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Is the cost of event tickets deductible?

As charitable organizations emerge from pandemic restrictions, in-person fundraising events are beginning to rebound, especially athletic events that are held outside. This is a good time for a quick refresher course on the charitable deduction rules related to events, which can be tricky.…

Here’s what to know before giving money to a new nonprofit

September 19, 2022 The number of nonprofits in the United States now tops 1.7 million, and hundreds more are started each year. As the nonprofit sector grows alongside the increased needs in our community, you may be asked by friends or colleagues to support a brand new nonprofit organization.…

Keeping track of your charitable donations is more important than ever

When the Inflation Reduction Act was signed into law in August, many taxpayers noticed and began discussing the $80 billion in funding increases for the IRS. The IRS will use the money to shore up its staffing, technology, and, notably, enforcement efforts.…

Inherited IRAs: Big headache, or big opportunity?

September 13, 2022 If you’re bewildered by something you’ve read recently about the IRS’s distribution rules for inherited IRAs, you’re not alone. What’s the back story? Until the law changed a few years ago, an individual who was named as the beneficiary of a parent’s IRA, for example, could count on a relatively straightforward and tax-savvy method of withdrawals called the “stretch IRA.”…

Community Foundation Grants $1.5 Million in Scholarship Funds

The Community Foundation of New Jersey’s scholarship team today announced $1,575,096 in scholarship awards have been granted this month to cover educational expenses for 261 individual students. While most of the students and institutions of higher learning are in New Jersey, the list extends beyond Rutgers, Montclair State, NJIT, and the County College of Morris (the most popular among recipients) to also include Brown, Cornell, Harvard, and colleges and universities in another 23 states.…

Interventions That Work: Foster Care

More than 6,500 children in New Jersey were removed from their families in 2020. The fate of these children rests on a child welfare and foster care system that is not only functional, but also responsive to their needs and in tune with the latest public health research.…

Generational giving through retirement plans, life insurance, and meaningful bequests

August is national Make a Will Month. You’ve likely already worked with your advisors to establish an estate plan, including a will and even a trust. Still, this is a good time of year to review your plan in case things have changed.…

Planning a Benevolent Exit

If you’re a business owner, at some point you may begin thinking about an exit strategy. Before you start putting out feelers to potential acquirers, you may wish to explore the benefits of contributing an ownership interest in your business to a donor advised fund or other type of fund at the Community Foundation of New Jersey.…

Plan Ahead: New Donor Portal Coming Soon

April 22, 2022 The team at the Community Foundation has been working hard to implement a new donor portal system, which will improve your experience at the Community Foundation and provide up-to-the-minute fund information. We are excited to launch this system in June 2022 and want you to be aware of these temporary impacts to your grant recommendations: Unfortunately, we will be unable to accept any grant recommendations during the transition from May 20th through June 3rd.…

Agriculture Scholarship Accepting Applications

April 12, 2022 The Community Foundation of New Jersey today announced that the Stephen A. Johnston Memorial Scholarship Fund is now accepting applications. The Fund will provide a scholarship in the amount of $3,000 to a sophomore, junior, senior or graduate student with an interest in vegetable crop production or a related field.…