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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.
The Community Foundation of Tampa Bay quickly mobilized during the COVID-19 pandemic and provided $4.5 million in philanthropic support to nonprofits through its own funding resources and the generosity of local philanthropists, corporations and foundations over the past year.
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.
TALK READ SING Tampa Bay is a community awareness campaign led by Champions for Children that educates Tampa Bay residents, especially parents, about the importance of talking, reading and singing beginning at birth to build brain architecture and increase language development.
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.
A lot has changed since 1953, when PARC was founded, but one thing has remained the same and that is PARC’s mission, to provide opportunities for children & adults with developmental disabilities to exercise their independence and experience life to the fullest.
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.
Hillsborough County families received much-needed access to mental health care through a grant to Seniors in Service from the Community Foundation of Tampa Bay and Hillsborough County.
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.
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