November 12, 2019
The ripple effects of tax reform have meant that less than 10% of taxpayers now itemize deductions. A smart strategy for your charitable clients who want to maximize deductions under the new tax laws is to make two or more years worth of charitable contributions in a single year. Known as bunching, bundling or stacking […]
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September 30, 2019
Attorneys, accountants and financial advisors hold trusted positions with philanthropic families to offer not only suggestions for tax planning in support of favorite causes, but also to be aware of perspectives that will make the charitable giving experience meaningful for all members of the family. Indeed, not all members of a single family will see […]
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May 24, 2019
Summer will soon be here, bringing along the fun and excitement of special vacation planning. Researching your destination, shopping for the best airfare prices, and gathering the proper travel gear may top your checklist, but as you update your passport or purchase travel insurance, why not also use this opportunity to review your will and […]
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May 17, 2019
Brain science demonstrates that for children to reach their full potential, communities need to support the ability of families and childcare programs to provide specific experiences when the brain benefits most – in the first few years of life. “Responsive interactions at the right stages of development help determine how well children think and regulate […]
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May 8, 2019
Shaneen Sloan, a native Arkansan, witnesses the generosity of people in our state daily. As a partner with Hyden, Miron and Foster PLLC, she provides her clients with smart giving advice as they begin to think about giving back to the community they call home. To Shaneen, smart giving advice means offering insight on the […]
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April 15, 2019
A story from our 2018 Annual Report The first Crawford County grant of the newly expanded Western Arkansas Community Foundation helped fund a summer arts camp at the Center for Arts and Education in Van Buren. Ken Kilgore, a board member of both organizations, explained that the grant to fund the summer program for students […]
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April 2, 2019
Does tax season get you thinking about how you gave in 2018? What goals did you create for yourself and how did you reach them? Year-end sneaks up on all of us, especially as we consider tax-deductible donations. We may find ourselves rushing around to respond to the needs of multiple nonprofits or hastily deciding […]
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March 28, 2019
School Counts! This workforce development partnership between Morrilton’s business community, the county’s K-12 schools and the University of Arkansas at Morrilton is supported by the Conway County Community Foundation because of its clear relationship to community growth and personal opportunity. “Since it started back in 2006, our local Community Foundation has made significant contributions to […]
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March 19, 2019
Thirty years ago, the late H.L. and Janelle Hembree began one of the first donor advised funds at what is now the Western Arkansas Community Foundation with a gift of $104,000. To date, Hembree family members have made almost $2.2 million in grants to nonprofits in Fort Smith and Northwest Arkansas from the proceeds of […]
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March 12, 2019
A Qualified Charitable Distribution (QCD) is a direct transfer of funds from a traditional IRA account to a public 501c3 nonprofit, such as the Community Foundation. A QCD can count as all or some of the IRA owner’s required minimum distribution (RMD), and the QCD amount is not added to taxable income as an RMD […]
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