On July 26th, the Vermont Community Foundation’s Insight Hub hosted a webinar that examined the future of farming in Vermont, including strategies to build new markets and reduce reliance on conventional dairy. Here are some highlights from the conversation and tips for charitable individuals who want to help support a strong and resilient agricultural sector.
According to a Federal Reserve study, only 19 percent of transactions were made with cash in 2020, down seven points from the year before. But when it comes to philanthropy, the cash-is-king mindset is still strong.
So strong that some donors are missing out on an opportunity to give non-cash assets like real estate, publicly-traded stock, and retirement accounts such as IRAs. Moreover, this type of donation can result in a bigger gift for the recipient and a better tax deduction for the donor.
IN THIS BRIEF, DISCOVER:
- A detailed description of giving non-cash assets directly to charities, including the Vermont Community Foundation
- Four real-life scenarios to ground your understanding of the concept:
- Giving with stock
- Giving with real estate
- Giving with a family business
- Giving with retirement funds