Advisor

  • The CARES Act and Community: Three 2020 Upsides

    The CARES Act created important opportunities for your clients to increase their giving to charitable causes.

  • An eye toward year-end tax planning

    2020’s stock market has been a rollercoaster, but as you guide your clients into year-end, don’t forget the powerful benefits of giving appreciated securities to a donor-advised fund at the community foundation.

  • Corporate giving programs: Opportunity in the COVID era

    More than 80% of large company executives believe for-profit companies have a responsibility to play a role in resolving social issues

  • Elections and giving: Tips for advising your clients

    Individuals who are passionate about community causes are frequently also passionate advocates for candidates running for public office.

  • Weeding out taxpayers who abuse conservation tools

    As environmental consciousness continues to rise, so does the subject of conservation easements as a tax-savvy charitable giving tool.

  • IRS speaks out on cybersecurity

    According to the American Bar Association’s 2019 Legal Tech Report, 26% of law firms experienced some type of security breach in 2018.

  • Advising clients on starting a charity

    As 2020 marches on with little relief in sight from crises affecting our region, more and more attorneys, accountants, and financial advisors are fielding questions from well-intended clients who are exploring starting their own nonprofits to help people in need.

  • IRS ruling helps employers and employees help pandemic victims

    In Notice 2020-46, the IRS said compensation treatment will not be triggered when an employer makes cash payments to a charitable organization based on employees’ forgoing vacation, personal, or sick days.

  • Keep clients informed about stress on the social sector

    Peter Drucker once wrote “Only the social sector, that is, the nongovernmental, nonprofit organization, can create what we now need, communities for citizens.”

  • Investing for Community Impact

    YouthBridge Community Foundation has made the first investments of our 25×25 Impact Investing Initiative, which we expect to total $5-6 million over the next five years.

  • Galas look different, but the tax rules are still sticky

    For many charities that rely on events to achieve annual fundraising goals, the cancellation of 2020’s Met Gala (which raised an estimated $15 million in 2019) came as a blow, signaling that live galas and auctions might not be back anytime soon.

  • Surprising IRS relief for required minimum distributions

    In the CARES Act, passed on March 27, 2020, Congress eliminated this year’s Required Minimum Distributions from IRAs, 401(k)s, and 457(b) and 403(b) plans.

  • Important reminders: QCDs and CLATs

    Our recent communications have highlighted the unique importance of Qualified Charitable Distributions (QCDs) and Charitable Lead Annuity Trusts (CLATs) in today’s market conditions. Given the critical needs facing our community right now, YouthBridge wants to reiterate the value of these two planning tools.

  • Donor-advised funds: Working hard for our community

    Donor-advised funds are a popular charitable giving tool. This is a good time to consider a DAF for your clients.

  • Covid-19: A new tipping point for disaster philanthropy?

    The community foundation provides context and education for your philanthropic clients at all levels of giving and across the full range of charitable interests. The global Covid-19 pandemic in many ways has likely united your clients and other donors in a collective effort to support people in the communities they love.

  • What’s in the CARES Act for philanthropy?

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) unlocks $2 trillion in funds for American individuals and businesses impacted by COVID-19. Here’s what the Act includes to help stimulate charitable giving…

  • Four tips for advisors (to address COVID-19)

    There is certainly (and understandably) no shortage of news about COVID-19. We’ve compiled a few of our top tips to help streamline your information-gathering efforts as you assist your clients with charitable priorities…

  • Watch out for compliance pitfalls as clients favor gifts of hard-to-value assets

    If volatile market conditions persist, gifts of hard-to-value assets may become popular substitutes for appreciated stock gifts.

  • Charitable planning is a must prior to sale of a business

    Before your business-owner client starts putting out feelers to potential acquirers, be sure to counsel your client about the benefits of contributing an ownership interest to a charitable organization, especially to a flexible donor-advised fund at the community foundation.

  • So long, stretch IRA

    Among the changes enacted by the SECURE Act, which became law on December 20, 2019, is a provision eliminating the so-called stretch IRA.