Stories

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...

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

With tax season wrapping up, many people are considering how best to use their refund. Fortunately, charitable giving tends to rank high on ways people spend "bonus" money, and giving intentionally and strategically always helps that gift go further. Most...

Private Foundations and Donor-Advised Funds: Debunking 3 Myths

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...

Gay Community Endowment Fund grantees discuss housing, mental health and more

In March 2023, representatives from nonprofit organizations that have received grants from the Gay Community Endowment Fund gathered to discuss opportunities for collaboration, as well as how the fund can further support each organization's goals. GCEF's...

Bayard Rustin LGBTQ+ Resource Center provides clients with tools for success

Impact grant from the Gay Community Endowment Fund helps the center expand its facility, services In 2022, the Akron AIDS Collaborative received a $7,500 impact grant to support the Bayard Rustin LGBTQ+ Resource Center. The center, which opened in January...

Preparing for the future: It's easier with an endowment

The gold standard for many nonprofits whose missions are critical to our society is the ability to provide reliable services to the people who are counting on them, regardless of economic ups and downs. This is especially true in the wake of weather-related...

3 Reasons to Talk With Your Clients About Charitable Giving

No doubt, your news feed includes far more articles about philanthropy as a planning tool for your clients than it did just a few years ago. Charitable giving has always been an important subject of client discussions for attorneys, accountants and financial...

Charitable strategies for advisors facing their own liquidity event

By Jesse W. Hurst, CFP®, AIF®, Financial Advisor and CEO of Impel Wealth Management and Lewis E. Bennett III (Trey), Partner, Stark & Knoll Co. L.P.A. In high school, many of us were asked to solve a word problem that went something like this: Two...

In case you missed it: Three tax tips worth smiling about

Energy incentive extends to nonprofit organizations Nonprofits and other exempt entities are often left out of discussions when new tax incentives are proposed in Congress, primarily (and logically) because these organizations don't pay tax. Fortunately,...

Did you know your clients can use their RMD to start a charitable fund?

To alleviate the tax burden of required minimum distributions from IRAs, many advisors are recommending their clients use their RMDs to make qualified charitable distributions (QCDs) to their favorite charities. These tax-free distributions are a financially...

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