CHARITABLE GIVING CHECKLIST - 2018

  • Bundle Up! Give now—decide later.
    If you are planning for a charitable tax deduction this year but are undecided about which nonprofits to support or want to utilize a tax deduction to support future charitable giving, consider opening a donor advised fund at the Vermont Community Foundation. You can claim a deduction for contributions to your fund now even though distributions from the fund might be made in future years. A donor advised fund can be set up in one meeting.
  • STOCKing Stuffers.
    If you’d like to make a year-end charitable gift, consider giving appreciated stock. Selling stock will incur capital gains on the appreciation, but if you gift stock, you will receive a charitable deduction for the current market value of the stock—just as you would with a cash gift.
  • Charitable IRA Rollover.
    If you are 70½ years or older, you can donate up to $100,000 from your individual retirement accounts (IRAs) directly to a designated or field of interest fund at the Vermont Community Foundation (some restrictions apply).
  • Let the Vermont Community Foundation do the legwork!
    Working with a philanthropic advisor at the Vermont Community Foundation gives you access to our extensive knowledge of nonprofit organizations across Vermont and the broad charitable needs of our region so you can stay informed about the organizations you support and the effect your giving will have on the future of our community.
  • Create a giving plan.
    The Vermont Community Foundation can help you create a giving plan to help you and your advisor think strategically about how you give and to which organizations. This ensures that your donations make the greatest impact on the causes you care about while maximizing tax advantages.
  • Give early and complete your gift by December 31.
    A gift by check is complete when mailed (postmarked) to the charitable recipient, even if not cashed until the following year. Gifts by credit card are complete when your credit card account is charged. Gifts of stock and real estate are more complex, so be sure to get in touch with us to discuss.
  • Know the organizations you support.
    While there are many worthy causes, only donations to qualified 501(c)(3) organizations are tax-deductible. If you give through the Vermont Community Foundation, we will review the status of all nonprofits prior to making a grant on your behalf and can help you identify organizations that are qualified to receive your grant.

Giving to disaster relief and recovery? Here are some additional tips.