As we near the end of the year, we would like to recognize our donors and their generosity throughout 2023. Thank you for standing with us as we worked to support and strengthen our community. You’ve continued to demonstrate the strong philanthropic spirit that empowers our region.
In an effort to assist you with carrying out your philanthropic goals, please see below for The Community Foundation’s deadlines regarding year-end giving and grantmaking activities.
RECOMMENDING GRANTS FROM YOUR FUND
Grant recommendations submitted by December 15 will be processed by December 31, provided the grantee organization meets The Community Foundation’s due diligence requirements. Due to increased volume, we cannot guarantee that grant recommendations submitted after December 15 will be processed in 2023.
PLEASE NOTE: Grants submitted prior to December 15, 2023 must also meet The Community Foundation’s due diligence requirements to be processed by December 31, 2023.
Grant recommendations should be submitted through your Donor Central account. Questions regarding Donor Central can be forwarded to our Donor Services team.
MAKING GIFTS TO THE COMMUNITY FOUNDATION
All gifts submitted to The Community Foundation by December 29 will be credited as a 2023 contribution. Please note: The gift must be in The Community Foundation’s account by this day to be eligible for a 2023 tax deduction.
GIFTS MADE ONLINE:
Gifts can be made online at www.thecommunityfoundation.org/donate.
GIFTS MADE VIA CHECK:
Greater Washington Community Foundation
P.O. Box 49010
Baltimore, MD 21297-4910 (include 4-digit code 4910, or processing may be delayed)
Please note: checks sent by US Postal Service mail must be postmarked no later than December 31, 2023.
GIFTS OF CASH OR SECURITIES MADE VIA WIRE TRANSFER:
Please see the instructions for making gifts via ACH or wire transfer. Make sure to include your or the donor’s name/fund name in the reference section of the transfer. You can contact the Finance Department at 202-955-5890 if there are any questions. Monies must be in The Community Foundation’s account by December 29, to be earmarked as a 2023 contribution.
GIFTS MADE VIA TRANSFER FROM MUTUAL FUNDS:
In order for gifts made from mutual funds gifted to The Community Foundation to be received by December 29 and earmarked as a 2023 contribution, the transfer must be initiated early enough — typically at least two weeks or more — to be posted into our account. Please check with your broker on their internal timelines.
QuALIFIED CHARITABLE DISTRIBUTIONS (IRA CHARITABLE ROLLOVER)
As a reminder, qualified charitable distributions from your IRA (if you are at least 70.5 years of age) cannot be used for donor-advised funds. They may be used for designated, field of interest, and other types of funds. Notify your plan administrator as soon as possible if you intend to make a gift from your IRA. Please contact us for help with these types of gifts.
ILLIQUID ASSETS AND REAL ESTATE
The Community Foundation accepts gifts of illiquid assets such as closely held stock, partnership interests, and real estate, among others. Gifts must be reviewed and approved by The Community Foundation’s Gift Acceptance Committee. Please allow plenty of time for review and approval.