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Energy incentive extends to nonprofit organizations Nonprofits and other exempt entities are often left out of discussions when new tax incentives are proposed in Congress, primarily because these organizations don’t pay tax. Fortunately, nonprofits are not left out of a recently enhanced tax provision known as the 179D deduction, which…

As you begin to ask your clients to pull together their receipts and other documents for 2022 tax filings, this may be a good time to take proactive steps to avoid being in this same spot next year. When it comes to charitable giving, your clients may find that organizing…

Applications for GCF’s Charter Advisor in Philanthropy (CAP®) Study Group are now open! Scroll to the bottom of this article to apply or learn more. Have you noticed far more articles in your newsfeed about philanthropy as a planning tool for your clients than it did just a few years…

  Whether you call it “The Great Resignation” or “The Great Rehiring” or avoid referring to it at all, everyone can agree that companies are having a tough time recruiting, hiring, and retaining talent in today’s job market. The Bureau of Labor Statistics reported in October 2022[1] that the number…

January is a good time to start helping your clients plan for their annual giving. With the year-end flurry of donations still fresh in many clients’ minds, you may discover that clients will welcome your suggestion to make 2023 the year to get organized early, particularly as economic headwinds make…

Charitable gift annuities (CGAs) are becoming more attractive to philanthropists, making this planned giving vehicle a good fit for your clients who like the idea of an up-front tax deduction, a steady lifetime income stream and a remainder gift to charity. Now is a good time to consider talking with…

Congress passed the much-anticipated, $1.65 trillion-dollar omnibus spending bill known as the Consolidated Appropriations Act of 2023 (“CAA”) on December 23, 2022, followed by President Biden signing the Act into law on December 29, 2022. At more than 4,000 pages, the Act includes a wide range of provisions that impact…

Dear Friend of GCF, As I approach the end of my tenure at GCF, this year-end letter invites an opportunity to reflect back on where I started. When I came to GCF seven and a half years ago, I saw the opportunity for GCF to be a platform — one…

Now is the time to share important reminders with your clients about year-end gifts. Time is indeed of the essence! Gifts of appreciated stock still shine Giving in a roller coaster market may continue to be a real concern for many of your philanthropic clients, but remember, not all stocks…

Qualified Charitable Distributions, or “QCDs,” are becoming a very popular financial and charitable planning tool. At the same time, QCDs are growing as the source of more and more confusion. Here are answers to the questions we’ve been asked most frequently this year by both advisors and donors. Be on…

As if advisors didn’t have enough financial acronyms to explain to their clients—DAF, RMD, IPO and ETF come to mind—along comes NFT. Even under the shadow of recent turmoil in the cryptocurrency marketplace, “non-fungible tokens,” or “NFTs,” are still creating quite a buzz.  The IRS has not directly addressed the…

We maximize the impact of your generosity As a trusted partner, Greater Cincinnati Foundation (GCF) inspires generous people to invest in a more equitable and vibrant Greater Cincinnati for all, now and for generations to come. At GCF, we connect people with purpose because the greatest changes happen when people…

Each month, we reflect on a GCF value with our staff and spend some time thinking about how we intentionally put it into practice. This month, I was asked to share my reflections on the value of growth. Growth: We are always a work in progress. Growth is so important…