Professional advisors: Help your clients considering philanthropic giving before year-end

With the season of giving and gratitude upon us, your clients may be considering making a charitable contribution before the end of the year.

As a professional advisor, you are a trusted partner to your clients and are likely aware of the types of assets that make optimal philanthropic gifts. That may not always be true for your clients, who may underestimate the range of assets they can use to support charitable causes.

We hope to provide you with helpful information to aid in conversations with your client on the types of gifts that are optimal for charitable giving and how a fund with the North Carolina Community Foundation can help your clients achieve their philanthropic goals.

Here is a simple gift guide to aid in client conversations:

  • Cash: For itemizers, dollars are deductible up to 60% of adjusted gross income and excess deductions can be carried over and deducted in five future tax years.
  • Highly-appreciated stocks and other investments: Publicly-traded stocks and bonds are tax-effective gifts to charitable organizations, especially when capital gains tax can be avoided.
  • IRA Qualified Charitable Distribution: A donor age 70½ and older may direct his or her annual QCD (maximum of $100,000) to a qualified charitable organization. While a QCD may not be given to a donor advised fund, your client could use their QCD to support other funds or start a designated fund, which would provide annual support to their favorite nonprofit organizations, religious institution, or alma mater.
  • Bundling: Clients who want to maximize their charitable deductions under the new tax laws can benefit from making two or more years’ worth of charitable contributions in a single year. This helps push taxpayers over the itemizing threshold, where they can reap the benefit of deducting the full value of their donations. Your client may consider using a bundled gift to start (or add to) a donor advised fund, which would enable them to direct annual grants to their favorite charitable organizations annually. The minimum required to start an endowed donor advised fund at NCCF is $25,000, which would push a married couple over the threshold for itemization.

The North Carolina Community Foundation offers a variety of philanthropic funds to meet your clients' philanthropic goals:

  • Donor advised fund: Our most popular giving vehicle, a DAF allows donors to make ongoing, annual philanthropic goals to their favorite nonprofit organizations through a simple gift to NCCF. Donors can receive an immediate tax deduction for the full gift and can take time and utilize NCCF's philanthropic expertise to decide how it will benefit the community. A DAF is a more cost-effective, tax advantageous, less burdensome vehicle for streamlined charitable giving than a private foundation. Minimum gift: $25,000
  • Scholarship fund: An opportunity to create pathways for success, a scholarship can support the educational pursuits of students in every area of study and level of education. Minimum gift: $40,000
  • Designated fund: Establish continued, annual support to one or more nonprofit organizations with a guarantee that NCCF staff will manage distributions from the fund according to terms established by the donor. Minimum gift: $25,000
  • Field of interest fund: Give to specific causes or community needs (such as the environment, education, health or the arts) and utilize the ongoing guidance and expertise of NCCF staff. Minimum gift: $25,000

As your client considers options for philanthropy, we hope you’ll share what makes the North Carolina Community Foundation different:

  • We’re the only statewide community foundation serving North Carolina, with support for every community in the state and a deep commitment to our rural, underfunded communities.
  • Local dollars stay local. Supporting your community foundation means not only supporting your local nonprofit causes but your local community and economy.
  • Our statewide board of directors, entire team of staff and all advisory board members live, work and lead in North Carolina.

We’re committed to North Carolina and the communities that make our state great.

Please feel free to contact our team with any questions. We’re here to help.

