The End of the Calendar and Tax Years Is an Ideal Time to Think About the Impact of Your Giving in the Coming Year December is more than just parties, gifts, and resolutions—it’s also the deadline for tax-deductible charitable giving. Tax deductions are important for donors and nonprofits alike: donors reduce their taxable income, and nonprofits receive a bigger slice of the donation. To help you design a smart, strategic plan for your year-end charitableLearn More →

Year-end is an ideal time to think about the kind of impact you’d like to make in the coming year. On top of parties, gift exchanging and resolution making, it is also the end of the tax year – the deadline for charitable giving in order to receive a tax deduction. Tax deductions are important for the donor and nonprofit alike: the nonprofit receives more of the donation since it’s not taxed, and the donorLearn More →

A new Maryland tax credit dubbed “Endow Maryland” will reward donors who help build permanent charitable funds for local communities across the state, including Southern Maryland. Endow Maryland is modeled after successful initiatives established by community foundations across the nation. Starting January 1, 2015, Endow Maryland offers a tax credit for gifts of at least $500 to permanent, endowed funds at qualified community foundations, such as the Community Foundation of Southern Maryland. Qualified donors mayLearn More →

Waldorf, MD – If by Dec. 31, 2013 you will be 70 1/2 and older, you may want to consider making a gift to a charitable fund with a gift directly from your traditional or Roth Individual Retirement Account (IRA) without incurring income taxes today or estate taxes in the future. Called the IRA Charitable Rollover, the provision allows eligible individuals to “roll over” up to $100,000 from an IRA directly to a charitable fund.Learn More →

Are you looking for a gift for the person who has everything? Or perhaps want to give a gift that is more meaningful and maybe unconventional? The Community Foundation of Southern Maryland is kicking off a new program to offer folks an inspiring and convenient way to give while helping to support the invaluable work of nonprofits in our community. Your donations may be in any amount and put in your name, or in honorLearn More →