A Guide to Year-End Giving

Thanks to your generosity, the Catholic Community Foundation for Eastern South Dakota (CCFESD) granted $8,226,700 to 379 donor-designated charities and ministries in fiscal year 2024. Your unwavering Catholic faith and commitment to our local community made this possible, and we are so grateful!

As we head into the holiday season and you consider your charitable giving for the end of this tax year, please note that the last business day of 2024 is Tuesday, December 31^st.

Below are key details and deadlines to keep in mind for year-end giving:

Stock/Mutual Fund Gift Reminder

With strong stock market performance in 2024, you may hold shares that have appreciated in value over the past year. Save on taxes by gifting these shares to CCFESD and directing them to the ministry or charity of your choice.

• PLEASE NOTE: If you are planning to gift stock, please contact Heather Fortin at 605-988-3777 or email hfortin@ccfesd.org with the type of stock or ticker symbol. Providing this information in advance helps us process your gift efficiently and effectively.

CCFESD Stock and Mutual Fund Transfer Instructions

IRA Charitable Rollovers

To ensure distribution to your designated ministries or charities before year-end, CCFESD must receive the funds from your plan administrator by noon on Monday, December 16th.

Grant Reminders

• Minimum grant amount: $100
• Per IRS rules, you cannot make a grant for a membership, to fulfill a pledge, to attend a charity event or to pay tuition for an individual.
• CCFESD screens all grantees for tax status, allowable purpose, financial health, accountability/transparency and alignment with Catholic social teaching.

Key Year-End Dates

Monday, December 16^th

• Donor-Advised Fund Grants: Submit grant recommendations before noon to ensure grants are mailed before year-end.
• Appreciated Stock Gifts: Initiate stock and mutual fund transfers by this date to ensure they are received in CCFESD’s account before year-end. (Please check with your initiating firm for their cutoff dates, which may be earlier than December 16th).

Tuesday, December 31^st – LAST BUSINESS DAY OF 2024

• Cash Gifts: CCFESD must receive cash gifts at our office by this date. If you plan to deliver a gift in-person, please call us at 605-988-3788 to confirm details.
• Mailing Checks: Contributions sent by mail must be dated and postmarked by the USPS no later than December 31st.

CCFESD Holiday Office Closures

• Thanksgiving Break – Thursday, November 28^th
• Thanksgiving Break – Friday, November 29^th
• Feast of the Immaculate Conception – Monday, December 9th
• Christmas Eve – Tuesday, December 24^th
• Christmas Day – Wednesday, December 25^th
• New Years Day – Wednesday, January 1^st

Thank you for your continued support and dedication to making a difference in our community through CCFESD. May your generosity this season bring joy and blessings to those we serve!