LWTAC

As you reboot after 2020, now is a great time to consider your charitable giving plans for 2021. COVID-19 has proven to be a marathon, not a sprint. Nonprofit organizations will be relying on the generosity of donors for the foreseeable future to stay afloat and serve the people who need their programs.…

December 10, 2020 Individuals 70.5 years of age and older may transfer up to $100,000 of IRA assets per year to public charities without being subject to federal income taxes on the distribution. Using your IRA in partnership with the Community Foundation is a great way to support the causes and organizations you care about.…

Did you catch our op-ed in the Star-Ledger? We’re happy to share it below: New tax rules encourage charity just when it’s needed the most Carolyn Lange, November 19, 2020 The coronavirus has changed all our lives, but for many this year has been nothing short of devastating.…

Silver linings are hard to find this year, but it’s worth remembering that the CARES Act created important opportunities to increase giving to charitable causes. Keep these three tools in mind as you considering your year-end tax planning: Even for taxpayers who take the standard deduction, a reduction in adjusted gross income is available for charitable contributions up to $300 per taxpayer.…

It’s that time of year when Americans start thinking about their year-end charitable giving. But in a year when so much was turned upside down, what changes are we seeing in philanthropy? We highlight a few changes to tax planning below, and include important information on two increasingly popular ways to work with the Community Foundation.…

Crafting a charitable legacy can be both a challenging and a rewarding process. It is a unique opportunity to remember your family and preserve your impact on a cause or community for generations. The Community Foundation’s sole responsibility and fiduciary duty is to steward the legacy grantmaking prudently and in-line with your intent—as you’ve designed it.…

CFNJ offers a home for private philanthropic investment in New Jersey and its communities. Working together with the public sector, foundations, corporations, and philanthropic individuals, CFNJ offers a turnkey solution for implementing civic efforts. As the leading philanthropic fiduciary focused on all New Jersey communities, CFNJ is uniquely positioned to address our state’s emerging challenges, support innovative solutions, and administer philanthropy in a targeted, results-driven, and cost-effective way.…

June 8, 2020 Our recent communications have highlighted the unique importance of Qualified Charitable Distributions (QCDs) and Charitable Lead Annuity Trusts (CLATs) in today’s market conditions. Given the critical needs facing our community right now, the team at the Community Foundation wants to reiterate the value of these two planning tools.…

October 16, 2019 The Community Foundation of New Jersey and Goldman Sachs were pleased to host a variety of professional advisors from across New Jersey today for a discussion with Stacy Eastland, Managing Director at Goldman Sachs and one of the country’s top wealth advisors, who shared thoughts on the best planning “desserts” that won’t bust the tax diet.…