Your fund at the McPherson County Community Foundation (MCCF) can be an ideal recipient of estate gifts through a will or trust, or through a beneficiary designation on a qualified retirement plan or life insurance policy. Bequests of qualified retirement plans can be extremely tax-efficient. This...
As you contemplate your legacy and adjust your estate plan over the years, it's natural to focus on your children and family as the primary beneficiaries in your will and trust. If you’re like an increasing number of charitably-minded individuals, though, you might find that...
Many community-minded individuals have served on the boards of directors of charitable organizations in our region. If you’ve served on a charity’s board (or several!), you are no doubt familiar with the concept of an endowment. Many charities establish endowment funds and reserve funds at...
A few newsletters ago, we shared that our team is closely tracking the IRS’s proposed regulations concerning donor-advised funds, issued in November 2023. Certainly these regulations are just “proposed”; it is unclear whether and to what extent they will become final. If you routinely read financial publications, you...
At the McPherson County Community Foundation, we are honored to work with generous individuals and families like so many of you who’ve established funds to support the causes you care about and the needs of our community both now and in the future. We’re also...
Just as each person has a unique estate plan and financial plan to meet their particular situation and goals, most needs a unique charitable giving plan. For example, for some, giving shares of highly-appreciated stock consistently every year to their fund at the foundation makes...
Tax time has its silver linings! Going over a tax return helps start a productive conversation about ways to plan your gifts to charity more effectively. As you scan 2023’s charitable contributions, Think about whether those charitable gifts were made with cash or with other...
Developing a practice of regular contributions to your donor-advised fund at the McPherson County Community Foundation (MCCF) not only allows you to systematically build a philanthropic nest egg for your annual giving to favorite charities, but also paves the way for your future legacy bequests....
Our team is closely tracking the IRS’s proposed regulations concerning donor-advised funds, issued in November 2023. Note that these regulations are just “proposed”; it is unclear whether and to what extent they will become final. The public comment period was recently extended, and the community foundation field...
Many donors and fund holders at the McPherson County Community Foundation (MCCF) have updated their estate plans to leave a bequest to their donor-advised or other type of fund. Some bequests take the form of a “specific bequest,” which means that the fund at MCCF receives...