Dolly Parton’s Imagination Library Receives Funding from Sentara Healthcare
Dolly Parton’s Imagination Library Receives Funding from Sentara Healthcare The Community Foundation of Harrisonburg and Rockingham County (TCFHR) and Sentara Healthcare are collaborating to bring books into the hands of all children under five years old in our community. TCFHR, a local nonprofit organization, received word that Sentara Healthcare will fund a $15,000 grant […]
Give a little and feel a lot better
Give a little and feel a lot better In the classic book The Go-Giver: A Little Story about a Powerful Business Idea, authors Bob Burg and John Mann share how Joe, a young professional, uses unselfishness to ultimately find business success. Among the philosophies: –Your true worth is determined by how much more you give […]
Counseling your clients about nonprofits: The good, the bad, and the big leaps
Counseling your clients about nonprofits: The good, the bad, and the big leaps The nonprofit sector accounts for more than 12 million jobs in the United States, and job growth in the nonprofit sector in recent years has outpaced job growth in the private sector. As an advisor, you are more likely than ever […]
Bright spots in the midst of economic challenges
Bright spots in the midst of economic challenges Bear markets aren’t much fun for 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 about that rely on your support to achieve […]
Disaster philanthropy: Your clients and the important role of individual philanthropy
Disaster philanthropy: Your clients and the important role of individual philanthropy Sadly, your philanthropic clients have likely grown accustomed to making charitable donations to support disaster relief. Individual donations provide critical resources to help communities recover from the many disasters–weather, fire, humanitarian, disease, war–that occur each year. In the wake of Hurricane Ian, your clients may […]
What seems charitable may not always be deductible in the eyes of the IRS
What seems charitable may not always be deductible in the eyes of the IRS With such a wide range of options available for you and your family to support your favorite causes and your community, ranging from crowdfunding to online solicitations, how do you know whether (and why) your donations are eligible for funding out […]
Is the cost of event tickets tax deductible?
Is the cost of event tickets tax deductible? 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 can be tricky. As a general rule, […]
Summer legislative updates–and looking ahead to sunsets
Summer legislative updates–and looking ahead to sunsets Reconciliation legislation is back in play, and includes a few tax provisions (e.g., adding a corporate minimum tax and eliminating the carried interest tax break). Notably, though, the proposal includes $80 billion in budget increases for the Internal Revenue Service, which will help shore up the IRS’s expertise […]
Generational giving through retirement plans, life insurance, and meaningful bequests
Generational giving through retirement plans, life insurance, and meaningful bequests August is national Make a Will Month. You’ve likely already worked with your advisors to establish an estate plan, including a will and even a trust. Still, this is a good time of year to review your plan in case things have changed. As you […]
Thinking differently about scholarships can make all the difference
According to statistics gathered by the National Scholarship Providers Association, approximately $100 million in scholarship money is left sitting on the sidelines each year, unused. Even though the number of scholarships awarded in the United States has increased overall by more than 45% over the last decade, not enough students are applying. These are sobering […]
Playbook: Helping clients organize their giving through a donor-advised fund
Picture this: Your clients will arrive in 15 minutes. You’re reviewing the file. Everything is in order. The estate planning documents are up to date, you’re ready to share the latest investment results, and you are prepared to debrief the 2021 tax season and make tax planning recommendations for the remainder of this year. It […]
Community Foundation Scholarship Application Window Open!
The Community Foundation of Harrisonburg & Rockingham County (TCFHR) is excited to offer a new online system for scholarship applications. Students may access the new system to determine eligibility to apply for 2022 scholarship awards. TCFHR provides a variety of scholarship opportunities for students seeking to receive financial assistance as they prepare for college or […]
