If you’ve supported a particular charitable organization for many years, and perhaps even served on its board of directors, you are likely familiar with some basic concepts of “trust-based philanthropy,” even if you didn’t know that’s what it is called. As a...
At the community foundation, we are honored to talk with donors and fund holders every single day about favorite causes and how best to support those causes, whether through a donor-advised fund, an unrestricted gift to the community foundation, a legacy gift to...
If you advise charitable clients in your practice, you are no stranger to the IRS’s requirements for substantiating charitable deductions. In some cases, however, tax advisors and their clients are so focused on valuing the gift and filing the Form 8283 that they...
Retirement assets are becoming an increasingly important part of charitable planning. Americans hold more than $50 trillion in retirement accounts—nearly $20 trillion of which are held in IRAs. Meanwhile, the Great Wealth Transfer is underway, with more than $120...
Every organization dreams of that game-changing, multi-million-dollar bequest that seems to come completely out of the blue. We’ve all heard stories about a nonprofit learning that a longtime supporter has left a major endowment gift through a will, trust, IRA...
