How to Grant from Your Donor-Advised Fund in a Down Market

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

When the market is volatile, investment experts will tell you to keep your emotions out of your decisions and stay the course. But for many, charitable giving is inherently emotional. Stories of those in need tug at our heartstrings, and as the market turns downward, our communities’ needs grow. So it’s critical that we can access donor-advised fund assets to …

Planning 2021 Year-End Contributions and Grants

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

We’re helping our donors make the most of their giving as the holiday giving season approaches. Here are a few deadlines to keep in mind: Publicly traded securities can take up to two weeks to process. We suggest initiating the contribution by Dec. 13 and notifying us at investmentteam@growyourgiving.org. Assets must be received by Dec. 31.     For wire …

Donor-Advised Funds: A Critical Component of our Philanthropic Ecosystem

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

The Greater Kansas City Community Foundation’s goal is to provide our donors with a great giving experience. Part of that experience includes the ability to give strategically via donor-advised funds, which could span decades or multiple generations. From time to time, there are rumblings of legislation impacting donor-advised funds. We always have our ear to the ground in D.C. Right …

The Next Generation of Philanthropy: A Conversation with Sharna Goldseker and Michael Moody

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

Philanthropic experts Sharna Goldseker and Michael Moody join Senior Philanthropic Advisor Gwen Wurst on the Grow Your Giving podcast to discuss how younger generations are approaching philanthropy and how families can navigate multigenerational giving. Sharna and Michael are co-authors of the bestselling book Generation Impact: How Next Gen Donors Are Revolutionizing Giving. Listen to their conversation online or wherever you …

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 …

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 …