Please note: The Community Foundation will be closed for Thanksgiving (November 25 and 26), Christmas Eve (December 24), New Year’s Eve (December 31), and on January 3. We will also close at 1 p.m. on December 23 and 30. This year, checks must be postmarked by December 30 due to the federal holiday on December 31.
As we near the end of the year, we would like to recognize our donors and their generosity throughout 2021. Thank you for standing with us as we worked tirelessly to respond to our community’s urgent health and economic needs. You’ve continued to demonstrate the strong philanthropic spirit that empowers our community.
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 17 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 17 will be processed in 2021.
PLEASE NOTE: Grants submitted prior to December 17, 2021 must also meet The Community Foundation’s due diligence requirements to be processed by December 31, 2021.
Grant recommendations should be submitted through your Donor Central account. Questions regarding Donor Central can be forwarded to Emily Davis (202-973-2501, edavis@thecommunityfoundation.org).
MAKING GIFTS TO THE COMMUNITY FOUNDATION
All gifts submitted to The Community Foundation by December 31 will be earmarked as a 2021 contribution. Please note: The gift must be in The Community Foundation’s account by this day to be eligible for a 2021 tax deduction.
GIFTS MADE ONLINE:
Gifts can be made online at www.thecommunityfoundation.org/donate.
GIFTS MADE VIA CHECK SHOULD BE SENT TO OUR NEW BANK LOCKBOX FOR SECURE COLLECTION AND PROCESSING:
Greater Washington Community Foundation
PO Box 49010
Baltimore, MD 21297-4910 (please include 4-digit code 4910 or processing may be delayed)
Please note: checks sent by US Postal Service mail can be earmarked as a 2021 contribution if postmarked by the US Postal Service before December 31. This year, checks must be postmarked by December 30 due to the federal holiday.
GIFTS OF CASH OR SECURITIES MADE VIA WIRE TRANSFER:
With the possibility of capital gains tax rates going up next year, this year may be an especially advantageous time to gift appreciated assets to your fund. 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 31, to be earmarked as a 2021 contribution.
GIFTS MADE VIA TRANSFER FROM MUTUAL FUNDS:
In order for gifts made from mutual funds submitted to The Community Foundation to be received by December 31 and earmarked as a 2021 contribution, the transfer must be initiated early enough 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 (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 no later than December 15 if you intend to make a gift from your IRA. Please contact us for help with these types of gifts.