‘Women & Wealth: Leave Your Legacy’ Event

Presented by Women’s Legacy Fund from The Community Foundation San Luis Obispo County

What if you could learn how to improve your financial health while creating lasting change for women and girls in San Luis Obispo County?

Join inspirational members of our community for an evening of abundance as the Women’s Legacy Fund collaborates with Women Making Waves on ‘Women & Wealth: Leave Your Legacy’. Bringing together the next generation of Legacy Leaders through The Young 100, this non-profit event creates a unique conversation around financial literacy, philanthropy, and community impact for women in SLO County. Through a hosted evening of passed apps, sponsored drinks, and motivational workshops, you’ll leave feeling educated and empowered with a better understanding of what it means to experience financial health along with how to leverage that wealth to benefit others. Hosted by Leann Standish of SLOMA, two phenomenal speakers will take the stage. Jill Wilde and Sara Rubalcalva will connect on a deeper level of giving by sharing their workshops and wisdom with you. You will walk away knowing that your contributions and commitment are part of the bigger vision to creating lasting change for women and girls in San Luis Obispo County. When women of a community are uplifted, it creates a ripple effect of compassion, creativity and confidence for all.

Event Speakers

Sara Rubalcalva:

📣 Introducing Sara Rubalcalva, award-winning Marketing Communications Professional with over twenty-five years’ experience turned Transformational Speaker and Lifestyle coach empowering others to reach their highest potential in life by providing tools to recognize and remove barriers to success.

You can define and refine what it means to receive, have, and gift.

This workshop will give you the tools to map out your vision for individual wealth and achieve a healthy money mindset through awareness, connection, and vision.

Above and beyond that, you will discover what it means to commit to a life of giving back, leveraging your wealth for impact, and doing big things for your community. Leave empowered, and with a plan! In this workshop you will dive into how a healthy money mindset can shift an individual, a family, and a community at large.


Jill Gutierrez
Wilde:

📣 Meet Jill Wilde, Chief Magic Maker at Wilde Big Sur: a new forest retreat and music venue on the South Coast of Big Sur. In this discussion with philanthropic icon Jill Wilde, learn what it means to discover wealth independent of your financial circumstances.

Workshop through what wealth means to you, on a deeper level than the amount of money in your bank account. Overcome the daily stresses of monetary success and learn what it takes to develop a wealthy lifestyle for yourself resulting in a more impactful legacy in your circle of influence. We’ll workshop how we navigate our current financial realities in order to pave a different path of success, choosing personal responsibility for our own wealth now and into the future.

Leave feeling confident in your ability to generate wealth, wield power and have influence beyond what you could imagine.


Event Details

Thursday, August 4th from 6pm – 9pm
The Penny SLO | 664 Marsh St, San Luis Obispo, CA 93401Your ticket includes:- Small bites and (2) complimentary drinks from SLO Cider
– Women-owned winemaker tastings
– Interactive workshops with Jill Wilde & Sarah Rubalcalva
– Social time with community members and leaders
– Dance party with DJ SLO GRRRL to network & celebrate

$65 for Legacy Leaders / Young 100 Members
$75 for General Admission

Partners:
– The Penny SLO
– Brick & Mortar Catering
– SLO Grrrl DJ
– SLO Cider Co.
– Hubba Wines
– Ranchero Cellars
– Lumina Wines
– Idlewild Flower Arrangements
– Jill Wilde
– Sara Rubalcalva
– Leann Standish (SLOMA)

The Women’s Legacy Fund is a field of interest fund through The Community Foundation San Luis Obispo County which was established in 2003 to strengthen women and girls’ physical, emotional, intellectual, and financial well-being. Since its inception, the fund has provided more than $300,000 in support of a broad spectrum of issues affecting women and girls in San Luis Obispo County, from basic needs and education to physical and mental health.

