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Kim Bowman

Living Generously: Where there’s a will, there’s a way

Living Generously: Where there’s a will, there’s a way 3334 1459 Kim Bowman

Did you know that on average, Americans update their will or trust every seven years? Changes to personal and family circumstances may mean that prior plans are no longer current and need to be updated to ensure that everything is in order as you intend.  
 
Why have a will? A will helps you provide gifts for loved ones after your life. It helps ensure that your wishes will be honored and family and friends will receive the money or property you intend for them. If you have children, a will allows you to name guardians for their care. Whether you have a lot or a little to share, every person has the right to direct how their nest egg is used after their life. Without a will, your property is distributed according to a “one size fits all” state formula that may not reflect your wishes.  It’s never too soon to set your plans in motion.
 
You can also leave a gift in your will for charities you hold dear to support their work in the future, like Way to Grow. Simply state a percentage of the estate or a dollar amount for Way to Grow to receive as your legacy gift. Estate gifts to Way to Grow are deeply appreciated and help ensure that children in the most isolated households are born healthy, stay healthy and are prepared for school, even after your lifetime.      
 
What could be a more meaningful legacy than ensuring brighter futures for all children in our community? 
 
When you include Way to Grow in your estate, you are eligible for membership in Way to Grow’s new Shine Legacy Society. We’d love to hear from you! Please contact us at (612) 767-0425 for more information and a free brochure on planning your estate.

Living Generously: Helpful tax hints for 2020 gifts

Living Generously: Helpful tax hints for 2020 gifts 3334 1459 Kim Bowman

Now is the perfect time to support Way to Grow’s vision to ensure every child has an opportunity to succeed in school and life – and enjoy extra tax benefits for your generosity. 

  • Taxpayers who don’t itemize gifts on their tax returns can receive up to a $300 tax deduction for 2020 gifts.
  • Taxpayers who do itemize can deduct up to 100% of their Adjusted Gross Income (AGI) for gifts made in 2020.
  • With the stock market surging, you may own shares of stock that have grown significantly in value over the years. Gifting stock directly to Way to Grow allows you to avoid paying capital gains taxes in the shares while allowing Way to Grow to utilize the full proceeds toward its vital mission.
  • While those age 70-1/2 and older are not required to take minimum distributions in 2020 from their IRAs due to the CARES Act, you may still make charitable gifts from your IRA. Qualified Charitable Distributions (QCDs) use pre-tax dollars to fulfill gifts to charities, tapping funds already tucked away.  Gifts up to $100,000 per person bypass your federal tax return and are not taxed as income nor deducted as gifts. To make a QCD to Way to Grow, please contact your IRA custodian immediately to ensure timely fulfillment.

If you have questions, Kim Bowman is pleased to assist you at 612.874.4740. Thank you for your great support that changes lives, and puts children and families on the pathway to success.

Living Generously: Counting our blessings

Living Generously: Counting our blessings 2560 1707 Kim Bowman

As we approach Thanksgiving, please know that Way to Grow is counting its blessings and is extremely thankful for the great support we have received this year. Despite the challenges that 2020 has presented to all of us, Way to Grow continues to serve children and families because we have the support of individuals, foundations, and companies. Thank you! 

We hope you’ll consider a year-end gift to Way to Grow! A gift of appreciated shares of stock that you have held for one year or longer can provide you with several tax benefits while supporting our vital mission.

First, by donating shares directly to Way to Grow, you avoid paying capital gains taxes on any growth in the shares.  Plus, Way to Grow receives the full value of the stock tax free, so you effectively increase your gift by up to 20% (max capital gains rate). Secondly, you may deduct the full fair market value of the shares as valued on the date of the gift, reducing your tax burden for 2020. Third, if a particular stock has risen sharply in value, donating shares to Way to Grow helps re-balance your holdings.  

Most importantly, your gift will help ensure that children are born healthy, stay healthy, and are prepared for school.   

For all of these reasons, we hope you’ll join others in discovering the power of donating stock to Way to Grow. To put your gift in motion, simply contact Kim Bowman for assistance at (612) 767-0425. We are here to help!  

What a difference a toy makes.

What a difference a toy makes. 3334 1459 Kim Bowman

Way to Grow has been beyond blessed by the gracious giving of our friends at the Manhattan Toy Company in Minneapolis. Box after box of dolls, rattles, plushies, books, and blocks arrived in our offices. We could not be more grateful and our staff and their families could not have been more thrilled! To have a special doll to hug, when there is so much change all around us brings hope. The children were so excited to receive these wonderful gifts of kindness! Thank you again to our great friends at Manhattan Toy Company

Celebrating Neighborhood Spirit

Celebrating Neighborhood Spirit 1440 2560 Kim Bowman

In 2019, Way to Grow moved into new offices better designed to meet its staffing needs, in the Harrison Neighborhood situated between Bryn Mawr and downtown Minneapolis. Staff soon discovered the Bryn Mawr Market, a family owned and run grocery store that is open 365 days a year.  

“During a visit to Bryn Mawr Market,” says Kim Bowman on the Way to Grow development team, “the owner asked me who I was, because they know everyone who shops there.” She told him that Way to Grow had moved in down the street and shared their mission to ensure children in the most isolated households are born healthy, stay healthy, and are ready for school.   

Doug Anderson, the co-owner and clerk, pointed to a large donation jar on the checkout counter. He said, “We are about to take up a new collection of donations from our customers for a neighborhood cause. The last one was for a neighbor’s medical bills. This time it will be for Way to Grow.”  

