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Whidbey Community Foundation Provides Bridge Loan to South Whidbey Commons As Part of Its New Impact Investing Initiative, Helping to Reinvigorate a Langley Favorite

South Whidbey Commons Cafe & Books (the Commons), a 501(c)(3) nonprofit located in downtown Langley on Whidbey Island, recently received a bridge loan from the Whidbey Community Foundation (WCF) as part of WCF’s new impact investing initiative. With the bridge loan, the Commons is building a bold new vision for its café, gathering space(s), workforce development program, and the organization as a whole.

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The Whidbey Affordable Housing Fund

Whidbey Community Foundation is pleased to announce a new partnership with JADE Craftsman Builders in creating a field-of-interest fund for the community—the Whidbey Affordable Housing Fund. To start, this fund will make grants to nonprofit organizations working on affordable housing on Whidbey Island. JADE made the first donation to the new fund.

People who live and work on Whidbey are facing increasing challenges in finding affordable housing. When teachers, restaurant workers, farmers and so many others struggle to afford a place to live on the island, it affects the entire community.

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Tips For Serving Clients Who Love Local

Your charitably-minded clients certainly have no shortage of options for their philanthropic dollars. Many clients use their donor-advised funds, for example, at Whidbey Community Foundation to support favorite charities across the country, including alma maters, organizations in the communities where they’ve lived in the past or have a second home, or charities in communities where their grown children are now living.

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What Happens When I Leave a Bequest to My Fund at Whidbey Community Foundation?

Many donors and fund holders at Whidbey Community Foundation have updated their estate plans to leave a bequest to their donor-advised or other type of fund.  Some bequests take the form of a “specific bequest,” which means that the fund at the community foundation receives a specific amount of money from the donor’s probate estate or trust.

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FAQs: A Snapshot of Clients’ Tax-Time Charitable Giving Questions

The year is in full swing. Attorneys, accountants, and financial advisors are asking clients to start gathering tax documents and related paperwork for 2023 tax returns and 2024 planning. Now is a good time for advisors to review a few basic tax principles related to charitable giving. Here are three questions that are top of mind for many advisors, along with answers that can help you serve your clients. 

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