Stories

Protecting your clients from year-end charity scams

With GivingTuesday right around the corner, many of your clients are likely to make an "in the moment" decision to give to a charity. That's terrific, and you'll be doing them a big favor if you offer a gentle reminder that, unfortunately, there are a few bad...

The power of planning: bundling, bunching and bequests

The significant community needs arising from the events of 2020, coupled with recent tax law changes, make it even more important to help your clients plan their charitable giving strategies. For the last couple of years, your clients likely have been hearing...

Corporate giving programs: Opportunity in the COVID era

According to the recently released 2020 Porter Novelli Executive Purpose Study, more than 80% of large company executives believe for-profit companies have a responsibility to play a role in resolving social issues. The study also found that most executives...

Advising clients on starting a charity

As 2020 marches on with little relief in sight from the crises affecting our region, more and more attorneys, accountants and financial advisors are fielding questions from well-intentioned clients who are exploring starting their own nonprofits to help...

GCEF presents 2020 scholarships

The Gay Community Endowment Fund recently awarded scholarships to four students who have positively impacted the LGBTQ+ community. In total, the GCEF Scholarship Fund awarded $8,000 this year to help local students achieve their higher education...

CLATs offer rare wealth transfer opportunity

The current environment of historically low interest rates has some experts heralding a "golden age of CLATs." More formally known as Charitable Lead Annuity Trusts, these planned giving vehicles pay a fixed amount to charity each year for a specific period...

Community foundations mobilize more than $1 billion for COVID-19 relief

In what the Community Foundation Public Awareness Initiative is calling an "unprecedented response," community foundations across the United States have mobilized more than $1 billion to support nonprofits on the front lines of the COVID-19 pandemic. A study...

Clock is ticking on IRS relief for required minimum distributions

In the CARES Act, passed on March 27, 2020, Congress eliminated this year's required minimum distributions from IRAs, 401(k)s, and 457(b) and 403(b) plans. The end of March, however, was too late for people who had already taken their distributions for 2020....

Two charitable gift ideas made better by the SECURE Act

By Don Laubacher, CFP®, CPA, AEP®Senior Vice President, Family Wealth, Sequoia Financial Group The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on Dec. 20, 2019 (that seems like a long time ago!). One significant...

SHEro campaign raises more than 47K for COVID-19 Relief

This year, the Women's Endowment Fund raised more than $47,000 during its "Who Is Your SHEro?" campaign. In response to the COVID-19 pandemic, the campaign supported Akron Community Foundation's Community Response Fund for Nonprofits to rapidly provide...

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