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Inherited IRAs: Big headache, or big opportunity?
Don’t be surprised if your clients are walking into your office in a state of bewilderment over something they’ve read recently about the IRS’s distribution rules for inherited IRAs.
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Highly-appreciated stock: If your client missed the ideal window, it’s still not too late to support charity
During a routine check-in meeting, your client casually mentions that the client’s employer, a local company, was just acquired.
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Cryptocurrency: What if your clients own it and you don’t think they should?
Most advisors exercise extra caution when advising clients about cryptocurrency.
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Extending Our Fundholder Match in this Time of Need
The Nonprofit Needs List continues to grow and evolve.
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New Lower Fees = Maximum Charitable Impact
Our significant growth in assets this past year has enabled our Board of Trustees to lower our annual fees for donor advised funds and family or business foundations.
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Summer legislative updates–and looking ahead to sunsets
On August 16, 2022, President Biden signed into law the Inflation Reduction Act.
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Back to basics: Reminding clients about wills, trusts, and charitable bequests
August is national Make a Will Month, and the publicity surrounding this designation may prompt your clients to ask you about whether their affairs are in good order.
Read MoreSeasoned Attorney and Planned Giving Specialist Joins Community Foundation Tampa Bay Team
Community Foundation Tampa Bay is pleased to welcome Laurie Valentine, JD to the team.
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Closely-Held Business Interests: High Impact Giving
Over the past two years, the Community Foundation Tampa Bay has helped local businesses gift over $26 Million in closely-held business interest to charity.
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Year-end giving: Repeat, repeat, repeat
It’s the season for email newsletters hitting your inbox with tips for tax planning.
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Relax a little (maybe?): What’s off the table, what’s still in play, and what your charitable clients need to know now about tax reform
Late last month, the White House released a proposed $1.75 trillion revenue package, putting to rest (at least for now) some of the uncertainty as to how sweeping tax reform could upend wealth planning strategies via changes to top marginal rates, a restructuring of the capital gains tax, and lower estate and gift tax exclusions, all of which have been heavily discussed and debated over the last several weeks. For now, those particular big changes appear to have been dropped.
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Reminders for Impactful End-of-Year Giving
Whether you want to make short-term plans or are considering a long-term strategy, our team can share knowledge about our local nonprofits and the needs in our community.
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Gift Annuities and Trusts – Leveraging These Tools to Help with IRS Changes
Community Foundation Tampa Bay invites you to participate in an educational session on how professional advisors are using charitable gift annuities and trusts to help their clients navigate the IRS regulation changes.
Read MoreProposed legislation: What’s in it for charitable giving?
The nonpartisan Joint Committee on Taxation’s report issued just a few days ago is already creating a buzz among attorneys, accountants, and financial advisors who provide charitable planning advice to their clients.
Read MoreHelp Your Clients With End Of Year Charitable Giving Tips
The Community Foundation Tampa Bay can accept contributions of complex assets such as stock, business interests, real estate, privately owned assets, or even cryptocurrency.
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Planned giving starts now: Tips and talking points for lifetime charitable gifts
According to 2020 statistics released in June 2021 as part of the Giving USA report, Americans’ bequests to charity totaled nearly $42 billion last year.
Read MoreCase study: How to spot a prime CRT opportunity
Imagine that a client sits down at your conference room table and begins the meeting something like this:
Read MoreAn eye on the law: Recent updates and rulings
The team at the community foundation stays on top of tax cases, IRS rulings, and legislation
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Gifting Privately Held Business Interests to Public Charities: A Win-Win for Clients and the Community
For the right client, a charitable gift of long-term, privately held business interests (“Private Stock”) to an organization classified as a public charity[1] can be a “win-win” solution.
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IRAs, field-of-interest funds, and designated funds: Don’t overlook these powerful tools
Designated funds and field-of-interest funds may not always be top of mind when you are developing philanthropy plans for your clients and their families, but they are extremely valuable tools in certain circumstances and it’s important to be aware of what the terms mean.
Read MoreGifting Privately Held Business Interests to Public Charities: A Win-Win for Clients and the Community
For the right client, a charitable gift of long-term, privately held business interests (“Private Stock”) to an organization classified as a public charity[1] can be a “win-win” solution.
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Lawmakers support expansion of CARES Act deduction
Four Republican Senators, four Democratic Senators, 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.
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April showers: Puddles to avoid as you navigate tax deadline extensions
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
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Tax tips: Qualified appraisals and 2020 tax changes, and holiday parties (not)
Three of our favorite tax tips for March:
Read MoreQuick and Easy Year-End Giving Options for Your Clients
A Donor Advised Fund (DAF) is a charitable giving option that allows your clients to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time.
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Contributing noncash assets to a charitable fund can be a beneficial philanthropic solution for your clients at the end of the year
The Community Foundation of Tampa Bay can accept contributions of complex assets such as: stock, business interests, real estate, privately owned assets, or even cryptocurrency.
Read MoreContinue managing your clients’ assets while they support their favorite charities
If charitable giving is on your client’s radar, consider having a conversation about establishing a donor advised fund or another type of charitable giving fund through the Community Foundation of Tampa Bay.
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