Tag: required minimum distribution
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Relationships Build Resilience
As a community foundation, GTCF believes the greatest asset any community has is its relationships. When people trust each other, share their knowledge and resources, and show up together, they build resilience to navigate challenges no single organization could face alone. Those relationships are critical for Pierce County right now. Major changes to federal funding and policy are reshaping how local nonprofits, government agencies, and civic institutions ensure enduring > Continue Reading
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Really Making A Difference With A Required Minimum Distribution
With limited dollars and staff, Pierce County nonprofits really make a difference. That’s why Sheri Tonn and her husband, Jeff, chose to make a Qualified Charitable Distribution with the Required Minimum Distribution from their IRA. As a co-founder and long-time Board Member of Communities for a Healthy Bay, Sheri Tonn has seen the impact nonprofits > Continue Reading
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Charitable Giving Incentives From The CARES Act
COVID-19 and the necessary public health measures to address it are having a huge impact on the normal operations of nonprofits and community service providers in Pierce County and across the country. From shutting down operations to the sudden surge in need for vulnerable communities, nonprofits were not able to plan for or prepare > Continue Reading
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An Opportunity for Impact Arrives at Age 72
A GTCF fundholder said, “A lightbulb went off!”, when he discovered a sometimes-overlooked opportunity to support a thriving community available after age 72 . It isn’t traditionally seen as a milestone birthday, but age 72 can be reason to celebrate. That’s when Individual Retirement Account (IRA) holders must begin taking minimum withdrawals annually, known > Continue Reading