Generous donors make hundreds of year-end gifts in the fourth quarter – keeping our Donor Services team extremely busy! We sat down with Guy Flynn, Chair of the Development Committee and Dara Schnee, VP of Philanthropy, to talk about this exciting time, how they work together, and how philanthropy has changed this year.
Growing up in Cleveland, Ohio, Bruce Behrens’ family didn’t have the means to be philanthropic. It wasn’t until he moved to Baltimore to work with Alex Brown and later Brown Advisory that charitable giving entered the picture.
BCF’s Board of Trustees elected new officers at the first quarter meeting of 2020. We thank Laura Gamble for her fourteen years of service on the BCF board, including the last four as board chair, and we welcome Tom Bozzuto as our new board chair. We caught up with both of them to talk about the role of the Community Foundation in Baltimore.
Two years have passed since the 2017 Tax Cut and Jobs Act (TCJA) which forced advisors to revisit how clients go about meeting charitable goals. Thanks to TCJA, many clients for the first time in years found themselves filing their tax return with a standard deduction (for 2019, $12,200 for single and $24,400 for married filing jointly).