You know your clients. We know philanthropy.

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We are the Winona Community Foundation and we exist to ignite generosity and improve the region we call home! We do this by partnering with generous people and matching them with our unique tools and expertise.

We can work with you and your clients to offer an elevated conversation about giving and generosity to impact our community. Our collaborative approach will allow you to maintain your current client relationships while we provide the most relevant advice that aligns with your clients’ financial priorities.

  • Acquire new clients looking for charitable guidance
  • Deepen existing relationships
  • Enhance your expertise with a community partnership with us

QUESTIONS?

For more information, or to discuss if your project or initiative is the right fit, please contact:

Mandi OlsonMandi Square - Winona Community Foundation
President/CEO
molson@winonacf.org
(507) 454 – 6511

Ways we can Partner with You

We are happy to connect on nonprofit work in the Winona area with you or your clients! We have the pulse on the nonprofit community and can guide clients on opportunities that align with their giving values.

Regardless of your client’s personal direction, the Winona Community Foundation can help you and your client find the best way to have the greatest impact on the causes they care about. The Foundation provides an array of options that can help your client achieve their goals. The Foundation’s staff continually monitors community need. With the knowledge of local nonprofits and programs and more than 30 years of experience with strategic charitable giving, the Winona Community Foundation is your trusted partner.

We don’t just effectively manage a fund; we engage with our fund holders, partner with and inform them of charitable work in the Winona area. We’re the link between you, your client and the needs in the community.

If your clients love the Winona or surrounding area and want to “leave your mark” on the community – we can help create a giving plan whether you want to have a family fund (that your heirs advise) or you want to start a grant program in a specific area or make it easy and do automatic gifts to your favorite charities. The possibilities for legacy planning are numerous!

We have charitable funds that need financial support as well! We can accept cash, stocks, Qualified Charitable Distributions, be named a beneficiary of life insurance or an IRA.

The Winona Community Foundation also stays current on the impact various tax laws may have on your clients’ charitable giving.

Qualified Charitable Distributions (QCD) and Donor Advised Funds: 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.

The SECURE Act and the Stretch IRA: 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.

We are a 501c3 charity ourselves that works to improve the region we represent. We provide broad community support and run our own bi-annual grant program, providing over $100,000 annually back into our community.