Dear Professional Advisor,
Continuing developments in the financial markets, and consequent U.S. government efforts to address the resulting market conditions, may have our donors feeling uncertain about investment results in charitable funds they have established at The East Bay Community Foundation.
We at The East Bay Community Foundation continue to work with our primary investment manager, Russell Investments, to assure that there is the best possible oversight over our investments in the Foundation's three investment pools - Capital Preservation, Balanced and Growth.
The East Bay Community Foundation remains committed to investing charitable capital in a careful manner, and continues to appreciate your partnership in making the East Bay a better place.
As always, we hope this newsletter brings you up-to-date on important issues and upcoming events.
Sincerely,
Nicole Taylor
President & CEO
|
EBCF to Honor Legacy Donors
Over the years, the East Bay Community Foundation has been fortunate to receive many charitable gifts through the wills and trusts of generous individuals in our community. The Foundation has used these gifts to carry out the donors' varied wishes - providing continued annual support to beloved institutions, developing capacity within a donor's favorite field of interest, or helping the Foundation carry out its work in the community.
On November 12, 2008, the East Bay Community Foundation will honor those who have made such gifts in their estate plans with a special Legacy Luncheon. This annual event is our small way of saying "thank you" for thinking of our community and for planning to continue your support into the future.
If your clients have made such a gift to the East Bay Community Foundation, please make sure that we are aware of it so that we can include them in this special event as well as other activities throughout the year.
For more information about this event, or to inform the East Bay Community Foundation of a planned legacy gift, please contact Sara DuBois at sdubois@eastbaycf.org or 510.208.0817.
back to top |
Resources for You and Your Clients
There's no single formula to determine when and how to speak with clients about charitable giving. And there is no easy answer on how to get clients' children more involved with their philanthropic endeavors.
The East Bay Community Foundation is pleased to be your resource, and has recently completed two new fact sheets - "Talking with Clients About Giving", and "Doing Good Together: Family Philanthropy" - to address these common issues.
For more information or for copies of these new fact sheets, contact Sara DuBois at 510.208.0817 or sdubois@eastbaycf.org.
back to top |
13th Annual Advanced Estate Planning Symposium:
Tuesday, November 4, 2008, Noon - 5:15 p.m.
Round Hill Country Club, 3169 Round Hill Road, Alamo
Presentations on:
Estate and Gift Tax: New Matters; Preparer Regulations: Analysis of Proposed Section 6694 Regs; Donating Real Estate to Charity; Use of LLCs and Limited Partnerships in Estate Planning; Income Tax Issues of Trusts.
For more information, contact: Soco Davenport at 925.926.0189
Registration: $120
Register online at www.calcpa.org/EB
Sponsored by The East Bay Chapter of The California Society of CPAs, Mechanics Bank, the East Bay Community Foundation, and the John Muir Health Foundation.
Professional Advisor Seminar: Self-Dealing and Private Foundations - Successfully Navigating the Swamp
Thursday, November 20, 2008
Seminar 4:00 - 5:15 p.m., Reception 5:15 - 6:00 p.m.
East Bay Community Foundation Conference Center
353 Frank H. Ogawa Plaza, Oakland
East Bay Community Foundation and Mechanics Bank are pleased to present this seminar for professional advisors. Please join us as Betsy Buchalter Adler and Ingrid Mittermaier, principals at Adler & Colvin, discuss the federal and state self-dealing rules for private foundations.
Topics will include:
- the estate administration exception
- shared space and staff
- advice for benefit events, travel, and compensation
- practical planning tips to help your clients avoid self-dealing
For more information or to register, contact Sara Tarano at the East Bay Community Foundation, 510.208.0819 or starano@eastbaycf.org.
back to top
IRA Charitable Rollover
The U.S. Congress is once again considering extension of the Individual Retirement Account (IRA) Charitable Rollover. The Senate and the House have both approved separate bills which provide hope for an extension in the near future.
The rollover was a tax incentive in effect in 2006 and 2007 permitting those 70½ and older to donate up to $100,000 from their IRAs and Roth IRAs to public charities without counting distributions as taxable income.
The Senate approved a broad tax package (H.R. 6049) on September 23rd that would extend several expired tax provisions, including a retroactive, two-year extension of the IRA Charitable Rollover through December 31, 2009. On September 26th, the House approved H.R. 7060, which includes an identical IRA Charitable Rollover provision.
Disagreements over whether the cost of the provisions should be offset with tax increases, as well as the lack of uniformity of the underlying bills, make the future of the proposed extension uncertain.
A coalition of non-profit organizations and charities continues to advocate on behalf of restoring the rollover.
back to top |
|
The East Bay Community Foundation has new strategies to help trigger significant change for those most in need in Alameda and Contra Costa counties.
An important part of our new course is support for young children to succeed. When children are successful in pre-school up to the third grade, they have the foundation to complete a solid education. And that means economic opportunity as they reach adulthood. For details, click here.
Economic opportunity is crucial for stable and thriving adults, families, and communities. Alongside our work supporting children to succeed, is our work advancing economic opportunities for adults and families -- particularly those with barriers to achieving employment and financial stability. For details, click here.
Our attention-getting research on communities in the East Bay synthesizes 58 studies, enabling us to be a source of intelligence on demographics, family self sufficiency, early child care, education, health, and crime and public safety. To see it, click here.
With our commitment to 2020 for helping young children succeed and for the economic advancement of individuals and families, we're breaking the mold. Hear why National Public Radio got interested in our commitment - and our solutions - by clicking here.
back to top |
Your Client's Dream, Our Job #1
When a donor came to us wanting to build a program to support school gardens and related academic instruction - to make 1,000 flowers bloom and to teach students about gardening and horticulture at the same time - we said: "Certainly."
In less than a year, we partnered with our donor to create and carry out a sizable program that helped schools in the East Bay create "educational" gardening programs in accord with his plan.
The fund of this donor - who wishes to remain anonymous - makes grants to selected schools in order to help sustain and grow existing school garden programs integrated with academic instruction, the school community, and the surrounding neighborhood. Grants are made to public elementary and middle schools in Oakland and Emeryville of up to $10,000, with an opportunity to apply for one additional year of funding at the same level.
The fund is intended to assist schools serving primarily low-income students or neighborhoods and with existing gardens at least two years old.
While the East Bay Community Foundation's own grant making is focused on our new priorities of ensuring young children are prepared to succeed in the education system and on advancing economic opportunity for adults and families, we still provide the same, personalized service to our fund holders aimed at helping them achieve their personal philanthropic goals.
We're here when you need us.
back to top
|