And just like that, the end of 2019 is upon us. As a professional advisor, you play a vital role in the lives of your clients and their families. But we understand there are a myriad of challenges that arise with your clients’ financial planning during this time of year -- and executing their charitable giving desires is no exception. It would be our privilege to support your efforts to maximize the philanthropic opportunities for you and your clients in the midst of these challenges.
The Community Foundation for Northern Virginia is here to help your clients meet their charitable year-end goals.
Below, we’ve compiled three quick and meaningful ways for your clients to receive a tax deduction, give to the causes they’re passionate about, and deeply invest in their local communities:
1. STARTING A DONOR ADVISED FUND/SCHOLARSHIP FUND: Your client’s tax-deductible gift can start a Donor Advised Fund or Scholarship Fund in their name. This is a great way to give up front and remain highly involved by suggesting grants from the fund on an ongoing basis. They can support the causes they care about in a highly personal manner.
2. RESPONDING TO CRITICAL NEED HERE AT HOME: With an in-depth knowledge of the landscape in Northern Virginia, our annual Community Investment Funds award grants to organizations meeting the critical needs of our community. Supporting CIF allows us to do the legwork in giving where it’s needed most!
3. IRA GIFT: An IRA distribution to the Community Foundation for Northern Virginia will not go toward your client’s taxable income for the year and qualifies for their Required Minimum Distribution. For more information, please refer to our IRA Charitable Giving FAQ here.
We’ve also created a 2019 Year-End Giving Guide, with dates and instructions to get your gifts in by the end of 2019.
Director of Donor Relations
Community Foundation for Northern Virginia
3 Year-End Charitable Tools for Professional Advisors
November 18, 2019