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.
July 2022
Caritas Fostering Loving Care for Every Child • YouthBridge Welcomes Tom Gatti to Board of Directors • Bunching, long-term appreciated assets, and helping younger clients • QCD eligibility, and public support • QCD enhancements
QCD enhancements: Steps forward and fingers crossed
In legislative news, a recent flurry of activity in the Senate has inched forward the legislation known as SECURE 2.0. Philanthropists and their advisors are watching this legislation closely because of the proposed inclusion of provisions that would adjust the annual $100,000 Qualified Charitable Distribution (“QCD”) cap for inflation and allow a one-time, $50,000 QCD to a charitable remainder trust or other split-interest gift.
Bunching, long-term appreciated assets, and the fruits of helping younger clients plan their charitable giving
Developing a thorough estate plan isn’t important only for Baby Boomers and Gen Xers. Millennials, who now make up nearly a quarter of the population in the United States, may prove to be more enthusiastic planners than their parents and grandparents, according to the 2022 … More →
YouthBridge edge: Personal knowledge, QCD eligibility, and public support
Advisors frequently comment that they’re surprised to discover the many ways YouthBridge Community Foundation can help their clients, especially compared with national donor-advised fund programs affiliated with brokerage houses or financial services firms.
YouthBridge Welcomes Tom Gatti to Board of Directors
“You can’t stay inside your own ‘zone’ if you’re going to learn and grow as a human being,” says Tom Gatti. It’s a principle that he and his wife have lived by and passed on to their now-adult children. Gatti, partner at Black Twig Marketing and Communications, is the newest addition to the YouthBridge Board of Directors.
Caritas Fostering Loving Care for Every Child
Caritas has the largest adoption and foster care programs in Southern Illinois, supporting nearly 2,400 foster children and their families in 2021, and is ranked one of the highest performing foster agencies in Illinois. It also operates the St. John Bosco Children’s Center, a home for children who are too traumatized to succeed in foster care.
YEP Grant Recipient: CHADS Coalition for Mental Health
When Marian and Larry McCord’s teenage son, Chad, took his life in 2004, they mourned his passing but also worried about the next family to experience “a living hell,” says Marian. “Actually, at first, I wanted to crawl into a hole and never come out, but eventually I realized that the things I’d learned through all of it had the potential to help someone else.”
June 2022
YEP! STL Recognized for Innovation in Philanthropy • First Capacity Building Grants Awarded • Endowment Training Series • Playbook: Helping clients organize their giving through a donor-advised fund • Finding the good, giving as a wealth strategy, and an open invitation
YEP! STL Recognized for Innovation in Philanthropy
The YEP (Youth Engaged in Philanthropy) STL!, a partnership between YouthBridge and First Bank, was recently recognized with an Innovation in Philanthropy award by the St. Louis Business Journal.
Playbook: Helping clients organize their giving through a donor-advised fund
A simple playbook to guide you through a client conversation to begin establishing a charitable giving plan using a donor-advised fund YouthBridge Community Foundation.
Finding the good, giving as a wealth strategy, and an open invitation
It can be hard to see the good in people as heartbreaking exceptions seem to dominate modern life, but it is worth remembering that philanthropy–”love of humanity”–is alive and well. A study at Stanford University indicates that a sense of community and calls to action help align people around common values.
Social consciousness: Today’s expectations of advisors
Especially over the last few years as social consciousness has increased, many of your clients have no doubt become more interested in how they can make a difference through their philanthropic activities, whether those activities include giving to favorite charities, volunteering, serving on boards of directors, purchasing products that support a cause, and respecting a sustainable environment.
Income timing: A NIMCRUT could hold the key
Clients who own closely-held businesses, real estate, or even cryptocurrency may be good candidates for a particular type of charitable remainder trust known as a NIMCRUT, which is short for “Net Income with Makeup Charitable Remainder Unitrust.”
QCDs: Good news and important reminders
Qualified Charitable Distributions, or “QCDs,” have been in the news a lot lately, especially in light of proposed SECURE Act 2.0 legislation that passed the House of Representatives in March and is now pending in the Senate.
April 2022
Crisis Nursery, Always There • Stray Rescue of St. Louis • Advisor Happy Hour • St. Louis Financial Planning Symposium • Cash crunch: Gifting non-income producing assets • A mixed bag: Budget legislation • Thumbs up: SECURE Act 2.0
YouthBridge Endowment Funds: Stray Rescue of St. Louis
“An endowment fund provides a reliable source of revenue in perpetuity, Barbara explained to me, and relieves the stress of short-term, sometimes unrealistic fundraising goals,” says Dearsley.
Crisis Nursery, Always There
“Supporting overwhelmed parents is a key intervention for preventing child abuse,” say Mueller. “The COVID crisis made an already challenging life ten times harder for many of our families, and I am so grateful to the angels – my staff, our volunteers and donors – that made it possible for us to continue to be there for them.”
Cash crunch: Gifting non-income producing assets
For clients who own property, stocks, and other assets that tend to go up in value in an inflationary environment, now may be a good time to take advantage of tax-savvy giving of highly-appreciated assets–especially stocks that pay low–or no–dividends and therefore are not critical to maintaining a client’s income levels.
A mixed bag: Budget legislation
A few of the tax proposals in play that could most significantly impact the way your clients plan for their charitable giving priorities.