Access for All Advocate: Paul Wolff

Foundation Family Highlight: Paul Wolff

Today, the American Disabilities Act turns 32. This important civil rights law prohibits discrimination against individuals with disabilities within schools, transportation, and all places that are open to the general public.

Across San Luis Obispo County, allies and activists are dedicated to ensuring that people with disabilities have the same rights and opportunities as everyone else. One of these individuals is Paul Wolff: a local architect and accessibility advocate.

Paul Wolff advocates for an accessible, diverse, and welcoming community that values disability and encourages the full participation of people with disabilities in all aspects of life. Not to mention, the annual Paul Wolff Accessibility Advocacy Awards (PWAAA) were established in honor of Wolff. These awards are implemented through Access for All, a field of interest fund through The Community Foundation, and honor those who strive to make San Luis Obispo County a barrier-free community.

Paul – Professor Emeritus of Architecture at Cal Poly State University – has an incredible life story. Paul was born in 1929 in Hamburg, Germany to Jewish parents. After his father’s arrest during Kristallnacht in 1938, young Paul and his family fled Nazi occupation to London, England in 1939. Fortunately, as the political climate grew more volatile, they were able to secure a 30-day transatlantic crossing and landed in San Francisco on August 1, 1939 – only 30 days before the start of WWII in Europe.

In the 1950s, Paul was drafted into the US Army and served in Europe. After his service, the GI Bill of Rights enabled him to enroll in the graduate program of architectural studies at The Academy of Fine Arts in Munich. After graduation, he began his architecture career working with renowned architect Richard J. Neutra in Los Angeles and later started his own architecture practice in Palo Alto. In 1971, Paul began teaching Architecture at Cal Poly State University. It was during this time at Cal Poly that he began to recognize the need for accessibility in architectural design, partly due to the effects of his sister’s advancing MS diagnosis.

After earning his master’s degree in Environmental Psychology from the University of Surrey in Guilford, England, Paul returned to Cal Poly where he introduced Environmental Psychology and Universal Design into the School of Architecture’s curriculum. In July of 1990, architectural accessibility finally became a national requirement as the American Disability Act (ADA) was passed into law. After 23 years at Cal Poly, Paul retired to focus on community involvement. He and his wife Marion, who escaped from Vienna as part of the Kindertransport, continue to talk to students and groups sharing the stories of escapes from Nazi Germany and exploring the impact of the current violence we see in our society today and its relationship to the evils of prejudices and discrimination. Paul worked with local activists to start Access for All, which promotes accessibility, supports advocacy work, and provides connection through The Community Foundation San Luis Obispo County. He currently serves on the Access for All advisory committee.

We are extremely grateful to know and work closely with Paul – he is an inspiration to us all. Read his own account of this incredible story, which we are honored to share with you.

“Today there is so much for which to be grateful. Since I have been allowed to survive for 92.5 years, there is so much to recall. I started long, long ago, so far distant, in a radically different universe, within a far different culture and language.

The first 9 family years in Hamburg, Germany, ended abruptly on the infamous Kristalnacht, 11/9/1938, as the Gestapo invaded our house to arrest my father despite his 4 years as a wounded/decorated army captain fighting for Germany in WWI . Yet, not until many years later in SF, did I fully comprehend the politics of the times.

These were events that must never be forgotten! Towards that end, Marion and I devoted much time in our later years to sharing both of our Holocaust experiences with high school and university students in Vienna, Berlin, Hamburg, as well as locally. Marion’s exodus at 8, from Vienna, via the Kindertransport was always of great interest to our audiences. Today, I gladly continue to talk to students and local groups about learning from our recent destructive history and its relationship to the evils of current prejudices and discrimination.

We were among the fortunate few. Six months after Kristallnacht we were able to reassemble our small family in London and board the Hamburg-American freighter SS Dynteldyke for the 30-day Atlantic crossing to SF.

