Give Smart: Year-End Giving Tips for 2019

The end of the year is fast approaching. Here are some strategies to consider when making charitable contributions in 2019 and beyond.

  • A Donor-Advised Fund(DAF) is an ideal way to receive an immediate tax deduction, manage gifts to multiple charities, and plan for future giving. A DAF can be created by an individual, family, group or organization to support public charities.
  • Required Minimum Distributions (RMD) from an IRA can be made to ETCF and used to create a designated or scholarship fund. If you are 70 ½ or older, you can donate a portion or all of your RMD to help reduce possible tax burdens.                                                                                                                                                                    

 

A Gift of Appreciated Assets is one of the most popular non-cash giving techniques. With this year’s stock market gains, many taxpayers may have substantially appreciated investments that would be ideal for creating a charitable fund at ETCF.

 

2019 year-end deadlines:

  • Gifts of appreciated stock should be initiated as soon as possible by notifying your Professional Advisor. Stock donations must be received into ETCF accounts by 5:00 p.m. on December 31, 2019.
  • Checks sent via the U.S. Postal Service or carriers such as FedEx, UPS and DHL must be postmarked on or before December 31, 2019.
  • Qualified charitable distributions from your IRA must be received by 5:00 p.m. on December 31, 2019.
  • Wire transfers must be received by 5:00 p.m. on December 31, 2019.
  • Credit card donations may be made online at any time before midnight on December 31, 2019.
  • Gifts of Complex Assets? Please contact our office at 903-533-0208.

2019 Holiday Schedule:

Thursday, November 28 – closed
Friday, November 29 – closed

Tuesday, December 24 – closed
Wednesday, December 25 – closed

Tuesday, December 31 – closing at 5 p.m.
Wednesday, January 1 – closed

Call today to make an appointment to meet one-on-one with Beth Filla, our Donor Relations Specialist, to learn more about donor-advised funds as well as other options for meeting your charitable giving goals.