QCDs: Clearing up confusion
QCDs: Clearing up confusion If you’ve been involved with The Community Foundation for a while, you’ve likely heard of the Qualified Charitable Distribution (“QCD”) because we mention it a lot. And with good reason! If you are aged 70 ½ or older, it is well worth your time to investigate whether a QCD might be […]
Have your cake and eat it too: A dual approach to charitable giving
Have your cake and eat it too: A dual approach to charitable giving The change of seasons is often an opportunity to catch our breath and reassess. We’re done with taxes, really done with cold weather (hopefully), and feel a sense of renewal as our attention turns to gardening and other growth-oriented, warm weather pursuits. […]
Great Community Give Raises $2 Million for Area Nonprofits
GREAT COMMUNITY GIVE DAY 2023: TWO MILLION RAISED Harrisonburg, VA – The 6TH annual GREAT COMMUNITY GIVE was held today, Wednesday, April 19, 6:30am-8pm. As Harrisonburg and Rockingham County’s community-wide day of “Giving”, GREAT COMMUNITY GIVE wants nonprofits to have the resources they need to succeed in their missions. Their totals for all six […]
Turmoil in banking and technology: Optimism for charitable giving?
Turmoil in banking and technology: Optimism for charitable giving? And, the wild ride continues! It’s been three years since the Covid-19 pandemic swept the globe and wreaked wide-ranging havoc on so many areas of the economy. Then came inflation, rising interest rates, and a volatile stock market. Now, in early 2023, advisors and clients are […]
Boiling down the alphabet soup: What actually are RMDs and how do they relate to QCDs?
Boiling down the alphabet soup: What actually are RMDs and how do they relate to QCDs? If you get cross-eyed when you start reading about Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs), you are not alone! And, given the December 2022 passage of SECURE 2.0 legislation, changes to RMD rules are especially important […]
‘Tis the season: Why tax time is often the best time to get serious about your charitable plans
‘Tis the season: Why tax time is often the best time to get serious about your charitable plans Though often unappreciated, the annual passage of tax season has benefits. For one, it offers some finality to the prior year in that we finally know if we owe or are due a refund. For example, for […]
Private foundations and donor-advised funds: Debunking three myths
Private foundations and donor-advised funds: Debunking three myths If you’ve been involved with charitable giving for a few years, you’ve no doubt become familiar with both private foundations and donor-advised funds and their popularity as charitable giving tools. As is often the case with tax and estate planning-related topics, the differences between private foundations and […]
Go further with your charitable giving
Go further with your charitable giving Many donors are exploring how to help the victims of the earthquakes in Turkey and Syria. The team at The Community Foundation is happy to help you balance your desire to meet the most critical needs in our local community while also supporting international relief efforts. Please reach out anytime. […]
Hidden no more: Designated funds and field-of-interest funds
Hidden no more: Designated funds and field-of-interest funds Most attorneys, accountants, and financial advisors are well-aware of donor-advised funds and the reasons behind their popularity. Especially when a donor-advised fund is established at The Community Foundation, this vehicle is an excellent way for your clients to organize their charitable giving and get even more connected […]
Evaluating options for focusing your philanthropy
Evaluating options for focusing your philanthropy If you’ve been giving to favorite charities for many years, it will not surprise you to learn that most donors are interested in deepening and focusing their impact as they maintain the frequent and total amount of giving. Focusing on impact is hard, but it’s easier when you work with […]
Disaster giving: Perspectives for your clients
Disaster giving: Perspectives for your clients Both the recent one-year anniversary of the start of the Ukraine conflict and the earthquake that has devastated Turkey and Syria are causing more and more people to explore ways they can help. In an era of abundant giving methods and (sadly) potential fraud, The Community Foundation is a […]
In the news: Billionaire givers, QCDs, and celebrity inspiration
In the news: Billionaire givers, QCDs, and celebrity inspiration This month, we’re offering three suggestions for deeper reading on current topics in charitable giving. Bring out your inner academic with this blog post published by the Lilly Family School of Philanthropy at Indiana University, especially if you’re interested in the latest chatter and variety of […]
