Coastal Bend Day of Giving
Thirty nine years ago, the Corpus Christi Chamber of Commerce, together with community leaders Cecil Burney, Pat Eisenhauer and Dick Sells launched a public foundation to promote and encourage philanthropy in the Coastal Bend…
Please note that the CBCF office will be closed until further notice. Karen Selim, Tracy Ramirez, Nicole Ross, Alyssa Monette, Lari Young, and Deseree Porche are equipped to work remotely and will be conducting business as usual. The best way to reach them is by email, but phone calls are also being forwarded and answered.
Tax Deduction Update
In CBCF’s fall newsletter, incorrect information regarding the new tax deduction for people who do not itemize was published. The correct information, quoted below and dated December 18, 2020 is taken directly from the IRS website.
“Individuals who elect to take the standard deduction generally cannot claim a deduction for their charitable contributions. However, the CARES Act permits these individuals to claim a limited deduction on their 2020 federal income tax returns for cash contributions made to certain qualifying charitable organizations and still claim the standard deduction. Nearly nine in 10 taxpayers now take the standard deduction and could potentially qualify.
Under this change, these individuals can claim an “above-the-line” deduction of up to $300 for cash contributions made to qualifying charities during 2020. The maximum above-the-line deduction is $150 for married individuals filing separate returns.
Though cash contributions to most charitable organizations qualify, those made either to supporting organizations or to establish or maintain a donor advised fund, do not. Cash contributions carried forward from prior years do not qualify, nor do most cash contributions to charitable remainder trusts. In general, a donor-advised fund is a fund or account in which a donor can, because of being a donor, advise the fund on how to distribute or invest amounts held in the fund. A supporting organization is a charity that carries out its exempt purposes by supporting other exempt organizations, usually other public charities. See Pub. 526 for more information on the types of organizations that qualify.
Cash contributions include those made by check, credit card or debit card as well as amounts incurred by an individual for unreimbursed out-of-pocket expenses in connection with the individual’s volunteer services to a qualifying charitable organization. Cash contributions don’t include the value of volunteer services, securities, household items or other property.”
Mayor’s Disaster Relief Fund
In 2017, Joe McComb established the Mayor’s Hurricane Harvey Fund in order to accept donations and disburse funds for the relief following Hurricane Harvey. This fund has recently been renamed Mayor’s Disaster Relief Fund. focused on assistance to area nonprofits working to meet the demands for critical services during the 2020 COVID-19 Pandemic.
The guiding principle of the Mayor’s Disaster Relief Fund is to assess need in terms of demands for services and the cash on hand of nonprofits focused on food and housing along with the potential to receive state or federal monies, and the overall financial condition of the entity. Should headway be made in these areas through the funding donated, then it is hoped to have sufficient donations to allow the fund to expand into supporting childcare and medical services.
While there are many worthwhile nonprofits providing great services, the fund will support those areas needing the most assistance as long as funding resources are available. You may donate directly to this relief effort by clicking Mayor’s Disaster Relief Fund.
As a community foundation, we are here to support our local community. We recognize the challenges COVID-19 is putting on nonprofits and hope these resources will help you through the relief efforts.
Welcome to the Coastal Bend Community Foundation (CBCF)
We are a tax-exempt, non-profit foundation serving the seven-county region of the Texas Coastal Bend (Aransas, Bee, Jim Wells, Kleberg, Nueces, Refugio and San Patricio). We formed to help donors “pool” their charitable contributions and leverage that giving to benefit worthy causes in the community.
Here you will find information about us and the causes and people we support. You will also find information on applying for grants and scholarships, the benefits of partnering with CBCF and how to become a donor.
The Online CBCF Scholarship application is now open for submission December 15, 2020 through March 1, 2021. Students are encouraged to apply by visiting the Foundation’s website and selecting “CBCF Scholarship Application” from the “Scholarship” drop down menu....
On September 2, 2020 Coastal Bend Community Foundation Board of Directors approved the awarding of $550,000 to 82 nonprofits through our 2020 annual grants process. The grants support general operations of nonprofits in the Foundation’s seven-county service area of...
Coastal Bend Community Foundation Recently Received Reaccreditation with National Standards for U.S. Community Foundations™
Coastal Bend Community Foundation recently received reaccreditation with the nation’s highest standard for philanthropic excellence. The Foundation was also accredited in 2008 and 2014. National Standards for U.S. Community Foundations® establish legal, ethical, and...
Current Coastal Bend Community Foundation Fund Holders
As part of our continuing efforts to provide the best resources to our fund holders, the Foundation is implementing “DonorCentral” – an online portal to facilitate fund access for donors/fund holders. This online portal will provide more immediate access to fund data. It will allow you to view fund balances, obtain fund statements, make grant recommendations (if applicable), and review fund history.
We are pleased to be able to provide this tool. Thank you for your continued support of Coastal Bend Community Foundation and our community.
To access your portal, please click the DonorCentral button.