New Tax Law Impacts on Estate Planning & Charitable Giving - 1 CLE - 2025

New Tax Law Impacts on Estate Planning & Charitable Giving

1 CLE - On Demand Seminar

Overview:

The newly signed tax legislation, aka Big Beautiful Tax Bill (the “Act”), extends (and makes permanent) many of the provisions of the Tax Cuts and Jobs Act of 2017, as well as introducing several changes. Join Phil Purcell, Director of Planned Giving for the Central Territory of The Salvation Army for this one hour session as he walks you through the impact it will have.

---

Topics:

• Permanent Provisions

– Income Tax Brackets

– Higher Standard Deduction

– Higher Deduction Limit for Cash Gifts

– Higher Estate Tax Exemption

• New for Charitable Giving in 2026

– Tax Break for Non-Itemizers

– Giving Threshold for Itemizers

– Limitation on Charitable Deduction for Those in the Top Tax Bracket

– Increase in Tax Rates for University Endowments

• Corporations Required to Give More to Qualify for Deduction

• Increased Excess Compensation Tax

---

Faculty:

Philip M. Purcell, CFRE, MPA/JD

The Salvation Army, Noblesville

Phil Purcell currently serves as the Director of Planned Giving for the Central Territory of the Salvation Army. In this role, he is the directional leader of 39 planned giving officers in 11 states who close approximately $70 million in planned gifts each year. Formerly, he served as Senior Counsel for Philanthropy on behalf of the Fellowship of Catholic University Students where he assisted approximately twenty major gift officers engaged in a $250 million multi-year campaign with a $100 million goal for planned giving.

Phil is an attorney and member of the American and Indiana State Bar Associations. He is Senior Consultant and the lead planning attorney for the Heaton Smith Group, a national charitable and estate planning consulting firm. Phil also serves as Editor for Planned Giving Today, a monthly national publication. He is lead legal advisor for the national Community Foundation Legal Help Desk. He serves of counsel to the Indianapolis law firm, Fleming Stage. Phil teaches courses on law and philanthropy, nonprofit organization law and planned giving as adjunct faculty for the Indiana University Maurer School of Law (Bloomington, IN) and Indiana University Lilly School of Philanthropy and The Fundraising School (Indianapolis, IN). He also serves on the faculty of the American Institute for Philanthropic Studies (Long Beach State University).

---

New Tax Law Impacts on Estate Planning & Charitable Giving

1 CLE - On Demand Seminar

ICLEF • Indiana Continuing Legal Education Forum, Indianapolis, IN • Premier Indiana CLE