Make the Most of Your Year-end Giving

October 28, 2024

With the end of the year fast approaching, the Community Foundation of Broward is ready to help you maximize the impact – and the tax benefits – of your charitable giving.

Advantages of making charitable donations by Dec. 31

Tax Deductions: Your contributions can be deducted from your 2024 taxes, which could help you lower your taxable income.
Boost Your Favorite Nonprofits: Many nonprofits rely on year-end giving to help them determine what programs and initiatives they will pursue in the year ahead. Giving now ensures ongoing support for your charitable passions.
The Joy of Giving: It feels good to help people. You can head into the new year with the joy of knowing your support is at work transforming lives and furthering the causes that mean the most to you.

Year-end giving options to consider

One of the benefits of giving through the Community Foundation is you can choose from a variety of assets to make a lasting difference, such as:

IRA distribution: Making a Qualified Charitable Distribution (QCD) from your IRA is an easy way to donate to a charitable organization. A QCD can reduce your taxable income and satisfy your Required Minimum Distribution (RMD).
Stock, real estate, art and other assets: Our team can work with you and your professional advisor to facilitate a gift of an “alternative” or “complex” asset – which can help you make the most of your tax benefits and maximize the dollars available for your charitable giving. Stock gifts must be received by Dec. 23 to be processed in time to count toward your 2024 tax benefits.
Gift bundling: You can “bundle” several years’ worth of support for your favorite causes or organizations through a single, year-end gift to a donor-advised fund. Gift bundling enables you to lock in support to achieve your long-term charitable goals, while you get the full tax benefit this year.
Estate plan: If now isn’t the best time to donate, you can name the Community Foundation as one of the beneficiaries in your estate plan. By partnering with us today, you gain peace of mind knowing that your future gift will create a lasting impact. Click here to learn more about gift planning.

Wire Transfers, Donations Via Website and Checks

Here are easy options for cash and online gifts:

Click here for wiring instructions available on our website. Wire transfers must be received by Dec. 23 to be processed in time to count toward your 2024 tax benefits.
Click here to make an online donation to a charitable fund at the Community Foundation. Online donations must be received before 11:59 p.m. on Dec. 31 to count toward your 2024 tax benefits.
Mail checks to: Community Foundation of Broward, 910 East Las Olas Boulevard, Suite 200, Fort Lauderdale, FL 33301. Mailed donations must be postmarked no later than Dec. 31 to count toward your 2024 tax benefits.

Need Help?

For help navigating your year-end giving options, please Contact Kelly Marmol, Vice President of Philanthropic Impact, at kmarmol@cfbroward.org or 954-761-9503.