If you own a private company, you might have a long list of things that keep you up at night. After you tick through budgets, employees, customers and competitors, is your exit strategy at the bottom of the list? If you’re not a late-night worrier, maybe you spend your nights dreaming of retirement, knowing that you’re working hard now to …
For those with highly appreciated assets and a desire to receive an income stream while mitigating taxes and supporting a charitable organization, a charitable remainder trust (CRT) might be the solution. A CRT is a “split-interest” giving arrangement, allowing philanthropically minded people to support their charitable goals, yet they or their beneficiaries receive income from the trust. Once the distributions …
Fundraising is not easy. To our friends in development roles at nonprofits in Kansas City and across the country, we see you and applaud the critical work you do to ensure charities have the resources to help make our world a better place. We understand that your priority is likely procuring donations for the current fiscal year. As you consider …
In a recent Forbes article, “Donor-Advised Funds and Charities: Partnering to Provide Lasting Support,” Greater Kansas City Community Foundation President and CEO Debbie Wilkerson highlights the benefits and potential of donor-advised funds in enhancing charitable giving. The piece addresses the growing importance of donor-advised funds in the philanthropic landscape, specifically their tax advantages, flexibility, and ability to simplify and streamline …
As we approach the end of the year, our team is ready to process your year-end grants to nonprofits and contributions to your charitable fund. All assets must be received by Dec. 31 to qualify for a 2022 tax deduction. Please keep the following dates in mind when contributing to your fund. Contact our team with questions – we’re here …
In another record-breaking year, Greater Kansas City Community Foundation donors sent more grants out the door from their charitable funds than ever before. Donor-advised funds continue to be our most popular type of charitable fund, providing donors the flexibility to set aside money in a charitable investment account for tax-free growth to maximize donations to nonprofit organizations. See more about …
Philanthropists and humanitarians around the globe are watching the unfolding crisis in Ukraine as a result of Russia’s invasion earlier this week. The Center for Disaster Philanthropy, the leading expert in helping donors maximize their impact in response to domestic and global disasters, has shared the following information: “Russian President Vladimir Putin’s assaults on multiple cities in Ukraine began overnight …
We’re helping our donors make the most of their giving as the holiday giving season approaches. Here are a few deadlines to keep in mind: Publicly traded securities can take up to two weeks to process. We suggest initiating the contribution by Dec. 13 and notifying us at investmentteam@growyourgiving.org. Assets must be received by Dec. 31. For wire …
In an unprecedented year, Greater Kansas City Community Foundation donors used their charitable funds to respond to a myriad of needs and causes in 2020. Our newly released 2020 annual report details how individuals, families and companies gave back when it mattered most. Donor-Advised Funds In April of 2020, donors granted 170% more dollars over April 2019 from donor-advised funds, …
A Message From Debbie Wilkerson, President & CEO Right now, many are feeling fear, sadness, helplessness, and perhaps shame, including myself. Our minds are filled with images: The brutal killings grounded in racism; the indignity of a wise black man in Central Park. This pain is deep and lasting. For me, the shame comes as I imagine every person of …