The subsequent 9 years were filled with growth and challenge from school, sports, and a variety of jobs in San Francisco. New freedoms and responsibilities emerged as I advanced to UC Berkeley, Yosemite, Livermore, and Texas, Missouri, and Germany courtesy of the US Army.

My 1953 rejection from OCS (Officers Candidate School) actually worked to my benefit. Subsequently, being drafted into the US army led to my assignment as the operator of a 20-ton crane in a chaotic divided post-war Germany. That year – 1954 – gave me the exciting opportunity to explore Hamburg, Mainz, Paris, Stromboli, Sweden, Finland, and London.

Upon my discharge from the US army, the GI Bill of Rights allowed me to enroll in stimulating graduate architecture studies at The Academy of Fine Arts in Munich. Thereafter, I obtained passage home on the USS Langfitt by teaching and counseling some 400 Hungarians seeking refuge in the USA.

[I] spent the following 3 years living and working with renowned Architect Richard J. Neutra in his LA studio. By 30, in 1960, I found and wed a young German visitor from London, Marion Pollak. Three precious children followed: Karen, 1962, Linda, 1964, Charles, 1966.

During the following 10 years as I started my architectural practice in Palo Alto, I became increasingly aware of my sister Eva’s advancing disability due to her MS. I also noted that the CA building code tended to ignore accessibility issues. In 1970 the emerging Department of Architecture at Cal Poly State University in San Luis Obispo was expanding… and I applied.

By September 1971, we had sold our remodeled Eichler home in Palo Alto and moved to SLO as I started teaching my first classes. Two years later I had to decide my future. To advance at the University would require a Masters Degree.

Due to the strong influence of Neutra’s humanistic architecture and my access concerns, I chose to pursue a Master’s program in Environmental Psychology at the University of Surrey in Guilford, England. This allowed Marion to support the 5 of us by working as a secretary at the University.

Upon my return to teaching, I introduced Environmental Psychology and Universal Design, creating a more inclusive environment (including people with disabilities) into the architectural curriculum. National interest in the rights of all people to have equal access to our environment was increasing, which led me to work with many local activists to start Access for All in SLO County.

In July of 1990, architectural accessibility finally became a national requirement as the American Disability Act (ADA) became the law of the land. After 23 years at Cal Poly, I retired in order to do more consulting and designing, returning to my home-based architectural practice. Community involvement plus travel to fascinating places further enriched these memorable years.” – Paul Wolff

Access for All Advisory Committee

Consider making a donation to Access for All by clicking HERE.

Now Accepting Applications: 2022 Grants Cycle

We are now accepting applications for our 2022 grants cycle! Over $450,000 is available through our General Grants program for organizations serving the environment, arts, seniors, people with disabilities, and more. And for the first time, in order to further support stability and trust within SLO’s philanthropic sector, all General Grants will be unrestricted.  

“Starting this year, 100% of the grants we are offering through our General Grants Program will be unrestricted, meaning these funds can be used however each recipient deems necessary,” said Heidi McPherson, CEO of the Community Foundation. “Challenging times require a new approach, and we believe that unrestricted funding gives our nonprofit partners the flexibility they need to succeed in today’s environment. ”

The primary goal of our 2022 General Grants Program is to provide funding for agencies and programs that directly address community needs while helping nonprofit organizations fulfill their mission. We will prioritize applications that support community well-being, resiliency, collaboration, and demonstrate cultural competency.

WHAT’S NEW THIS YEAR

To streamline funding efforts, nonprofit organizations can either submit new applications directly to The Community Foundation or submit a copy of an application that has been drafted to the County American Rescue Plan Act (ARPA).

 “We hope that by accepting grants previously submitted to ARPA, our beloved nonprofit community can save time and money by eliminating duplicative grant writing,” says Cassandra Kartashov, Director of Grants & Programs at The Community Foundation. “The General Grants Program will also be supporting multi-year awards as we know how important it is for nonprofits to have funding stability.”

