Giving stock is an important strategy for any private business owner to explore. Not only can these gifts help implement a business succession plan that calls for transferring the business to the next generation if that is your client’s goal, but gifts of stock can also help your business owner client achieve charitable goals and avoid estate tax.
The team at YouthBridge Community Foundation of Greater St. Louis keeps a finger on the pulse of current events and legal developments that could impact the way you work with your charitable clients. Below are three notable items that you’ll likely want to keep in mind this fall.
This donor-advised fund provides scholarships to African-American high school seniors at St. Louis Public Schools who will be attending an accredited four year college or university.
Celebrating National Nonprofit Day – August 17 • Reminder: Gateway Children’s Charity Grant Application closes August 16 • Now Accepting Progress 64 Entrepreneurial Scholarship Applications • Counting pennies: How to counsel frugal yet charitable clients • Charitable giving helps parents pass wealth to children • … More →
Over the years, you’ve no doubt experienced a wide range of what clients perceive as “wealthy.” You’ve likely also observed that clients have different assumptions about what it takes to be a “philanthropist.” The interplay between a client’s perception of personal wealth and charitable giving capacity … More →
What does National Nonprofit Day mean to YouthBridge Community Foundation of Greater St. Louis? It could be called our birthday—and the birthday of every U.S. nonprofit organization! On August 17, 1894, the Tariff Act of 1894 was signed into law. This law provided exclusions from … More →
How much is too much? That’s a question many parents ask as they structure lifetime gifts and bequests to children in their financial and estate plans. Wealthy clients are sometimes concerned that leaving millions of dollars, or even hundreds of thousands, to their children could backfire and hinder their … More →
We’re hearing from more and more attorneys, accountants, and financial advisors that your clients are expressing interest in giving real estate to charity. This is wonderful news! You’re certainly aware that gifts of real estate to a fund at YouthBridge, just like gifts of other long-term capital … More →
A Bird’s Eye View of YouthBridge’s YEP STL! Program • Grant Application now closes August 16 • Now Accepting Scholarship Applications • Gifts of appreciated stock • Mixing business and charity: Keep it ethical, legal, and transparent • Planning for a sunset: Lock in a higher exemption, unlock a legacy
The YEP STL! (Youth Engaged in Philanthropy) program, developed by YouthBridge Community Foundation of Greater St. Louis, recently awarded grants for 2024. This program, begun in the fall of 2016, is led by high school students from across the region who apply for the opportunity … More →
You’re well aware that donating highly-appreciated stock to a fund at YouthBridge Community Foundation of Greater St. Louis offers significant advantages for your clients over making cash gifts. Communicating this benefit, however, can be challenging when clients have emotional attachments to their shares. How can … More →
Your clients who are corporate executives have likely wondered at some point about the benefits of aligning their companies with philanthropy, whether specific causes or particular organizations. In general, a community engagement strategy can be good for business, if well-executed. For example, almost half of … More →
Without legislation to prevent it, the sunsetting of current estate tax laws at the end of 2025 will dramatically reduce the federal estate tax exemption from $13.61 million per person in 2024 to approximately $7 million in 2026 (this includes adjustments for inflation). This change … More →
Barbara directs YouthBridge’s efforts to partner with donors in support of charities in the St. Louis region, especially those focused on children. She oversees a team dedicated to building the bridge between the philanthropic and nonprofit communities by providing exceptional giving experiences and impactful grants … More →
Allison manages all YouthBridge Community Foundation grant processes provided by unrestricted funds, donors and clients. She works to ensure an accurate, timely, efficient and transparent process for the entire grant cycle from proposal to closure. She brings strong organizational skills with a passion for customer … More →
Youth In Need, UCCC, and LUME Merger – True Synergy in Action • YouthBridge Welcomes Lori Shumake • YouthBridge’s 2023 Annual Report • Save the Date: Progress 64 Entrepreneurial Scholarship • Advising the charitable millionaire next door • Left behind? Why companies need philanthropy advice, too • Legal developments: We’re watching!
Synergy is defined as “the interaction or cooperation of two or more organizations or other agents to produce a combined effect greater than the sum of their separate effects.” YouthBridge Community Foundation of Greater St. Louis is built on this principle. Partners, fundholders, and grant … More →
At the end of 2024’s first quarter, an estimated 485,000 Americans could count themselves among the so-called “401(k) millionaires,” meaning the balance in their employer-sponsored retirement plans has reached the $1 million level. Thanks in part to stock market rallies during the first part of the year, … More →
It’s relatively straightforward to see how philanthropy figures into the financial and estate plans you build for individuals and families. After all, many of these clients are already supporting their favorite community causes, and it’s your job to make sure they know about all the … More →
As your go-to resource for charitable giving techniques, the YouthBridge Community Foundation team pays close attention to best practices in addressing the broad range of your clients’ charitable intentions to support both near-term and long-term community needs. This includes tracking legal developments that may impact … More →