Playing the long game: Encouraging your clients to plan ahead in 2025
by SCF Team | February 11, 2025 | Siouxland Community Foundation Blog, Advisor Resources |
While the rush of year-end giving is compelling, starting charitable planning early in the year— even in January—offers key advantages.
Benefits of a Year-Long Giving Strategy:
- Helps nonprofits meet budgets consistently, ensuring ongoing support for those in need.
- Secures Endow Iowa Tax Credits before funds run out, offering a 25% state tax credit on eligible contributions.
- Maximizes employer matching gift programs while funds are still available.
- Creates predictable cash flow, allowing for proactive support of favorite causes.
- Provides time to research charities and leverage the community foundation’s expertise.
- Encourages family involvement, integrating charitable giving into legacy and tax planning.
- Avoids last-minute pressure for Qualified Charitable Distributions (QCDs) from IRAs for those over 70 ½.
- Allows exploration of complex giving strategies like gifts of business interests or charitable remainder trusts.
We’re Here to Help
The Siouxland Community Foundation is ready to assist in structuring charitable plans that maximize impact and tax benefits. Planning ahead ensures smoother giving, stronger nonprofit support, and a stress-free year-end. Reach out to our team to help your clients make the most of their charitable dollars in 2025.
