Funds for year-end, gifts from your IRA, and assets you can give to your fund
Hello from the community foundation!
We’re honored to work with so many of you as you support the charitable causes that mean the most to you and your family. If you’ve not yet established a fund at the community foundation, please reach out! We’d love to help you structure a charitable giving plan that’s just right for you, including a donor-advised fund, legacy gift, field-of-interest fund, or all of the above and more. Our goal is to help you make a difference in the ways that mean the most to you.
Here’s what’s trending:
–We’re so glad to see that field-of-interest funds and designated funds are gaining popularity. A field-of-interest fund allows you to support a specific
charitable cause by leveraging the community foundation’s expertise. A
designated fund allows you to support a favorite charity or charities over
time. Best of all, if you’re over the age of 70 ½, both of these funds are
eligible recipients of Qualified Charitable Distributions (QCDs) from your IRA,
up to $105,000 a year. Reach out to learn more about field-of-interest funds,
designated funds, and QCDs.
–Many Americans hold a significant portion of their net worth in one or more IRAs. Have you thoroughly considered all of the ways your IRA can help you meet you charitable giving goals, both during your lifetime and through a legacy? Giving to charity from an IRA is one of the most tax-savvy moves you can make. Reach out to the community foundation team to learn more.
–It’s that time of year! You may be starting to review your tax projections to determine an ideal level of charitable giving at the end of 2024. Before you start
writing checks, stop to consider the many types of assets that frequently make
even better gifts to your fund at the community foundation. Our team can help
you and your advisors identify the best assets for year-end giving.
Finally, and most importantly, our hearts go out to the millions of people affected by Hurricane Helene. Community foundations in the affected areas and across the country are making it as easy as possible to donate to relief efforts. Please contact the team at the community foundation to learn more about how you can help swiftly and most effectively.
With gratitude,
Angie Tatro,
CKCF CEO
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