Our Family Tree
Learn about the generous donors who have established charitable funds through Stark Community Foundation.
With 2021 right around the corner, we want to remind you of a few important dates to make the most of your end-of-year grantmaking and maximize available tax benefits for gifts made this year.
If you want to support your favorite organizations before year's end through your charitable fund at Stark Community Foundation, be sure to submit your grant recommendations by Sunday, December 27, 2020. Grant recommendations can be made through the Donor Portal, email or mail/fax. You can still submit grant recommendations after December 27, however, we can't guarantee the organizations will receive your generous support in 2020.
If you are considering creating your own charitable fund through Stark Community Foundation, or already have an established charitable fund with the Foundation, below are some important dates to keep in mind to ensure your gifts qualify for a charitable income tax deduction in 2020.
As a reminder, the Foundation accepts a wide variety of gifts such as cash, stock, publicly-traded securities, mutual funds and IRA assets, as well as facilitates complex transactions like real estate, charitable gift annuities and closely-held assets.
Gifts can be made to an existing fund at Stark Community Foundation or you can create your own charitable fund to support what matters most to you. Charitable funds are easy to create, tax deductible and have no start-up costs. In fact, you can open a Donor Advised Fund online today in less than 5 minutes. To learn more, contact Bridgette L. Neisel, vice president of advancement, at 330-454-7992 or firstname.lastname@example.org.
The CARES Act and Charitable Giving
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains several provisions that incentivize individuals and corporations to give charitably, including:
Smart Tax Strategy: Charitable Bunching
One strategy to consider this year is Charitable Bunching with a Donor Advised Fund. National and local experts recommend this smart tax strategy, which is essentially bunching multiple years’ worth of donations into one calendar year to receive maximum tax benefits. The benefit of bunching with a Donor Advised Fund allows you to receive an immediate tax deduction and give back to nonprofits when the time is right for you through a convenient charitable giving account. Talk to your professional advisor to determine if this strategy makes sense for your situation. Learn more »
Charitable Giving Cards
Charitable Giving Cards are a unique way to strengthen the place we call home while showing your loved ones you care. They work just like retail gift cards, except the recipient can give the value of the card as a donation to his or her favorite cause. Giving cards are tax deductible and available in denominations of $25, $50 and $100. They never expire and 100% of the gift goes directly to the selected charity. Learn more and purchase »