'Tis The Season To Be Giving - American Press

credit: Flickr

It's that time of year again: the time for holiday giving.

And if you're not sure how to get in the holiday giving spirit, the Community Foundation Southwest Louisiana has some suggestions:bunching gifts: If you and your partner give $10,000 to your favorite charity each year, you can bunch up that amount for the next two years and still end up with $30,000 if you have the cash, says John Hixson, a certified financial planner.

"This can drive up the itemized deduction significantly, reducing the adjusted gross income and lowering the tax burden."

Appreciated property: You can donate stocks, bonds, and mutual funds that have been held for at least a year to a charity without paying capital gains tax.

If you're 70 or older, your retirement account minimum distribution can go directly to a charity to reduce the year's adjusted gross income or prevent a move into a higher tax bracket.

Open a donor-advised fund: The Community Foundation connects people who care with causes that matter, and its donor-advised funds are open to people with $10,000 or more to donate.

You can see more details at the foundation's website.

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Arkansas A-Plus Empowers Teachers With Creative, Arts-Integrated Classroom Strategies

Arkansas A+ provides hands-on professional development for teachers.Workshops offer creative strategies for enhancing classroom instruction.Arkansas A+ partners with pre-K-12 schools and educational...more

Study: Nonprofits Must Embrace Radical Transformation to Overcome 2025 Challenges

72% admit it takes between two and seven days to pull together operational or financial data.40% have only a partial or limited view of data at best for forward-looking decisions.45% say the top...more

US Aggregates Launches Program

"Sustainability champions" include Colten Swanson in Portland, Autumn Remley in Ridgeville and Zach Hayden in Linn Grove.Grant Source has opened for business in Berne, Indiana.Mercer Health has added...more

How Trump Administration Cuts Are Impacting Nonprofit Events

A third of U.S.nonprofits get more than half of their funding from government grants.Government cancellation of travel and meetings can have a cascading effect on other organizations.Make increasing...more

Uchicago News Highlights

Wendy Freedman, the John and Marion Sullivan University Professor in Astronomy and Astrophysics and the College, received the National Medal of Science.She also led the initiative to build the Giant...more

Press Release: The Community Foundation of Singapore Ushers in A New Era of Philanthropy

Press Release: The Community Foundation of Singapore Ushers in a New Era of Philanthropy.Community Foundation Of Singapore marks a new chapter with the launch of a refreshed brand identity, a renewed...more

The Community Foundation of Singapore Ushers in A New Era of Philanthropy

The Community Foundation of Singapore (CFS) has appointed Mr Paul Tan as Chief Executive Officer, effective 1 April 2025.Outgoing CEO Ms Catherine Loh steps down after 13 years of dedicated...more

Philanthropy Update: Facing Challenges Together

Employees can organize giving campaigns or drives, such as collecting diapers, nonperishable food, or personal hygiene products.Employers can also set up a payroll system allowing employees to have...more

Banking Executive Wins Tocqueville Society's 'Distinguished Citizen' Honors For 2025

Debra Vasilopoulos was surprised with the 2025 Town of Palm Beach United Way Distinguished Citizen Award.The award is the highest honor given by the organization and recognizes individuals who embody...more

Uofl's Knowledge Enterprise Celebrated At 2025 Research and Innovation Awards

UofL's knowledge enterprise celebrated at 2025 Research and Innovation Awards.The honorees, including eight signature award recipients, were recognized for their work advancing research, innovation...more