Blog

/Blog/

Meeting Needs in New Ways

While many of us have the luxury of “sheltering in place”, with food and necessities, some are not so fortunate. Below are some of the organizations in our community meeting emergency needs and ways that you can support the work they are doing. Caring Place: Food (via drive through delivery at Wildwood location), Sac Pac [...]

By | April 10th, 2020|Cleveland, Disaster Relief, Giving, News, Non-profits|Comments Off on Meeting Needs in New Ways

CARES ACT: TAX CHANGES

Expanded charitable contribution deductions For charitable contributions made in 2020, there is now available an unlimited charitable deduction for cash contributions to public charities, for taxpayers who itemize deductions (file Schedule A as part of their Form 1040). This means that for every dollar contributed, an income tax deduction will be allowed up to the [...]

By | April 8th, 2020|Cleveland, Funds, Giving, News, Tax benefits|Comments Off on CARES ACT: TAX CHANGES

The CARES Act offers relief for nonprofits during this unprecedented time

On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act. The $2 trillion CARES Act includes emergency relief for individuals, businesses, medical centers and nonprofits. There are some important time-sensitive implications for 501(c)(3) nonprofit organizations that we want to bring to your attention. You may want to act quickly [...]

By | April 4th, 2020|Cleveland, Disaster Relief, News, Non-profits|Comments Off on The CARES Act offers relief for nonprofits during this unprecedented time

Improve Your Impact Through Planned Giving

Planned giving is one of those things everyone thinks they know, but often do not. While there are several ways of defining planned giving using technical language, this simple description works in almost every situation: A planned gift is any gift that takes more than two minutes to make. Essentially, a planned gift is any [...]

By | March 2nd, 2020|Cleveland, Funds, Giving, News, Tax benefits|Comments Off on Improve Your Impact Through Planned Giving

The Secure Act and the QCD (qualified charitable distributions)

You can experience the joy of giving—by transferring some of your IRA funds directly to charity during your lifetime without first counting it as income and paying federal income tax on it. The “Setting Every Community Up for Retirement Enhancement” Act, aka the SECURE Act, was signed into law on December 20, 2019. The SECURE [...]

By | February 19th, 2020|Funds, Giving, News, Tax benefits|Comments Off on The Secure Act and the QCD (qualified charitable distributions)

The End of the Year is Near!

Even in the midst of the holiday rush, there’s still time to think about your 2019 tax strategy. Do you run the risk of paying taxes? Are you in need of tax deductions? The Community Foundation of Cleveland and Bradley County can help you navigate your charitable giving with some creative asset options. Your donations [...]

By | December 11th, 2019|Funds, Giving, Tax benefits|Comments Off on The End of the Year is Near!

Professional Advisor Seminar

The Community Foundation hosts an educational seminar each year specifically designed for professional advisors, which offers continuing education credits for CPAs and Attorneys. Each seminar presents timely issues and new developments in estate and financial planning that helps you help your clients. The 2019 Seminar is scheduled for November 12, 2019 at Lee University. Agenda: [...]

By | October 22nd, 2019|Cleveland, Events, Training|Comments Off on Professional Advisor Seminar

There’s Strength in Numbers…Literally!

By Susan Poole Ever wonder why people choose to give through an endowment fund at a community foundation? It’s all about continuity. Endowments are permanent funds where the principal is invested, while a portion of the fund is distributed annually to charitable causes. Individual gifts are preserved in perpetuity with the funds pooled for maximum [...]

By | October 10th, 2019|Cleveland, Funds, Giving, Scholarship, Uncategorized|Comments Off on There’s Strength in Numbers…Literally!

Movies in the Park – Christopher Robin

Movies in the Park! The Community Foundation’s Emerging Leaders Council is presenting the movie Christopher Robin on Saturday, September 7 at Greenway Park. In this heart warming movie the young boy who loved embarking on adventures in the Hundred Acre Wood with a band of spirited and loveable stuffed animals, has grown up and lost [...]

By | September 4th, 2019|Uncategorized|Comments Off on Movies in the Park – Christopher Robin

Golf Tournament to raise funds for MaKlain Lawson Spirit Scholarship

Attention all Golfers Round up your foursome and plan on attending The First Annual MAKLAIN LAWSON SPIRIT SCHOLARSHIP Golf Tournament August 29, 2019 12:30 Start Time Chatata Valley Golf Course 4179 Benton Pike NE, Cleveland, TN 37323 Four Person Teams-Select Shot Format $65.00 Individual Registration $250 Four Person Team Registration $50 Longest Drive and Closest [...]

By | August 23rd, 2019|Uncategorized|Comments Off on Golf Tournament to raise funds for MaKlain Lawson Spirit Scholarship