We can help enhance your services with your clients.

The Winona Community Foundation wants to partner with you to help your clients meet financial and charitable goals by serving as a resource for professional advisors. We offer resources and opportunities to learn about philanthropy. Our education is designed with you and your clients in mind.

Nancy Brown, CFRE, President/CEO is available to consult or work with you on estate and gift planning.

Why work with us?

Learn how the Winona Community Foundation is here to help you provide charitable solutions that bring the greatest benefit to your clients and the causes they care about.

Ways to Give

Learn how we help connect donors with the causes they love.

Recent Community Grants

Read about the Foundation’s community grant program and recent recipients.

Newsletter

We hope you will find our newsletter with tailored research articles helpful and informative.

Events

Check out our most recent event: Estate Planning in a Nutshell. After attending this webinar, the participants were prepared to have a meaningful and productive conversation with their attorney, accountant or other professional planner to follow through on their resolution!

Tax Laws 

The Winona Community Foundation will stay current on the impact various tax laws may have on your clients’ charitable giving. Here are just a few recent changes, or often made mistakes that you will want to be aware of:

Can your client use a QCD to make a gift to the Winona Community Foundation? The short answer is “yes,” but the full answer includes, “it depends.” The Winona Community Foundation is a qualified 501(c)(3) and is eligible to receive QCDs, but it depends upon where the QCD is directed. We would welcome the opportunity to meet with you and your client to help identify their goals and objectives for their giving, find an existing fund that meets those needs, or establish a field of interest or designated fund for that purpose.

The Internal Revenue Code (IRC) strictly prohibits an individual from making a QCD to their own donor advised fund. Therefore, individuals wanting to establish or add to their donor advised funds during their lifetimes should use a different asset such as appreciated, mutual fund shares, or cash.

On December 20, 2019, the president of the United States signed the SECURE Act into law. It becomes effective January 1, 2020. The SECURE Act has several positive provisions for your clients, but there are a couple less favorable provisions, including limitations on the “stretch IRA.”

One option for your charitably-minded clients holding tax-qualified IRAs is the use of a testamentary Charitable Remainder Unitrust (CRUT). A CRUT is also known as a “split interest gift” whereby the asset is divided into a stream of income to their heir(s) for a specified period of time up to two lifetimes and a remainder balance that goes to charity after the specified term. We will work with you and your client to establish the intended purpose of the charitable remainder.

Questions?

Nancy Brown, CFRE
President/CEO
[email protected]
507-454-6511

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