Are you looking for tax-efficient strategies for year-end charitable giving? Read our six tips:

  1. Open a Fund: Open a Charitable fund at the Community Foundation with cash. stock, or other assets to receive immediate tax benefits. These funds are excellent vehicles for year-end giving.
  2. Donate Stock: Donate long-term appreciated stock to your donor-advised or other type of fund at the Community Foundation. This helps to avoid capital gains tax. Make your stock gift by Wednesday, Dec. 20 to ensure it counts for your 2023 tax deduction.
  3. Consider different types of funds: Explore the various funds offered by the Community Foundation. We offer donor-advised funds, designated funds, and field of interest funds to meet your specific needs.
  4. Rollover an IRA distribution: If you are age 70 ½ or older, make a qualified charitable distribution from your IRA to certain types of funds, such as designated funds.
  5. Bunch your gifts: If your total deductions are at or under the standard deduction amount for 2023, consider using a charitable fund to bunch your donations. By structuring a large year-end gift to your donor-advised fund, you can surpass the standard deduction threshold to further reduce your 2023 taxes. Recommend grants from your fund to your favorite nonprofits this year and in future years.
  6. Give to our annual fund: Donate to our annual fund to help the Community Foundation provide expert support to nonprofits and philanthropists in our region throughout the year.

Contact us

Contact our team to learn more: Marcia Shackelford, Chief Philanthropy Officer, at or Michael Nuno, Vice President of Philanthropic Services, at