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Year-End Giving Tips & Deadlines

The approach of year-end often brings questions about tax-advantageous ways to increase charitable giving. Here we present three ways to reduce your tax burden and increase your philanthropic impact. Don't hesitate to reach out to Traci by email or phone 970-439-4448 if you would like to discuss these or other ways to give.


1. Open a Donor Advised Fund


Contributions to a Donor Advised Fund (DAF) are tax-deductible for the full amount of the donation at the time the donation is made, offsetting a potential tax burden, and can be invested for long-term tax-free growth over time. Grants can be made to charities of your choice in the United States over time, and it's easy to request grants through our online portal or by email. YVCF provides guidance throughout the year to help you learn about local needs which align with your charitable interests.


2. Make a Qualified Charitable Distribution (QCD) from an IRA


If you are 70 1/2 or older, you can make a gift, known as a QCD, of up to $100,000 per year from your IRA account to YVCF for the causes you care about. By making the gift directly from your IRA to YVCF, you can avoid paying taxes on that money. If you are 72 or older in the year of the distribution, your gift qualifies towards your required minimum distribution. If you are married, your partner can also make a QCD of up to $100,000 from their IRA, for a total of $200,000.


You can contribute to YVCF's General Operating Fund or any other designated, agency, or field of interest fund at YVCF; or we can help you set up a designated fund for specific charities or purposes. QCDs may not be donated to a DAF.


3. Donate appreciated stock


A gift of long-term appreciated stock is one of the most tax-advantageous ways to increase your charitable giving. Instead of selling stock and donating the cash, capital gains taxes can be avoided by donating the stock directly to your DAF or your favorite charity. Transacting stock donations is a service YVCF provides to local nonprofits.


2023 Year-End Giving Deadlines


  • The last day for 2023 grant recommendations from your DAF held at YVCF is Friday, December 22.
  • New DAFs can be established by 12 noon Friday, December 29.
  • Wire transactions and EFTs must be initiated no later than Friday, December 22.
  • Checks mailed to YVCF must be postmarked no later than Sunday, December 31.
  • Checks dropped off at the YVCF office must be received by a staff member by 12 noon Friday, December 29.
  • Credit card gifts must be made before 12 midnight Saturday, December 31.

New Nonprofit Program

Queer Futures: LGBTQIA2S+ Resource Center


Queer Futures, a new program of Better Tomorrow, is hosting a ribbon cutting and open house for the new LGBTQIA2S+ resource center 10am-2pm Saturday, December 9th. This space will be a fun, cool, sober and safe place for teens to hang out and support each other.


Facebook link to: Read More and Support

Instagram link to: Read More and Support

QueerFutures

Featured Fund

Howelsen Ice Complex Capital Fund


The Howelsen Ice Pavilion (HIP) campaign is the highly anticipated and much needed expansion project to the existing Howelsen Ice Arena. Upon completion, this facility will provide an additional covered, open-air, multi-use facility with a NHL-sized ice rink, practice rink, locker rooms & dryland training area to enjoy for years to come.


While the HIP will directly impact winter sports-related user groups like ice hockey, figure skating, curling, bumper cars and public skate, it will also provide year-round opportunities for all community members, offering another venue in which to participate in activities like soccer, baseball, lacrosse, city after-school and summer programs, Steamboat Springs Winter Sports Club, the arts and special events.


The fundraising goal is $6 million by January 31, 2024. Learn More

Donate

Tax-Aide Volunteering Opportunity

These days, many people can’t afford to pay for professional tax preparation — and often miss out on much-needed tax breaks and refunds. Tax-Aide offers free in-person and online tax prep services to taxpayers with low to moderate incomes. You don’t have to be a tax pro to volunteer— training is provided and there are many ways to get involved.

 

Training begins in January for shifts from late February through April 15 serving both Routt and Moffat Counties. Contact YVCF's finance director Karen O'Connor to learn more or sign up.

Email Karen

Upcoming Events

Tuesday, December 5

Yampa Valley Gives Day

GIVE WHERE YOU LIVE!

Thursday, December 7

8:30-11:00am

Community Open House @ YVCF's new headquarters: 348 Oak Street

Tuesday, December 12

Passport Club Winter Welcome

*By invite only - email Holly with questions

December 25 & January 1

Office closed for the holidays

YVCF in the News

Steamboat Pilot (November 15, 2023): Veterans Center gets big boost as donor offers million dollar challenge grant

Routt County Climate Action Plan Collaborative (Oct 30, 2023): Yampa Valley Community Foundation Moves to Geothermal-Powered Building

Steamboat Pilot (November 28, 2023): Giving season kicks off: Yampa Valley nonprofits count on community donation day

DONATE TO SUPPORT YVCF
YAMPA VALLEY COMMUNITY FOUNDATION
970.879.8632
info@yvcf.org
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