Earlier this summer, Giving USA released its annual report on giving trends in the United States, highlighting data from 2023. While we’re in the thick of 2024, it may be hard to recall notable moments from 2023. Last year, many entered the year gearing up for a recession. As it turns out, the economy performed better than anticipated, but inflation …
What does a charitable legacy mean to you? When using a charitable giving vehicle like a donor-advised fund or private foundation, you may be thinking about the future of your philanthropy, the impact you will make and what legacy you want to leave for those who come after you. This could raise some questions in your mind: Do I want …
The Greater Kansas City Community Foundation aims to provide donors with a great giving experience. A critical piece of that experience includes the ability to invest and grow charitable assets via donor-advised funds. From time to time, there are rumblings of legislation or regulations impacting donor-advised funds. We always have our ear to the ground in D.C. Right now, we …
Often when we consider charitable giving, we first think of giving cash or stock. Yet, for many philanthropists, the bulk of their wealth lies in other types of assets, like investments in real estate or private businesses. Sometimes, grassroots or smaller charities aren’t equipped to receive gifts of appreciated assets. This is where donor-advised funds can shine, allowing philanthropists to …
A rapidly growing alternative to traditional monetary and banking systems, cryptocurrency is now finding its place in the philanthropic world. Foundations and other nonprofits are implementing new solutions to be able to accept and leverage cryptocurrency donations. The Greater Kansas City Community Foundation is part of this movement, able to help cryptocurrency donors achieve their philanthropic goals in a flexible …
Estate planning attorneys have a number of resources available to help clients achieve their charitable goals after they’ve passed. Among the tools available, a donor-advised fund with a documented grantmaking plan is an excellent option for clients to forge a lasting legacy of generosity that extends to future generations. We can help your clients extend their charitable goals beyond their …
From major life transitions to the small moments in between, financial advisors can be there for every step along the way. Many clients lean on financial advisors to seek guidance in growing their wealth for personal life experiences, but also to use it to better the world around them. Among the different types of charitable investment accounts available, donor-advised funds …
The Black Community Fund (BCF) is Kansas City’s largest institutional funder wholly dedicated to serving the Black community. Since its founding in 1983, BCF has invested more than $4 million in organizations addressing critical community needs within the Black community. Additionally, BCF is committed to expanding educational access for Black students. In 2023, BCF awarded $176,000 in scholarships to 40 …
While donor-advised funds have been around since the 1930s, they have recently become the fastest-growing charitable vehicle in the United States, and the Donor Advised Fund Research Collaborative (DAFRC) is at the forefront of leading efforts to study them. The DAFRC aims to help improve best practices and broaden the understanding of how donor-advised funds work in the charitable giving landscape. The …
The Kansas City community is grieving after a beautiful day of celebration came to a violent end outside of Union Station. In response to this heartbreaking tragedy, United Way of Greater Kansas City and the Kansas City Chiefs have launched our community’s emergency response fund. Donations will support: Victims and their families Violence prevention and recovery organizations, including mental health …
