Blog

April 17, 2023

If you get cross-eyed when you start reading about Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs), you are not alone! Given the December 2022 passage of SECURE 2.0 legislation, changes to RMD rules are especially important to understand if you are involved in charitable giving and have reached the age of 70 1/2.  What is an […]

March 6, 2023

The recent one-year anniversary of the start of the Ukraine conflict and the earthquake that has devastated Turkey and Syria are causing many to explore ways they can help. In an era of abundant giving methods and unfortunately potential fraud, the Community Foundation is a source of reliability and expediency to help your clients act […]

Most attorneys, accountants and financial advisors are well-aware of donor advised funds and the reasons behind their popularity. Especially when established at the Community Foundation, a donor advised fund is an excellent way for your clients to organize their charitable giving and get even more connected to the causes they care about.   Enter the Qualified […]

February 1, 2023

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 that make it easier for people to build retirement savings. Three […]

January 4, 2023

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 get organized early, particularly as economic headwinds make planning especially important.  A conversation […]

January 4, 2023

Congress passed the much-anticipated, $1.65 trillion-dollar omnibus spending bill known as the Consolidated Appropriations Act of 2023 (“CAA”) December 23, 2022. At more than 4,000 pages, the Act includes a wide range of provisions that impact multiple sectors.   Of particular interest to attorneys, accountants, and wealth managers who advise philanthropists are the provisions starting midway […]

Market declines and inflation have made 2022 a challenging year for some clients to fulfill their traditional giving objectives.  With annual inflation hovering at 8% (and no relief in sight) and liquidity less than ideal, cash may be hard for donors to part with. Giving stock may also be hard to swallow, at least psychologically, […]

November 7, 2022

Giving appreciated stock to charitable organizations is a highly-effective tax strategy. During years when highly-appreciated stock is in short supply, however, implementing this strategy may be easier said than done.  This is when donor-advised funds come in especially handy. Now is the time to discuss charitable giving with those clients who regularly added to their […]

October 19, 2022

Meet professional advisors who partner with the Community Foundation to meet their client’s charitable goals – and who also have their own funds with us. Eric Hutchinson, vice president of Goldman Sachs, is a local professional advisor we work with to serve his clients. Hutchinson served on the Community Foundation’s state board starting in 2013, […]

You’ve no doubt noticed that donor-advised funds have been featured more prominently over the last few weeks in financial and wealth management publications. That’s in part because the Accelerating Charitable Efforts Act was reintroduced in the House of Representatives on February 3, 2022. The legislation contains the same proposed law changes as the bill introduced […]