It is out of a deep sense of gratitude to God that we share the annual impact report of activities of the Catholic Community Foundation for Eastern SD through June 30, 2020. In spite of the challenges brought on by Covid-19, donors continue to support the many charities that they care most about – and…
Author: Ellen Keena
Donor Advised Funds and their End of Year Tax Advantage
What is a Donor Advised Fund? This is a donor-designated fund that gives you flexibility in your charitable giving. Similar to a checking account, but for charitable purposes. After you put funds into the account you can designate any portion to the charity of your choice, and we take care of the rest. Are…
IRA Rollover
Jim and Jackie are members of Sacred Heart Parish/Aberdeen. They have enjoyed supporting their parish as well as the St. Thomas Aquinas Newman Center, as Jackie was a long-time employee of Northern State University. While working they typically made monthly gifts to their parish and their favorite ministry. Upon retirement, the Hansons became aware that…
Bunching Gifts
Some donors may benefit from concentrating, or “bunching” their charitable contributions for potential income tax savings. So what is bunching and how can it provide tax savings? It is concentrating, for example, doubling your charitable giving in tax year one and then not making charitable donations in tax year two. In this way, a donor…
COVID-19 Relief Fund | 10.15.20 Update
The COVID-19 pandemic has had an economic impact on many of our families, friends, and neighbors. While many applicants have actually returned to work, limited hours, substantial decrease in clientele and catching up on the financial strains of the previous months has been difficult. Over the past 27 weeks, the Catholic Community Foundation has received…
Gift of Grain
Today’s challenges have forced us all to adapt in ways we weren’t even sure we could. You can’t control the weather, the markets or the impact of a global pandemic, but you get up every day, go out to those fields and yards and try to make things better than the day before. And you still…