All grants offered by The Community Foundation’s General Grants program will not only be unrestricted but will also have a two-year funding term. The average grant awarded through the General Grants Program is anticipated to be $15,000. Funding will support the following interest areas:

  • Arts
  • Environment
  • Human Services 
  • Seniors and People with Disabilities

IMPACT OF GRANTS IN SLO COUNTY

Since its inception, our grants program has grown and pivoted to reflect the changing needs of SLO County. To ensure the greatest impact of funds, we leverage data and community members’ lived experiences to inform decision-making. 

For example, Growing Together for LGBTQ+ Fund – a Field of Interest fund managed within The Community Foundation – developed its recommendations for grant distribution based on data analysis from multiple sources, subcommittee members’ independent research, lived experiences, and thorough discussion. In spring, over $19,000 was distributed to Planned Parenthood California Central Coast, SLO Children’s Museum, KCBX Radio, and Lumina Alliance based on these recommendations. 

The Women’s Legacy Fund – another Field of Interest Fund managed by The Community Foundation – recently granted over $75,000 to the Center for Family Strengthening, People’s Self-Help Housing, and Boys & Girls Club Mid Central Coast: all of which are programs supporting women and girls.

The BUILD Grant and Opportunity to Thrive Grant are also grants available for this year but are separate from the General Grants cycle. The goal of the BUILD (Building Unity, Infrastructure, Leadership, and Development) Grant program is to provide capacity-building funding for agencies with an annual operating budget of less than $500,000. BUILD Grants support the following areas:

  • Capacity-building
  • Staff or board training and development
  • Communications or donor development efforts
  • Capital equipment improvement (hardware, software, furniture, etc.)

Opportunity to Thrive supports organizations that offer direct assistance to individuals with a one-time emergency, focusing on empowering and strengthening individuals to overcome obstacles while embarking on the road to self-sufficiency.

HOW TO APPLY

Organizations that meet eligibility requirements are encouraged to apply at https://www.cfsloco.org/nonprofits-2/

We are hosting a Virtual Grant Informational Session which will be hosted on Friday, June 17, and will equip attendees with information on how to submit a successful application. To attend, please use this sign-up sheet

Completed applications must be submitted online by August 15, 2022 at 5pm. Applicants will be notified of their award status later this fall. For further questions about the application process or if you are interested in evaluating grant applications, please contact Cassandra Kartashov at ​​cassandra@cfsloco.org

Scholarship Recipients for 2022-2023

We are excited to announce that $308,500 in scholarships has been awarded to dozens of students across San Luis Obispo County. Thanks to the support of our donors and leadership from our Board of Directors, 62 scholarships for the 2022-2023 school year were distributed in May of 2022.

For over 20 years, our Scholarship Program has enhanced access to education for students of all backgrounds and academic levels in San Luis Obispo County. The scholarships are as varied as their recipients and span a range of academic interests from nursing to agriculture to technology and beyond. 

“Our scholarship program is a reflection of our values as a whole,” said Heidi McPherson, CEO of The Community Foundation SLO County. “We are grateful for the opportunity to collaborate with the donors that make these scholarships possible, and reward students of varying backgrounds and career paths with the financial support needed to pursue higher education.”

In years past, scholarships from The Community Foundation San Luis Obispo County have been used to support room and board fees, tuition, textbook costs, and other qualified education expenses. Unlike loans, these funds do not have to be repaid and cannot be treated as taxable income. 

Some of these scholarships include The Riggs Family Scholarship, which was established to help graduating seniors from San Luis Obispo County high schools make a successful transition to a four-year university. The scholarship is open to graduating seniors from a San Luis Obispo County high school with a 2.8-3.8 GPA who demonstrate financial need. The John S. Renner Memorial Scholarship funds LGBTQ+ youth as they aspire to achieve their goals, especially in the fields of creative or performance arts. This scholarship is open to LGBTQIA+ students who are pursuing arts education at either a 2 or 4 year university.