Over the years, the Bryn Mawr Market has helped fund neighbors in need over a dozen times, simply by taking up a collection of change from its patrons. When you visit the market, you can see images of previous charitable checks hanging quietly on the wall behind the checkout counter.

Fast forward to August 2020, when Doug Anderson presented Way to Grow with a generous check for $1,142.27.  “This is from our customers. I am so proud of our community and so happy to be here,” said Doug. “And we believe in what Way to Grow is doing.” 

Way to Grow is incredibly thankful for this beautiful expression of neighborhood support from co-owners Doug Anderson, Paul Anderson, and the Bryn Mawr Market and its customers. Thank you, neighbors!

Living Generously: CARES Act

Living Generously: CARES Act 1562 561 Kim Bowman

If you are feeling the call to help others during challenging times, you are not alone.  In times of need, Minnesotans step up!  

Fortunately, Congress is also encouraging our better angels. For 2020, Congress has enacted the CARES Act (Coronavirus Aid Relief and Economic Security Act) to help reduce the financial impact of the pandemic.

Included is a brand new “universal deduction” that allows taxpayers who don’t itemize to deduct up to $300 this year for charitable gifts to charities like Way to Grow. This makes giving even more appealing in 2020 and Way to Grow is thankful to receive donations of all sizes.

For those considering larger gifts, the CARES Act also allows taxpayers who do itemize to deduct their charitable gifts up to 100% of their adjusted gross income (AGI) for 2020 only, reducing and eliminating their tax burden through charitable giving. In a year when charities are working harder than ever to support those in need, a significant gift to Way to Grow is a powerful investment in children and families at a time when they need our support most. Your gift will go to work immediately to ensure that parents are equipped to teach their children, children are prepared for school, and that every child has an opportunity to succeed in school and life.

For more details, please call us at (612) 767-0425 for assistance with your gift.

Living Generously: Estate Planning

Living Generously: Estate Planning 4000 2786 Kim Bowman

As snowy days of March give way to the promise of spring, it may be a good time to review your estate plans to ensure everything is in order as you intend. Changes to our personal and family circumstances may mean that prior plans are no longer current and need to be updated. On average, Americans review their will, trust or other estate documents every 7 years as loved ones pass away, new additions join the family, and as we experience life changes.
 
Why have a will? A will helps you provide gifts for loved ones after your life.  It helps ensure that your wishes will be honored and family and friends will receive the money or property you intend for them. Whether you have a lot or a little to share, every person has the right to direct how their nest egg is used after their life. (Without a will, your property is distributed according to a “one size fits all” state formula that may not reflect your circumstances.)
 
You can also leave a gift in your will for charities you hold dear to support their work in the future, like Way to Grow. Simply state a percentage of the estate or a dollar amount for Way to Grow to receive as your legacy gift. We hope you’ll keep us in mind! Estate gifts help ensure that children are born healthy, stay healthy and are prepared for school. What could be a more meaningful legacy than brighter futures for all children in our community? Donors of estate gifts are eligible for membership in Way to Grow’s new Shine Legacy Society.
 
Your call is encouraged at (612) 767-0425 for more information and a free brochure, “Planning for the Future.”

Living Generously: Joyful Giving

Living Generously: Joyful Giving 2560 1977 Kim Bowman

We all feel it. With school back in session, calendars are filling with autumn activities, sports events, social gatherings as well as charity galas. The pace of life is speeding up and it seems impossible to fit everything in!

In all the hustle and bustle, we hope you’ll take advantage of those opportunities and moments that speak deeply to your values. If you are reading this, Way to Grow’s mission to serve children and families and to ensure that every child has an equal opportunity to succeed in school and life, is important to you. Why not make your gift today, while it is top of mind, to help these families thrive? Way to Grow will put your gift to work immediately for the benefit of families and our whole community.

Or if you’d like to stretch out your gift over 12 months, you can sign up for automatic monthly giving here. That way, you can “set it and forget it” and know that your support for those in need will continue uninterrupted, even as life picks up speed. Monthly gifts also help Way to Grow by providing steady income to support our vital programs. You have our heartfelt thanks for helping to ensure that children in the most isolated families in Minneapolis, Brooklyn Center and Brooklyn Park are born healthy, stay healthy and are ready for school. 

It is said that those who give joyfully and regularly enjoy more happiness and health. Well, here’s to your health!

Living Generously

Living Generously 600 400 Kim Bowman

April brings longer days, more sunshine, and the promise that shirt-sleeve weather is near!  We yearn for blue skies, fresh spring air and recreation in the Land of 10,000 Lakes.

April also brings tax season, when we pull together financial records, review earnings and expenses, get a better sense of how we are doing financially, and plan accordingly. Did you know that spring is also when many people create their first will or update an existing will? 

A will helps you provide gifts for loved ones after your lifetime. It ensures that your wishes are honored and that family and friends receive the money or property you intend for them.  Whether you have a lot or a little to share, every person has the right to direct how their nest egg is used after their life. (Those without a will have their property distributed according to a “one size fits all” state formula that doesn’t reflect personal circumstances.)

You can also leave gifts in your will for charities you hold dear and whose work you want to support in the future through a percentage of your estate or dollar amount. Here at Way to Grow, we hope you’ll keep us in mind! A gift in your will for Way to Grow helps ensure that children are born healthy, stay healthy and are prepared for school. What could be a more meaningful legacy than brighter futures for all children in our community?

For more information, or if you wish to receive a helpful brochure on Planning for the Future, please call us at (612) 767-0425. Thank you!

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