Changes in Giving for the 2020 Tax Year Only To spur giving during this time, the CARES Act created some incentives for giving in 2020. There is no limit on the amount donors can contribute if you itemize your taxes. Previously, you could donate up to 60% of your Adjusted Gross Income (AGI). Under this
As COVID-19 upends every aspect of our life, the service of nonprofits has never been needed more. The passing of the CARES Act has given your nonprofit opportunities to sustain your mission during these unprecedented times. CARES Act – Loan Opportunities Paycheck Protection Program This program provides nonprofits with funds to pay up to eight
How to donate wisely Tips for Choosing a Charity Giving to charity is very fulfilling. Though, you need to make sure you are giving to reputable charities. Donor transparency is shaping how donors like you are giving. It is essential to know that your gifts are used correctly. Raising awareness about charity fraud is a
Learning about IRA Gifts After years of deliberate saving and investing, your Individual Retirement Account (IRA) has grown. It may even exceed your need for daily living expenses and create a tax burden. How can you reduce the burden and do something special with the annual Required Minimum Distribution (RMD)? Give it to charity. The
Nonprofits of nearly any size can start an Organization Fund at the Community Foundation of Shelby County and there is no time like right now to establish one. Why should an organization set up a fund? Financial Stability Facing the ups and downs of the economy can create uncertainty for charities. Just like our personal
2019-2020 Scholarship Season has started! Are you a high school, college, or adult student looking for financial assistance for your education? Thanks to our generous donors, the Community Foundation oversees more than 70 scholarship funds that provide around 190 scholarship opportunities to help talented and passionate students attain their dreams. This year we added a
We are pleased to announce that Match Day 2019 was a success because of You! All 16 organization met their match and are ready to do some good with the proceeds. Below is the list of the final totals for all 16 organizations. GRAND TOTAL - $377,791.12 Alpha Community Center - $41,051.79 Big Brothers Big
MATCH DAY 2019 Double YOUR Impact! The Community Foundation is again sponsoring Match Day on Giving Tuesday, December 3rd, to celebrate our 67 years of community philanthropy. Last year this event raised $280,603.76 for our local community. This year on Match Day, sixteen 501(c)(3) organizations who have organization funds at the Community Foundation will be
New-Skills Scholarship Program We are expanding our current scholarship program to tailor to individuals pursuing the “other four-year degree.” Not every student that advances into higher education signs up for a four-year curriculum. Some high school graduates and post-graduates seek job training that lasts a year or two and then places them into the workforce.
What I have discovered by working for the Community Foundation What I have discovered is that this job is far from what most would consider tedious. I get asked all the time how I went from a care flight nurse to a Donor Relations Director for the Community Foundation. Well, to make a long story
