We're deeply grateful for the opportunity to collaborate with you and your clients to meet charitable goals and improve the quality of life for all in our communities. At the Community Foundation, we're dedicated to serving as your trusted partner, ensuring the seamless execution of your clients' charitable giving plans. With a focus on tax efficiency and community impact, our team is committed to supporting your mission and creating positive change.
In this edition, we take a closer look at a few non-cash and complex gift case studies with situations that may apply to clients you serve.
Sincerely,
Ryan Douglas
Senior Charitable Giving Advisor
|
Case Studies: Non-Cash and Complex Gifts
|
Business Interests (Privately-Held Shares)
John Jones spent his entire 40-plus year career working for a local, privately-held business in manufacturing. As a key stakeholder of the company (S-Corp), he acquired substantial ownership in company shares during his career. As John approached retirement, he and his professional advisor team discussed exit strategy options. Knowing that John was charitably inclined, John and his advisors worked with the Community Foundation to prepare a charitable plan that was in line with his upcoming retirement and that would also align with other planning goals.
By donating John’s S-Corp shares to the Community Foundation for the benefit of a donor advised fund, John was able to create a pool of charitable dollars to grant out to causes he cared about in his retirement years, while also avoiding the realization of substantial capital gains on his company shares. Additionally, this strategy helped offset some of the tax burden of cashing out the remainder of his company shares to provide assets for his retirement years.
*Donor name changed for privacy
|
Agricultural Gifts
Farming isn't a one-size-fits-all industry. Your client’s charitable giving strategy shouldn't be either. We accept a variety of agricultural assets and tools to help meet your clients' goals with assets already held. See the video below to learn about how Norm Verros utilized his farm equipment to support his community.
|
Private Foundation Conversion
Start-up costs, lack of privacy and limited tax deductibility related to private foundations often leads donors to establish a donor advised fund with the Community Foundation of Greater Des Moines. In addition to alleviating administrative details, we can educate your clients about our community’s most pressing needs and promising opportunities, introduce your clients to charitable and community leaders and help your clients create a legacy of giving. Jim O’Halloran decided to move his private foundation to the Community Foundation for those reasons exactly.
|
|
|
|
Jim turned to the Community Foundation, where he found the organization’s administrative excellence and giving expertise was a perfect fit for the future needs of the family’s foundation. By transferring the assets of the private foundation to a family foundation fund held at the Community Foundation, Jim’s family members are serving as fund advisors and focusing on developing their skills in charitable giving, rather than the administrative work of operating a private foundation.
|
|
|
To read more of Jim’s story click here. And to learn more about the comparison between funds at the Community Foundation and private foundations click here.
|
The Community Foundation can accept a variety of assets. After 50-plus years in business, we’ve seen all sorts of gifts come through our door. We encourage you to contact us if you have any questions regarding non-cash or complex gifts. We are here to help!
To learn more about non-cash gift options for your clients, visit our website or give us a call.
|
Community Foundation Unveils Strategic Framework and
2024 Annual Report |
The Community Foundation of Greater Des Moines held our Annual Celebration Luncheon at Community Choice Convention Center, which highlighted themes of Connection, Collaboration and Community. The event celebrated the successes of 2023 and provided an Annual Report to the community. Additionally, a new five-year Strategic Framework was launched with a focused vision on the future. You can read more about the event, Annual Report and Strategic Framework here.
|
|
|
For nearly 20 years, the Endow Iowa Tax Credit has been a valuable tool to maximize your clients’ support of Iowa causes they care about. As of the beginning of June, there is an estimated $3.15 million credits remaining in 2024.
|
On Board: The Basics of Being an Effective Board Member
Wednesday, June 26 | 11 a.m. - 1 p.m.
Zoom
Fee: $10
Serving as a board member is an incredible opportunity to lead within the nonprofit sector and put your passion for a charitable cause into practice. Along with an affinity for the mission, effective board members must possess a clear understanding of roles and responsibilities to keep your organization on track. This interactive session is designed to introduce participants to the roles of nonprofits and their boards and empower you to map out a meaningful plan for your terms.
|
Save the Date: Better Together Bash
Thursday, September 12 | 5 p.m.
Community Foundation Catalyst Circle Courtyard | 1915 Grand Avenue
Join us as we thank you for the many ways your generosity makes our community better together! Special recognition will be extended to our LifeTown Legacy® Society and Better Together Legacy Society members. RSVP information to come.
|
|
|
Whether serving as a local charitable giving resource or maximizing tax savings, our team works as part of your team to offer giving opportunities to meet clients’ financial and charitable goals. Whether in person or virtually, I am eager to connect and discuss how we can help meet and exceed your expectations, and come alongside you as a partner in serving your clients.
|
Ryan Douglas
Senior Charitable Giving Advisor
(515) 447-4211
|
|
|
Manage your preferences | Opt Out using TrueRemove™
Got this as a forward? Sign up to receive our future emails.
View this email online.
|
1915 Grand Avenue | Des Moines, IA 50309 US
|
|
|
This email was sent to .
To continue receiving our emails, add us to your address book.
|
| |
|
|