Emilio Pena playing baseball
Scholarship recipient Emilio Pena playing baseball

The Yeagar Scholarship fund is a scholarship which provides support to for a graduating senior at Coast Union, Morro Bay or Paso Robles High School who is planning to pursue a degree, at a California public university, in physical or technical science (Physics, Geology, Math, Engineering, Chemistry, Computer sciences or Architecture). This year’s recipient of the $23,000 scholarships is Emiliano Pena Ramirez, who had this to say: “This county is filled with such talented students, and I feel so honored to be selected. My parents did not graduate from middle school and moved to the United States so that me and my siblings would have more opportunities. My parents always stressed the importance of hard work, and it is so special seeing that hard work come to fruition. I’m putting myself through college, so this generous scholarship is a game changer for me.” Emiliano is graduating from Coast Union High School and will be majoring in Aerospace Engineering at Cal Poly. 

Students of all academic backgrounds and interests are considered for scholarships based on varying criteria, including but not limited to:  

  1. Financially disadvantaged students who would like to attend a 4-year anniversary;
  2. First-generation college students whose parents are vineyard or farm workers;
  3. Students who are part of the LGBTQ+ community; 
  4. Women in science, technology, engineering, math (STEM).

Learn more about scholarships at https://www.cfsloco.org/available-scholarships-2/

Wathen Castanos Homes Fund and Partnership

In 2019, The Community Foundation was approached by Joshua Peterson, President of Wathen Castanos Homes, seeking to create a novel partnership while they were in the early stages of a development in South Morros. Knowing that The Foundation and Wathen Castanos Homes shared the goal of ‘building community through relationships’ and by fostering the idea that neighbors help each other, Wathen Castanos and The Community Foundation joined forces; in 2020, the Wathen Castanos Homes Fund was officially established.  

The Partnership in Action

A portion of each sale price of every home built by Wathen Castanos is contributed to a Donor Advised Fund within The Community Foundation. From there, grants are then awarded to local organizations that offer programs to improve the lives of those who live in the community. Grants may support a variety of needs including arts and culture, education, parks and trails, recreation, wildlife rescue, women,  youth, as well as those that benefit the homeless. Through their homes and grantmaking, Wathen Castanos is giving back to the future of the community that they are literally building!

In July 2021, the first Wathen Castanos Fund grant was awarded to Operation Surf, which uses curriculum-based programs to inspire injured veterans to seek mental and physical wellness by providing resources, tools, and peer-to-peer support. Using the healing powers of the ocean and their core values of care, inclusion, commitment, integrity, and communication, they help to change participants’ lives – one wave at a time. Participants have experienced a marked decrease in PTSD and depression symptoms. One week and six-month programs are offered in coastal communities, in addition to ongoing virtual support and community. Through the grant, Wathen Castanos has given back to the veterans who have given so much in service  to our country.

By serving as a catalyst to help others and connecting those who want to help with those who need help, Wathen Castanos Homes and the Foundation have teamed up to serve San Luis Obispo County and build a better future. 

 

Martha’s Place: Supporting Child Safety in SLO County

One in ten children suffers from child abuse, and since there are 50,000 children living in San Luis Obispo County, there are roughly 5,000 children in SLO County who might be struggling from child abuse and a lack in safety. Programs that promote the social and emotional well-being of children and families are crucial to the security of our community. 

The Center for Family Strengthening strives to make positive systemic changes in the lives of families, understanding stronger families will bring up kids who are healthier and more resilient.

Bob and Pat Barlow understood how important early intervention is for children at risk for behavioral and mental health issues and their families, so in 2021 they set out to support a local children’s assessment center. The James Robert (Bob) and Patricia Barlow Fund for Strong Families and Communities – held at The Community Foundation –  awarded Martha’s Place Children’s Center with a grant through the Center for Family Strengthening in order to help strengthen families, prevent child abuse, and provide essential resources to support families in need within our community. Martha’s Place Children’s Assessment and Treatment Center allows children in SLO County to reach their full potential, to be loved, to be emotionally well developed and to enter school ready and able to learn. They give the most vulnerable young children a voice and a safe, stable environment in which to thrive. 

