Philanthropic Impact

 

Information and Resources for Donors and Professional Advisors

IRS Proposed Regulations

Taxes on Taxable Distributions from Donor Advised Funds (IRC §4966) The IRS released the first installment of proposed regulations in November of 2023 providing guidance on certain tax rules applying...

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“I still don’t get it”: TLC for your clients’ QCDs

Despite the Qualified Charitable Distribution’s (QCD) position as a financial media darling, mentioned in hundreds of articles every week, it’s still not an easy concept to get your head around....

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2023 Year End Charitable Planning Reminders

Tax Benefits Charitable contribution deductions for donations to public charities are limited to 60% of AGI for cash gifts, while the limit for appreciated non-cash assets held more than one...

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It’s that time of year: Three reminders for client’s charitable giving

December 31 is fast approaching, and that means income tax deadlines are beginning to loom large. As you work with your clients this month, try to get ahead of the...

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Advisors and coaches: How you and the Community Foundation work together to serve your clients

Work with the Community Foundation to support your clients’ charitable giving. As an attorney, accountant, or financial advisor, you’re a key part of every client’s multifaceted team that helps with...

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“Better three hours too soon than a minute too late.”

While William Shakespeare and the IRS may not appear to have much in common, delayed timing resulted in a lost charitable income tax deduction and a hefty capital gains tax...

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Passage of SECURE 2.0 Act incentivizes Americans to make charitable gifts in 2023

On Dec. 23, Congress passed the Consolidated Appropriations Act of 2023, which includes a package of retirement reform bills including the long-awaited SECURE 2.0 Act.    SECURE 2.0 provides something for every...

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Proposed SECURE Act 2.0 and Charitable Giving

Talking Charity with your Clients: SECURE Act 2.0 and Historical Context of the Charitable Deduction Tax issues related to the charitable giving are hot topics these days as potential tax...

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3 Tried and True Financial Strategies for Charitable Giving in 2022

For those ready to make philanthropy a priority in 2022, proven strategies are the best bet. For Americans across the country, the new year represents two things: a chance to...

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Year-End Charitable Giving Reminders

As you work with your advisors on year-end planning, consider some of these giving strategies that will allow you to support the Community Foundation and charitable causes important to you...

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