Kathryn Roebuck Holding, J.D.
Director of Development
Email
(919) 256-6932
To begin and for donors in central North Carolina
Beth Boney Jenkins
Regional Director of Development, East
Email
(910) 782-2895
For donors in eastern North Carolina
Megan Lynch Ellis
Regional Director of Development, West
Email
(828) 355-4306
For donors in western counties
Mary Morgan, J.D.
Philanthropy Counsel
Email
(919) 256-6909
For attorneys
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That may not always be true for your clients, who may underestimate the range of assets they can use to support charitable causes.<\/p>\r\n<p>We hope to provide you with helpful information to aid in conversations with your client on the <strong>types of gifts<\/strong> that are optimal for charitable giving and how a fund with the North Carolina Community Foundation <strong>can help your clients achieve their philanthropic goals<\/strong>.<\/p>\r\n<p>Here is a simple <strong>gift guide<\/strong> to aid in client conversations:<\/p>\r\n<ul>\r\n<li><strong>Cash<\/strong>: For itemizers, dollars are deductible up to 60% of adjusted gross income and excess deductions can be carried over and deducted in five future tax years.<\/li>\r\n<li><strong>Highly-appreciated stocks and other investments:<\/strong> Publicly-traded stocks and bonds are tax-effective gifts to charitable organizations, especially when capital gains tax can be avoided.<\/li>\r\n<li><strong>IRA Qualified Charitable Distribution<\/strong>: A donor age 70&frac12; and older may direct his or her annual QCD (maximum of $100,000) to a qualified charitable organization. While a QCD may <span style=\"text-decoration: underline;\">not<\/span> be given to a donor advised fund, your client could use their QCD to support other funds or start a <em><strong>designated fund<\/strong><\/em>, which would provide annual support to their favorite nonprofit organizations, religious institution, or alma mater.<\/li>\r\n<li><strong>Bundling<\/strong>: Clients who want to maximize their charitable deductions under the new tax laws can benefit from making two or more years&rsquo; worth of charitable contributions in a single year. This helps push taxpayers over the itemizing threshold, where they can reap the benefit of deducting the full value of their donations. Your client may consider using a bundled gift to start (or add to) a <strong>donor advised fund<\/strong>, which would enable them to direct annual grants to their favorite charitable organizations annually. The minimum required to start an endowed donor advised fund at NCCF is $25,000, which would push a married couple over the threshold for itemization.<\/li>\r\n<\/ul>\r\n<p>The North Carolina Community Foundation offers a variety of philanthropic funds to meet your clients' philanthropic goals:<\/p>\r\n<ul>\r\n<li><strong><a href=\"\/create-a-fund\/types-of-funds\/what-is-a-donor-advised-fund\">Donor advised fund<\/a><\/strong>: Our most popular giving vehicle, a DAF allows donors to make ongoing, annual philanthropic goals to their favorite nonprofit organizations through a simple gift to NCCF. Donors can receive an immediate tax deduction for the full gift and can take time and utilize NCCF's philanthropic expertise to decide how it will benefit the community. A DAF is a more cost-effective, tax advantageous, less burdensome vehicle for streamlined charitable giving than a private foundation. Minimum gift: $25,000<\/li>\r\n<li><strong><a href=\"\/create-a-fund\/types-of-funds\/scholarship-funds\">Scholarship fund<\/a><\/strong>: An opportunity to create pathways for success, a scholarship can support the educational pursuits of students in every area of study and level of education. Minimum gift: $40,000<\/li>\r\n<li><strong><a href=\"\/create-a-fund\/types-of-funds\/designated-funds\">Designated fund<\/a><\/strong>: Establish continued, annual support to one or more nonprofit organizations with a guarantee that NCCF staff will manage distributions from the fund according to terms established by the donor. Minimum gift: $25,000<\/li>\r\n<li><strong><a href=\"\/create-a-fund\/types-of-funds\/field-of-interest-funds\">Field of interest fund<\/a><\/strong>: Give to specific causes or community needs (such as the environment, education, health or the arts) and utilize the ongoing guidance and expertise of NCCF staff. Minimum gift: $25,000<\/li>\r\n<\/ul>\r\n<p>As your client considers options for philanthropy, we hope you&rsquo;ll share <strong>what makes the North Carolina Community Foundation different<\/strong>:<\/p>\r\n<ul>\r\n<li>We&rsquo;re the only statewide community foundation serving North Carolina, with support for every community in the state and a deep commitment to our rural, underfunded communities.<\/li>\r\n<li>Local dollars stay local. Supporting your community foundation means not only supporting your local nonprofit causes but your local community and economy.<\/li>\r\n<li>Our statewide board of directors, entire team of staff and all advisory board members live, work and lead in North Carolina.<\/li>\r\n<\/ul>\r\n<p>We&rsquo;re committed to North Carolina and the communities that make our state great.<\/p>\r\n<p>Please feel free to contact our team with any questions. We&rsquo;re here to help.<\/p>","excerpt":"","media":0,"custom":{"masthead":{"title":"","counties":"","affiliate_logo":"","sub_text":"","background_image":"","caption":""},"latest_blog":{"post":""},"blocks":{"blocks":[{"fieldset":"8d2e0895df77444baf2690fb407972d5","fieldset_slug":"_button_block","button1_text":"Learn more about year-end giving","button1_link":"https:\/\/www.nccommunityfoundation.org\/season-of-giving","button2_text":"","button2_link":"","button3_text":"","button3_link":""},{"fieldset":"458683df409c4ac9a3f9d1389daa0ac4","fieldset_slug":"_contacts","contact_1_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Kathryn-Roebuck-Holding.jpg","contact_1_name":"Kathryn Roebuck Holding, J.D.","contact_1_title":"Director of Development","contact_1_email":"kholding@nccommunityfoundation.org","contact_1_phone":"(919) 256-6932","contact_1_blurb":"To begin and for donors in central North Carolina","contact_2_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Beth-Boney-Jenkins.jpg","contact_2_name":"Beth Boney Jenkins","contact_2_title":"Regional Director of Development, East","contact_2_email":"bjenkins@nccommunityfoundation.org","contact_2_phone":"(910) 782-2895","contact_2_blurb":"For donors in eastern North Carolina","contact_3_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Megan-Lynch-Ellis.jpg","contact_3_name":"Megan Lynch Ellis","contact_3_title":"Regional Director of Development, West","contact_3_email":"mellis@nccommunityfoundation.org","contact_3_phone":"(828) 355-4306","contact_3_blurb":"For donors in western counties","contact_4_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Mary-Morgan.jpg","contact_4_name":"Mary Morgan, J.D.","contact_4_title":"Philanthropy Counsel","contact_4_email":"mmorgan@nccommunityfoundation.org","contact_4_phone":"(919) 256-6909","contact_4_blurb":"For attorneys"}]}},"inMenu":false,"visibleTo":"Everyone","publishedAt":1574027269,"orderChildrenBy":"ordinal","enableComments":false,"permission":"read","id":"7e62f51b39b4420a900877bc87d80e84","parent":"c842588788c847a3bb44770fc921492c","node":66089,"created":1574027269,"modified":1574543489,"fresh":1,"type":"page","children":{},"relations":{}}