How do they do it?

Martha’s Place offers expert, multidisciplinary assessment of infants and young children who exhibit extreme behavioral concerns, developmental delays, and known prenatal substance exposure. Case Managers and Family Advocates guide families through the stressful process of accessing appropriate services, linking them to other recommended services, and providing additional information and support and generally navigate the complex mental and behavioral health systems. By working with the family and partnering with family support organizations throughout SLO County, they help families in need access appropriate services for their child, protect children from abuse, and ensure that strong families are a community priority. 

The Community Foundation is proud to serve as the connector between the James Robert (Bob) and Patricia Barlow Fund for Strong Families and Communities and Martha’s Place as they strive to make SLO County safe for all children. 

Welcome New Board Members

The Community Foundation San Luis Obispo County is proud to welcome two new members to its Board of Directors. Rick Williams and Rob Garcia both have extensive experience giving back to the community and serving on nonprofit boards.

Rick Williams

Rick Williams is the former CEO of the Sobrato Family Foundation and the founder and President of Realize Consulting Group. Rick also previously served as the Director of the Asset Funders Network and the National Programs Director of the Charles and Helen Schwab Foundation. Additionally, Rick previously served as the Deputy Director of the Santa Clara County Mental Health Department and as an executive in several nonprofit organizations. 

Rick has served on many nonprofit boards and is currently the Vice Chair of Third Sector Capital Partners.  He also serves as a board member of the Community Foundation of San Luis Obispo County and Pivotal, the largest foster youth-serving organization in Silicon Valley.  Previously, Rick served as the Board Chair of Archbishop Mitty High School, and as a Board Member of Northern California Grantmakers, the National Council of Family Philanthropy, Fresh Lifelines for Youth, Silicon Valley Law Foundation, and Grantmakers for Effective Organizations. 

Rick holds a master’s and bachelor’s degree in clinical psychology from Antioch University and Washington State University. He resides on the Central Coast of California with his wife of 36 years, Barb. He has a daughter who is working and living in Pittsburg and a son who is working and living in Silicon Valley.

Rob Garcia

Rob is a CERTIFIED FINANCIAL PLANNER™ practitioner and has earned the Accredited Investment Fiduciary® professional designation from Fiduciary 360, receiving formal training in investment fiduciary responsibility. He also obtained a Certificate in Financial Planning from Boston University and holds FINRA Series 65 certification.

Rob graduated cum laude from Cal Poly, San Luis Obispo in 1997 with a degree in Business Administration concentrating in Financial Management. Rob believes in giving back to the
community. He currently serves on the Cuesta College Foundation Board as well as their Finance Committee, the French Hospital Medical Center Foundation Finance Committee, and on the Board of Directors for Community Action Partnership of San Luis Obispo, CAPSLO. As a veteran, he has been a member of the American Legion Post 66 for
over 20 years.

Rob lives in Templeton, with his beautiful wife, Deb, his two sons, Brandon and Jakeb, and their golden-doodle, Jack. The Garcia family is often found on the tennis court, as all four enjoy the game, or headed out for a camping trip.

We thank outgoing Board members Mary Verdin and Jim Brabeck for their decade of service.

Jeff and Joan Buckingham of The Buckingham Family Charitable Fund

Jeff and Joan Buckingham have made SLO County their home and serve the community in a variety of meaningful ways that make a difference in their own lives and in the lives of others. When Jeff Buckingham was a kid, he always dreamed of being a dairy farmer.  Luckily for him, Jeff found an enthusiastic partner in Joan and discovered that running a business and running a farm require the same traits of patience and stamina, knowing the landscape and helping others find their way. 

