News & Event
Over the last few years, we have talked extensively about how the Community Foundation’s work is divided into two parts: building our Community’s Endowment and providing Donor Services.
Dear Friends of the Foundation,
I hope you had a wonderful holiday season and are looking forward to a great year ahead.
I write to you today filled with gratitude and excitement. Over the last few years, you have heard me talk extensively about how the Community Foundation’s work is divided into two parts: building our Community’s Endowment and providing Donor Services.
From 2015–2017, we prioritized the Community’s Endowment side of our work as we engaged in our Today. Tomorrow. Forever. Campaign for our Community’s Endowment. With the momentum of some very generous matching donations, we spent a significant amount of time and energy elevating the important role that our Community’s Endowment plays in the long-term vitality of the Holland/Zeeland area. You all responded in amazingly generous ways that grew our Community’s Endowment by $5 million “Today” and our pipeline of “Tomorrow” estate gift commitments by more than $30 million.
With the campaign wrapped up and with the new Federal income tax law changes taking effect, in 2018 we prioritized the Donor Service side of our work. We spent time with companies, families and professional advisors highlighting the various tools we have to make giving as efficient and effective as possible. We were astounded and humbled by the deep generosity of many in our community as we received close to $20 million in contributions to Donor Service funds here at CFHZ. These gifts ranged in size from $25 to $7 million, and combined with nearly $1 million in gifts to our Community’s Endowment, led to CFHZ’s 2018 contributions totaling close to $21 million. That is more than double our previous high of $9.7 million!
These resources will impact many individuals and nonprofits in the Holland/Zeeland area, and we are honored that many of you chose to partner with CFHZ to help you best achieve your charitable goals.
For me, this record year says two things:
1. Our community is deeply generous and is committed to making a difference in the lives of others and
2. The hard work of so many staff and board members over the last 65 years has made the Community Foundation a trusted partner for many local families and companies.
Nothing inspires me more than having witnessed and felt these two things in profound ways over the last few months. It is a privilege to serve this organization and work with you all!
There was much more that happened during the year, but the above list aggregates some of the highlights from my perspective.
It was an inspiring year here at CFHZ and I want to thank each of you for all that you have done, and continue to do, to partner with the Community Foundation to ensure that the Holland/Zeeland area thrives Today, Tomorrow and Forever.
With deep gratitude,
‘Tis the season when many people are considering their year-end charitable giving. It is our favorite time of year at the Community Foundation because we never cease to be inspired by the generosity in our community. This year many are considering the new landscape laid out by the Tax Cuts and Jobs Act (The Act) signed into law in December of 2017 as they determine how and how much they are going to give this year.
Since the passing of The Act we have shared what we believe is the good news for charitable giving. For starters, the reasons people give charitably are many and varied and most often align with a desire to give back and help others. A leading indicator of how much individuals will give is their available discretionary income. That might be the best news of all as the primary motivation for The Act was decreasing the amount of money in the federal government and increasing the amount of money in private citizens hands.
That means people on balance will have more discretionary income to potentially give to charity. And by using one or more of the tax smart strategies laid out in this article—gifting appreciated assets, bunching donations into one tax year and making qualified charitable distributions from one’s IRA—individuals and companies have the opportunity to give even more this year.
Let’s take a look at the main points of The Act that are likely to have the largest impact and how this may affect charitable giving.
The tax benefit is rarely the main reason people support nonprofits in the first place. People give because they want to make a positive difference in the lives of others and in our world. The needs in our community didn’t go away, so your opportunity to care for your neighbor didn’t go away either. And you will likely be able to give just as much to charity as you have in the past and still increase the amount of your income due to the lower tax rates.
Get the most out of your charitable contributions with a Donor Advised Fund, the fastest-growing giving method in the nation. The reasons Donor Advised Funds are so popular are numerous and growing. Here are our top 10 reasons why you should consider using a Donor Advised Fund for your own charitable giving.
To learn more about how Donor Advised Funds can simplify your giving and increase your impact or contact Colleen Hill, Vice President of Development and Donor Services at email@example.com
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Join us to hear from President/CEO Mike Goorhouse and Vice President of Community Impact Elizabeth Kidd. This event features highlights of our recent grant impact and other community improvement efforts happening in the local nonprofit sector.
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