Bunching, IRA Rollover Gifts May Allow Donors to Maintain Charitable Giving Levels Despite the New Tax Climate
With the passage of the Tax Cuts and Jobs Act (“TCJA”) in December of 2017, many are speculating about the impact the law will have on charitable giving. Because the standard deduction was nearly doubled, $12,000 for individuals and $24,000 for married couples, the Tax Policy Center projects that only 11 percent of households will continue to itemize their tax deductions, down from 26 percent of households under the prior law. Read More.
Investing in Opportunity Youth with Pamela Ross
In this month’s staff blog, Pamela Ross, community investment officer, emphasizes the importance of organizations that engage “opportunity youth,” young adults, ages 16-24, who are out of school, not enlisted and not working. It is a moral imperative, says Ross, to invest in this demographic in order to create a more inclusive economy and build the dreams of all youth.Read More.
CICF Partners with Forty Under 40 to Award $40,000
Honorees selected for Indianapolis Business Journal’s Forty Under 40 are known for being powerful leaders in their profession, community and now, as a result of their partnership with Central Indiana Community Foundation (CICF), they can add philanthropist to their resume. Two not-for-profit organizations received $20,000 grants from the 2018 class of IBJ’s Forty Under 40: GroundWork Indy and ProAct.Read More.
Legacy Fund Awards $123,000 to Not-For-Profit Organizations Serving Hamilton County
The board of directors for Legacy Fund, the Central Indiana Community Foundation affiliate serving Hamilton County, awarded $123,000 in grants to nine effective not-for-profit organizations serving residents throughout the county this week.Read More.