page "Green Book" proposals that would affect federal income, gift and estate taxes, I highlight two among the charitable proposals: (1) Charitable Lead Annuity Trusts (CLATs), and (2) Private Foundation transfers to Donor Advised Funds.
First, what's the "Green Book?" It's the U.S. Treasury's explanation of the tax proposals in the Biden Administration's FY 2024 budget. Treasury Green Books have been issued annually by recent Administrations except for the preceding Administration.
For the whole ball of tax, search FY 2024 budget, "Greenbook" (March 9, 2023).
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