Donor News

06 Sep Relief from catch-up requirements: More money for charitable giving?

Posted at 16:30h in Donor News

Legislation known as SECURE 2.0 contained a dizzying array of changes to the laws governing retirement plans. Passed at the end of 2022, SECURE 2.0 is 130 pages long; overall, its purpose is to encourage more retirement savings through vehicles like employer-sponsored 401(k) plans. Lately, the buzz around...

31 Aug Our Reading Selections

Posted at 16:13h in Donor News

Giving is down, but the total amount-–nearly $500 billion—is still impressive Just reported in June by Giving USA was a rare decline, 3.4%, in charitable giving by Americans in 2022. Though giving totaled nearly $500 billion, officials cited high inflation and the stock market’s pullback as...

17 Aug It’s (always) a great time to review your estate plan and legacy gifts

Posted at 13:20h in Donor News

Don’t forget that August is National Make-A-Will month. Even if your estate planning documents are already in place, this is still a good time to review your will, trust, and beneficiary designations to ensure that they still capture your financial and family situation, as well...

10 Aug Like entrepreneurs, philanthropists inspire and innovate through their investments

Posted at 13:28h in Donor News

Despite the recently-announced decline in 2022 charitable giving, we continue to hear inspiring stories from you and other fund holders and donors. We’re also hearing from more and more individuals and families who are not yet fund holders that they’re very interested in establishing a...

03 Aug Making it fun: Tips for teaching children about philanthropy

Posted at 14:39h in Donor News

Over the years, you’ve probably taught your young children, grandchildren, nieces, and nephews lessons along the lines of “share and share alike” and “better to give than to receive.” But how do you transition these lessons into more concrete instruction about charitable giving, without risking...

20 Jul Summer reading picks

Posted at 16:00h in Donor News

Why do people give? A recently-released report identified the primary tenets of generosity according to Americans: how they define it; what it means to them; where their generosity comes from; its importance to society and their expectations. The report also identifies different donor types and how...

13 Jul NIL collectives: A cautionary tale about private benefit rules

Posted at 16:16h in Donor News

In recent years, universities and their donors have organized what are known as “NIL collectives” to develop revenue opportunities for college student athletes’ “name, image and likeness.” The NCAA approved its NIL policy on June 1, 2021, and during the first year of the policy...

06 Jul Unlock the unexpected power of regret to grow your charitable giving

Posted at 15:40h in Donor News

Did you know that the McPherson County Community Foundation provides “regret mitigation” services? We’re only half kidding! Not surprisingly, financial regrets are common, with those related to personal finances among the most frequent. Of recently surveyed American retirees, 75% wish they’d started saving earlier, and 62%...

22 Jun More alphabet soup: QCDs, CRTs, and CGAs

Posted at 14:30h in Donor News

If you or a family member has reached the age of 70 ½, you might have heard of a tax benefit known as the Qualified Charitable Distribution (QCD), which allows you to direct up to $100,000 annually from your IRA to a qualified charitable organization...

15 Jun Recognition or anonymity: Which one’s for you?

Posted at 14:48h in Donor News

The McPherson County Community Foundation(MCCF) is committed to working with you and your family to fulfill your charitable goals, whether those goals relate to making an impact, leaving a legacy, saving money on taxes, expressing gratitude, or a combination of objectives. If you have not...