Navigating Year-End Giving
November 10, 2023
As the holiday season approaches, our minds turn to festive gatherings, twinkling lights, and, of course, the joy of giving. If you're considering making a charitable impact before the year bids adieu, buckle up – we've got some key dates and tips to make your year-end giving a seamless success.
Important Dates to Pencil In:
- December 6 (Wednesday): Transfers of mutual funds may take additional time and should be made by December 6.
- December 21 (Thursday): Gifts of appreciated stock should be made by Thursday, December 21 to be received by December 29. Notify MCF prior to initiating the transfer.
- December 26 – 29 (Tuesday - Friday): The last week of the calendar year! Wire transfers of cash must be received no later than Friday, December 29. We recommend initiating the transfer no later than Friday, December 22.
Why December 29th Matters:
- Gift Settlement Deadline: The 29th isn't just any Friday; it's the end-all for gifts to settle and be considered part of your 2023 contributions. So, if you want your generosity to reflect in the upcoming tax year, this is your magic date.
Proactive Planning for a Stress-Free Experience:
- Kickstart Now: There's no time like the present to start thinking about your year-end gifts. Proactivity is your best friend here.
- Smooth Sailing with Assistance: Worried about the nitty-gritty details? Fret not. We're here to lend a helping hand. Reach out, and we'll guide you through the process, ensuring your charitable gifts not only make a difference but also qualify for that sweet charitable income tax deduction in the 2023 tax year.
Connect with Us:
- Phone: Have a question or just want to chat? Give us a ring at (406) 443-8313. We're here to make the process as smooth as possible.
- Email: Prefer the digital route? Shoot us an email at email@example.com, and we'll get back to you faster than you can say "tax deduction."
In the spirit of giving, let's wrap up the year on a charitable high note. Here's to making a difference and ensuring your generosity shines bright in 2023!