Opportunities for Strategic Giving Amid Community Need - Heritage Wealth Advisors

With the potential for disrupted November payments from Supplemental Nutrition Assistance Program (SNAP), approximately 42 million individuals nationwide may experience increased food insecurity.  

This shift follows the implementation of the “One Big Beautiful Bill,” which introduced stricter work requirements and modified eligibility for many groups. Combined with the effects of the federal shutdown, these changes are contributing to heightened strain on food access programs as the holiday season approaches. 

The ripple effects are already visible. During a recent discussion with Aaron McClung of FeedMore, Central Virginia’s regional food bank, he noted a growing demand for services and a need for expanded support. FeedMore is increasing distribution capacity, sourcing additional food, and coordinating with local partners to meet community needs during this period of uncertainty. 

Planning Opportunities: Charitable Giving Strategies 

For individuals considering year-end giving, this environment highlights the value of strategic philanthropy. There are several effective ways to make charitable gifts that also offer potential tax advantages: 

• Cash contributions: Simple and immediate, cash gifts can be made directly to qualified nonprofits and are deductible up to 60% of adjusted gross income. 

• Gifts of appreciated securities: Donating long-term appreciated stock or mutual fund shares allows you to avoid capital gains tax while taking a full fair-market-value deduction, typically up to 30% of adjusted gross income. 

• Qualified Charitable Distributions (QCDs): Individuals age 70½ or older can make direct transfers – up to $108,000 per year – from an IRA to a qualified nonprofit without recognizing the distribution as taxable income. This can satisfy or preempt Required Minimum Distributions (RMDs), which currently begin at age 73. 

Together, these strategies can help donors make a meaningful impact while aligning charitable intent with broader financial planning goals.  

Broadening the Impact 

While food banks like FeedMore play a vital role in addressing immediate community needs, they represent just one of many organizations working to improve economic stability and access to resources. Donors may also consider educational, housing, or workforce development nonprofits, or other causes that reflect their personal values and long-term vision. 

At Heritage, we are committed to helping clients explore thoughtful giving strategies that align with both their philanthropic interests and financial objectives. Whether identifying local organizations to support or integrating charitable giving into your overall plan, our team is pleased to help you give with purpose and impact this season and beyond.