We look to partner with individuals and local corporations that are mission driven and understand the value of diversity and inclusion in order to be truly successful.
You have made the generous decision to impact the communities you care about through Philanthropy. So, what should you do to ensure that this decision lives up to your expectations?
Perhaps you are thinking about establishing a private foundation. Have you considered the advantages of partnering with POISE to set up a fund instead of establishing a private foundation? There are several things to consider to ensure that your charitable intentions are realized; and that you are not burdening yourself and your family with the administrative and fiduciary responsibilities of managing a private foundation. Click the link below to learn more.
To comply with the Pension Protection Act of 2006 (HR-4), the Board of Directors at POISE Foundation has adopted a Uniform Procedure for Awarding Scholarships. The Pension Protection Act of 2006 (HR-4) prohibits donor-advised funds from making grants to individuals, including grants to educational institutions for the benefit of selected scholarship recipients. In addition, IRS rulings suggest serious issues regarding roles of donors/fund advisors in the selection process. For more information about the Pension Protection Act of 2006 and the POISE Foundation Uniform Procedure for Awarding Scholarships, please click on the links below.
POISE has been hard at work to implement a new software system that will improve your user experience as one of our valued fund advisors. As part of our ongoing mission to be a supportive, responsive and trusted Community Foundation, this new system will now provide more timely access to important information about your fund. Please visit the link below to learn more and find the link to the portal:
If you are over 70 1/2 years of age and have required distributions from an IRA, you may be eligible to make a distribution to POISE Foundation and exclude that transfer from your gross income. Please consult your financial advisor to determine your eligibility and the related tax savings this may provide you. You can also review the Council on Foundation's detailed analysis of rolling over an IRA distribution. As always, feel free to contact us directly to discuss how this provision applies to you.
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