PGCNI - David Bennett, Tax Law & Philanthropy: Updates for 2017

“Tax Law and Philanthropy: Updates for 2017”

David Bennett, Executive Director, Community Foundation of Greater Fort Wayne

• 11:15am to 12:00pm - Check in, Networking & Lunch
• 12:00pm to 1:00pm - Program

This presentation will discuss significant changes that are expected to U.S. tax laws under a Trump administration paired with Republican majority in both houses of Congress. The details of any legislation are far from settled, but early indications suggest that contributions to donor advised funds and private foundations will accelerate in 2017 and beyond.  This analysis is based upon two elements of Mr. Trump’s proposed tax plan: lowering federal income tax rates and capping itemized deductions (which include the charitable deduction).  How will these changes impact the behavior of donors and how can nonprofits best prepare?

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David Bennett received his bachelor’s degree in Economics from Williams College, and a Masters in Public Affairs from Princeton University.  From 1988 to 1995, he was the President of Taxpayers Research Association, which, at the time, was the largest taxpayer advocacy group in the State of Indiana. 

David joined the Community Foundation of Greater Fort Wayne (CFGFW) as Executive Director in 1995.  Since that time, CFGFW has grown from about $30 million to just over $140 million in assets, and this year will award nearly $7 million in grants and scholarships. 

David enjoys reading and writing.  He recently published a historical biography of Vice President Thomas Riley Marshall.

David resides in Grabill, Indiana with his wife of 33 years, LuAnn.  They have three sons and two cats.