Updates and Insights for Professional Advisors
The Community Foundation can help you serve your philanthropic clients by offering local options for charitable giving as well as helping your clients build legacies across generations. As a resource and sounding board for professional advisors, we provide updates on relevant pieces of legislation and charitable topics to help you help your clients.
All content is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.
For clients who may sell a business, the time to think charitably is right now
Category: Professional Advisor Updates Business owners who’ve enjoyed summertime’s more relaxed energy can deservedly daydream about the “extended vacation” that comes with selling the business! While it all sounds good, business brokers will tell you that many business owners fail to optimize—and they sometimes even compromise—the value of their business’s proceeds by rushing the process,…
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Keep your eye on clients’ appreciated stock–always
Category: Professional Advisor Updates Such a difference a year makes–maybe!? By August 2022, markets were down 12% for the year and inflation was up 8.3% year-over-year. Perhaps consequently, but then unknown, annual charitable giving was on its way to a rare (fourth time in 40 years) year-over year decline of some 4% according to Giving…
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Smart disaster giving can offer predictability to the unpredictable
Category: Professional Advisor Updates Sadly, rarely does a month go by without the news of another disaster or humanitarian tragedy. Most recently, the Maui fires and Hurricane Idalia are making the headlines–and also generating widespread charitable support. Locally, East Palestine and nearby communities are still recovering from the train derailment earlier this year. Indeed, many…
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Helping your clients get organized: Structure is a critical step in multi-generational philanthropy
Category: Professional Advisor Updates Instilling the idea of charitable giving in children and grandchildren at first blush may appear to be easy, but where to begin, and how to make it ongoing? More and more, wealth advisors are being asked by their clients to weigh in on strategies for fostering a family’s financial values, which…
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How “catch-up” contributions can boost clients’ giving
Category: Professional Advisor Updates At the Community Foundation, we regularly work with legal, financial, and tax advisors like you to help clients reach their charitable goals. As a professional who regularly works with charitable clients, you are no doubt well aware of the tremendous benefits to both clients and charities when a client names a…
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Bridging the gaps in multi-generational family philanthropy
Category: Professional Advisor Updates Differing views within families is nothing new. For generations, common topics of disagreement have included popular culture, politics, religion and parenting, just to name a few. Frequently outranking all is money—how it’s made, spent or saved—or not. How benevolent families share money, whether agreeably or disagreeably, is a topic all its…
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Gifts of cash or stock – is it a toss up?
Category: Professional Advisor Updates As your philanthropic clients can likely attest, the going has been rough for many of the nonprofit organizations they support. Turbulent economic conditions, concerns about inflation, and challenges in the banking sector are just a few of the factors that are causing donors to be more financially conservative and perhaps begin…
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