Welcome to Metcalf Money Moment, where hosts Jeb Graham, Ethan Hutcheson, and Eric Wymore explore the world of charitable giving with special guest Annie Burndrett from the Greater Kansas City Community Foundation. In this episode, Annie shares insights into the foundation’s mission, its unique donor-advised funds (DAFs), and how they help individuals maximize their charitable impact while minimizing taxes. Annie explains how charitable giving can be planned around taxable events like business sales or IRA distributions and how strategies like “bunching” donations can help donors take full advantage of tax deductions. They also discuss the power of multi-generational giving and the numerous scholarship opportunities available to support students. Tune in to learn how to make a lasting difference in your community through strategic charitable giving.

IN THIS EPISODE:

(1:04) Shares the purpose of the Kansas City Community Foundation and the different funds they have for charitable giving and philanthropy
(2:50) Tax strategies for the donor-advised funds
(6:35) Preplanning for a taxable event
(8:38) Annie defines the term bunching, designated funds and the hundreds of scholarship funds they have and the service they provide to students
(13:04) Annie describes how to get set up with the Greater Kansas City Community Foundation

KEY TAKEAWAYS:

Donor-advised funds (DAFs) are a powerful tool for tax-efficient charitable giving. High-income earners can maximize tax deductions during their peak earning years by contributing to a DAF, growing those assets, and earmarking them for future giving, such as retirement donations. A common strategy is donating appreciated stock, which avoids capital gains taxes. For instance, if an investment bought for $20,000 appreciates to $100,000, donating it to a DAF eliminates the $80,000 capital gain tax while allowing a deduction for the stock's full fair market value. Contributions can be distributed to charities over time, providing flexibility and maximizing impact.
Bunching is a strategy in which donors contribute more significant amounts to a donor-advised fund in specific years. This enables them to itemize deductions and maximize tax benefits while disbursing funds to charities over multiple years, which can result in significant tax savings and more effective philanthropic planning.
Greater Kansas City Community Foundation offers opportunities for multi-generational giving, where families can continue philanthropic efforts across generations. Additionally, donors can establish scholarship funds to support students, with the community foundation handling all aspects of the fund management and scholarship distribution.

RESOURCES:

Metcalf Partners - Website

Jeb Graham - LinkedIn

Ethan Hutchison - LinkedIn

Eric Wymore - LinkedIn

Annie Burndrett - LinkedIn

To Apply for Scholarships by Community Foundation - Website

Greater Kansas City Community Foundation - Website

ABOUT THE GUEST:

Annie Redlingshafer Burndrett is a Business Development Advisor at the Greater

Kansas City Community Foundation and its national entity, Greater Horizons.

With an asset base of more than $6 billion, the Community Foundation is a national

leader in charitable giving services, providing donors with a best-in-class platform of

charitable tools including donor-advised funds, scholarship funds and other charitable

investment accounts.

In her role, Annie collaborates with financial advisors, wealth managers and other

professional advisors to help them maximize their clients’ charitable dollars and build

charitable legacies across multiple generations.

Prior to joining the Community Foundation team in 2023, Annie was a financial advisor,

guiding individuals and families through their most important financial decisions,

including setting aside assets for charitable giving.

DISCLAIMER:

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

Metcalf Money Moment the Podcast, Jeb Graham, Ethan Hutcheson, Eric Wymore, Financial Education, Wealth Management, Charitable Giving, Retirement Planning, Estate Planning, Investment Management, Financial Strategies, Client-Centric, Financial Planning, Trusted Advisors, Financial Empowerment