Year-End Giving Tax Strategies: A Conversation with Vice President & Corporate Counsel Corey Ziegler

hawkins@growyourgiving.org Individual & Family Giving, Professional Advisors

In part one of a two-part series on year-end giving on the Grow Your Giving podcast, Community Foundation Vice President and Corporate Counsel Corey Ziegler recently shared five strategies to consider for tax-efficient charitable giving in the last few weeks of the year. Corey discussed the following topics: The CARES Act IRA Qualified Charitable Distributions Bunching Donations in a Donor-Advised …

CARES Act: Charitable Deduction Summary

hawkins@growyourgiving.org Corporate Charitable Giving, Individual & Family Giving, Professional Advisors

The CARES Act, signed into law on March 27, includes provisions that affect both individual and corporate donors. Specifically: 60% of AGI Limit Suspended for 2020 For the 2020 tax year, individuals can deduct any cash contributions made to qualified charitable organizations, up to 100% of their adjusted gross income (AGI). Deductions for cash donations were previously limited to 60% …

Making a Greater Impact: A Conversation with Mollie Carter and Paul Chan

hawkins@growyourgiving.org Individual & Family Giving, Professional Advisors

Greater Kansas City Community Foundation Investment Analyst Trey Corbett sat down with Community Foundation donors Mollie Carter and Paul Chan on the most recent episode of the Grow Your Giving podcast to discuss impact investing, a strategy where donors use their charitable assets to make a social or environmental impact with a financial return. The Community Foundation has helped donors …

Introducing the 2018 Annual Report

hawkins@growyourgiving.org Community Foundation News, Corporate Charitable Giving, Individual & Family Giving, Professional Advisors

Our 2018 Annual Report is now available online. More robust than ever before, the report details a full picture of all the charitable vehicles and services our donors utilize to maximize their charitable giving. In 2018, our donors reached a major milestone, granting more than $4 billion to charities since our founding in 1978. The 2018 Annual Report takes a …

Advising Across Generations: A Conversation with Sharna Goldseker

hawkins@growyourgiving.org Professional Advisors

Whitney Hosty, Senior Philanthropic Advisor recently sat down with Sharna Goldseker on our podcast to discuss how financial planners, wealth managers, accountants, attorneys and other professional advisors working with charitable clients can approach the topic of family philanthropy as we face the largest wealth transfer in our history. Listen to Sharna and Whitney’s conversation on the Grow Your Giving podcast, …

Year-End Giving Deadlines and Holiday Hours

hawkins@growyourgiving.org Community Foundation News, Individual & Family Giving, Professional Advisors

Gifts to donor-advised funds and grants to nonprofits are flying in and out of our office as quickly as ever as we approach the end of 2018. We are here to help you with any last-minute contributions to your fund or grants from your fund to your favorite charities. Please keep in mind that the IRS requires all 2018 charitable …

Making Qualified Charitable Distributions from Your IRA

hawkins@growyourgiving.org Individual & Family Giving, Professional Advisors

As the end of the year approaches, if you are age 70 ½ or older with a tax-deferred individual retirement account (IRA), you may be thinking about your required minimum distribution, or RMD. RMDs are mandatory distributions from your IRA that increase your total taxable income. If you are already giving to charity, you might consider directing your IRA distribution …

Giving Team Spotlight: Chris Rigsby

hawkins@growyourgiving.org Giving Team Spotlight, Professional Advisors

Chris Rigsby, Philanthropic Wealth Advisor, joined the Greater Kansas City Community Foundation team early in 2018 to work closely with professional advisors. Chris’ main focus is to help professional advisors navigate the topic of charitable giving with their clients. With nearly a decade of experience in the mutual fund industry and most recently working at Ivy Investments as a Senior …

Tax Cuts and Jobs Act: What You Need to Know

hawkins@growyourgiving.org Individual & Family Giving, Professional Advisors

The Tax Cuts and Jobs Act signed into law at the end of 2017 has made many significant changes to both corporate and personal tax laws. These changes, including the nearly doubling of the standard deduction for both individuals and couples, has many contemplating how they can still take advantage of the tax benefits associated with charitable giving. Charities that …