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SRQ Daily Dec 25, 2017

Monday Business Edition

Monday Business Edition

"You may want to double what you give, or bunch your giving, to take advantage of the known tax law."

- Roxie Jerde, Community Foundation of Sarasota County

[Philanthropy]  Foundations: Bunch Your Gifts in 2017
Jacob Ogles, jacob.ogles@srqme.com

For many philanthropists, the major time for giving comes not on Christmas Eve but in those last days before a new year. And with significant changes to the tax code expected next year, many are wondering how to approach donations in the final days of 2017.

“People should take full advantage of the current tax code with deductions for charitable giving,” says Roxie Jerde, president of the Community Foundation of Sarasota County. 

She notes that donations of such things as appreciated stocks help donors avoid paying a capital gains tax on those gifts, and based on the uptick in the stock market in 2017, now is a great time to take advantage of that dedication.

Greg Luberecki, director of communications for the Gulf Coast Community Foundation, made the same observation, and also suggested philanthropists consider using donor-advised funds, which allow someone to give a gift and claim a tax deduction this year, but give the money to a charity of choice on their own schedule through grants from the fund.

Regarding changes in the coming tax code, foundations leaders have been studying the coming increase in standard deductions with certain anxiety about what it will mean for giving, mostly because there will be less incentive to itemize donations to claim specific deductions. Both Luberecki and Jerde say they have discussed “bunching” donations, basically giving larger donations at less frequent intervals, to maximize tax benefits while still giving at the same levels to their chosen charities.

“Let’s say you give $5,000 a year to a nonprofit,” Jerde says. “You may want to double what you give, or bunch your giving, to take advantage of the known tax law, and then you have banked your giving for next year so the nonprofit won’t be affected. Basically, you give big to take advantage, and then give every other year.”

Luberecki says donor advised funds can help here as well. “if the donor has the means to make a significant gift this year into a donor advised fund at Gulf Coast, she or he can itemize the deduction and then pay out portions of that gift to the charities they support each year, for as many years as they want,” he says.

While such tactics may create anxiety within nonprofits who like to see money flow in each year, it makes sense on the donor side to maximize tax benefits.

Luberecki says many donors anticipate their taxes going down with changes just approved to the tax code. That’s more incentive to give now. “Some donors say they are looking at giving more this year while they are in a higher tax bracket,” he says.

The other thing to remember if you’ve waited until this week to write your checks? Make sure to keep in mind when the giving counts for 2017. If you hand deliver donations or use a private deliver service, Luberecki says, the gift doesn’t count until it’s in the hand of a charity. But if you send a check by mail with the check dates and the envelope postmarked before Dec. 31, it counts as a gift made in 2017. “Because the 31st is a Sunday this year, you may want to make sure you get them postmarked on Saturday,” he says. 

[Exec Moves]  Ehde Named Interim Director of Manatee County Neighborhood Services Department

Ava Ehde, Manatee County's Library Services Manager since 2011, has been named interim director of Manatee County Neighborhood Services Department. The department includes Probation, Human, Veterans, Healthcare and Neighborhood services divisions and the Public Library System. Former Neighborhood Services Director Cheri Coryea was recently confirmed as a Deputy County Administrator by Manatee County Commissioners. Under Ehde’s leadership, Manatee Libraries has expanded its educational and technological resources and programs at its six locations, with over 1.9 million customers annually using resources. Library usage has soared 85 percent in 10 years. More than 62,000 patrons attended informational and educational programs this year. Also during Ehde's tenure as manager of the library system, Manatee County won the Florida Library Association’s 2013 Library Innovation Award and the 2016 Library of the Year. Ehde received the association’s Librarian of the Year for 2017. Kevin Beach, Library Operations Manager, described Ehde’s influence on Manatee Libraries as transformational. 

Manatee County Neighborhood Services Department

[Exec Moves]  Brooke Chase Places Gregory with BJ Tidwell Cabinetry

Executive search firm Brooke Chase Associates, Inc. has announced the successful placement of Jeffrey Gregory as Chief Operating Officer with BJ Tidwell Cabinetry. Gregory will report to BJ Tidwell President and CEO William J. Tidwell and will assume responsibility for all manufacturing operations. He has an extensive background with both Mid Continent and American Woodmark and excels in both the human and manufacturing sides of operations. As COO, Gregory will be responsible for overseeing all operations, manufacturing strategies and continuous improvement efforts encompassing all of BJ Tidwell’s manufacturing locations. He will lead the efforts for value creation and manufacturing excellence in support of the company’s double-digit growth rate. Established in 1980, Sarasota-based Brooke Chase Associates, Inc. is the premier executive search firm specializing in the recruitment of executive management professionals within the building materials and kitchen/bath industries.  

Brooke Chase Associates

[Best Of SRQ Local]  Cast Your Vote For Best Local Massage!

“The environment is relaxing, there is a range of massage techniques and the therapists are well-trained and caring professionals,” shares Anne Sikkema on Massage Envy, winner of Best Local Massage in last year’s “Best of” Competition. Where is your piece of paradise in town? Vote for your favorite spot to kick back, relax and enjoy a massage in this year’s Best of SRQ Local Reader’s Competition.   

Vote Here!

[SOON]  THEATER: Home for the Holidays , December 26, 8pm

The five young comedians of local group Millenial Fresh are sure to make audiences laugh in this holiday inspired sketch comedy show. Taking place at Westcoast Black Theatre, this event will be a great way to bust your gut for the holidays.

