Donor News

08 Jun Private foundations and donor-advised funds: Debunking three myths

Posted at 11:46h in Donor News

If you’ve been involved with charitable giving for a few years, you’ve no doubt become familiar with both private foundations and donor-advised funds and their popularity as charitable giving tools. As is often the case with tax and estate planning-related topics, the differences between private...

11 May QCDs: Clearing up confusion

Posted at 15:28h in Donor News

If you’ve been involved with the McPherson County Community Foundation for a while, you’ve likely heard of the Qualified Charitable Distribution (“QCD”) because we mention it a lot. And with good reason! If you are aged 70 ½ or older, it is well worth your time...

04 May Have your cake and eat it too: A dual approach to charitable giving

Posted at 14:08h in Donor News

The change of seasons is often an opportunity to catch our breath and reassess. We’re done with taxes, really done with cold weather (hopefully), and feel a sense of renewal as our attention turns to gardening and other growth-oriented, warm weather pursuits. And, many of...

20 Apr Popular topics: Banking fall out, proposed legislation, and new stats on volunteerism

Posted at 15:04h in Donor News

Not a day goes by at the community foundation without our team talking with fund holders–and potential fund holders!--about philanthropy in our community and all the ways charitable giving can make life better for everyone who lives here. Recently, we’ve noticed an uptick in interest...

13 Apr ‘Tis the season: Why tax time is often the best time to get serious about your charitable plans

Posted at 14:22h in Donor News

Though often unappreciated, the annual passage of tax season has benefits. For one, it offers some finality to the prior year in that we finally know if we owe or are due a refund. For example, for the 2021 tax year, the IRS processed 88 million...

06 Apr Boiling down the alphabet soup: What actually are RMDs and how do they relate to QCDs?

Posted at 14:34h in Donor News

If you get cross-eyed when you start reading about Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs), you are not alone! And, given the December 2022 passage of SECURE 2.0 legislation, changes to RMD rules are especially important to understand if you are involved...

23 Feb Keeping track of your charitable donations is more important than ever

Posted at 14:03h in Donor News

When the Inflation Reduction Act was signed into law in August, many taxpayers were relieved that the Act did not include heavily-debated proposed tax hikes that were so prominent in early versions of the legislation. What’s weighing on a lot of taxpayers’ minds, however, even...

16 Feb In the news: Billionaire givers, QCDs, and celebrity inspiration

Posted at 11:44h in Donor News

This month, we’re offering three suggestions for deeper reading on current topics in charitable giving. Bring out your inner academic with this blog post published by the Lilly Family School of Philanthropy at Indiana University, especially if you’re interested in the latest chatter and variety of...

09 Feb Corporate giving: Amazon’s news, key trends, and a primer to kick off the new year

Posted at 15:43h in Donor News

Since it launched in 2013, the Amazon Smile program has provided hundreds of millions of dollars to various charities. The program worked by allowing customers to identify a favorite charity in the customer’s Amazon profile. Then, Amazon would make a donation equal to 0.5% of...

02 Feb Community foundations: Unparalleled resources for local giving with major impact

Posted at 14:53h in Donor News

As economic times get tough, more and more people are asking how they can make the biggest difference right in their own backyard. Indeed, local giving is a topic that has even made its way into the opinions of the mainstream media, causing many charitably-inclined...