In an economic and legislative environment full of unpredictability, we encourage you to tap the knowledgeable team at the Foundation–perhaps even more than you have in the past.
- You promised yourself in 2024 that you’ll never again get caught in a year-end crunch.
The last few months of the year are always hectic with holiday activities. When you layer on the added stress of tax planning and completing the charitable giving plans you set back in January, you might tip the scales from hectic to chaos! The Wayne County Foundation can help organize your year-end charitable giving early so that it achieves both your financial and your philanthropic goals.
- You’re concerned about recent drops in funding to local charities, but you’re not quite sure about what you can do to help.
The community foundation is our region’s home for charitable giving. That means we’ve got a finger on the pulse of our community’s needs and the nonprofits that are addressing them. We keep a listing of the many nonprofit organizations in Wayne County on our website. Our team can provide information about programs and share ideas and recommendations for how you can help fill the gaps.
- Your tax advisor has suggested that 2025 is an important year to increase your charitable donations, but you don’t want your gifts to favorite charities to suddenly spike and then drop again.
For the small percentage of people who itemize deductions on their individual income tax returns, 2025 may indeed present opportunities. The Wayne County Foundation is happy to work with you and your tax advisors to structure gifts to a donor-advised or other type of fund at the Foundation to ensure that you’re leveraging tax advantages while also maintaining consistent support year after year for the causes you care about.
- You’re thinking about selling commercial property or private business interests and you’ve heard that charitable gifts can be an effective component of the transaction if structured correctly.
Many people do not realize until it’s too late that they can give real estate or closely-held stock to a fund at the Foundation and achieve significant tax benefits while also setting aside charitable dollars to make a positive difference in the community. Before you and your advisors put any pen to paper on the disposition of real estate or private business interests, please reach out!
- You’re updating your estate plan and want to leave money to charity, but you’re not exactly sure what charity.
Please call us! If you are updating your estate plan or related financial documents, such as beneficiary designations on IRAs, life insurance policies, or retirement accounts our team is happy to work with your advisors make sure you’re exploring the tax benefits of using various types of assets to fund your charitable intentions.