News from Washington: An update on donor-advised funds

News from Washington: An update on donor-advised funds The IRS proposed regulations concerning donor-advised funds, issued in November 2023. Certainly these regulations are just “proposed”; it is unclear whether and to what extent they will become final. If you routinely read financial publications, you may have seen articles about these proposed regulations and speculation about […]

Tax return reviews help clients level up charitable giving plans

Tax return reviews help clients level up charitable giving plans Tax time has its silver linings! Going over a tax return with a client helps start a productive conversation about ways to plan gifts to charity more effectively. As you scan 2023’s charitable contributions, talk with the client about whether those charitable gifts were made […]

Our door is open: What happens when you meet with the team

Our door is open: What happens when you meet with the team At The Community Foundation, we are honored to work with generous individuals and families like so many of you who’ve established funds to support the causes you care about and the needs of our community both now and in the future. We’re also […]

Full circle: Grow your philanthropy through recurring gifts

Full circle: Grow your philanthropy through recurring gifts Developing a practice of regular contributions to your donor-advised fund at The Community Foundation not only allows you to systematically build a philanthropic nest egg for your annual giving to favorite charities, but also paves the way for your future legacy bequests. Whether your cadence of contributions […]

Tips for serving clients who love local

Tips for serving clients who love local   Your charitably-minded clients certainly have no shortage of options for their philanthropic dollars. Many clients use their donor-advised funds, for example, at The Community Foundation to support favorite charities across the country, including alma maters, organizations in the communities where they’ve lived in the past or have […]

Psst: Don’t forget about charitable gift annuities

Psst: Don’t forget about charitable gift annuities   Certain charitable clients may wish to structure a gift to charity so that the client retains a lifetime income stream. Keep in mind that a charitable gift annuity (“CGA”) could be an attractive option for these clients. Plus, if the client is 70 ½ or older, the […]

FAQs: A snapshot of clients’ tax-time charitable giving questions

FAQs: A snapshot of clients’ tax-time charitable giving questions The year is in full swing. Attorneys, accountants, and financial advisors are asking clients to start gathering tax documents and related paperwork for 2023 tax returns and 2024 planning. Now is a good time for advisors to review a few basic tax principles related to charitable […]

What happens when I leave a bequest to my fund at The Community Foundation?

What happens when I leave a bequest to my fund at The Community Foundation? Many donors and fund holders at The Community Foundation have updated their estate plans to leave a bequest to their donor-advised or other type of fund. Some bequests take the form of a “specific bequest,” which means that the fund at […]

Big or small, every gift matters

Big or small, every gift matters Simplicity, efficiency, and effectiveness have long been cornerstones of working with The Community Foundation to carry out charitable goals. Time and time again at The Community Foundation, we see how easily donors who’ve established a donor-advised or other type of fund are able to not only fulfill their big-picture […]

Estate planning: One of the best ways to show you care

Estate planning: One of the best ways to show you care  Money, mortality, and family relationships. Each of those topics alone can be tough for anyone to address head on, and when you combine them, it’s no wonder so many people put off setting up or updating their estate plans. Establishing a will, trust, and […]

Clean slate: Tips for charitable giving in 2024

Clean slate: Tips for charitable giving in 2024 A new year is such a great time to plan and reboot. Cliché as it may be to talk about resolutions this time of year, it’s tough to deny that January represents a clean slate for “to do” lists, goals, and your overall mindset. As you think […]

Providing guidance for loved ones about your charitable giving

Providing guidance for loved ones about your charitable giving Whatever their age or health status, most people are aware that they need to document important financial and personal information for loved ones, just in case the unexpected occurs. We’ve all heard stories about someone’s family member who passed away and left little, if any, information […]