Giving

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How to Give Strategically

The Tax Cut & Jobs Act of 2018 (Tax Reform) almost doubles the size of the standard deduction from $6,350 to $12,000 for single taxpayers. For couples filing jointly the standard deduction increases from $12,700 to $24,000. This will reduce the number of taxpayers who will itemize their deductions—including charitable gifts. Tax reform may provide [...]

By | November 26th, 2018|Cleveland, Funds, Giving, Tax benefits|Comments Off on How to Give Strategically

Community Foundation Announces Two Recipients of the Ocoee Foundation Scholarship

Walker Valley’s, Brandon Akiona and Bradley’s Julia Sandryka have each been awarded the Ocoee Foundation Scholarship for 2018. The $8000 scholarship provides $2000 per academic year for a possible total of four years based on satisfactory progress toward a degree. Margaret Sheehan, Ocoee Foundation Board member, presented the scholarship to each student at their respective [...]

By | May 31st, 2018|Cleveland, Funds, Giving, Scholarship|Comments Off on Community Foundation Announces Two Recipients of the Ocoee Foundation Scholarship

Community Foundation Announces Recipient of the Ashlyn Lamberth Scholarship

Sydney and Anthony Anthony Lamberth presented the 2018 Ashlyn Taylor Lamberth Memorial Scholarship to Sydney Brown at Bradley High School’s Senior Awards Night held on May 14. The $1000 award recognizes Sydney’s academic achievement, school involvement and community service commitment. While at Bradley, Sydney has participated in FCA, Bachelorettes, Vocal Motion and Student Council. Additionally, [...]

By | May 31st, 2018|Funds, Giving, Scholarship|Comments Off on Community Foundation Announces Recipient of the Ashlyn Lamberth Scholarship

Time for a ‘Paycheck Checkup’

In IR-2018-120, the Internal Revenue Service urged taxpayers to use the Withholding Calculator on www.IRS.gov for a "Paycheck Checkup" to make sure they have the right amount of tax taken out of their paychecks for their personal situation. The passage of the Tax Cuts and Jobs Act (TCJA), brought many changes that will affect taxpayers. [...]

By | May 31st, 2018|Giving, News, Tax benefits|Comments Off on Time for a ‘Paycheck Checkup’

The Unity Center is a busy place!

The Unity Center Endowment Fund provides an ongoing stream of revenue to help ensure a strong future for the Unity Center as the organization continues its mission to build hope and opportunity by promoting educational, social and spiritual growth for all. Enrichment, community building, responsibility, life skills....add to that some fun, laughter and music and [...]

By | April 5th, 2018|Cleveland, Funds, Giving, News|Comments Off on The Unity Center is a busy place!

Saving Your Company’s Productivity: How to Respond to the Opioid Crisis

The Bridge, a fund of the Community Foundation, recently partnered with the Cleveland/Bradley Chamber of Commerce to host a workshop for local business/industry leaders titled Saving Your Company’s Productivity: How to Respond to the Opioid Crisis. Topics covered included, “Awareness and Scope of Opioid Epidemic in Bradley County,” presented by Mr. Scott Elam and Mr. [...]

By | April 5th, 2018|Cleveland, Funds, Giving, News, Training|Comments Off on Saving Your Company’s Productivity: How to Respond to the Opioid Crisis

The New Tax Law: Donor Strategy – Bundling your Gifts

At the Community Foundation, we strive to build partnerships with our donors and provide the latest in philanthropic news and tax law changes. There is concern that the large increase in the new Standard Deduction could possibly remove the advantage of deducting charitable contributions. Here’s why: if your total deductions don’t exceed the new larger [...]

By | April 4th, 2018|Cleveland, Funds, Giving, Tax benefits, Uncategorized|Comments Off on The New Tax Law: Donor Strategy – Bundling your Gifts

Charitable Donations and Tax Planning

According to Laura Saunders at The Wall Street Journal, “For millions of Americans, the most important tax-planning tip between now and the end of the year is to check your charitable contributions.” Read the Full Story You want to make a charitable donation before the end of the year, but you are running out of [...]

By | December 20th, 2017|Cleveland, Funds, Giving, News|Comments Off on Charitable Donations and Tax Planning

How your Appreciated Assets can Benefit your Community

It’s a bull market and it has been a banner year for asset growth. You may be holding some very lucrative stocks right now. Consider making your year-end gift using appreciated assets.  Gifting these items not only allows you to make a more impactful gift, but also can provide you with several tax benefits. You get [...]

By | October 16th, 2017|Cleveland, Funds, Giving|Comments Off on How your Appreciated Assets can Benefit your Community

Hurricane Harvey Relief & How You Can Help

As Harvey hit Houston, the National Weather Service issued a dire warning: “This event is unprecedented” and “beyond anything experienced”… We have all been closely watching the devastating effects of Hurricane Harvey in Houston. And, as you can imagine, the true degree of the damage will be uncovered in the days ahead. If you would [...]

By | August 29th, 2017|Disaster Relief, Giving, News|Comments Off on Hurricane Harvey Relief & How You Can Help