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Year end blog

Year End Giving Dates

November 16, 2021

Appreciated stock can be a tax-effective gift. Consider a year end gift of appreciated stock. Your gift of stock, donated directly to the Community Foundation, will not trigger capital gains tax and you will receive a charitable deduction for its current market value. Gifts of appreciated stock must be received by Community Foundation on Friday, December 31.

Gifts of mutual funds must be received into the Community Foundation brokerage accounts on Friday, December 31. Please note gifts of mutual funds may take over a week to complete.

Gifts of complex assets such as real estate, closely held business interests or stock, and planned giving vehicles should be discussed with a member of our development team in the early weeks of December to ensure the Foundation's gift acceptance committee has adequate time for review and approval before year end.

Checks sent via U.S. Postal Service to the Community Foundation must be postmarked on or before Friday, December 31.

Checks sent via carriers such as FedEx, UPS and DHL must be physically received at the Community Foundation office on or before Friday, December 31.

Online credit card giftsmay be made until 11:59 p.m. on Friday, December 31, to ensure timely posting by the credit card company.

Other Reminders

The deadline for processing grants is Wednesday, December 15. Please remember, timing of grants does not impact charitable income tax deduction

Talk to your professional advisor. Before making any significant gift to charity, consult your attorney, financial advisor, CPA, or other advisor to understand the impact on your taxes.

Let the Community Foundation do the legwork. Working with our staff gives you access to extensive knowledge of the local nonprofit community and of the charitable needs of our region.

Contact our development staff to learn more about this stratetgy, or click here to start your donor advised fund online today!CFNEIA development team