Summer legislative updates–and looking ahead to sunsets Reconciliation legislation is back in play, and includes a few tax provisions (e.g., adding a corporate minimum tax and eliminating the carried interest tax break). Notably, though, the proposal includes $80 billion in budget increases for the Internal Revenue Service, which will help shore up the IRS’s expertise […]
Generational giving through retirement plans, life insurance, and meaningful bequests August is national Make a Will Month. You’ve likely already worked with your advisors to establish an estate plan, including a will and even a trust. Still, this is a good time of year to review your plan in case things have changed. As you […]
According to statistics gathered by the National Scholarship Providers Association, approximately $100 million in scholarship money is left sitting on the sidelines each year, unused. Even though the number of scholarships awarded in the United States has increased overall by more than 45% over the last decade, not enough students are applying. These are sobering […]
Picture this: Your clients will arrive in 15 minutes. You’re reviewing the file. Everything is in order. The estate planning documents are up to date, you’re ready to share the latest investment results, and you are prepared to debrief the 2021 tax season and make tax planning recommendations for the remainder of this year. It […]
The Community Foundation of Harrisonburg and Rockingham County (TCFHR) is pleased to share a new partnership with the Virginia Ready Initiative, a statewide nonprofit dedicated to convening credential-based learning opportunities to upskill Virginians for economic mobility. Their sunset operations plan for 2024 details an investment of their remaining $1.33 million+ funds into other Virginia nonprofits, […]
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 […]