Westcoast Black Theatre , 1646 10th Way, Sarasota

[SOON]  FESTIVAL: New Years Eve Fireworks , December 31, 7:00PM

The 7th Annual New Years Eve Fireworks Celebration at Marina Jack will be bigger and better than ever. Enjoy a variety of entertainment and menu options onshore at Marina Jack along with a sparkling midnight fireworks show. Climb aboard the Marina Jack II for a four–hour celebration dinner cruise, complete with party favors, live music and fireworks on Sarasota Bay. Either way, you are sure to have a sparkling New Year! 

Marina Jack , 2 Marina Plaza Sarasota, FL 34236

[SOON]  MUSIC: An Evening in Mayberry , January 5

The Dillards are a a musical group with a history dating back to The Andy Griffith Show over 50 years ago. Join them for an evening in Mayberry, and have the opportunity to relive musical memories and meet some of the Mayberry friendly faces. Tickets are $22 in advance and $25 at the door.

Fogartyville Community Media & Arts Center, 525 Kumquat Ct., Sarasota

[SOON]  MUSIC: Musical Landscapes , January 6, 7:30pm

See the world from your seat with an evening of musical panoramas. Whitacre's luminous reimagining of the River Cam, which flowed past his window at Cambridge University, features Sarasota Orchestra's own principal cellist Natalie Helm. Hailed for his "energy and enthusiasm," guest conductor Stefan Sanders dynamically guides guests on this matchless musical tour. 

Sarasota Opera House, 61 North Pineapple Ave., Sarasota

[SOON]  GALLERY: Cast, Cut and Cold - Glass , January 8 – March 24

Technically amazing and visually stunning examples of creations by more than two dozen masters of glass art including Peter Bremers, Vadlec Ciglar and Irene Frolic astound in this exhibition. Numerous examples, styles and methods of glass casting and etching are represented in this one-of-a-kind gallery.

Ringling College of Art and Design Gallery, 2700 N. Tamiami Trl., Sarasota

[SOON]  SEMINAR: SMARTgirl Mentorship Summit Call for Applications , January 10

SRQ MEDIA is calling for 6th, 7th & 8th grade girls to find your inner “roar” at the 2018 SMARTgirl Mentorship Summit and Luncheon on Friday, March 16, 2018 from 10:30am-1:30pm at the Hyatt Regency Sarasota.

Explore the possibilities and celebrate every girl’s potential at SMARTgirl. Participants will engage in an innovative program designed to educate middle school girls in 6th, 7th and 8th grades on career imaginings and the tools they need to succeed through mentorship, soft skills training and hands-on workshops with some of the community’s top women leaders.


Hyatt Regency Sarasota , 1000 Boulevard of the Arts, Sarasota, FL 34236

[SOON]  THEATER: Shakespeare in Love , January 10 – March 28

Adapted for the stage by Lee Hall, Shakespeare in Love will offer an entrancing theater production that follows the story of Will Shakespeare, a struggling playwright tormented by writer’s block. To his rescue comes the vivacious Viola, Will’s greatest admirer. But Viola has a secret and Will finds himself star cross’d.

Asolo Repertory Theatre, 5555 North Tamiami Trl., Sarasota

[SOON]  THEATER: The Mountaintop , January 10 – February 18

This performance depicts a fictionalized portrayal of Dr. Martin Luther King Jr. and his last night of his life. With a theatrical imagination, the play gives viewers a window into what went on in the legendary man's life, and what his hopes, vulnerabilities and fears were.

Westcoast Black Theatre , 1646 10th Way, Sarasota

[SOON]  SEMINAR: An Evening With Audrey , January 11, 5:30-8:00pm

Audrey Hepburn (1929-1993) was one of the greatest fashion icons and screen legends in history whose innate style and kindness captivated the world. Pamela Fiori, former editor in chief of Town & Country and Travel & Leisure magazines and six-time published author, presents a portrait of a much beloved woman, award-winnng actress, devoted mother, humanist, passionate gardener and Goodwill Ambassador for UNICEF. Join SRQ MEDIA and WIB Trailblazer Honoree Pamela Fiori for an enchanting evening of sparkling cocktails, conversation and exploration into Hepburn’s luminosity through images, film and stories.

Mildred Sainer Pavilion, New College , 5313 Bay Shore Rd, Sarasota, FL 34243

[SOON]  THEATER: Nine , January 11 – January 28, 2pm, 7:30pm or 8pm depending on day

Guido Contini is a wreck and dreading his 40th birthday, a dread that stifles the easy flow of his creative juices. He runs off to Venice in search of inspiration. In a swirl of present issues, revisiting traumatic memories and grasping at women likes straws, Contini finds himself on the verge of total annihilation.

Manatee Performing Arts Center, 502 3rd Ave. W., Bradenton

[SOON]  BUSINESS: Emily Larned , January 12 – March 17

This exhibition celebrates the ten-year anniversary of Impractical Labor in Service of the Speculative Arts (ILSSA), a social engaged art project founded in 2008 to investigate labor, time, and what we value. A selection from the first ten years of the project will be featured, and ILSSA co-founder Emily Larned will be in-residence in the gallery for the first two weeks of the show.

Ringling College of Art and Design Gallery, 2700 N. Tamiami Trl., Sarasota

SRQ Media Group

SRQ DAILY is produced by SRQ | The Magazine and edited by Senior Editor Jacob Ogles. Note: The views and opinions expressed in the Saturday Perspectives Edition and in the Letters department of SRQ DAILY are those of the author(s) and do not imply endorsement by SRQ Media. For rates on SRQ DAILY banner advertising, please contact Ashley Ryan at 941-365-7702 x211 or at her contact page. To unsubscribe, please click here.

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