A Qualified Charitable Distribution (“QCD”) is a very smart way to support charitable causes. If you are over the age of 70 ½, you can direct up to $100,000 from your IRA to certain charities, including a field-of-interest, unrestricted, or…
The Community Foundation can work with you to create and package a gift of a Community Foundation fund, pre-established and pre-funded, personalized in the name of your gift recipient. Your gift recipient can be a partner, child, grandchild, colleague, or…
November 7, 2022 Giving appreciated stock to charitable organizations is certainly a highly-effective tax strategy. During years when highly-appreciated stock is in short supply, however, implementing this strategy may be easier said than done. This is when donor advised funds…
You’ve seen it most stores: “checkout charity” is the relatively new and fast-growing way for making charitable contributions. Checkout charity donations are often the result of spur-of-the-moment, periodic or one-time asks triggered by a tragedy, holiday, or cause. Solicitations can occur…
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…
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…
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…
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…
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…
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…