H. Wayne & Edna M. Schultz Scholarship Fund
We are saddened to hear of the passing of Edna M. Schultz. Edna created the H. Wayne & Edna M. Schultz Scholarship Fund with BCF to reflect her husband’s commitment to pharmacy education, and we are honored to carry-out their legacy and support their philanthropic wishes. Our thoughts are with her family during this time.
New Law Makes IRA Rollover Permanent
Individuals age 70 ½ and older may immediately make IRA Charitable Rollover gifts up to $100,000 per year without incurring tax on the withdrawal. This benefit is available to all taxpayers regardless of whether they itemize their deductions.
For years, estate planners have recommended that retirement assets may be the most tax-effective asset in larger estates to distribute to charity. These assets are not only vulnerable to heavy taxation as part of an estate but also can be taxed again as income in respect to a decedent on the tax returns of heirs.
BCF’s 2016 Competitive Grant Cycle is open!
We are excited for our 2016 Competitive Grant Cycle for all Benton County public charities and surrounding area charities that serve Benton County residents! Application information is now available, and grant applications will be due April 18, 2016. If you received a grant from BCF in 2015, please attach your 2015 Impact Report to your application.