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The Community Foundation Blog


Year-End Giving Strategies and Reminders
By The Community Foundation / November 26, 2019
Year-End Giving Strategies and Reminders

With just one month remaining in 2019, we want to share tips for maximizing your year-end giving and tax-planning. If we can be of service to you or your client, please contact a member of our philanthropic services team.

Giving Appreciated Securities

Gifting appreciated securities is one of the best ways to add to your fund. You can avoid capital gains tax when gifting stock that has appreciated for more than a year. You can easily transfer stock to the Community Foundation’s SunTrust account, or if you are transferring mutual funds, please use our Schwab account noted below. Be sure to notify your philanthropic advisor with the name of the security and the number of shares you are transferring so we can look out for your generous gift and thank you appropriately.  

Securities

Direct your stock transfers to: 
DTC Participant #2039
SEI Private Trust Company
For Further Credit:  SunTrust Bank Account # 11188
Community Foundation Gift Clearing Account # 7014058

Mutual Funds

Direct your mutual funds to:

DTC Participant # 0164 (Code 40)
Schwab account # 8766-6646
The Community Foundation, Inc.

Bundling Gifts and Donor Advised Funds

Consider gifting several years of charitable giving before year-end to a donor advised fund. This may allow you to itemize tax deductions in a given year, while taking the standard deduction in future years. This can be a tax-advantageous way to plan your philanthropy. From the donor advised fund, you may then regulate your charitable giving to provide consistent annual gifts to nonprofit organizations. Read more about the advantages of bundling gifts here.  

Qualified Charitable Distributions and IRA Gifts

Beginning at age 70 ½, you may use your IRA Required Minimum Distribution (RMD) up to $100,000 to give directly to charity tax-free, allowing you to give more to your favorite charities and possibly minimize your taxes. Consider creating or adding to an endowed designated fund with your qualified charitable distribution that will benefit your favorite nonprofit organizations annually. Unfortunately, current law does not allow you to donate a qualified charitable distribution to a donor advised fund.

You may also create a field of interest fund to support a cause important to you or contribute to any of our existing funds established to support our four priority areas deemed essential to the long-term health and vibrancy of our region. Click the links below to learn more about each of these priority areas and the impact of a gift. 

Gifts by Check or Credit Card

Our staff is ready to help you complete your year-end charitable giving and will be available to provide answers and process transactions until the last day of the year. Our offices will be closed on Tuesday, December 24 and Wednesday, December 25 but will be open during regular business hours December 26, 27, 30 and 31.

While you will receive credit for gifts made to the Community Foundation in 2019, our high volume of year-end gifts may delay check processing until early January. 

  • Checks sent via the U.S. Postal Service to the Community Foundation must be postmarked on or before December 31, 2019, while checks sent via carriers such as FedEx, UPS, and DHL must be physically received on or before December 31, 2019.
  • Online credit card gifts can be made until December 31, 2019.
To contact a member of our Philanthropic Services team, click here.
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