Tax laws up in the air, philanthropy personalities, and forward-worthy reading material
Hello from the community foundation!
In this issue, we’re covering topics that tend to be popular as we head into the second half of the year. The summer months are a great time to regroup with your family about your charitable giving plans and also ensure that you’re coordinating with your advisors to accomplish key estate and financial planning priorities before the year-end rush is upon us.
–Election years are interesting for many reasons! For philanthropists and their advisors, election years can be tricky because it’s impossible to predict what might happen with the tax laws. That’s certainly the case in 2024. The community foundation can help you and your advisors navigate various approaches to charitable strategies, even when the tax laws themselves are up in the air.
–Whether you’ve been involved in philanthropy for many years or you're just starting out on your charitable giving journey, you’ve likely noticed that there are many, many ways to support the causes you love. The community foundation can help you evaluate various giving vehicles based on your own “charitable giving personality type.”
–The team at the community foundation wants to help you help your advisors stay up-to-date on legal and tax developments that might impact the charitable giving components in your estate and financial plan. We’re happy to offer tips and reading material to share with your attorneys, accountants, and financial advisors, and our team is always available to join a discussion.
Whether you’ve already established a donor-advised or other type of fund at the community foundation, arranged for a bequest to the community foundation, or are currently evaluating whether to work with the community foundation, we are here for you! Please reach out anytime to review your charitable plans. We’re here to help you make a difference in our region and support local nonprofits that are working every day to improve the quality of life for so many people. Thank you for the opportunity to work together!
With gratitude,
Angie Tatro,
CKCF CEO
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