Our reading selections
Giving is down, but the total amount–nearly $500 billion—is still impressive, NIL collectives: DOA?, and Even more reasons to talk about philanthropy with your clients
Advising clients about AI’s impact on charitable giving
News about the capabilities of artificial intelligence has skyrocketed over the last few months. As attorneys, accountants, and financial advisors, no doubt you are watching these developments closely, both because of the potential legal issues involved and also because of the ways AI can enhance your work.
St. Francis Community Services Emphasizes Reading with YEP Grant
St. Francis Community Services (SFCS), a ministry of Catholic Charities of St. Louis, received a YouthBridge YEP STL! grant the first time they applied. YEP STL!
June 2023
Saint Louis Story Stitchers • Cultural Leadership • YouthBridge distributes 500 suitcases to Children’s nonprofits • YouthBridge welcomes new Board members Elizabeth Houlihan and Tom Goldberg • New Grant Partnership • Summer topics worth watching • Bridging the gaps in multi-generational family philanthropy • Gifts of cash or stock: Is it a toss up?
Keep your eye on clients’ appreciated stock–always
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 USA. Certainly this decline was due in part to donors not wanting to give stock at depressed values. You likely even discussed this with your clients!
Summer topics worth watching
Proposed legislation known as the Charitable Act appears to be gaining momentum. The bill calls for making available a “below the line” deduction to taxpayers who do not itemize on their tax return.
Bridging the gaps in multi-generational family philanthropy
Differing views within families is nothing new; differing views about nearly anything and everything is centuries old. For generations and 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.
YouthBridge distributes 500 suitcases to Children’s nonprofits
YouthBridge received over 500 beautiful children’s suitcases from Herschel Supply Co. to distribute to nonprofits in the community.
YEP STL! Grant Recipient, Cultural Leadership
This spirit of unity and the voices of young people 60 years ago that echo today in the work of Cultural Leadership, a nonprofit dedicated to creating a more just community by training area youth to be the next generation of civil rights leaders. The organization is a 2023 recipient of a YouthBridge YEP STL! grant.
Partnership or Merger
YouthBridge Community Foundation of Greater St. Louis has developed this grant program to assist nonprofits who are looking to, or have already found, ways to partner or merge with other nonprofits.
Gifts of cash or stock: Is it a toss up?
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 to evaluate whether to keep their charitable giving at the levels of years past.
Annual Report 2022
Partnering for Greater IMPACT, our 2022Annual Report, is now available to view online or download as a PDF.
Endowment Partner: Christian Family Services
CFS has found strength in its endowment fund and relationship with YouthBridge, says Mitchell. Established in 2019, the fund is helping to drive some important initiatives and “we see it as an opportunity for our services to continue on for another 50 years,” she says.
May 2023
Endowment Fundholders Christian Family Services • YEP STL! Grantee Special Education Foundation • YouthBridge Annual Report 2022 • 2023 YEP STL! Grants Awarded • Estate Planning Council Annual Golf Outing and Dinner • Retirement plans to charity: Understanding the “trifecta” of tax benefits • Should clients worry about … More →
Here’s what we’re reading
As you talk with your clients about charitable giving, are you leading with tax benefits? Deferring philanthropy topics until November and December? Not looking at the big picture?
Tax scrutiny: Should clients worry about the IRS’s bigger budget?
A major portion of the $80 billion scheduled to be invested in Internal Revenue Service upgrades is earmarked to “increase tax compliance among wealthy taxpayers and businesses,” according to the IRS’s plan.
Give
We are building a new online giving page. Please contact us for assistance.
Retirement plans to charity: Understanding the “trifecta” of tax benefits
Over the last few months, many advisors have noticed an uptick in client inquiries about leaving their IRAs and other retirement plans to charity. If you’re wondering why, it likely has a lot to do with the buzz about Qualified Charitable Distributions…
April 2023
earthday365 • STL Youth Jobs Bridging the Workforce Divide • Capacity Building • Investing for Impact • Beyond the standard deduction • Tax tips to keep you on your toes • Turmoil in banking and technology
Tax tips to keep you on your toes
Charitable deductions and the vehicles that generate them continue to land on the IRS’s radar.