A new year is such a great time to plan and reboot. Cliche as it may be to talk about resolutions this time of year, it’s tough to deny that January represents a clean slate for “to do” lists, goals, and your overall mindset. As you...
Helping families create a meaningful structure for their philanthropy has long been a hallmark service of the McPherson County Community Foundation(MCCF). That structure and the resulting discipline are increasingly important as both wealth and charitable giving more frequently span multiple generations. Indeed, spontaneous and unstructured...
You can have MAXIMUM impact on your community by donating your required minimum distribution. The higher standard deduction, which for 2023 will be $13,550 for singles and $27,700 for joint filers, has caused fewer taxpayers to take the itemized deduction on their tax returns. While this...
Perhaps you established a donor-advised fund at the McPherson County Community Foundation (MCCF) years ago, or you set up a donor-advised fund more recently. Whatever the case may be in your situation, it’s a great idea to consider a few best practices for ensuring that your...
Many eyes are on the Charitable Act, which, if passed, would allow for deductible charitable contributions that exceed the standard deduction. The Charitable Act proposes to restore the pandemic-era “universal charitable deduction” and raise the cap from $300 for individuals ($600 for joint filers) to...
Whether you’re motivated to respond to needs created by a conflict, accident, or natural disaster, it’s human nature to want to help—especially through financial support. All too often, a tragic event occurs and is quickly publicized through news accounts or social media. Then, the dollars...
When you think about supporting your favorite charities or making contributions to your donor-advised or other type of fund at the McPherson County Community Foundation(MCCF), cash may be the first thing that comes to mind. It seems so easy to just write a check or...
Holidays and tax planning (although very different in the ways they are celebrated!) are both year-end traditions. No doubt (?) you’ve got the holidays covered, and perhaps your advisors are already helping you make sure your tax planning is in place. It’s a good idea...
You are not alone if you begin to feel a little anxious when October rolls around. Many people experience year-end stress, whether because of looming deadlines at work, tax-related estate planning cut-off dates, anticipating a busy holiday season of travel and social engagements, or simply the...
At the McPherson County Community Foundation (MCCF), we regularly talk with retirement-age donors and fund holders about the tax benefits of Qualified Charitable Distributions and leaving bequests of IRAs to a donor-advised fund at MCCF. But getting involved in philanthropy can be so much more...