Feb 5, 2020 | All News
The Otsego Community Foundation (OCF) is accepting scholarship applications for graduating seniors as well as current college students starting on February 4, 2020. A total of 15 scholarships will be awarded, ranging from $500-$1,500. General scholarships, as well as...
Feb 5, 2020 | All News
On January 23 at the annual Gaylord Area Chamber of Commerce (GACC) Awards Celebration, OCF’s Karin Beyer was recognized with the Patti Dobrzelewski Volunteer of the Year Award. The award recognizes a community leader who donates his or her time to Chamber...
Feb 3, 2020 | All News
If volatile market conditions persist, gifts of hard-to-value assets may become popular substitutes for appreciated stock gifts. That’s why we’re keeping a close eye on the IRS’s scrutiny of Form 8283, “Noncash Charitable Contributions,” especially now that the final...
Feb 3, 2020 | All News
Businesses frequently make cash donations to charitable organizations. But what happens to the deductibility of those donations under the state and local tax limitations imposed by the 2017 tax law? This issue continues to be the subject of discussion, but your...
Feb 2, 2020 | All News
A new decade frequently inspires closely-held business owners to start thinking about an exit strategy. Before your business-owner client starts putting out feelers to potential acquirers, be sure to counsel your client about the benefits of contributing an ownership...
Feb 2, 2020 | All News
Don’t miss out on the opportunity to inform your clients about a special provision in the Taxpayer Certainty and Disaster Tax Relief Act, signed into law on December 20, 2019 by President Trump. For cash donations made to public charities that are helping with...
Feb 2, 2020 | All News
Among the changes enacted by the SECURE Act, which became law on December 20, 2019, is a provision eliminating the so-called stretch IRA. This change, which came as a surprise to many wealth advisors, requires that non-spousal beneficiaries of a decedent’s IRA draw...
Jan 7, 2020 | All News
As we enter the first month of a new decade, I can’t help but to think of the reasons I love January. I find myself looking back on the prior year, making tweaks for the upcoming year as well as taking in all the goodness that surrounds us. I like to take what I...
Jan 6, 2020 | All News
Babywearing is the practice of keeping your baby or toddler close and connected to you as you engage in daily activities through the use of one of a variety of types of baby carriers. It is a traditional practice in many cultures that is not widely used by modern...
Jan 6, 2020 | All News
If you made a donation, were a corporate partner, volunteered, or attended Extreevaganza Starry Starry Night, THANK YOU. With your generosity a record $78,000 was raised during this philanthropic evening that benefits the Community Fund of the Otsego Community...
