Advisors – Community Foundation of Greater Greensboro

Community Foundation Announces Philanthropic Leadership Award

Kabrina Shamburger on September 24, 2024

The Community Foundation of Greater Greensboro (CFGG) has awarded estate planning attorney and civic leader with its inaugural Philanthropic Leadership Award. This award recognizes an outstanding professional advisor who demonstrates a deep commitment to philanthropy in both their professional practice and personal endeavors.

Community Foundation of Greater Greensboro: Celebrating 40 Years

Kabrina Shamburger on October 20, 2023

The Community Foundation of Greater Greensboro is celebrating 40 years! Our team was excited to commemorate the 40 years of lasting impact made throughout Greensboro. We wanted to connect with the community to learn about the varying views of the people who make up our diverse community. Over the summer, we spent three days around downtown Greensboro interviewing people about what Greensboro means for them and how they want to see our community grow. With the help of Twin City Media, we set out to capture 28 interviews with 47 influential people from every corner of Greensboro who are deeply committed to making our city a better place for all. We asked everyone five questions to gain insights into their perspectives, motivations, and aspirations for Greensboro. As we discussed their aspirations for the city, the leaders painted a vivid picture of their vision for Greensboro’s future. Many highlighted the importance of bolstering educational opportunities for all residents and bridging gaps in access to essential resources. They are determined to see Greensboro as a thriving hub for culture and creativity, where the arts flourish and innovation is celebrated. Moreover, they envision a city where everyone feels valued, included, and connected, regardless of background. These interviews with our community leaders showcase the passion, dedication, and vision that collectively shape Greensboro’s future. Their commitment to philanthropy and the nonprofit sector reflects the city’s enduring spirit of generosity and unity. Together, they inspire us to envision a brighter, more inclusive Greensboro, a place where dreams are nurtured, opportunities abound, and the community thrives. Watch this inspiring video filmed and produced by Twin City Media featuring CFGG Communications Specialist, Stephanie Surratt.

Benefits of Donor Advised Funds

Holly Holliday on September 16, 2023

Donor advised funds (DAFs) are an incredibly popular way of giving if you want to make a difference, but don’t have enough resources to set up your own private foundation. Here are just a few of our favorite reasons to open a donor advised fund with the Community Foundation of Greater Greensboro (CFGG).

Give however is best for you

Donor advised funds can be opened and added to with traditional methods like cash, credit card, and check. We also even accept stocks, bonds, mutual fund shares, life insurance, and estate gifts!

Our expertise

We vet every requested DAF grant through IRS guidelines to ensure all gifts go to legitimate public charities, big or small, and can even direct grants internationally. You receive reports each time you direct grants as well as quarterly reports on your fund’s balance. Want to make your gifts to charities anonymously? No problem!

CFGG has connections with over 700 local nonprofits. If you’re overwhelmed by the number of charities doing great work in the community, we’re here to help you research and support those that are doing the work you care most about right here in Greensboro – whether that’s healthcare access, environmental causes, or food insecurity.

Tax benefits

You can make tax season easier on yourself by directing all your charitable giving to your Donor Advised Fund, and you’ll only have to keep track of one gift receipt. Then, you can direct your grants to your favorite non-profit organizations at any time of year – no more rushing to make sure you get it all done before December 31 to be eligible for write-offs.

If you have a big year in the stock market, you can eliminate capital gains taxes by donating those shares straight to your DAF. Similarly, if you’re selling a property, business, or other large entity, opening a donor-advised fund with the profits can help manage the tax hit you could otherwise take.

If you donate consistently, you can “pre-pay” multiple years’ worth of donations into a donor advised fund and utilize the tax deduction in a single year. For example, if you usually give $10,000 annually, you can donate five years’ worth to the DAF and claim the deduction for $50,000 in a single year; then, you can direct a grant of $10,000 each year to your charity of choice for the next five years.

Keep it going

We can document your wishes for how you’d like your donor advised fund to be managed after your lifetime – whether that’s appointing a successor advisor or moving your funds to a permanent endowment that will contribute to your favorite causes in perpetuity. Additionally, assets in a fund aren’t subject to estate taxes, so they can help reduce the burden on your family after you’re gone.

DAFs are a great way to set up your family’s next generation to be philanthropic; you can even open donor advised funds for your children or grandchildren.