•  Reduce the impact of Capital Gains Tax: Donating appreciated assets such as stocks or real estate before the end of the year can help you avoid or reduce capital gains taxes you might incur if you were to sell these assets. You can receive a tax deduction for the fair market value of the asset at the time of the donation.
  
  
•  Offset your IRA required minimum distribution: Do you need to take your required minimum distribution from your IRA before year end? Consider opening a fund to support a specific organization or cause you care about or contribute to the Community Impact Fund. 

Support Community Needs

•  Help our most vulnerable neighbors: Consider giving to the Foundation’s Community Impact Fund. Donor support augments our annual grantmaking dollars and ensures we’re supporting our most vulnerable neighbors with improved access to housing, jobs and education.  You can rely on the deep knowledge and expertise of Foundation staff to ensure that your gift will be invested strategically in our community and leveraged for greater impact. 

•  Give to critical initiatives: As a fundholder, you can support local urgent needs through the Community Foundation Giving Store, which details requests from nonprofits that may fall outside the Foundation’s annual grantmaking schedule and need support. Projects and funding opportunities range from small to large, but your support can have an immediate and lasting impact.

Involve Your Loved Ones

• Engage your family: At the Community Foundation, individuals and families often tell us about their giving traditions and strategies for doing good. These ideas inspired us to collect and share meaningful and fun philanthropic family activities for the holiday season – from conversation starters to local activities, to age-appropriate books and incorporating charity into your seasonal gift giving– check out our Holiday Philanthropy Guide for inspiration.
  

• Honor a loved one: Thinking about paying tribute to someone important in your life? Consider making an end-of-year donation in honor or memory of a family member, friend or loved one. You can easily do this through the Community Foundation, and it can be a meaningful way to honor or celebrate your loved one, while doing good. If you already have a donor advised fund at the Community Foundation, you may also consider giving a grant certificate to a friend or loved one, allowing them to recommend a grant to a nonprofit of their choice.
   
• Volunteer together: In addition to giving this time of year, you and your family can register to volunteer locally through the Community Foundation's Engagement Center. We have curated holiday volunteer opportunities – from DIY volunteering to onsite volunteering, to in-kind donation requests. Volunteering can be a meaningful way to get involved in the community during the holiday season, but the opportunity (and need) exists year-round.
  

Have questions? Contact VP of Philanthropic Services, Brandon Butterworth at (804) 409-5646 or bbutterworth@cfrichmond.org today. 

Additional Resources

•  Resources for Advisors
•  Six Reasons to Choose a Community Foundation Donor Advised Fund
•  Is IRA Charitable Giving Right for You?
•  Highly-Appreciated Stock: It’s not too late to support charity
•  Get to Know the Giving Store
•  CFengage: Holiday Philanthropy and Volunteering