Charitable Giving comes in many different forms. With the Community Foundation you have flexibility, options and an experienced team of professionals to help you. There are options for donors to balance the right combination of options for maximum impact and benefit, known as blended gifts. Blended gifts can maximize a donor’s ability to make a [...]
Required minimum distributions (RMDs) are back: Temporarily waived in 2020 under the CARES Act, these mandatory IRA distributions will once again need to be completed by year's end. Retirees who did not take their RMD in 2020 may also find they need to take an even larger distribution this year because their account balance has increased. One [...]
During 2020, The Community Foundation and our donors invested nearly $2.6 million dollars in our community for charitable causes. The Community Foundation issued grants of over $2.31 million dollars to various non-profits; $244,250 for projects in our community like Freedom Park and Taylor Springs Park; our scholarships funded $13,000 of higher education expenses for our scholarship recipients; [...]
Volunteers from the community, the Community Foundation and Freedom Park Committee Members joined forces on Saturday, October 24 to build a playground in the Valley View community. The new playground’s design is based on input provided by Valley View Elementary School children and their families. Thank you to the hard working volunteers who made the [...]
While many of us have the luxury of “sheltering in place”, with food and necessities, some are not so fortunate. Below are some of the organizations in our community meeting emergency needs and ways that you can support the work they are doing. Caring Place: Food (via drive through delivery at Wildwood location), Sac Pac [...]
Expanded charitable contribution deductions For charitable contributions made in 2020, there is now available an unlimited charitable deduction for cash contributions to public charities, for taxpayers who itemize deductions (file Schedule A as part of their Form 1040). This means that for every dollar contributed, an income tax deduction will be allowed up to the [...]
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act. The $2 trillion CARES Act includes emergency relief for individuals, businesses, medical centers and nonprofits. There are some important time-sensitive implications for 501(c)(3) nonprofit organizations that we want to bring to your attention. You may want to act quickly [...]
Planned giving is one of those things everyone thinks they know, but often do not. While there are several ways of defining planned giving using technical language, this simple description works in almost every situation: A planned gift is any gift that takes more than two minutes to make. Essentially, a planned gift is any [...]
You can experience the joy of giving—by transferring some of your IRA funds directly to charity during your lifetime without first counting it as income and paying federal income tax on it. The “Setting Every Community Up for Retirement Enhancement” Act, aka the SECURE Act, was signed into law on December 20, 2019. The SECURE [...]
Dear Nonprofit Colleagues: Thank you. You have stepped forward, yet again, to help innocent people who are being hurt by circumstances beyond their control. In normal times, you are reliably there helping others cope with everyday struggles and natural disasters. This time, however, it’s an unnatural disaster created by the President and Congress. Still you [...]
