2022 Year-End Giving

Posted on November 21, 2022

With the end of 2022 fast approaching, here are 5 ways to make a meaningful impact with your year-end giving. 

1. DONATE STOCK 

Donating stock instead of cash to Stark Community Foundation can be a tax-smart move. When you donate stock or other appreciated securities you have owned for longer than a year, you are exempt from paying capital gains tax. Plus, you may be able to receive a tax deduction for the full fair market value of the donation up to the amount allowed by the IRS. 

2. GIVE NOW, DECIDE LATER 

Open a Donor Advised Fund at Stark Community Foundation and receive an immediate tax deduction and have the flexibility to give back to nonprofits when the time is right for you. Your fund also will grow tax-free through wise investing, allowing you to give more as your fund grows. Donor Advised Funds are easy to create, tax-deductible and have no start-up costs. 

3. DONATE FROM YOUR IRA 

Make a Required Minimum Distribution (RMD) from your IRA directly to Stark Community Foundation tax-free. While RMDs can't support Donor Advised Funds or Supporting Foundations, this may be an opportune time to support your favorite charities or areas of interest with a rollover to one of the Foundation's five other types of funds. 

4. BUNCH YOUR DONATIONS 

A popular giving strategy national and local experts recommend is charitable bunching, which is essentially bunching multiple years’ worth of donations into one calendar year to receive maximum tax benefits. 

5. HONOR A LOVED ONE 

A meaningful way to show you care is to honor a family member or close friend by supporting a cause they hold close to their heart, such as education, the arts, mental health or the environment. 


Important Dates and Deadlines 

Grant Recommendations: If you already have a charitable fund with Stark Community Foundation and want to guarantee your favorite organizations receive your generous support in 2022, be sure to submit your grant recommendations by December 26 through the Donor Portal at www.starkcf.org/donor-portal or email give@starkcf.org. 

Stock: Gifts of appreciated securities must be received into Stark Community Foundation's account before the close of business on December 30. Notify Bridgette Neisel at bneisel@starkcf.org or 330-454-7992 to ensure a smooth transfer of these gifts. 

Check: Checks sent through the U.S. Postal Service must be postmarked on or before December 31. Checks sent by FedEx or UPS must be physically received at our office on or before December 30. Credit / Debit Card: Make a gift online at www.starkcf.org/donate with your credit or debit card to an existing fund or new fund. Online gifts must be received by December 31 at 11:59 p.m. to receive a tax benefit.

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