Throughout the year, Williamsburg Community Foundation works with attorneys, CPAs, and financial advisors to help clients support the charities and causes they care about. Often, those conversations involve gifts of appreciated noncash assets—and this is great because of the potential tax benefits. Appreciated stock may be the first noncash asset that comes to mind, but a client’s portfolio can include …
In 2008, the U.S. House of Representatives adopted a resolution supporting the designation of National Estate Planning Awareness Week, observed each October. You’ve likely heard of this, and you may know that October 19 through 25 is the week in 2026. Chances are, though, you’ve not recently (or ever) looked at the actual resolution. The preamble outlines several reasons why …
Even in a community like Williamsburg, the needs of working families can be easy to miss. For Tim and Amy Harris, one of those – student lunch debt – was an issue they hadn’t fully understood until they came across it on Facebook. “I was surprised to learn that such an issue even existed in our wealthy community.” Tim said. …
You’ve no doubt noticed that Qualified Charitable Distributions (“QCDs”) continue to gain traction as one of the most practical and effective charitable planning tools for clients over age 70 ½. By allowing eligible clients to transfer funds directly from an IRA to a qualified charity without recognizing the distribution as taxable income, QCDs can help reduce adjusted gross income while …
As charitable planning conversations become more sophisticated, many advisors are revisiting so-called “split-interest gifts” to help clients balance philanthropic goals with income needs. Two of the most common strategies—a charitable gift annuity (CGA) and a charitable remainder trust (CRT)—can both provide clients with lifetime income while ultimately benefiting charitable causes. Despite their similarities, the two vehicles function very differently and …
If you’re like many advisors, you may have discovered that often charitable giving conversations begin (and end!) with cash or appreciated stock. And of course, you are well aware that appreciated stock is an excellent choice for your clients to fund a donor-advised or other type of fund at the community foundation because it may avoid capital gains tax while …
June 16, 2026 – This year, the Williamsburg Community Foundation (WCF) is distributing over $300,000 in scholarship support through three different programs that invest in local high school seniors, advance educational equity, and improve access to local healthcare. These scholarships are funded by donors to ensure that students — including some who are the first in their family to attend …
Two local nonprofits are able to do more for women’s health each year thanks to the Karene O’Hare / Bitsy Whitten Ovarian Cancer Memorial Fund at the Williamsburg Community Foundation. The fund awards annual grants to Olde Towne Medical and Dental Center (OTMDC) and Lackey Clinic to support women’s health services, including diagnosis and treatment of ovarian cancer. This spring, …
“Charitable lead trust” is far from a household word, and you might not run across the need for one very often in your practice. They sure do come in handy in certain client situations, though. At the community foundation, we are happy to establish a donor-advised fund or another type of fund to serve as the income beneficiary of a …
For many attorneys, CPAs, and financial advisors, the tax law changes under the One Big Beautiful Bill Act are old news. That is not the case for many of your clients! While you’ve been busy reading dozens of articles and evaluating how the changes will impact your clients, many of your clients are just now learning about the changes, especially …
