Announcing the Hortense and Louis Rubin Community Health Fund at the Community Foundation for the Greater Capital Region

Community Foundation Receives $7.25 Million Gift for Creation of Rubin Community Health Fund; Gift is one of the largest in Community Foundation’s history

**Nonprofit friends: Interested in receiving notices about grant funding opportunities from the Rubin Community Health Fund? Join our e-mail list by clicking here!** The Community Foundation for the Greater Capital Region is thrilled to announce that we are the recipient of an initial $7.25 million gift from the Hortense and Louis Rubin Dialysis Center, which…

Mr. Smith, age 75, has accumulated approximately $2,000,000 in his IRA accounts. He has other sources of wealth and has plans to leave a sizable estate to his heirs and charity. Under this law, Mr. Smith can create a fund at the community foundation to address the causes he cares about most by transferring IRA funds tax free. Mr. Smith can transfer up to $100,000 in 2015. In addition, if Mr. Smith is married, his wife can also make similar gifts from her IRA accounts, impacting the community in ways personal, unique and enduring.

Congress Signs IRA Charitable Rollover into Permanent Law

To make an IRA distribution through the Community Foundation, or to learn more, please call the Foundation at (518) 446-9638. There is good news for Community Foundation donors in their 70s… and for the communities and causes they care about. On December 18, Congress passed the PATH Act, which renews and makes permanent the Charitable…

5 lessons learned exploring best giving practices

From Bruce DeBoskey’s “On Philanthropy” column in the Denver Post: Although philanthropy is a deeply personal and highly individualized endeavor, here are the top five broadly applicable lessons I’ve learned: 1. Look through two lenses… 2. Engage others… 3. Go deep, not wide… 4. Deploy all philanthropically committed capital for mission… 5. Give boldly; start…

Offering Hope This Holiday Season

From the Times Union: As we come to the close of 2014 and the holiday season, we at the Times Union hold great appreciation for the many who have contributed this year to our charity, the Times Union Hope Fund, which is dedicated to helping children at risk in the Capital Region. Since the fund was…

What You Need to Know About Charitable IRA Rollovers in 2014

President Barack Obama has signed House Resolution 5771 into law. Among the other provisions in this bill, the IRS benefit for charitable Individual Retirement Accounts (IRAs) rollover has been extended through Dec. 31, 2014. What does this mean for you? With the charitable IRA rollover, people aged 70½ and older are able to transfer up to $100,000 of…