Category: Planned Giving

This time of the year is filled with joyful expectation: expectation of the coming of Christ, of the new year, of time with family and loved ones. Amid all of that, know that your friends at the Catholic Community Foundation for Eastern South Dakota (CCFESD) are here to help you enjoy the giving season. Below you will find two of our favorite tips for convenient and tax-efficient charitable giving, as well as CCFESD’s key dates for year-end giving.

If you have questions or would like to make a year-end gift, contact Heather Fortin, our director of Stewardship, by phone at 605-988-3777 or 605-988-3788 or by email at hfortin@ccfesd.org.

1. 1. Give appreciated stock. With strong stock market performance in 2023, you may have shares that you’ve held for more than a year that have appreciated in value. Save on taxes by gifting your shares to CCFESD and directing them to the ministry/charity of your choice.
   2. Give through a Donor Advised Fund. You can give your appreciated assets to the fund and then grant the charitable dollars on your own timeline. When it’s time to file your taxes, you have just one gift acknowledgement letter to track down!

Important Year-end Dates and Giving Guidelines

If you are considering starting a Donor Advised Fund (DAF), keep the following in mind as the end of year approaches:

Stock Gift Reminder
IMPORTANT: If you are planning to gift stock to your DAF, please call our office at 605-988-3777 and let us know. Having this information in advance will help us process your gift efficiently and effectively. Without complete stock transfer information, CCFESD may not be able to deposit proceeds to your DAF.

Click to view CCFESD’s security gift transfer instructions

IRA Charitable Rollovers
CCFESD needs the funds from your plan administrator and direction for distribution before noon on Monday, December 13 to postmark and mail checks to ministries/charities before year end.

Key Year-end Dates
Monday, December 13
Submit DAF grant recommendations by this date to ensure your grants are mailed before the end of the calendar year.

Friday, December 8
Initiate mutual fund transfers by this date. Click to view CCFESD’s security gift transfer instructions

Friday, December 15
Initiate stock transfers prior to this date so stock gifts are received in CCFESD’s account by year-end. Click to view CCFESD’s security gift transfer instructions

Friday, December 29 – LAST BUSINESS DAY OF 2023
CCFESD must receive cash gifts at our office by this date. If you plan to deliver a gift to our office, please call us at 605-988-3788 to let us know.

Sunday, December 31
Remember that contributions made by check to CCFESD must be dated and postmarked by USPS no later than this date.

CCFESD Office Closures for the holidays
Please note, CCFESD office is closed the following dates:

• • Monday, December 25
  • Tuesday, December 26 – however, a staff member will be available this day – call 605-988-3759 for assistance
  • Monday, January 1

If you would like to learn more about donor advised funds, gifts of appreciated assets or through a charitable IRA rollover, please get in touch! We look forward to connecting with you. Email Heather Fortin at hfortin@ccfesd.org or call 605-988-3777.

DID YOU KNOW? The Catholic Community Foundation for Eastern SD has six offices spread across our diocese? Offices are located in Aberdeen, Mitchell, Pierre, Sioux Falls, Watertown, and Yankton. Each is focused on drought proofing the ministries of their local and regional Catholic parishes, schools and our diocese. This is in an effort to reach all corners of our diocese and bring us together as one body of Christ. Our vision is to provide a “future full of hope” for the people of eastern South Dakota and beyond. Our mission is to help people grow deeper in love with Christ by sharing their gifts in gratitude to God. We do this by raising, managing and distributing God’s gifts to donor directed ministries. Visit our website to find out who your closest gift planning officer is and set up a meeting. They are happy to come to you! www.ccfesd.org

Sharing From Your First Fruits: Farmers and ranchers have access to a unique and powerful option to donate grain or other farm commodities. By gifting directly to the Catholic Community Foundation for Eastern SD through your local elevator, you could bypass taxable income and support ministries such as your parish, school or cemetery. The Foundation is happy to assist farmers and ranchers who wish to share from the first fruits of their harvest. For more information, contact Gift Planning Specialist Heather Fortin at hfortin@ccfesd.org or 605-988-3777.