Community foundations: Unparalleled resources for local giving with major impact As economic times get tough, more and more people are asking how they can make the biggest difference right in their own backyard. Indeed, local giving is a topic that has even made its way into the opinions of the mainstream media, causing many charitably-inclined […]
Valuable conversations: Why it’s smart to talk with your clients about charitable giving January is a good time to start helping your clients plan for their annual giving. With the year-end flurry of donations still fresh in many clients’ minds, you may discover that clients will welcome your suggestion to make 2023 the year to […]
It just keeps getting better: Why charitable gift annuities are having a moment Charitable gift annuities (CGAs) are becoming more attractive to philanthropists, making this planned giving vehicle a good fit for your clients who like the idea of an up-front tax deduction, a steady lifetime income stream, and a remainder gift to charity. If […]
Ring in the new year with new charitable giving tax laws If you’ve been tracking federal legislation, you’re likely aware that on December 29, 2022, President Biden signed a $1.65 trillion-dollar omnibus spending bill known as the Consolidated Appropriations Act of 2023 (“CAA”). A component of this legislation, known as “SECURE 2.0,” includes many provisions […]
Invest in impact built on trust If you’ve supported a particular charitable organization for many years, and perhaps even served on its board of directors, you are likely familiar with some basic concepts of “trust-based philanthropy,” even if you didn’t know that’s what it is called. As a devoted supporter of the nonprofit organizations you […]
2023 Student Scholarships now Available Harrisonburg-Rockingham students may now apply for college funding from The Community Foundation of Harrisonburg and Rockingham County (TCFHR) until April 10, 2023. The majority of scholarships give to current or former residents of Harrisonburg or Rockingham County. Scholarship funds are for tuition and related educational expenses and made directly to […]
Intentional philanthropy is critical in a downturn Your family may be among those who are taking their charitable giving budgets more seriously this year, given the stock market’s challenges, rising interest rates, economic concerns, and anticipated cash crunches. At the same time, not surprisingly, community needs tend to rise during uncertain economic times. As 2023 […]
The gift of giving, community foundation style 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 friend. Frequently taking the form of a donor-advised […]
So long, 2022: Important charitable tax planning reminders as the year winds down Now is the time to share important reminders with your clients about year-end gifts. Time is indeed of the essence! Gifts of appreciated stock still shine Giving in a roller coaster market may continue to be a real concern for many of […]
Five of 2022’s most-asked questions about Qualified Charitable Distributions Qualified Charitable Distributions, or “QCDs,” are becoming a very popular financial and charitable planning tool. At the same time, QCDs are growing as the source of more and more confusion. Here are answers to the questions most frequently asked this year by both advisors and […]
Estate planning: Your kids … and your community As you contemplate your legacy and adjust your estate plan over the years, it’s natural to focus on your children and family as the primary beneficiaries in your will and trust. If you’re like an increasing number of charitably-minded individuals, though, you might find that your perspectives […]
Four FAQs to help you establish an endowment or Forever Fund Many community-minded individuals have served on the boards of directors of charitable organizations in our region. If you’ve served on a charity’s board (or several!), you are no doubt familiar with the concept of an endowment. Many charities establish endowment funds and reserve funds […]
