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January 2011

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In This Issue
 
Lunch is on Us - How the Round Rock Community Foundation can help YOU help YOUR client
Professional Advisors Council Members
2013 Budget and 28% Cap
IRA Charitable Rollover
Symbiotic Ways Private Foundations use Community Foundations
Why a Community Foundation?
UPMIFA and Real LIfe
The Foundation's Board of Governors
Lunch is on Us - Topic: How the Round Rock Community Foundation Can Help You Help Your Client

Join us Thursday May 3rd, 11:30am to 1pm for a "lunch and learn" at the Round Rock Chamber of Commerce board room. Laura Hansen Dean, JDthe Executive Director of Gift Planning at UT, will be our speaker. Please RSVP so we can save a place and order a lunch for you. Register now.

Professional Advisors Council

 

Bruce Bessner - Chisholm Trail Financial - Committee Chair, Bio  

Rick Akins - Akins, Nowlin and Prewitt, Bio  

Connie Bradley - Maxwell Ritter and Locke, Bio

John Jefferson - Merrill Lynch Wealth Management, Bio 

Frank Leffingwell - Leffingwell and Associates, Bio 

Florine Parker - Bjorge and Parker PC,  Bio 

Jason Rammel - Sheets & Crossfield, P.C., Bio 

 

Mission Statement:
The Professional Advisors Council provides education, resources and experience on charitable planning to promote strategic philanthropy in Round Rock and Williamson County.

 

Professional Advisors evidencing their support of the Foundation are considered for membership. More...

2013 Budget Proposes 28% Cap on Charitable Donations

President Obama's FY 2013 budget request includes a provision to cap at 28 percent the value of itemized deductions, including the deduction for charitable donations, for families earning over $250,000 per year. This marks the 4th consecutive budget and 7th time overall that the President has proposed capping the charitable deduction. The Greater Round Rock Community Foundation has asked Congressmen John Carter for his support in opposing this measure. More...   

Foundation Supports Extension and Expansion of IRA Charitable Rollover  

 

The proposal would expand tax-free distributions from individual retirement accounts for charitable purposes. More specifically, it proposes to extend the IRA charitable rollover beyond 2011; permit IRA rollovers to all charitable vehicles, including donor-advised funds, supporting organizations and private foundations; lift the $100,000 cap on distributions; and allow donors to make planned gifts beginning at age 59 � . More...

Creative Applications of Life Insurance in Charitable Lead Trusts

The time is right for the review of Charitable Lead Trust strategies in your clients' portfolios. That doesn't mean these strategies are only for clients with six-figure tax woes; clients appreciate CONTROL over their monies, and a well-structured and appropriately-funded CLAT or CLUT can go a long way in helping clients fully realize the value of their social capital. More...

 

Symbiotic Ways Private Foundations Use Community Foundations and Other Organizations

 Many people who control private non-operating foundations find they do not offer as much planning flexibility as other types of giving vehicles and entities. In this article, Bryan Clontz, CFP of Charitable Solutions, LLC illustrates ten ways that community foundations and other organizations that sponsor donor advised funds and supporting organizations can assist private non-operating foundations in overcoming many of their limitations while enhancing effectiveness and flexibility. More... 

 

Community Foundations have Earned the Trust of Thousands of Professional Advisors throughout the United States. Here's why: 

   

We work through you. You stay in control of your client relationships; we're here to help you serve your clients' charitable giving needs.


We partner with you. We provide support, information, and expertise related to charitable giving options.

 

We help you build stronger relationships. Studies show that many high net worth individuals are expecting to talk about giving as they make financial plans with their advisors. They will appreciate the charitable impact and tax advantages you help them achieve by working with a community foundation.     

 

We help you connect across generations. When you help families establish Donor Advised Funds at their community foundation, you begin an ongoing process of involvement with current and future generations.

 

UPMIFA and Real Life: A Case Example

The Uniform Prudent Management of Institutional Funds Act (UPMIFA), now enacted in all states except Mississippi and Pennsylvania, has created a new landscape for the administration of charitable endowments. More... 

 


Foundation Board of Governors:

Charles N. Avery, III 

John S. Avery, Sr. 

Bruce Bessner 

Ashley Blake 

Jim Boles

Holly Coe 

Keith Hickman

Jay Latham

Frank Leffingwell

Mark Fritz 

Chaz Glace

T. Nyle Maxwell 

Deanna Miller

John C. Nelson

Nancy Rabb 

Shari Ramming

Michael Selvera

Jon E. Sloan 

Tim Timmerman 

Shevawn Walzel 

George White 

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