Simplify Your Year-End Giving

 

Now is a great time for giving.

When you make a donation by December 31st to the Community Foundation for Brevard, you aren’t just giving money—you’re making a difference in our community. And, by making your charitable gift now, you can take advantage of personal financial benefits resulting in stronger giving and greater impact. It’s a win-win for Brevard County and for you.

Here are some great ways to make the most of your year-end giving:

  • Give now—decide later.
    If you are planning for a charitable tax deduction this year but are undecided about which nonprofits to support, consider opening a donor-advised fund at the Community Foundation for Brevard. You can claim a deduction for contributions to your fund now even though distributions from the fund might be made in future years. A donor-advised fund can be set up in one meeting.
  • Give early and complete your gift by December 31. 
    A gift by check is complete when mailed (postmarked) to the charitable recipient, even if not cashed until the following year. Gifts by credit card are complete when your credit card account is charged. Gifts of stock and real estate are more complex, so be sure to get in touch with us to discuss.
  • Know the organizations you support. 
    While there are many worthy causes, only donations to qualified 501(c)(3) organizations are tax-deductible. If you give through The Community Foundation for Brevard, we will document the status of all nonprofits prior to making a gift on your behalf and can help you identify organizations that are qualified to receive your gift.
  • Review your stocks. 
    If you’d like to make a year-end charitable gift, consider giving appreciated stock. Selling stock will incur capital gains on the appreciation, but if you gift stock, you will receive a charitable deduction for the current market value of the stock—just as you would with a cash gift.
  • Charitable IRA Rollover. If you are 70½ years or older, you can donate up to $100,000 from your individual retirement accounts (IRAs) directly to the Community Foundation, subject to some stipulations that we can explain.
  • Create a giving plan. 
    The Community Foundation for Brevard can help you create a giving plan to help you think strategically about how you give and to what organizations. This ensures that your donations make the greatest impact on the causes you care about while maximizing tax advantages.
  • Let us do the legwork.
    Working with a philanthropic advisor at The Community Foundation for Brevard gives you access to our extensive knowledge of the local nonprofit community and the broad charitable needs of our region so you can stay informed about the organizations you support and the effect your giving will have on the future of our community.

With a wide variety of giving funds – from endowments to advised funds – we provide the most flexible vehicles for your philanthropy and connect you to the local initiatives that matter most.

Happy holidays & all the best for a prosperous New Year!

Questions? Call us anytime at 321-752-5505 or email theresag@cfbrevard.org

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