Jeff and Joan show their dedication to the community through random acts of kindness and direct involvement in community programs, projects, charitable contributions, and volunteering – including Jeff’s two-year term as president of The Community Foundation Board and his continued service as a Board member.  

Video courtesy of AMF Media Group SLO

The heart of the Buckingham’s commitment to serving those around them can be seen and felt in part of the family’s mission statement, “We are an inexhaustible source of contribution to our community and to our world.” With the Buckingham Family Charitable Fund, “we can look at our donations on an annual basis to make sure that our values match up with the donations.”

Jeff and Joan established The Buckingham Family Charitable Fund in 2021. As Jeff shared, “We decided to do this because we can take advantage of a larger charitable deduction by combining all of our giving over several years into a donor-advised fund.” As a member of the Board of The Community Foundation, having their own fund is also a way to learn more about the experience of Foundation donors. 

Jeff and Joan have two grown children and live off the grid on a ranch near Los Osos with an assortment of cows, dogs, cats, chickens, and many wild creatures.

5 Ways to Support Nonprofits

5 Ways to Support Nonprofits

The pandemic has been difficult on all organizations whether it be higher demand for services or having to close their doors. Over the past couple of years The Community Foundation has been asked by both donors and nonprofit leaders to share tips on how to support their favorite organizations. Below are following are five evergreen options for supporting nonprofits compiled by our very own Cassandra Wagner Kartashov, Director of Grants and Programs here at The Community Foundation.


1 Unrestricted Gifts 

Did you know that before the pandemic only 20% of funding for nonprofits in the United States had any degree of flexibility? Unrestricted gifts provide nonprofits with the ability to adapt to changing needs which has been more important than ever during the pandemic and will continue to be a need moving forward.

““…what we learned from the disaster was to trust the nonprofits to judge where they need to spend the funding” – Grantmaking Committee Member

 

2 Volunteer

Volunteerism is a tremendous resource as many nonprofits would not be able to conduct programs, raise funds or serve clients. Volunteering can also have positive impact on the volunteers mental health. If you are interested in volunteering you can contact your favorite nonprofit or check out Volunteer SLO for opportunities.

 

 

3 Give Grace

Nonprofits are usually understaffed even in the best of times. “The Great Resignation” has had a huge impact on local organizations. This may mean that your gift acknowledgement may not arrive in a timely manner or that the email you sent over a week ago has not been responded to. I recently heard from a beloved nonprofit leader that one of her donors decided to not make contributions to the organization any more after a new staff member failed to “properly greet” the donor. During these difficult times please remember to give a little extra grace.

 

 

4 Boost Morale

These past couple of years have been difficult on everyone. Our Board recently started provided treats for staff on multiple occasions which had a huge impact on staff morale and productivity. You’d be amazed by what a box of cupcakes can do to lift spirits.

 

 

5 Appreciation

I recently spoke with a nonprofit CEO who shared that she has one donor that writes a letter of appreciation with each gift they make to the organization. She shares the thank-you card with staff and then keeps them in a little box for days when she needs a pick-me-up. Letters of encouragement and thanks are validation of their hard work.

Donating to a charity using a qualified charitable distribution (QCD)

Note: The Community Foundation would like to thank Wayne Lewis, of Lewis Financial for providing the following article from the Fidelity Learning Center.

If you are looking to make a non-deductible donation to charity, you may want to consider a Qualified Charitable Distribution, or QCD.

If you are age 72 or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts.

A QCD is a direct transfer of funds from your IRA, payable directly to a qualified charity, as described in the QCD provision in the Internal Revenue Code. Amounts distributed as a QCD can be counted toward satisfying your RMD for the year, up to $100,000. The QCD is excluded from your taxable income. This is not the case with a regular withdrawal from an IRA, even if you use the money to make a charitable contribution later on. If you take a withdrawal, the funds would be counted as taxable income even if you later offset that income with the charitable contribution deduction.

