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 …
March 12, 2026 – Today, the Williamsburg Community Foundation awarded $131,600 in grants to 30 local nonprofits serving greater Williamsburg. While individual grants are modest in size, their reach extends across Williamsburg, James City County, and York County. Grants support programs that help children succeed, expand access to the arts, improve health and wellness, protect the environment, support older adults, …
February 25, 2026 – As it enters the second year of its three-year strategic plan, the Williamsburg Community Foundation has elected new board officers and trustees whose experience reflects the evolving challenges and opportunities facing Williamsburg, James City County, and York County. “We are fortunate to have leaders who understand this community from many angles,” said Melinda Morgan, WCF’s board …
We are honored to work with attorneys, CPAs, and financial advisors to help clients turn generosity into lasting impact. Of course, as you work with your charitable clients, you routinely determine the best way to incorporate philanthropic intentions into wills, trusts, and beneficiary designations. But how frequently do you document clients’ charitable intentions explicitly as part of incapacity planning? Sadly, …
