Plug-and-play content snippets for your social posts and more
It’s July!
To celebrate the start of 2023’s second half, we’re trying something new with our monthly cut-and-paste content to help our community foundation clients engage the professional advisors in their community.
In addition to the longer form articles, the July content sent to our subscribers today included a short version of the newsletter material, made up of content snippets that can easily be deployed into social media posts as well as utilized for newsletter content. We’re offering an on-your-honor preview below.
If your community foundation is not yet a subscriber, now may be the time to join more than 150 of your community foundation colleagues across the country whose lives are easier thanks to Embolden’s cut-and-paste content. Subscriptions start at just $450 for a full year of monthly content. (We’ve never raised our prices!)
On-your-honor content preview
Hello from the community foundation!
It’s summer 2023 and there’s no shortage of news on topics related to philanthropy and charitable giving.
🤖 Here’s a subject that seems to be everywhere all the time, which is artificial intelligence. Somewhere between worries that runaway AI will upend life as we know it and uneasiness about how AI might change the way attorneys, accountants and financial advisors do their work lies the likelihood that AI will change charitable giving, too. Your clients who are board members of nonprofits may want to brush up on the subject, and certainly if you have clients who are early investors in AI ventures, keep an eye out for opportunities to leverage highly-appreciated stock for charitable gifts down the road.
🔋 We love the ever-popular subject of using IRAs for charitable giving. We just can’t say enough about the power of the IRA to supercharge your clients’ charitable giving. If your clients are 70 ½, you simply must take a close look at the QCD, which your clients can use to fund a designated, unrestricted, or field-of-interest fund at the community foundation. And never, ever forget the eye-popping effectiveness of a client naming their community foundation fund as the beneficiary of an IRA, especially when the client has pumped up the IRA’s value through catch-up contributions.
🔢 Statistics junkies will love digging into June’s Giving USA report and sharing the facts and figures with charitable clients. Overall giving was actually down 3.4% last year, but it still totaled nearly a whopping $500 billion. Your message to clients might be that their favorite charities likely need their support more than ever, and working with the community foundation can help them do just that.
⚽ Sports fan or not, who hasn’t been watching the NIL developments in college athletics? It’s been a game changer for sure, although if your clients were among the folks who gave to a “NIL collective”, you may need to have a heart-to-heart about what it really means for an organization to be tax-exempt and worthy of a charitable tax deduction. The IRS certainly made its opinion known in a May 23, 2023 memo. Once again, especially when it comes to tax law, you just can’t have your cake and eat it too.
👪 If you are not talking about philanthropy with your clients, we really, really, really encourage you to do so! It is good for your clients, good for the community, and good for you, too. Please lean on the team at the community foundation. We are here to help you with any and all charitable giving issues that might cross your desk.