Why is this distinction important? If you take the RMD as income, instead of as a QCD, your RMD will count as taxable income. This additional taxable income may push you into a higher tax bracket and may also reduce your eligibility for certain tax credits and deductions. To eliminate or reduce the impact of RMD income, charitably inclined investors may want to consider making a qualified charitable distribution (QCD). 

For example, your taxable income helps determine the amount of your Social Security benefits that are subject to taxes. Keeping your taxable income level lower may also help reduce your potential exposure to the Medicare surtax.

Am I eligible for QCDs?

In prior years, the rules that permitted QCDs required reauthorization from Congress each year, and those decisions were sometimes made late in the calendar year. With passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015, the QCD provision is now a permanent part of the Internal Revenue Code. This means you can plan your charitable giving and begin reviewing your tax situation earlier each year.

Tip: With the 2020 tax law changes, there’s 1 additional factor to consider: you may take advantage of the higher standard deduction ($12,400 for single filers, $24,800 if married and filing jointly). This means that if you claim the standard deduction, you won’t be allowed to itemize things like charitable donations. However, since QCDs are not includable in income, the QCD is also not deductible. As such, the QCD can remain an option for your charitable giving, even if you claim the standard deduction in a given year.

The rules of QCDs

A QCD must adhere to the following requirements:

  • You must be at least 70½ years old at the time you request a QCD. If you process a distribution prior to reaching age 70½, the distribution will be treated as taxable income.
  • For a QCD to count toward your current year’s RMD, the funds must come out of your IRA by your RMD deadline, which is generally December 31 each year.
  • Funds must be transferred directly from your IRA custodian to the qualified charity. This is accomplished by requesting your IRA custodian issue a check from your IRA payable to the charity. You can then request that the check be mailed to the charity or forward the check directly to the charity yourself.

    Note: If a distribution check is made payable to you, the distribution would NOT qualify as a QCD and would be treated as taxable income.
  • The maximum annual distribution amount that can qualify for a QCD is $100,000. This limit would apply to the sum of QCDs made to one or more charities in a calendar year. If you’re a joint tax filer, both you and your spouse can make a $100,000 QCD from your own IRAs.
  • The account types that are eligible for QCDs include: 
    • Traditional IRAs
    • Inherited IRAs
    • SEP IRA (inactive plans only*)
    • SIMPLE IRA (inactive plans only*)
  • Under certain circumstances, QCDs may be made from a Roth IRA. Roth IRAs are not subject to RMDs during your lifetime, and distributions are generally tax-free. Consult a tax advisor to determine if making a QCD from a Roth is appropriate for your situation.
  • Certain charities are not eligible to receive QCDs, including donor-advised funds, private foundations, and supporting organizations. You are not allowed to receive any benefit in return for your charitable donation. For example, if your donation covers your cost of playing in a charitable golf tournament, your gift would not qualify as a QCD.

    NOTE: Though a QCD may not be placed directly into your donor-advised fund, The Community Foundation can still accept the QCD, place it in a holding fund, and distribute qualified grants based on your recommendations. 
  • Contributing to an IRA may result in a reduction of the QCD amount you can deduct.*

Tax filing for QCDs

A QCD is reported by your IRA custodian as a normal distribution on IRS Form 1099-R for any non-Inherited IRAs. For Inherited IRAs or Inherited Roth IRAs, the QCD will be reported as a death distribution. You should keep an acknowledgement of the donation from the charity for your tax records. Please consult a tax advisor to learn more.

For a better understanding of how QCDs can affect your taxable income, let’s consider a few hypothetical scenarios. Phil has been taking RMDs for the past few years, but this year he has decided to make a QCD. Phil did not make any non-deductible contributions to his IRA, so all of his distributions would be taxable:

If you are 72, own an IRA, and donate to charity, QCDs may make sense for you; consult a tax advisor regarding your specific situation.

Connect With Us
Heidi H. McPherson Chief Executive Officer (805) 543-2323