Stories: ACF Stories

If you or a family member has reached the age of 70 ½, you may have heard of a tax benefit known as the Qualified Charitable Distribution (QCD), which allows you to direct up to $108,000 annually from your IRA to a qualified charitable organization, like...

As you've watched the news about potential tax reform, a principle known as the "step-up in basis" might have caught your attention. Over the years, draft legislation has proposed that this principle be changed or eliminated. Although tax law changes to...

Economic turbulence, inflation concerns, and a general sense of financial instability have made 2025 very challenging for a lot of people. As you consider how to support your favorite charities this year, take a moment to evaluate which assets may be best...

At some point during your adult life, you've likely realized that it would be wise to put in place a will, trust, and powers of attorney, as well as undertake at least a basic level of financial planning to stay on track with retirement and other...

At first glance, you may think of charitable giving as mostly an individual act. Certainly, most of the time, the actual money or asset that constitutes the charitable donation comes from a single person, couple, or entity. However, the staff at Akron...

Tax time is a great reason to review the basics! At Akron Community Foundation, our goal is to help make the tax aspects of your charitable giving as easy and effective as possible. If you've already established a donor-advised or other type of fund at the...

If you've not yet involved your children or grandchildren in your charitable giving, this is the year to consider it! Children of all ages can benefit from learning about philanthropy and how charities improve the quality of life for everyone. Indeed, many...

Qualified Charitable Distributions, or "QCDs," are becoming a very popular financial and charitable planning tool. At the same time, QCDs are growing as the source of more and more confusion. Here are answers to the questions we've been asked most frequently...

If you've reached or are nearing retirement age, you may be evaluating how charitable giving fits into your life in a bigger way than it did during your working years. If you've found that you have more time, more money, or both, now that work and raising...

British illustrator Frederick Barnard once said, "A picture is worth a thousand words." That might be true, but not today, as you're reading what is likely my final Foundations message to the Greater Akron and Summit County community. I've known for many...