International giving: Know your clients’ options

— Published 6/4/2021 Giving directly to international charities can involve a steep learning curve. Legal complexity no doubt was at play in the 2.2% (adjusted for inflation) decline in giving to international affairs in 2019, according to Giving USA. An example of one of the many legal issues with international giving is described in the […]

Read More >

Ice breakers: Three easy openers to talk about philanthropy

— Published 5/6/2021 Many advisors really want to bring up charitable giving in client meetings, especially while updates to tax and estate plans are underway. Indeed, many advisors believe they have a responsibility to raise the issue. But how?  Addressing charitable giving priorities with clients does not need to be hard. The key is to […]

Read More >

“If not 501(c), then what?”: Cautioning clients about crowdfunding

— Published 5/6/2021 What if your clients make donations to entities that don’t fall under a specific section of the Internal Revenue Code, but feel “charitable” nonetheless because the dollars are helping people in need? Perhaps a client has helped set up a dedicated account at a bank to provide scholarships to the children of […]

Read More >

“501(c) what?”: Sorting through jargon to determine deductibility

— Published 5/6/2021 When tax season rolls around each spring, a new crop of questions may arise concerning clients’ gifts to various organizations and whether those donations qualify as tax-deductible charitable contributions. Keep in mind that Section 501(c) of the Internal Revenue Code lays out the requirements for organizations to be considered tax-exempt–a status for […]

Read More >

Cox Charities 2021 Grant Cycle Opens: 5/3/21 to 5/28/21

— Published 5/3/2021 Apply online here Las Vegas, NV—Cox Communications, in partnership with its fiscal partner Nevada Community Foundation, is pleased to invite your nonprofit organization to apply for grants through Cox Charities. This is a special opportunity to receive funding for programs that support one or more of Cox Charities’ three philanthropic cornerstones: Education, […]

Read More >

April showers: Puddles to avoid as you navigate tax deadline extensions

— Published 4/9/2021 Your clients most certainly are aware that the Internal Revenue Service and the Treasury Department have extended the federal income tax filing and payment deadline for the 2020 tax year from April 15, 2021 to May 17, 2021. Be aware, however, that clients might overlook the fact that this extension applies only […]

Read More >

In sync on giving: Lawmakers from both parties support expansion of CARES Act deduction

— Published 4/9/2021 Four Republican Senators, four Republican Democrats, a House Democrat, and a House Republican have introduced legislation to expand the increased charitable deduction cap for non-itemizers to up to one-third of the standard deduction. The Universal Giving Pandemic Response and Recovery Act (S.618/H.R.1704) also extends this temporary $300 deduction, which was included in […]

Read More >

Giving together: Factors to consider when representing couples

— Published 4/9/2021 The Nevada Community Foundation can help as you work with a couple to design a charitable giving plan that will create rewarding philanthropic experiences for both partners. Indeed, in Giving as a Couple, Rockefeller Philanthropy Advisors reinforces the tenets we maintain as a team at the community foundation when we are working […]

Read More >