What seems charitable may not always be deductible in the eyes of the IRS
What seems charitable may not always be deductible in the eyes of the IRS With such a wide range of options available for you and your family to support your favorite causes and your community, ranging from crowdfunding to online solicitations, how do you know whether (and why) your donations are eligible for funding out […]
Is the cost of event tickets tax deductible?
Is the cost of event tickets tax deductible? As charitable organizations emerge from pandemic restrictions, in-person fundraising events are beginning to rebound, especially athletic events that are held outside. This is a good time for a quick refresher course on the charitable deduction rules related to events, which can be tricky. As a general rule, […]
Summer legislative updates–and looking ahead to sunsets
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
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 […]
Thinking differently about scholarships can make all the difference
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 […]
Playbook: Helping clients organize their giving through a donor-advised fund
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 […]
Community Foundation Scholarship Application Window Open!
The Community Foundation of Harrisonburg & Rockingham County (TCFHR) is excited to offer a new online system for scholarship applications. Students may access the new system to determine eligibility to apply for 2022 scholarship awards. TCFHR provides a variety of scholarship opportunities for students seeking to receive financial assistance as they prepare for college or […]
Funding Addresses Local Needs
The Community Foundation of Harrisonburg and Rockingham County’s annual competitive Fall grant cycle came to a close on November 17 with excited Board approval. This cycle’s grants total $78,934 to 14 local nonprofit organizations. The monies distributed will go to H-R nonprofits addressing needs in: · Animal welfare (Still Meadows Enrichment Center & Camp, Cat’s […]
Giving Back on Giving Tuesday 2021
The Community Foundation of Harrisonburg and Rockingham County is encouraging our area residents to connect with and give directly to nonprofit agencies listed in Giving Back, TCFHR’s giving guide for the greater community, donor advisors, private foundations, civic groups, and giving circles. The community can learn more about nonprofit needs in TCFHR’s Giving Back, published […]
National Community Foundation Week Celebrates Local Philanthropy
The Community Foundation of Harrisonburg and Rockingham County will join in a nationwide celebration, November 12-18, 2021, to recognize the increasingly important role that community foundations play in strengthening localities. For more than a century, philanthropic institutions have served as a trusted partner and resource whose effect can be seen in the lives of […]
Alvin Baird Grant Opportunity for HR Nonprofits Serving Unmet Healthcare Needs
The Alvin V. Baird, Jr. Program Endowment Fund was established in 2005 to support the mission of The Free Clinic in Harrisonburg, Virginia. During its many years of serving this community, the clinic’s mission was to provide volunteer outpatient health services to the uninsured in a manner that promoted dignity, wholeness, and the coordination of […]
