Holiday Greetings from the Community Foundation for Monterey County!

In this busy giving season, the CFMC is here to assist you as you guide your clients for the remainder of 2023. There are a several ways for them to simplify their giving at the CFMC including:

• Monterey County Gives! Each gift processed through mcgives.com before December 31, 2023 receives a partial match. We can facilitate gifts of stock, donor advised fund grants or IRA Qualified Charitable Distributions to benefit multiple nonprofits through a single gift to the donor's choice of more than 200 nonprofits.

• Donor Advised Funds Creating a donor advised fund offers a tax deduction now and the ability to make grants over time.

Reach out anytime! It’s our pleasure to work with you as you help your clients achieve their charitable giving goals for this year and many years to come.

Christine

Christine Dawson

Senior Vice President Philanthropic Services (831) 375-9712 x126

The CFMC team can help you simplify your clients' year-end giving. Below are five ways to give that offer tax advantages and make a meaningful difference.

1. Bundle giving by creating a donor advised fund now for an immediate tax deduction and the ability to make grants over time
2. Donate appreciated stock or real estate to maximize tax benefits with an income tax deduction and capital gains savings
3. Increase impact by donating through Monterey County Gives! for a partial match for gifts to participating nonprofits
4. Receive income for life AND support chosen nonprofit(s) through a Charitable Gift Annuity or Charitable Remainder Trust
5. Make an IRA Qualified Charitable Contribution. Donors can make an IRA gift to the CFMC to benefit multiple nonprofits, including those participating in Monterey County Gives!

Please contact us at (831) 375-9712 or visit cfmco.org to learn more.

Be sure your clients make their gifts by the deadlines for a 2023 deduction:

• The Last day for grant recommendations from CFMC donor advised funds: 10 a.m. 12/26
• New donor advised funds can be established by 12/29.
• Gifts of stocks must be received in CFMC accounts and real estate and partnerships assets must have title transferred or assigned on or before 12/29.
• IRA QCDs must clear the donor's custodial account by 12/29. This may take a few weeks. Please confirm with the manager of their custodial account.
• Gifts sent to the CFMC must be postmarked no later than 12/31.
• Credit card gifts must be made before 12 midnight 12/31.

Please note: CFMC offices will be closed December 22, 25 and January 1. The Monterey County recorder’s office will close at 12 noon with their last recording at 11:30 a.m. on Friday, 12/29.

The Monterey County Gives! Campaign leverages your client's donations to their selected nonprofits and amplifies their impact with a pro-rated match. The CFMC can facilitate gifts of IRA Qualified Charitable Distributions or stock gifts to benefit multiple nonprofits through just one gift. (See deadlines above).

*MCGives! is a partnership of the CFMC, Monterey County Weekly and the Monterey Peninsula Foundation. Thanks to: Gunde & Ernie Posey Family Foundation, Taylor Farms, Neumeier Poma Investment Counsel, Colburn and Alana Jones Foundation of the CFMC, David & Lucile Packard Foundation, Cannery Row Company, Harden Foundation, Nancy Eccles and Homer M. Hayward Family Foundation, CFMC donor advisors and an anonymous donor for their generous support of the match.

We have many useful resources on our website for engaging with your clients on topics of charitable giving, including a planned giving center and memorandum of charitable intent (MOCI).

The team at CFMC is pleased to be a resource and sounding board. We understand the charitable side of the equation and are happy to help you find the best solutions to meet your clients’ needs. Please contact Cecilia Romero, Director of Gift Planning, at or (831) 754-5880 x124 if we can be of assistance.

This useful guide covers many ways donors can give during their lifetime or through their estate including:

• Donor Advised Funds (DAFs)
• Gifts of Real Estate or Appreciated Stock
• Charitable Remainder Trusts & Charitable Gift Annuities
• IRA Qualified Charitable Distribution (QCD)

View or download a copy or contact contact us for additional copies for your clients.

This newsletter is provided for informational purposes only. It is not intended as legal, accounting or financial planning advice.

To inspire philanthropy and be a catalyst for strengthening communities

throughout Monterey County