News

Bright spots amidst economic challenges

October 6, 2022 Bear markets are a challenge for almost anyone. But that doesn’t mean your charitable giving commitments have to be put on hold. If you are like many donors, you are still looking for ways to support the organizations you care about that rely on your support to achieve their missions.…

Hurricane Ian Response

September 28, 2022 Community foundations are known for moving quickly to support those impacted by crises. And that is certainly the case this week. Today, as Hurricane Ian makes landfall in Florida, community foundations in the Sunshine State are already taking steps to support their communities in the wake of what is expected to be a devastating storm.…

Fundholders Bring Water Pump to Kirundo

With a donor advised fund at the Community Foundation, you can give beyond 501c3 organizations in the United States, to also support charitable projects around the world. It’s been our privilege to work with one fundholder family since the beginning of this year to bring clean water to communities half a world away.…

How to grow your charitable giving by bundling tax savings

Many donors elect to use a donor advised fund at the Community Foundation as an organizing tool, frequently recommending grants to their favorite charities in ways that mirror the ways they would make donations outright. Often, contributions to a donor-advised fund are in the form of highly-appreciated stock or other hard-to-value assets that generate a favorable tax outcome.…

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.…

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.…