July 24, 2024

Summer reading that's worth a forward

Every week, our team works with a wide range of charitably-minded individuals and families who are either already working with PdNCF or are considering establishing a donor-advised or other type of fund to organize their giving. We also talk with attorneys, accountants, and financial advisors as they work alongside charitably-minded clients. Indeed, many advisors are telling us they’re taking advantage of summer’s slower pace to jump on 2024 tax planning and estate plan updates.

As you work with your advisors over the next few months, be sure to let them know that the Psao del Norte Community Foundation can serve as the hub of your family’s philanthropy by administering a wide range of charitable giving vehicles including: 

–Field-of-interest funds and designated funds, which enable you to support specific causes and organizations and, if you are 70 ½ or older, can receive a tax-savvy “Qualified Charitable Distribution” from your IRA

–Bequests and other legacy gifts to help ensure that the causes you’ve supported during your lifetime can continue to benefit from your generosity for years to come

–Unrestricted gifts to support the community foundation’s work to grow philanthropy and improve the quality of life in our region across generations, especially as community needs evolve

Along these lines, some of you have requested that we provide a reading list to pass along to your advisors to help them stay up-to-date on legal and tax issues impacting charitable giving. Here are a few suggestions you could forward to your advisors (or simply forward this email):