Make a Plan – and Include Your Favorite Charities
by SCF Team | May 1, 2025 | Siouxland Community Foundation Blog, Donor Resources |
At some point, you’ve likely recognized the importance of setting up a will, trust, powers of attorney, and taking charge of your financial planning to stay on track with retirement and other wealth goals. If you’re among the many people who have thoughtfully incorporated charitable giving into your financial and estate plans, you’re on the right path.
If you haven’t yet included charitable giving provisions in your will or trust, it’s never too late (or too early) to do so. The Siouxland Community Foundation is here to work with you and your legal, tax, and wealth advisors to establish giving structures that align with your philanthropic goals while also supporting your broader financial and estate planning objectives.
By formalizing your charitable giving, you ensure that your values and commitments live on long after you’re gone. Plus, lifetime giving can be part of a strategic wealth management plan, helping you optimize your financial resources while supporting causes you care about.
The Financial Benefits of Charitable Giving
Incorporating charitable giving into your plan can offer significant financial benefits. Charitable tax deductions may reduce your taxable income, lowering your annual tax bill. Donating appreciated assets like stocks held for over a year can help you avoid capital gains taxes. Additionally, directing funds to charity after your death can help minimize estate taxes.
Three Key Tips for Charitable Giving
As you consider how to formalize your charitable giving, here are three essential tips, all of which the Siouxland Community Foundation can help you achieve:
- Give to What You Know
You’ll experience the greatest joy from giving to causes that you’re personally familiar with. When you understand how a charity is using your donation—such as supporting foster parent training—your gift feels more impactful. The Siouxland Community Foundation team is here to provide insights and help you connect with local organizations making a difference. - Give Where You Are
While global issues often take the spotlight, the most pressing needs are often closer to home. The Siouxland Community Foundation can help you identify local charities that are addressing community challenges and needs. Giving locally allows you to have confidence in how your donation will be used. - Give to the Causes You Love
Supporting charities that align with your personal passions not only feels fulfilling but also makes the biggest impact. Whether you’re focused on education, healthcare, or social services, the Siouxland Community Foundation can help bring your philanthropic dreams to life.
Get Started Today
If you’ve already established a donor-advised fund or other charitable account with the Siouxland Community Foundation—or if you’re considering starting one—our team is here to assist you. We are honored to be your home for charitable giving and look forward to helping you make a lasting impact. Reach out today!
