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Time is Running Out...
Make a Charitable Contribution from your IRA...Tax Free until the end of 2011
With the passage of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Tax Act 2010 or 2010 Tax Act), Congress retroactively reinstated the ability to make direct qualified charitable distributions (QCDs) from your IRA, in amounts up to $100,000 by IRA owners who are at least age 70� years of age. This provision expired at the end of 2009, but is once again available, retroactive to January 1, 2010, through December 31, 2011. The provision allows the individual, age 70� and thus subject to Required Minimum Distributions (RMDs), to make contributions directly from an IRA to a Qualified Charity, in an amount of up to $100,000 per year. Since the 2010 Tax Act was passed so late in the year, there is a special provision for 2010 only, which allows the IRA owner to make such a QCD for the 2010 tax year as late as January 31, 2011. To take advantage of this tax holiday, talk with your qualified financial professional. If you are looking for a qualified financial professional, check out Sonoma Valley Fund's Professional Advisor resource at SVF Professional Advisor Directory.
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SVF's Youth Initiative Announces Grants
$36,500 Go to Two Important Summer Programs
The Sonoma Valley Fund's Youth Initiative Council is making funding available for two summer programs for youth: the Summer School Enhancement Program and Summer Activity Support. These programs are part of the Youth Initiative's year-round plan to ensure that youth have access to after school activities that are educational and enriching.
| Youth Initiative Sponsored Summer Trip to Angel Island 2010 |
The Council recommended that grants be made to the Sonoma Valley Unified School District to fund the second year of The Summer School Enhancement Program for fifth and eighth graders. At the same time, The Council made available monies to support a second year of the Summer Activity Support program to help Sonoma Valley children participate in summer camp opportunities. Both the Summer School Enhancement and the Summer Activity Support programs will get underway June 9th.
Funding for the Youth Initiative has been provided by local foundations, business and community groups and individuals.
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Sonoma Valley Fund's Annual Celebration
Save the Date: Sunday, October 23rd
Mark your calendars for Sunday, October 23rd from 3:00-5:00pm. This year's celebration event will take place at the new Hanna Boys Center facilities. Food, music and a celebration of the outstanding volunteers in the Valley with Sonoma Valley Fund's annual Star Awards! This year's celebration is made possible by a generous grant from Rabobank. |
SVF Convenes the Non-Profit Partner Council
Council will identify opportunities for collective action
The Sonoma Valley Fund (SVF) has formed a Partner Council comprised of Executive Directors of four of Sonoma Valley Fund's sixteen Non-Profit Partners. The Council will provide the Sonoma Valley Fund with direct input from SVF's Non-Profit Partners. The Council will be coordinated by Whitney Evans, SVF's Past President, and will include the following Non-Profit Partners: Dave Pier (Boys & Girls Clubs of Sonoma Valley), Cindy Scarborough (Vintage House), Kathy Witkowicki (Sonoma Valley Mentoring Alliance), and Kate Eilertsen (Sonoma Valley Museum of Art). Whitney Evans said, "We'll be particularly interested in how SVF can support our Partners' legacy giving programs and improve their service delivery." The Council hopes to identify opportunities like the Non-Profit Services Committee that has developed systems that reduce administrative overhead and provide purchasing power for all Sonoma Valley non-profits. The Non-Profit Partner Council will meet for the first time in July.
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Boys & Girls Clubs of Sonoma Valley Honors Legacy Donors
Upcoming Luncheon to Honor the Clubs' Initial 21 Heritage Club Members
Boys & Girls Clubs of Sonoma Valley will hold a luncheon on June 26th honoring its 21 founding members. The Heritage Club is comprised of those who have committed to make legacy bequests to the Boys & Girls Clubs of Sonoma Valley. In addition, the luncheon will honor this year's Boys & Girls Clubs high school graduates. Dave Pier, Executive Director of the Clubs, says, "Legacy gifts are critical to our future, and our goal is to have 50 Heritage Club Members by our 50th anniversary in 2012." If you are interested in becoming a Heritage Club Member, contact Dave Pier at 707-938-8544, ext 103. For more information about the Boys & Girls Clubs of Sonoma Valley, visit their website at: Boys & Girls Clubs of Sonoma Valley |
SVF Welcomes Newest Non-Profit Partner
Friends of Sonoma Valley Library
The Friends of the Sonoma Valley Library is a non-profit volunteer organization dedicated to bringing the pleasure of reading to our community by supporting our library financially and sponsoring programs. Their goal is an improved library. Some of the important activities that the Friends of the Library undertake on a regular basis include: Quarterly Book Sale, Mystery Book Club and Adult Literacy Program.
For more information about the Friends of Sonoma Valley Library, visit the website at: Friends of Sonoma Valley Library
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As always, you can learn more about the Sonoma Valley Fund by visiting our website: Sonoma Valley Fund.
Sincerely,
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Harriet Derwingson, President Sonoma Valley Fund |
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