Year-End Giving Tips and Reminders

For many, this time of year inspires gratitude and generosity. At CFHZ, we are grateful for the generous individuals, families, and companies who give their time, talent, and treasure to help our community thrive. As you think about how you will make a difference this year, consider these tips to make your charitable dollars go further!

Gifts of appreciated stock still shine

Giving in a roller coaster market may be a concern, but remember, not all stocks are down. Gifts of appreciated stock to a donor-advised fund or other type of fund at CFHZ is still one of the most tax-savvy ways to support your favorite charitable causes because capital gains tax can be avoided. And of course, a stock market rally can present timely opportunities.

Donor-advised funds help you and your favorite nonprofits

Grantmaking from donor-advised funds (DAFs) continues to rise. Donor advised funds can help with tax planning and provide a convenient way to keep your giving levels consistent even in lower income years. Reach out to us to learn more about how “bunching” at year end can maximize your tax benefits, and at the same time ensure that nonprofits are supported as demands on their missions continue to grow in choppy economic waters.

Year-end giving deadlines

Year-end can sneak up on all of us. Here are the 2022 deadlines for various types of transactions:

  • Gifts by Stock: Shares must be received into a CFHZ brokerage account before 4 p.m. E.S.T. on December 30 to be receipted as a 2022 gift.
  • Gifts by Credit Card: whether received online, by mail, or by phone, credit cards must be charged by midnight on December 31 within the time zone the gift was made to be receipted as a 2022 gift.
  • Gifts by Check: If you mail a check, the envelope must be postmarked or hand-delivered by December 31 to be receipted as a 2022 gift.
  • Gifts by Wire Transfer: Gifts of cash must be received via cash wire transfer into a CFHZ bank account by 4 p.m. on December 30 to be receipted as a 2022 gift.

The CFHZ office will be open until 5 p.m. on Friday, December 30 to serve our community. We encourage you to contact us with any gift-related questions as soon as possible in order for our team to provide assistance.

We always encourage donors to first seek the advice of their legal, financial, or tax advisors when considering a gift of non-cash assets. While our team does not offer tax advice, we stay knowledgeable on charitable giving strategies. Please contact Colleen Hill, Vice President of Development & Donor Services, at or by calling 616–994–8853 if we can help you serve you.