January 2024
Professional Advisor Newsletter
Happy New Year from Whidbey Community Foundation!

We appreciated the opportunity to work with so many of you at the end of 2023! Your work with philanthropic clients is inspiring. It is our team’s honor to serve as your behind-the-scenes partner to help execute your clients’ charitable giving plans in the most tax-savvy, community-minded way possible.

In this issue, we’re covering topics that are important to you and your clients as you kick off a new year.

As always, the team at the community foundation is just a phone call or an email away to help you and your clients build charitable plans for 2024 to support the charities that are keeping our community afloat. 

Thank you for the opportunity to work together.

– Whidbey Community Foundation
Big gifts, bullish portfolios, and kids who move away
If you’re not talking about charitable giving with your high net-worth clients, 2024 is the year to start doing it! Recent studies show that 85.1% of affluent households give to charity. Certainly many of your clients are among them. 

Take a few minutes this month to scan your client list for three common scenarios and related opportunities for charitable giving solutions.
Unrestricted giving, the trust factor, and why it matters to your clients
The gifts Americans give to charity every year provide critical support for more than a million organizations that are helping sustain the quality of life in our communities. Philanthropy equates to 2% of GDP–that’s a little more than the home health care services sector! And, trust is growing as a must-have prerequisite before your clients decide to give to an organization, increasing from 63.9% to 69.9% between December 2021 and December 2022.  
Tax law twists and turns: Five developments impacting charitable giving
2023 was a busy year! We understand that charitable giving topics may not always be at the top of your reading list. That’s why we're here! The team at the community foundation is committed to keeping you up-to-date on what you need to know. Here’s a recap of five key developments last year that are most certainly worth keeping an eye on in 2024.
This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice. 
Whidbey Community Foundation is a resource and sounding board as you serve your philanthropic clients. We understand the charitable side of the equation and are happy to serve as a secondary source as you manage the primary relationship with your clients. This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.  
Thank you for letting Whidbey Community Foundation assist in your charitable efforts!