Giving appreciated stock to charitable organizations is certainly a highly-effective tax strategy. During years when highly-appreciated stock is in short supply, however, implementing this strategy may be easier said than done.
Among the many client questions you and other attorneys, accountants, and financial advisors can be prepared to answer as year-end approaches is, “What is Giving Tuesday? And why the hashtag that often precedes it in print or online?”
Market declines and inflation have made 2022 a more challenging year for some clients to fulfill their traditional giving objectives or early-year gifting intentions. With annual inflation hovering at 8% (and no relief in sight) and liquidity perhaps less than ideal, cash may be hard … More →
On the Road to a Stronger Child Care System for Missouri • Finding Hope and Faith through Fire • Grant Announcements • Family Business Awards • THE BEAR MARKET • HURRICANE RELIEF • NONPROFIT SECTOR INSIGHTS
The nonprofit sector accounts for more than 12 million jobs in the United States, and job growth in the nonprofit sector in recent years has outpaced job growth in the private sector. As an advisor, you are more likely than ever to represent clients who hold executive positions at nonprofits, serve in key roles on nonprofit boards of directors, or do business with nonprofit organizations.
Sadly, your philanthropic clients have likely grown accustomed to making charitable donations to support disaster relief. Individual donations provide critical resources to help communities recover from the many disasters–weather, fire, humanitarian, disease, war–that occur each year.
Three messages worth sharing with your philanthropic clients as bear market conditions hang on into the fourth quarter.
Every October, the pink ribbons come out in full force in support of Breast Cancer Awareness Month. Yet, in the conversations during the month, one aspect of the disease is often overlooked.
This grant is an opportunity to engage and cultivate more parent leaders in our efforts to build a child care system that works better for all Missouri kids and families.
When Dog and Man Rescue Each Other • PreventEd • Support Families and School Communities • Think Big For Kids Grant Announcement • Grant opportunity for youth-focused NPOs • Business Gift Solution • Handy tools in a bear market • GivingTuesday • Avoiding valuation pitfalls
Endowment Fund: SLOCA Says ‘You Are Not Alone’ to Women with Ovarian Cancer • YEP Grant Recipient: CHADS Coalition for Mental Health • Student Leadership Opportunity• TBFK Grant Announcement • Happy Hour Tonight • Inherited IRAs • Highly-appreciated stock • Two key topics for client meetings • Cryptocurrency
September is nationally recognized as Ovarian Cancer Awareness Month. Yet it remains a very lonely disease, says Susan Robben, Executive Director of St. Louis Ovarian Cancer Awareness (SLOCA). “If you’re diagnosed with breast cancer, you often will find many others that have gone through it or that know someone who has. Ovarian cancer is unique and patients can feel very alone,” she says. The fact is ovarian cancer is one-tenth as common as breast cancer, but three times as lethal.
Inflation, interest rates, income tax, and the IRS are ever-present topics during discussions with your clients. Right now, there’s a lot to talk about, especially related to charitable giving. Let’s look at two examples of hot topics that may take a front seat in your client conversations this fall as you are helping your clients consider their options for structuring charitable giving and philanthropic legacies in the current economic environment.
During a routine check-in meeting, your client casually mentions that the client’s employer, a local company, was just acquired. The client and dozens of fellow employee shareholders are now flush with cash. “I’d like to use some of the money to give to charity,”…
Until the law changed a few years ago, a client who was named as the beneficiary of a parent’s IRA, for example, could count on a relatively straightforward and tax-savvy method of withdrawals called the “stretch IRA.” With the passage of the SECURE Act, that changed for many clients who inherited an IRA after December 31, 2019.
Most advisors exercise extra caution when advising clients about cryptocurrency. Indeed, 68% of investment fund executives surveyed do not believe it is a good idea for their clients to own cryptocurrency in the first place. Still, according to some sources, 43% of clients hold cryptocurrency in their portfolios.
Parkway Alumni Association • YouthBridge Continues Impact Investing • Nominate a Business • Happy Hour • Reminding clients about wills, trusts, and charitable bequests • Summer legislative updates • Farms, tax planning, and funding a family legacy
YouthBridge has made a second round of investment in Justine Petersen in the amount of $300,000, as part of our ongoing commitment to invest more of our endowment in projects that strengthen the St. Louis community.
PAA, entering its 30th year, has been doing its part to recognize the special impact of teachers and school staff through a number of grant and recognition programs. “The association was initially started because the school district wanted to do a better job of tracking alumni,” says Riutcel. “Over the last three decades, we’ve grown into so much more, fostering programs that acknowledge those who make a difference in our schools and that encourage educational opportunities for Parkway students.”