News & Event
‘Tis the season when many people are considering their year-end charitable giving. It is our favorite time of year at the Community Foundation because we never cease to be inspired by the generosity in our community. This year many are considering the new landscape laid out by the Tax Cuts and Jobs Act (The Act) signed into law in December of 2017 as they determine how and how much they are going to give this year.
Since the passing of The Act we have shared what we believe is the good news for charitable giving. For starters, the reasons people give charitably are many and varied and most often align with a desire to give back and help others. A leading indicator of how much individuals will give is their available discretionary income. That might be the best news of all as the primary motivation for The Act was decreasing the amount of money in the federal government and increasing the amount of money in private citizens hands.
That means people on balance will have more discretionary income to potentially give to charity. And by using one or more of the tax smart strategies laid out in this article—gifting appreciated assets, bunching donations into one tax year and making qualified charitable distributions from one’s IRA—individuals and companies have the opportunity to give even more this year.
Let’s take a look at the main points of The Act that are likely to have the largest impact and how this may affect charitable giving.
The tax benefit is rarely the main reason people support nonprofits in the first place. People give because they want to make a positive difference in the lives of others and in our world. The needs in our community didn’t go away, so your opportunity to care for your neighbor didn’t go away either. And you will likely be able to give just as much to charity as you have in the past and still increase the amount of your income due to the lower tax rates.
Get the most out of your charitable contributions with a Donor Advised Fund, the fastest-growing giving method in the nation. The reasons Donor Advised Funds are so popular are numerous and growing. Here are our top 10 reasons why you should consider using a Donor Advised Fund for your own charitable giving.
To learn more about how Donor Advised Funds can simplify your giving and increase your impact or contact Colleen Hill, Vice President of Development and Donor Services at firstname.lastname@example.org
Dear Friends of the Foundation,
I hope you had a wonderful holiday season and are looking forward to a great year ahead.
I write to you today filled with gratitude and excitement. Over the last few years, you have heard me talk extensively about how the Community Foundation’s work is divided into two parts: building our Community’s Endowment and providing Donor Services.
From 2015–2017, we prioritized the Community’s Endowment side of our work as we engaged in our Today. Tomorrow. Forever. Campaign for our Community’s Endowment. With the momentum of some very generous matching donations, we spent a significant amount of time and energy elevating the important role that our Community’s Endowment plays in the long-term vitality of the Holland/Zeeland area. You all responded in amazingly generous ways that grew our Community’s Endowment by $5 million “Today” and our pipeline of “Tomorrow” estate gift commitments by more than $30 million.
With the campaign wrapped up and with the new Federal income tax law changes taking effect, in 2018 we prioritized the Donor Service side of our work. We spent time with companies, families and professional advisors highlighting the various tools we have to make giving as efficient and effective as possible. We were astounded and humbled by the deep generosity of many in our community as we received close to $20 million in contributions to Donor Service funds here at CFHZ. These gifts ranged in size from $25 to $7 million, and combined with nearly $1 million in gifts to our Community’s Endowment, led to CFHZ’s 2018 contributions totaling close to $21 million. That is more than double our previous high of $9.7 million!
These resources will impact many individuals and nonprofits in the Holland/Zeeland area, and we are honored that many of you chose to partner with CFHZ to help you best achieve your charitable goals.
For me, this record year says two things:
1. Our community is deeply generous and is committed to making a difference in the lives of others and
2. The hard work of so many staff and board members over the last 65 years has made the Community Foundation a trusted partner for many local families and companies.
Nothing inspires me more than having witnessed and felt these two things in profound ways over the last few months. It is a privilege to serve this organization and work with you all!
There was much more that happened during the year, but the above list aggregates some of the highlights from my perspective.
It was an inspiring year here at CFHZ and I want to thank each of you for all that you have done, and continue to do, to partner with the Community Foundation to ensure that the Holland/Zeeland area thrives Today, Tomorrow and Forever.
With deep gratitude,
CFHZ President/CEO Mike Goorhouse is delighted to have Colleen join the staff “Colleen is the perfect fit for this position and I couldn’t be more grateful that she is willing to bring her talents and passion to our organization. With her successful track record of fundraising in this community, her connections with professional advisors and her longstanding personal commitment to our mission, I believe Colleen is going to take the Community Foundation’s development and donor service work to new heights!”
Hill has been involved with the Community Foundation for 10 years and served on the Board and Distribution Committee since 2016. In addition to her service at the Community Foundation, Hill is actively involved in a number of community organizations. She currently chairs the advisory council of Kid's Food Basket – Holland and serves on the board for Center for Women in Transition. Hill was formerly Chair of the Center for Women in Transition’s Forward Together Endowment Campaign, co-chair of the Herrick District Library millage campaign and past board member of the Holland Young Professionals. “It is such an honor to join the amazing team at the Community Foundation. It gives me great joy to know that so many individuals, families and companies have put their faith in the Community Foundation. I consider it a great responsibility to serve and guide donors toward achieving their giving goals.” Hill said. “I have long valued our Community’s Endowment and its ability to respond swiftly to the ever-changing needs of our community and invest strategically in initiatives that will enable our community to thrive today, tomorrow and forever.”
Hill succeeds Ann Query, who served as CFHZ’s part-time Director of Development for the last 18 months. “We couldn’t be more grateful to Ann for helping us out this last year and a half as we finished our campaign and tried to keep up with the increased demand for our services. She has been committed to CFHZ for more than 25 years and her passion for our mission has inspired many to support our work.” says Mike Goorhouse. Prior to joining the staff, Query served on CFHZ’s Board of Trustees for over 15 years, serving as Chair of the Board on two different occasions.
Applications are due by Monday, April 9th!
VIEW THE VICE PRESIDENT OF DEVELOPMENT AND DONOR SERVICES JOB DESCRIPTION
It truly was an incredible night filled with delicious food, great people, and an inspirational program. Together, we celebrated our community's generosity and increased awareness about the exceptional work happening with the Holland/Zeeland Promise Scholarship at our largest event yet!
Special thanks to our guest speakers, Yessica and Rodrigo, who captivated the room with their stories of perseverance and hope.
The Holland/Zeeland Promise began in 2010 as a dream to replicate the Kalamazoo Promise and allow our area's young people to graduate from college or technical school without the burden of crushing student debt.
Since 2010, more than 100 individuals and businesses have supported 47 scholars as they have pursued degrees throughout Michigan. Most donors make four-year "promises" so scholars can be supported all the way through school.
Candidates are nominated by their high school or Careerline Tech Center counselors or organizations such as Upward Bound, the Boys and Girls Club of Greater Holland, or Latin Americans United for Progress.
Selection is rigorous and based on a range of factors including financial need, clear motivation to achieve a college or technical degree, and strong recommendations. Additionally, most Promise recipients are the first in their families to pursue higher education.
Side-by-side support and peer mentoring set the program apart.
The Holland/Zeeland Promise boasts a 93 percent graduation rate, with many scholars choosing to return to the Holland/Zeeland area to work, live and give back.
There are two ways you can support the Promise Scholarship financially. Most donors choose to make a four-year commitment which aligns with the four-year scholarship promise we make to new students. If you are interested in making a four-year commitment, you can do so here. You can also make a one-time gift.
If you want to learn more about CFHZ or the Holland/Zeeland Promise Scholarship, don't hesitate to contact Colleen at email@example.com or 616-396-6590.
Check out the event recap featured in the MiBiz, and the Holland Sentinel News.
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