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Tax time has its silver linings! Going over a tax return with a client helps start a productive conversation about ways to plan gifts to charity more effectively.
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Lincoln Community Foundation offers charitable giving vehicles to meet a wide range of clients’ needs. In many cases, a single client can benefit from setting up multiple funds of different types.
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Recently, donor advised funds have been the subject of conversation within financial and estate planning circles, as well as a trending topic in philanthropy, related to a set of proposed regulations issued by the IRS late last year. The IRS has scheduled public hearings on the proposed regulations, set for May 6, 2024.
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Rosalind Carr wants you to know that an ordinary family can make an impact. “You don’t have to have inherited wealth,” she said. “You can live a frugal life and have enough money to do something like this.”
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A year ago, we received an email from a teacher at Lincoln Public Schools. She was referred to Lincoln Littles by a colleague trying to help her stay employed. You see, she was a single mother with three children in childcare. She loved her job and wanted to stay but was considering resigning to qualify for state subsidy. She simply couldn’t afford the cost of childcare.
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