Advising the charitable millionaire next door 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, that’s a […]
Philanthropy: A team sport At first glance, you may think of charitable giving as mostly an individual act. Certainly, most of the time, the actual money or asset that constitutes the charitable donation comes from a single person, couple, or entity. Beyond that, though, it likely makes sense to think of charitable giving as a […]
Philanthropy snapshot: A global priority with local impact Summertime can mean vacations, travel, a slower (or at least different) pace, and time to reflect. This year, our team is thinking quite a bit about the significant role of philanthropy across the world and how that widespread enthusiasm drives so much energy for charitable giving right […]
Six for the summer: Mid-year reminders about charitable giving Welcome to summer! We’ve put together six tips to keep in mind as you plan your charitable giving for the coming months, years, and even decades. As always, the team at The Community Foundation is happy to be a resource! Donate appreciated stock to your […]
Donor-advised fund do’s and don’ts A donor-advised fund is one of many types of funds you can establish at The Community Foundation. Field-of-interest funds, designated funds, unrestricted funds, and scholarship funds are also popular and can make a big difference in the community while also fulfilling your goals for tax and charitable planning. If you’ve […]
Celebrate variety: Many assets make great gifts to charity When your client is getting ready to make a contribution to a fund at The Community Foundation or other charity, remind them not to automatically reach for the checkbook! Here are other (and typically more tax-savvy) options to consider. Marketable securities Gifts of long-term appreciated stock […]
What’s bubbling up: Need-to-know updates on the proposed donor-advised fund regulations The Community Foundation is committed to providing timely updates on legal and policy developments to help you and other professionals who advise philanthropic clients stay on top of best practices in charitable planning. In that spirit, donor-advised funds and the rules governing these vehicles […]
In the business of giving If you’re a business owner, odds are you already give back to your community. Like many charitably-minded people, your business likely sponsors events, makes in-kind donations, and donates cash to favorite organizations. Many local business owners work with The Community Foundation to give back to the community where they built […]
Getting creative: Three ways to support education It’s graduation season, and that means education may be on your mind! The Community Foundation can help you make a difference in the lives of young people by funding education. Certainly establishing a scholarship fund at The Community Foundation is one way to accomplish this goal. But that’s […]
Charitable planning: Keep your advisors informed The team at The Community Foundation is honored to be your “go-to” resource for all components of your philanthropy. We enjoy talking regularly with individuals, families, and businesses about goals for charitable giving, tax strategies, ways to support favorite nonprofits, getting children and grandchildren involved in the community, leaving […]
Harrisonburg, VA – The Community Foundation of Harrisonburg and Rockingham County (TCFHR) is pleased to share with our local region that a newly formed partnership has been cemented between them and the Virginia Ready Initiative. Virginia Ready Initiative is a statewide nonprofit dedicated to convening credential-based learning opportunities to upskill Virginians for economic mobility. Virginia […]
Summer reading that’s worth a forward Every week, the team at The Community Foundation works with a wide range of charitably-minded individuals and families who are either already working with The Community Foundation or are considering establishing a donor-advised or other type of fund to organize their giving. We also talk with attorneys, accountants, and […]
