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CHARITABLE GIVING VEHICLES: UNSUNG HEROES IN THE DEMISE OF THE “STRETCH” IRA
As many tax and estate planning attorneys are aware, the SECURE Act, passed in 2019 requires IRA beneficiaries to withdraw the entire balance of the account within 10 years of the death of the original IRA owner.
Update: Connecting Philanthropy and Community Need During Covid-19
The Community Foundation of Tampa Bay has mobilized its funding resources and its ability to connect the community during the COVID-19 crisis by establishing collaborative tools to match local nonprofits’ needs with philanthropists.
Connecting philanthropy with community’s needs during COVID-19
The Community Foundation of Tampa Bay has mobilized both its funding resources and its ability to connect to the community during the COVID-19 crisis by establishing collaborative tools to match local nonprofits’ needs with givers.
Community Action Stops Abuse (CASA), a St. Petersburg-based nonprofit working to end domestic violence, has received a $1 million gift to create the Virginia and David Baldwin Innovation and Growth Endowment, which provides long-term sustainability to the organization.
Donating non-cash gifts like privately held stock can be tax-advantageous for you, but the donation process requires planning and a carefully laid out timeline that simple gifts of cash do not.
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