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FORM 990

If you wish to view our IRS Form 990, you may download it pdfhere or check the following website: www.guidestar.org.



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Year-End Giving: Options to Consider

The new Tax and Jobs Act enacted in late 2017 may significantly impact how people give to charity this year as well as the next few years. So as you begin to think about your own year-end charitable giving, we offer the following recommendations.

First and foremost, we recommend that you talk with your CPA, financial advisor or estate planning attorney about your particular income and tax situation as it pertains to your charitable giving.

There are a number of areas in the new law that may impact you as a donor. For example, there is a new standard deduction, which was doubled from $6,000 to $12,000 for single filers; and increased to $24,000 for married joint filers. There were also changes in income tax rates/brackets and exclusions, state and local taxes, mortgage interest deductions, and the estate tax, to name a few.

With these tax changes and others, it is important to know how these new changes may possibly affect your charitable giving.

There are three options we would recommend you consider this year:

  1. IRA Rollover – If you are 70 ½ or older and you own an IRA and need to take your Required Minimum Distribution (RMD), you can direct up to $100,000 to a qualified charity, like The Community Foundation. If your spouse or partner is 70 ½ and has their own IRA, they can also make a gift of up to $100,000 from their IRA RMD and you will have a “double impact” with your gifts.  Your IRA Rollover gift will not be included in your taxable income and will qualify for your minimum distribution.
  2. Outright Gift of An Asset – Another option is to make a gift of appreciated assets such as securities, real estate or business interests. It may be more advantageous to make this type of gift than an outright cash gift. This type of gift may provide you with significant income and capital gains tax savings, which may exceed the benefits of a cash gift.
  3. Donor Advised Funds (DAF) – A third option is a DAF, which offers a flexible and easy-to establish vehicle for your charitable giving. It’s as easy as 1,2,3! First, you make a gift of cash or appreciated assets (stocks and bonds, real estate, etc.) to The Community Foundation to establish an endowed DAF. If you itemize your deductions, you will receive a charitable deduction in the year of the gift. Next, you give your DAF a name and purpose. Finally, on an annual basis you can recommend grants from your fund to support one or more nonprofit organizations or causes you care about.

A DAF is also a great option if you are interested in charitable giving, but unsure which nonprofit organization(s) to support.

You can establish your DAF this year at the Foundation and then work with our grant staff to identify those nonprofit organizations or causes that you are most passionate about, and then direct your giving to that cause or organization.   

Again, before you may any decisions on your giving please check with your financial advisor or attorney.

If you are interested in talking with someone about year-end giving at The Community Foundation or want more information on giving options, please contact Jose A. Marquez, Vice President of Charitable Giving at 951-241-777 or at This email address is being protected from spambots. You need JavaScript enabled to view it.