Make year-end giving easier for your clients with these key dates and tips.
The Saint Paul & Minnesota Foundation is here to help your clients with their yearly giving.
No other organization helps donors achieve their charitable goals quite like we do. For decades, we have partnered with advisors like you to ensure that individuals and families have the best tools to support the issues, organizations and communities they care about.
Key 2023 Charitable Giving Deadlines
We’d like to highlight some key dates that may be of interest to your clients as they consider their year-end philanthropic planning. Meeting the deadlines outlined below will help ensure that your clients’ charitable wishes are processed in a timely manner.
Give to the Max Day
Last day to initiate mutual fund transfers
Last day to submit 2023 year-end grant recommendations
Last day to initiate publicly traded stock transfers
Physical stock certificates must reach the office by 4 p.m. on Dec. 29, 2023
Gifts must be postmarked by Dec. 31, 2023*
*Checks received at year-end will be receipted based on the postmarked date on the envelope but will be displayed in the DonorView portal on the date the check is processed in 2024.
Five Year-end Giving Tips
- If your client wants to donate stock or mutual funds to a nonprofit organization, make sure those stock transfers happen early. As many gifts happen at the end of the year, these types of donations can take some time for firms to transfer. Nonprofits must receive gifts by Dec. 31 in order to issue a tax receipt for that year.
- A donor advised fund is a great tool for donors because it gives them the flexibility to support the causes and organizations they care about during their lifetimes. Our team works alongside you and your clients to quickly open up a donor advised fund to expedite the process for their year-end giving.
- Many charitable families come together at the end of the year and talk about their annual giving. You can support this by providing ideas to make giving fun and meaningful, like offering family volunteering opportunities or suggesting a local opportunity to “support a family.”
- You don’t have to be a charitable expert for your clients — we are here to be your philanthropic partner. Our grant team and philanthropic advisors work together to ensure our donors know about organizations in the community doing unique and innovative work.
That’s one of the many benefits of working with a community foundation; we will work with you to help your clients achieve their year-end giving goals.
The Saint Paul & Minnesota Foundation does not provide tax, legal or accounting advice. Please consult your own tax, legal and accounting advisors regarding your individual situation before engaging in any transaction.
Originally published Oct. 1, 2019. Updated Oct. 17, 2023.
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