News & Event
Even small grants can make a big difference. Just ask the Ritchie County Family Resource Network (FRN). The FRN received a $600 COVID-19 relief grant from the PACF to buy material, elastic, and thread for a community mask-making project.
"Ritchie County had several clothing manufacturing factories in the county in the past. When I put the call out for volunteers, many of them were these same workers," said Pam Ward, Executive Director of the FRN. "By securing these funds, the FRN was able to provide volunteers with the necessary supplies to mass produce the masks. They felt like they were being useful and able to contribute back to the community and to help with the COVID pandemic."
The masks were donated to agencies and individuals in the county, allowing service providers to continue seeing clients and residents to safely get groceries, visit doctors, and undertake other essential activities. The masks will continue to offer protection for months to come
The Coronavirus Aid, Relief, and Economic Security (CARES) Act waived the requirement to take a required minimum distribution (RMD) in 2020. This closely followed the SECURE Act, which recently changed the age for RMDs from 70½ to 72.
The required minimum distribution (RMD) applies to most retirement plan owners over age 72. Because the 2020 RMD was calculated based on the December 31, 2019 value when the markets were at a high level, Congress decided RMDs should be waived for 2020. The 2020 RMD waiver also applies to inherited IRAs. The RMD for IRA owners over age 72 will resume in 2021.<
Fortunately, the IRA charitable rollover is still available for IRA owners over age 70½. While it does not fulfill the 2020 RMD because of the waiver, there are reasons many loyal donors will make IRA charitable rollovers, also known as qualified charitable distributions (QCDs) in 2020.
An IRA charitable rollover is a convenient way to make a gift in 2020. Many friends of nonprofits have IRA balances that have recovered from the March downturn. By fall 2020, these IRA balances may be an attractive source for loyal donors to use for charitable gifts. IRA owners may contact their IRA custodians to arrange a transfer directly to a favorite nonprofit.
Each IRA owner over age 70½ may give up to $100,000 per year in QCD gifts. The gifts are made to public charities for the general fund or a designated purpose. They may not be made to a donor advised fund, supporting organization or life income plan.
The QCD is not included in taxable income so there is no charitable deduction. It is simply a convenient way to support a favorite nonprofit. Many donors have made QCD gifts in past years and will choose to make the same IRA gift this year. In a year when the nation needs all of the services of the nonprofit community to help those in need, an IRA charitable rollover gift is an excellent way to help.
To learn more about making a gift from your IRA, visit our What to Give webpage or contact us at 304-428-4438.
When the COVID-19 pandemic began impacting our region in March and individuals lost employment, many struggled to make ends meet and to provide food for their families.
Fortunately, our region has a strong network of food pantries and feeding programs that rallied quickly to provide support, and the Foundation rapidly deployed grants to help these organizations increase their capacity. For example, the Thrive food pantry stepped up quickly to extend their hours, staying open an additional ten hours per week, and they adapted their services to provide drive-through pick up of food. Through its Hunger Fund, the PACF provided a $5,000 grant to Thrive to help cover increased food and operating expenses. In March, Thrive assisted 259 clients. This number jumped to 628 in April.
"It was really great to see the CRI staff all work together to keep everything going," said Thrive Director Melissa Ogden. "I think one of the most memorable stories would be about the sweet lady who called us in tears scared to go to the store and didn't know how she would be able to get food. We told her that we would bring food to her, so we took her 'order' and food was left at her door. She could not believe that we would do this for her."
The PACF also provided a $4,620 grant from its Hunger Fund to Children's Home Society (CHS) to provide food boxes and cleaning supplies to youth in its transitional living program, which serves young adults transitioning out of foster care. CHS staff worked with local retailers to buy large quantities of fresh meat and vegetables, along with shelf-stable items, which provided these young adults with enough food to create 7 days of meals for their households. One youth was so excited to receive a gallon of milk after not having access to milk for several weeks, that he said, “I could just hug you all!”
"We agreed to an air hug because of social distancing," CHS staff reported, "but with it came a lot of laughter and smiles all because of a gallon of milk, something that most of us likely take for granted in our weekly shopping list."
To support the Foundation's work addressing food insecurity in our region, please donate to the Hunger Fund or contact us to learn more about how you can get involved.
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