Year-End Giving Dates
November 21, 2022
As we enter the holiday season and the final days of 2022, the Community Foundation of Northeast Iowa is ready to assist you with your end of year giving and grantmaking.
In order to provide the best possible service for our donors, and ensure your year-end gifts qualify for a charitable income tax deduction in the 2022 tax year, please keep these important dates in mind. And as a reminder, please notify a member of the CFNEIA team if you are making a donation of securities.
Dates and Deadlines
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. Even though stock gifts are typically quick to deliver, we recommend initiating your stock gift by Tuesday, December 20.
Gifts of mutual funds must be received into the Community Foundation brokerage accounts on Saturday, December 31. Please note gifts of mutual funds may take over a week to complete.
The Community Foundation must be made aware of any gifts of grain by Tuesday, December 20.
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 of Northeast Iowa offices must be postmarked on or before Saturday, December 31. Checks must be sent to the address below:
Community Foundation of Northeast Iowa
3117 Greenhill Circle
Cedar Falls, IA 50613
Checks sent via carriers such as FedEx, UPS and DHL must be physically received at the Community Foundation office on or before Saturday, December 31.
Online credit card gifts may be made until 11:59 p.m. on Saturday, December 31, to ensure timely posting by the credit card company.
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.
Year-End Grant Recommendations
Donor advised fund holders may wish to recommend grants as part of year-end campaigns or holiday contributions. For nonprofit recipients to receive grant checks in 2022*, recommendations should be made by 5 p.m. on Thursday, December 15. Donor advised grant recommendations should be made online through our secure donor portal.
*The timing of donor-advised grants has no effect on your 2022 charitable income tax donations since your charitable contribution was made when you contributed it to your donor advised fund.
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. Click here to contact our development staff.
Year-End Office Hours
We will be closed to observe the Christmas holiday on Friday, December 23, and Monday, December 26, but will be available via phone and email business weekdays, Tuesday, December 27, through Friday, December 30, from 8:00 a.m. to 5:00 p.m.
