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Making Tax Reform Work For You: 6 Charitable Moves to Consider Before Year-End

Date: December 7, 2017 By Stephanie Calway Category: Blog Category

By Stephen Korving, CFP, Co-Founder of Korving & Company, SEVACF Board of Directors The potential tax changes in the proposed Tax Cuts and Jobs Act (TCJA) are extensive and far-reaching.  Given that the House and Senate versions are not identical, there is no way to predict precisely where it will go.  However, the proposal does raise the standard deduction, which means that going forward taxpayers will need to provide more itemized deductions in order to receive the tax benefit of excess deductions.  You might want to consider these six charitable...

Story of Impact: Grant Helps Dancers and Cheerleaders Earn Trip to Disney

Date: March 7, 2017 By Stephanie Calway Category: Blog Category

It's almost a right of passage for many children to visit Disney World in Orlando. But for youngsters of modest means, seeing Mickey and Minnie in their "natural"  surroundings is not in the cards. You have to earn it, and 16 Portsmouth girls ages 7-16 have done just that and will be jetting to the land of Epcot and the Magic Kingdom later this month hoping to bring some glory back to their hometown. The youngsters are members of the Cavalier Manor Dance and Cheerleading Squads. For several years they...

Two Great Ways to Give to Charity and Save on Taxes

Date: December 7, 2016 By Stephanie Calway Category: Blog Category

By Stephen Korving, CFP at Korving & Company, LLC, SEVACF Board of Directors With year-end tax planning taking shape for many of us, the Southeast Virginia Community Foundation (SEVACF) would like to suggest two ideas for donating to charity that could save you additional money at tax time. The first idea is to donate appreciated stock from your taxable accounts.  Such stock donations actually get double tax savings.  Not only do you get to deduct the full market value of the donation thereby reducing your taxable income, but the donation...

Support SEVACF Through AmazonSmile!

Date: November 30, 2016 By Stephanie Calway Category: Blog Category

AmazonSmile is a simple and automatic way for you to support the Southeast Virginia Community Foundation. As your Community Foundation, we encourage you to shop locally whenever possible.  When you choose to shop at smile.amazon.com, you’ll find the exact same low prices, vast selection and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to the Southeast Virginia Community Foundation! How do I shop at AmazonSmile? To shop at AmazonSmile simply click here. The first time you visit the site,...

Our Community Rocks…Sometimes Technology Doesn’t

Date: May 31, 2016 By Stephanie Calway Category: Blog Category

First, we would like to take a moment to thank the entire Hampton Roads and Eastern Shore community – especially the many nonprofits, donors, volunteers, sponsors and businesses that make Give Local 757 possible.  In spite of technical issues, Give Local 757 broke another record receiving 7,751 gifts totaling more than $600,000 for 223 local nonprofits, a 40% increase over last year. It takes a small village to host an event like Give Local 757 and when the national giving platform, KIMBIA, experienced monumental technical issues, our region pulled together,...

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