Year End Tax Ideas

As the end of 2019 approaches, it’s time to think about year-end giving. Here are a few ways donors can make an impact — and claim their tax breaks — by giving through the Community Foundation:

• Donors who are not yet prepared to designate a recipient can make a gift to their already established funds at the Community Foundation.

• Americans over the age of 70 1/2 can transfer up to $100,000 per year from a retirement account into a charitable fund to avoid paying federal income tax and future estate and income taxes. 

• Donors can create lasting change by setting up charitable bequests through the Foundation. They can choose to support any cause they are passionate about.






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