Introducing The Philanthropic Advisor

IN THIS ISSUE:

2020 Trends in Planned Giving, CARES Act provisions, and more!

Fall 2020

Greetings!

On behalf of the Community Foundation for a greater Richmond, welcome to the first issue of The Philanthropic Advisor.

As professional advisors, you play a critical role in helping your clients realize their philanthropic goals. This quarterly newsletter will provide you with content that is both engaging and timely, whether it be about the issues facing the Richmond region, the charitable tools in your toolbox, or relevant examples of how advisors and donors are working together to make a difference through impactful philanthropy.

Please enjoy the first issue of The Philanthropic Advisor. We sincerely appreciate your partnership and welcome your questions and feedback as we work together to support our community.

All the best,

Brandon Butterworth

Senior Philanthropic Advisor

2020 Trends in Planned Giving

Since the onset of COVID-19, many people are experiencing a renewed sense of urgency around the importance of estate planning. “While the pandemic has not motivated all clients to update their estate plans, it has prompted people who suddenly feel more vulnerable to get their affairs in order,” said Helen Kemp, Partner at Virginia Estate & Trust Law. “Putting a will and trust in place, or executing a power of attorney and advance medical directive, gives people a bit of control over part of their lives and their beneficiaries’ futures.”

CARES Act expands charitable deductions in 2020

The CARES Act, enacted as a stimulus response to the pandemic, includes charitable provisions that are set to expire at the end of the year. We have prepared an FAQ to help you plan well for year-end giving.

Keep clients informed about stress on the social sector

One of the most important ways you can help your clients support the charities they care about is to do everything you can to keep clients informed about the increasing challenges faced by the social sector.

Important resources for you and your clients

As year-end quickly approaches, here are two points that may be useful to clients with charitable intent:

Stock Transfer Instructions - For clients considering a charitable gift to a fund at the Community Foundation, transfer instructions are readily available on the Foundation’s website here.

Local Needs & Giving Opportunities - Stay abreast of critical needs within the community by visiting the Foundation’s page on Giving Together . Here you will find a current list of collaborative funding initiatives in our community – timely information that could be of value to you as you advise clients.

Upcoming events

Civic Life Today: A Plan to Action

October 22, 4:00 - 5:30 pm

Want to get involved in the community, but don't know where to start? This free, virtual workshop is a choose-your-own-adventure experience, designed to help participants create a personalized plan to community action.

>> Register Now

The Impact of COVID on Estate Planning, Philanthropy and Tax Planning — and How the Community Foundation Can Help

November 12, 4:00 - 5:30 pm

Join us in learning how the COVID-19 pandemic has affected estate planning, tax planning and charitable giving. We will explore the charitable components of the CARES Act, tax-savvy year-end giving strategies and how the Community Foundation can be of assistance with both.

>> Email Brandon Butterworth to RSVP

Connect with us

Customized Presentations Available

If you would like to learn more about how the Community Foundation can support you in service to your clients, or if you would like to schedule a customized presentation to your firm, please contact Brandon Butterworth.

Sharing Insights, Building Networks

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Community Foundation Professional Advisor Council