Every day, people choose The Community Foundation to make an impact in our community. Because of their generosity, we are able to address the changing needs of Middle Tennessee, ensuring its future as a great place to call home. Your stories of giving make us who we are, and we hope that by telling them, we inspire others to realize their charitable dreams. We invite you to share a personal story of your own.
The Big Payback is back for its sixth annual giving day on Thursday, May 2 from midnight to midnight.
In the past five years, or better stated a mere 120 hours, Middle Tennessee donors have paid back 1,000+ local nonprofits, including schools and religious institutions, in a big way. Together we’ve raised more than $12.5 million for our community! Make a gift on Thursday, May 2 at www.TheBigPayback.org.
Congress introduced the IRA Charitable Rollover in 2006 as part of the Pension Protection Act (PPA). It was an effort to help reduce taxes and promote charitable giving, but was never permanent until 2016. The concept is straightforward:
Individuals with IRAs must take required minimum distributions (RMD) the year they turn 70.5, even if they don’t need the income. This income is taxable.
As a professional advisor, you frequently have an opportunity to help your clients achieve their philanthropic goals as effectively as possible. Charitable giving through The Community Foundation of Middle Tennessee, which offers specific tax benefits, gives you a unique resource to help your clients achieve other financial, personal or business goals.
Let us be your partner.