More than a dozen non-profit and faith-based organizations were in attendance at the charitable education event, “2019 Landscape for Philanthropic Giving: Enhancing the Ability to Give and Receive.” The event was held on January 23rd at the Landover MD office of the Greater Washington Community Foundation in Prince George’s County. Given the significant decrease expected in itemized deductions and charitable contributions as a result of the new tax laws, those in attendance were eager to learn new methods to help their donors continue to realize tax-related and non-tax related benefits of their philanthropy and charitable giving.
“The Community Foundation works to strengthen the region by inspiring philanthropy throughout our communities. Helping nonprofit and faith-based organizations expand their donor base by using tax-smart tactics is paramount to insuring healthy communities now, and in the future” said Executive Director Desiree Griffin-Moore.
Speaker Lanta Evans-Motte, Financial Advisor with Raymond James in Beltsville MD shared insights on charitable giving trends, potential impacts of the new tax law on donors and charitable organizations, and charitable giving strategies that might help donors reduce their tax obligations.
Corliss Taylor, Vice-President, Raymond James Charitable Development Officer, Raymond James Trust NA flew in from Tampa Florida to share insights on top financial issues for wealthy families and donors, including tax minimization, asset management, estate planning, and philanthropy. She then shared some tax-advantaged approaches to help donors accomplish all four goals and more.
Rebecca Rothey, Vice President of Development & Senior Philanthropic Advisor, The Greater Washington Community Foundation, shared insights on how the community foundation can work with non-profit organizations, their donors, and their professional advisors to help achieve legacy and charitable goals.
“Today’s workshop was phenomenal! I think everyone in the room walked away with at least one idea about how they can apply the wealth of information that was shared,” said attendee, Chery Garnett. As Executive Director of The Ivy Community Charities of Prince George’s County, Ms. Garnett expressed excitement about “the possibility of hosting a workshop for members of my organization and the general public to encourage greater awareness of the various donor giving strategies.”
The charitable education event was the brainchild of Ms. Evans-Motte, who is also an Advisory Board Member of the Greater Washington Community Foundation in Prince George’s County. She and Philecia M McCain, Donor Services Officer for The Community Foundation, organized the event. “Many donors still want to give, irrespective of tax implications so I am committed to helping to educate them about giving in ways that enhance their tax and estate efficiency. In order to continue to flourish, non-profits and faith based institutions need to understand potential tax law impacts on giving and overall giving trends, so they can better support their donor base and better organize their internal operations”, said Evans-Motte.
“Prince George’s County enjoys a very robust giving community and we at The Community Foundation are looking forward to hosting more events and opportunities for residents to support the amazing work of our local nonprofit and faith organizations”, said Griffin.
For more information about these topics, or to be added to our email list to receive invitations to subsequent events, please email or call Elizabeth McCreary, at emccreary@thecommunityfoundation.org or call 301-918-8480 x 164.