FCCF Quick Tips For 2019 Year-End Giving
Oct 11, 2019
The “Giving Power” of a Donor Advised Fund
Set up or add to the Donor Advised Fund you established with the Community Foundation for an immediate charitable income tax deduction and provide recommendations for grants to nonprofits. These charitable funds are easy to establish and one of the most tax-advantaged ways to support nonprofits. As a donor-advised fundholder of the Community Foundation, you can work with our knowledgeable, flexible and efficient community impact and philanthropic services staff to find innovative solutions to critical issues you care about — both here in our community and beyond.
Learn more about Donor Advised Funds at the Community Foundation here.
Quick Tip for IRA Owners
If you are an IRA owner over age 70½, you may make a gift from your IRA directly to a qualified charity – including the Community Foundation. The maximum IRA charitable rollover gift is $100,000 per year. An IRA charitable rollover gift can help satisfy your required minimum distribution, reduce your taxable income, and further the work of a charitable organization such as Fairfield County’s Community Foundation.
You can designate your gift to the FCCF Community Impact Fund, our Fund for Women and Girls, The FCCF Center for Nonprofit Excellence (our nonprofit capacity building initiative), and other community impact-focused funds at Fairfield County’s Community Foundation.
Greater Tax Savings With Gifts of Appreciated Securities
Many donors are surprisingly unaware that they can give shares of appreciated stocks or mutual funds and enjoy greater tax savings than with a comparable cash gift. If you have owned the securities for at least one year, your gift will not trigger any capital gains tax, regardless of how much the securities may have appreciated in value over time.
You can use this form to make stock transfers to Fairfield County’s Community Foundation as a gift to our Community Impact Fund, or to your existing Donor Advised or Scholarship Fund.
Year-end planning is an important ritual for many individuals who coordinate their tax preparation and charitable giving. Through creative gift planning, you may be able to do more for yourself with regard to tax planning and for the causes that matter to you.
As always, the staff at Fairfield County’s Community Foundation is here to help you. Whether you have a question about a nonprofit in Fairfield County (or beyond), are interested in establishing a Donor Advised Fund or adding to your existing Donor Advised Fund, or would like to make a specific gift to support our Community Impact work , please don’t hesitate to contact:
Karen R. Brown, MPA, Vice President of Development and Philanthropic Services at KBrown@fccfoundation.org or 203.750.3203.
Scott Hunter, Director, Planned Giving & Philanthropic Services at SHunter@FCCFoundation.org or 203.750.3212.