Stories

The summer months are typically slow, but if ever there were a summer to step up your fundraising efforts–especially efforts to grow your endowment or reserve funds–this would be the summer to do it. That’s because new research points to a lack of...

Learn more about donor-advised funds

Charitably-inclined individuals and families have many options for organizing their charitable giving. The community foundation works with a wide range of donors to help them establish a charitable giving plan to ensure that they can maximize their support of...

A Recipe for Crisis

Ending of emergency benefits, inflation place squeeze on healthy food access On a sunny April afternoon, dozens of cars line up in single file at Summit Lake Community Center in South Akron. Volunteers adorned in orange fill the trunks of the vehicles with...

Hidden Opportunities: Designated and Field-of-Interest Funds

Most attorneys, accountants and financial advisors are well aware of donor-advised funds and the reasons behind their popularity. Especially when a donor-advised fund is established at the community foundation, this vehicle is an excellent way for your...

Donating Retirement Assets Offers a 'Trifecta' of Tax Benefits

Over the last few months, many advisors have noticed an uptick in client inquiries about leaving their IRAs and other retirement plans to charity. If you’re wondering why, it likely has a lot to do with the buzz about Qualified Charitable Distributions,...

Income timing: A NIMCRUT could hold the key

Clients who own closely held businesses or real estate may be good candidates for a particular type of charitable remainder trust known as a NIMCRUT, which is short for "Net Income with Makeup Charitable Remainder Unitrust." The way it works is that...

Turmoil in banking and technology: Optimism for charitable giving?

In the weeks since the collapse of Silicon Valley Bank, many philanthropic clients may be looking to their advisors for advice on how the recent events in the banking world could impact their approach this year to charitable giving. We’re sharing three...

Bunching: Help donors help you

As every nonprofit leader is no doubt aware, the rules for charitable deductions have changed over the last few years. The charitable contribution deduction is available only to taxpayers who itemize deductions, and because the standard deduction recently...

Giving a Business to Charity: Start the Conversation Now

Despite recent reports of a 55% decline in charitable giving by the top 50 U.S. donors in 2022, high profile giving by donors associated with well-known businesses has maintained its place in the limelight, even amid recent market volatility and tenacious...

SECURE Act 2.0: What are RMDs and how do they relate to QCDs?

If reading about Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs) made doing your taxes this year a chore, you are not alone! The SECURE Act 2.0 made changes to RMD rules that are important to understand, especially if you...

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