Your clients certainly have no shortage of options for their philanthropic dollars. Many clients use their Donor Advised Funds, for example, at the Omaha Community Foundation to support favorite organizations across the country, including their alma maters, nonprofits from their hometown, or in communities where their grown children are living.
Many clients, though, are also committed to the local community where they’re living now, where they’ve raised their children, and where they’ve built a business. That’s why it’s helpful to remind clients that they can reach out to our team at the Omaha Community Foundation when they want to make sure their dollars are making the biggest impact possible, right here in the Omaha Metro and Southwest Iowa.
The Omaha Community Foundation, through its wide variety of fund types available to your clients (including legacy funds to support the community long into the future), can help your clients achieve their goals for local support in areas like:
- Disaster recovery
- Supporting families in need
- Educational support
- Environmental sustainability
- Increasing equity in underserved groups
An unrestricted fund may be a good fit for clients who want to improve the community, for generations to come, whatever challenges we may face at any given point in time. An unrestricted fund may be particularly compelling for your clients who are 70½ or older.
These clients may be eligible to make annual distributions up to $105,000 per spouse from their IRAs directly to an unrestricted fund at the Omaha Community Foundation. This transfer is called a “Qualified Charitable Distribution,” or “QCD.” Not only do QCD transfers count toward satisfying Required Minimum Distributions, but your client also avoids the income tax on those funds. Furthermore, those assets are no longer part of the client’s estate upon death, so the client can avoid estate taxes, too.
Please reach out for more information on how your clients can support both current and future local needs, and also meet their own financial, tax, and generational legacy goals.