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Trends That Inform What Your Clients Are Thinking Even If They Aren't Saying It

Hot off the press, the 2021 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households confirms that wealthy families are as committed as ever to the nonprofit sector and community causes. Of the 1,626 households surveyed with annual income of at least $200,000 or a net worth of at least $1 million (not counting a primary residence), 88% gave to at least one charity in 2020. I…

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What Your Charitable Clients Need To Know Now About Tax Reform

Late last month, the White House released a proposed $1.75 trillion revenue package, putting to rest (at least for now) some of the uncertainty as to how sweeping tax reform could upend wealth planning strategies via changes to top marginal rates, a restructuring of the capital gains tax, and lower estate and gift tax exclusions, all of which have been heavily discussed and debated over the last s…

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Year-End Giving: Repeat, Repeat, Repeat

It's the season for email newsletters hitting your inbox with tips for tax planning. We get it! With so much information flying around for your clients, too, we highly recommend that you cut through the noise and mention three key tax strategies to your clients at least twice, and ideally three times, before late December:  Don’t let clients miss out on the few provisions of the 2020 Coronaviru…

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MetroPlains Management Funds $250,000 into FM Area Foundation

To Support Area Affordable Housing Objectives MetroPlains Management has established a charitable fund, the MetroPlains Management Foundation, at the FM Area Foundation with an investment of $250,000. These funds will support MetroPlains’ geographic, employee and affordable housing objectives by providing educational scholarships, employee matches on donations, as well as many other uses to provi…

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Select Your Perfect Giving Option

Giving to the FM Area Foundation is simple. If at any time you have a question or would like to explore ways to maximize your impact and tax benefits of a particular giving option, our staff is here to help. We accept a wide range of gift options--some for today and others for the future.Make a Gift Today Below are several options for immediately making an outright gift to the community foundatio…

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Planned Giving Starts Now: Tips and Talking Points for Lifetime Charitable Gifts

According to 2020 statistics released in June 2021 as part of the Giving USA report, Americans’ bequests to charity totaled nearly $42 billion last year. That’s a tremendous amount of charitable giving flowing to community organizations from donors after they die. Still, it’s a fraction of the $324 billion Giving USA reports was given to charities in 2020 by living individuals.      As you work w…

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These Three Factors Are a Big Deal in Gifts of S Corp Stock to Charity

S Corporation, or limited liability company? That’s a question many family businesses grapple with in their formative stages. For years, S Corporations were frequently preferred for small businesses that wanted the protection of a corporate structure versus a traditional partnership. In the 1990s, limited liability companies, or LLCs, rose in popularity because they offered both favorable tax trea…

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Proposed Legislation: What's In It For Giving?

The nonpartisan Joint Committee on Taxation’s report issued just a few days ago is already creating a buzz among attorneys, accountants, and financial advisors who provide charitable planning advice to their clients.  Here are four considerations as you navigate the weeks ahead and prepare for the possibility that the legislation may become law. Take advantage of the AGI limitations suspended …

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Donor Privacy: Ongoing Concern For a Common Client Priority

In an era of social media and intense polarization of rhetoric, it’s no wonder so many charitable individuals and families choose to give to their favorite causes anonymously. And, bolstered by the United States Supreme Court’s decision in favor of donor privacy (affirming a position advocated by parties across the political spectrum), this trend is likely to continue.  At the FM Area Foundation,…

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More than Half a Million Dollars Awarded to Local Nonprofits

The FM Area Foundation has awarded its 2021 community grants in the areas of Arts, Culture & Creativity; Basic Human Needs; Community Building; Education; and Women & Children. Also, this year, in partnership with the City of Fargo, $100,000 was designated for grants to New American organizations or to organizations primarily serving Black, Indigenous and People of Color (BIPOC) communitie…

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