[JOURNEY IN GENEROSITY | FEBRUARY 2025 | Featuring Rey & Cynthia Almodóvar]
One of the key ways we simplify the process of charitable giving for our donors is by offering a convenient and efficient solution: consolidated tax receipts for all grants made through the Community Foundation. This streamlined approach saves time and reduces administrative burden. By managing charitable giving through a donor advised fund, fundholders can enjoy an organized and straightforward experience, especially during tax season. Our consolidated receipt service allows fundholders to easily track their contributions and ensures that they can claim all eligible deductions. With the Community Foundation handling the details, tax time becomes a stress-free experience, giving our generous donors more time to focus on what truly matters – supporting causes they care about.
SIMPLIFY GIVING:
REY & CYNTHIA ALMODÓVAR
Rey and Cynthia Almodóvar, Community Foundation fundholders since 2012, are a shining example of using a donor advised fund to simplify and manage their charitable giving.
“An effective financial plan and your charitable giving can be accomplished successfully with the Community Foundation. They have proven to be an excellent tool and partner to accomplish an effective year-end tax planning strategy while allowing time for the execution of a well-designed charitable giving plan for the future.”
— Rey and Cynthia Almodóvar
AMPLIFY IMPACT:
ALABAMA SCHOOL OF CYBER TECHNOLOGY & ENGINEERING
By collaborating with the Community Foundation, the Almodóvars are part of our growing network of nearly 400 grantmakers who are dedicated to enhancing the quality of life in the region. Their generous contributions, along with those of other fundholders, provide crucial resources to institutions, like the Alabama School of Cyber Technology and Engineering, which help educate the next generation of innovators and leaders.
“At ASCTE, we are shaping the future of cyber technology and engineering, but we can’t do it alone. The unwavering generosity of Community Foundation donors has provided opportunities that go beyond the classroom… opening doors for students who will one day secure our nation’s most critical infrastructures. More than $700,000 in grants from these incredible donors has fueled innovation, education, and the promise of a stronger tomorrow. But what makes this even more remarkable is the organization behind it all. The Community Foundation doesn’t just support one cause, it strengthens an entire community. Their commitment to being here for good is felt in every corner of our region, and ASCTE is just one of many who have been lifted by their mission. We are profoundly grateful to be part of a community that believes in investing in the future, and we see the impact of their kindness every day in the bright minds walking our halls.”
— PeggyLee Wright, Executive Director, ASCTE Foundation
Rey and Cynthia Almodóvar
