Using a QCD to Start a Fund

WE’RE HERE FOR YOUR CLIENTS 

AVAILABLE FOR VIRTUAL AND CDC-COMPLIANT IN-PERSON  MEETINGS 

The Community Foundation of Southern Indiana is here to serve as the philanthropic partner to you and your clients. Over the last several months we’ve continued our work, helping this community during a challenging time and assisting your clients with their charitable needs.  

We know that many people are continuing to think about their current and future charitable plans – we hear from them every day.    

If your clients are thinking about their charitable plans, need to make a Qualified Charitable Distribution from their IRA, or you have questions about how you can help them, please give me a call 812-948-4662.  

I’m available for virtual meetings at your convenience, and for in-person meetings in our office, by appointment, that follow the guidelines set by the State of Indiana for meetings that practice safe social distancing and other protocols. Let me know what works best for you and I can help you draft a charitable plans that accomplishes your client’s goals now, and forever. 

As always, we’re here to serve as a charitable partner for you and your clients. If you want to help your clients enjoy a $2 for $1 match, establish a donor advised or scholarship fund, want to help them support urgent needs or just have a few questions, please don’t hesitate to contact me at 812-948-4662 or lspeed@cfsouthernindiana.com.

Sincerely,
Linda S. Speed, J.D.
President and CEO


GIVING EASILY WITH A QCD 

ONLINE FORM FOR QUALIFIED CHARITABLE DISTRIBUTIONS

Qualified Charitable Distributions (QCD) are a simple and smart way to establish a fund at the Community Foundation of Southern Indiana. Not only does your client’s QCD not count towards their taxable income, but their new fund could help them support their favorite causes in a planned and impactful way. Their fund could start a scholarship, go towards the foundation’s Community Impact Fund and receive a $2 for $1 match, support their church or alma mater in perpetuity, or even organize their annual giving into one, easy fund that we call a “designated pass through fund”.     

By establishing a designated pass through fund at the Community Foundation of Southern Indiana, your clients can predetermine how much they want to give, the charities they want to give to, and when they want those grants to happen. From there, the Community Foundation creates a fund agreement and we handle the rest – ensuring your clients’ grants go out in the time-frame and amounts they have determined.    

To help make the process of starting a designated pass through fund at the Community Foundation even simpler (with little-to-no in-person contact during the COVID-19 pandemic), we have created a streamlined online form that you can complete with your clients. In a matter of a few minutes they can complete and submit their form and within 24 hours the Foundation will have a draft fund agreement for them to review. Once the fund agreement is signed and

final, all they need to do is direct the QCD to the Foundation and we handle the rest.   

We invite you to learn more and see the online form here, on our website.


TRIPLE YOUR CLIENTS’ GIFT  

$2 FOR $1 MATCH 

There are few things better than TRIPLING a charitable gift. But at the Community Foundation, we currently have a $2 for $1 match available for gifts to the Foundation’s unrestricted Community Impact Fund. Thanks to Lilly Endowment Inc., we are happy to provide this match for all qualifying contributions made to the Community Impact Fund between now and September 30, 2021, or as soon as the allocated matching funds are exhausted.

Supporting the unrestricted Community Impact Fund, and taking advantage of the match, is an excellent option for those who want to make a greater impact on our community, with less work. The Community Impact Fund is what we use to make grants to area nonprofits, which makes this the easiest and most flexible way to provide for the most pressing needs in our region, forever. Last year our grants to area nonprofits helped them address the needs of more than 61,000 people in our community.

If you have additional questions about how you can take advantage of the match, start an endowment fund, or support the Community Impact Fund, please contact Linda Speed  at 812-948-4662.

Or learn more on our website.


GIFT PLANNING TIPS

Valuable Resources for You and Your Clients

Charitable Opportunities With Low §7520 Rates 
The monthly applicable federal rate, also known as the §7520 rate, has been used to value the charitable interest in split-interest gifts since 1989 … more

Charitable Gift Annuity Recommended Rates Drop, Again 
For the second time this year, gift annuity rates recommended by the American Council on Gift Annuities have been lowered … more

Special Considerations For Testamentary Charitable Remainder Trusts 
A charitable remainder trust created in an estate plan can be an excellent way for clients to assist family members and charity, but there are some special considerations applicable to testamentary trusts … more

Other Testamentary Charitable Options 
Wills and living trusts are certainly the most widely known methods of leaving assets at death, but there are other ways to benefit loved ones and the charities clients have supported during their lifetimes … more 

Content courtesy of R&R Newkirk

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