Just as each person has a unique estate plan and financial plan to meet their particular situation and goals, most needs a unique charitable giving plan. For example, for some, giving shares of highly-appreciated stock consistently every year to their fund at the foundation makes...
Tax time has its silver linings! Going over a tax return helps start a productive conversation about ways to plan your gifts to charity more effectively. As you scan 2023’s charitable contributions, Think about whether those charitable gifts were made with cash or with other...
Developing a practice of regular contributions to your donor-advised fund at the McPherson County Community Foundation (MCCF) not only allows you to systematically build a philanthropic nest egg for your annual giving to favorite charities, but also paves the way for your future legacy bequests....
Our team is closely tracking the IRS’s proposed regulations concerning donor-advised funds, issued in November 2023. Note that these regulations are just “proposed”; it is unclear whether and to what extent they will become final. The public comment period was recently extended, and the community foundation field...
Many donors and fund holders at the McPherson County Community Foundation (MCCF) have updated their estate plans to leave a bequest to their donor-advised or other type of fund. Some bequests take the form of a “specific bequest,” which means that the fund at MCCF receives...
Simplicity, efficiency, and effectiveness have long been cornerstones of working with the community foundation to carry out charitable goals. Time and time again at the community foundation, we see how easily donors who’ve established a donor-advised or other type of fund are able to not...
Money, mortality, and family relationships. Each of those topics alone can be tough for anyone to address head on, and when you combine them, it’s no wonder so many people put off setting up or updating their estate plans. Establishing a will, trust, and beneficiary designations forces...
If you’ve supported a particular charitable organization for many years, and perhaps even served on its board of directors, you are likely familiar with some basic concepts of “trust-based philanthropy,” even if you didn’t know that’s what it is called. As a devoted supporter of the...
As you’ve chatted over the years with the professionals working at your favorite nonprofits, you’ve likely heard the term “planned giving.” You may have even wondered what the term means–even if you have already structured so-called “planned gifts” to support your favorite charities! Here are a...
Whatever their age or health status, most people are aware that they need to document important financial and personal information for loved ones, just in case the unexpected occurs. We’ve all heard stories about someone’s family member who passed away and left little, if any,...