WIP Holiday Party Wrap Up

Join us Wednesday, January 31 for our first Grants in Action trip of 2024. Please carpool with us to Beaufort for lunch at Wren followed by a tour of the Good Neighbor Medical Clinic.

Below is the schedule, with additional details to follow in the New Year.

10:30 - Car pool from HHI/Bluffton 

11:30 - Lunch at the WREN in Beaufort 

1:00 - Tour of the Medical Clinic  

It’s always exciting to welcome new members to WIP! If you have never attended an orientation we would love for you to join us on January 30. Contact Kaye Black at kblackhhi@gmail.com for location and time. WIP attracts women with interesting and diverse backgrounds and a genuine love for our community.



The Membership Committee is also planning informal gatherings in mid to late January to introduce WIP to your friends and neighbors. Please think about who you know that would make a good WIP member and send their name(s) and email to kblackhhi@gmail.com so we can help you invite them to one of these events.

As you prepare your charitable giving, we understand that there is much to consider. So we certainly hope that Women in Philanthropy continues to be on your list! 

The following are some giving options that take financial and tax implications into consideration. This is for informational purposes only and should not be considered professional advice or recommendations. Please discuss your giving options with your financial advisor, accountant, or estate planning professional.

Cash – This is the simplest form of charitable giving as your tax deduction is equal to the amount donated. This includes cash, check, or credit card. When using your credit card, please be aware that we incur a fee that reduces the amount we have available for operating expenses. We do not reduce the amount available for grants.

Long-Term Appreciated Securities – This is a tax-efficient way of giving 1) since you are not the one selling, there are not capital gains taxes and 2) if purchased over 12 months ago at lower than the current value, your tax deduction is equal to the fair market value at the time of the transfer.

Qualified Charitable Distributions (QCD) – An IRA distribution directly to a 501(c)(3) is not reported as taxable income, therefore, the donor pays no income tax on the full amount. Regular IRAs have Required Minimum Distributions (RMD) after age 72. Please check with a professional concerning dollar limits and your personal RMD for any given year.

Donor Advised Fund (DAF) – A DAF is a type of charitable giving where you 1) donate a non-refundable amount to a nonprofit organization e.g., Community Foundation of the Lowcountry, 2) receive an immediate tax benefit, 3) benefit from growth on a tax-free basis, and 4) use this fund to support IRS-qualified charities, e.g., Women in Philanthropy.

How does WIP cover its administrative costs? What percentage of WIP donations goes to administrative costs?

WIP is designated as a “field of interest” fund rather than a “donor advised fund.” As a field of interest fund, section 501(c)(3)s of the Internal Revenue Code permits WIP to award grants and cover its administrative costs out of contributed funds. WIP pays CFL 1.25% per year for administrative services and support. This fee is calculated and charged quarterly, based on the average daily balance of the fund each quarter.