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Category: COVID-19

CARES Act for Nonprofits and Donors: What We Know So Far

Giving well in these unprecedented times is both essential for our communities and requires planning. The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides both tax incentives for charitable donations in 2020 and funding, both loans and essentially grants, to nonprofit organizations. Susan Jenevein, Director of Tolleson Philanthropy Services, and Darren Moore, nonprofit organizations […]

Tips to Avoiding Fraud & Scams

With many communities practicing social distancing measures, daily habits are changing to adapt to a new normal. You may find yourself spending more time on personal devices or communicating online to connect with family and friends. Criminals are also adapting their habits around current events, finding new ways to steal your information. We recommend a […]

How Can I Help?

Many people are wondering how they can help our communities in this health and economic crisis.  Tolleson Wealth Management’s Philanthropy Services team is continuously communicating with local and national non-profit agencies and service providers who are providing emergent response to the COVID-19 pandemic and the resulting economic consequences to businesses. The team has compiled information […]

Summary of Recent IRS Communications

As is true for many areas of our lives these days, new tax developments are emerging daily. Below is a quick recap of the tax news most likely to impact our clients. Tax Return and Payment Deadlines: As of March 27, the IRS has deferred the deadline for all income and gift tax returns and […]

Tolleson Private Bank Branch Closure

To our valued Tolleson Private Bank clients, our concern for how the COVID-19 outbreak has affected you and your family is paramount and on our minds. We are taking extensive steps to protect our employees, our clients, and our communities. In an effort to comply with local recommendations around social distancing, Tolleson Private Bank will […]

A Message to Clients Regarding Operations

As we learn more about the local developments of the COVID-19 virus, we want to promote social distancing to protect the safety of our Tolleson Wealth Management team. As a result, we have asked most of our staff to work remotely beginning today (Tuesday, March 17). We will continue to operate in this manner through […]

A Message to Our Clients

Like you, we are monitoring the daily developments around the spread of the COVID-19 virus. While we have not experienced any issues to date, we are taking the appropriate steps to be fully prepared if that changes. As the situation evolves, our priorities are: The health and safety of our employees and client families; Continuous […]

Relief Resources for The Coronavirus Outbreak

We recently posted about the Coronavirus (Covid-19) and the public fear that has affected the financial markets. Historically, viruses like this cause widespread human and economic impact until outbreaks are better controlled. Recently, the World Health Organization (WHO) declared the Coronavirus a Public Health Emergency of international concern, with nearly 90,000 cases confirmed – mostly […]

Investment Update

Fears from the spreading Coronavirus caused turmoil in the financial markets last week. The S&P 500 dropped 11.5% and is now down 8.5% for the year. Non-US stocks fared slightly better, with the MSCI ACWI-Ex US down slightly more than 8% for last week. While losses of this magnitude are normal over the course of […]