Effective charitable giving: It’s all in the timing

Did you know that 31 percent of annual giving occurs in the month of December, and 12 percent of that takes place during the last three days of the year?

End-of-year giving has become habitual for several reasons, such as an increased feeling of charity around the holidays or even for a last-minute tax break. But here’s the thing: there’s no reason to wait.

While grants are impactful no matter when they are made, giving during the charitable “off-season” allows not-for-profits to build the funds into their budgets and plan programming for the upcoming year knowing the funds have already secured.

Though the holiday season is still months away, it’s never too early to start thinking about your charitable giving plan. A great way to start is by contacting your philanthropic advisor, who can guide you and your family through interactive, hands-on exercises that identify your values and interests in order to create both a mission statement and strategic giving plan. The end result helps you become more engaged with and passionate about your giving.

Once you’re ready to consider awarding a grant, your philanthropic advisor can suggest organizations and funding opportunities that fit with your family’s mission. Philanthropic advisors and community investment officers serving CICF and its affiliates, The Indianapolis Foundation and Legacy Fund, have cultivated a database of projects actively seeking funding in the Central Indiana community. These opportunities are available through CICF Connect. And while you’re logged in, it’s easy to search for other organizations that align with your interests and recommend a grant electronically.

Contact your philanthropic advisor today about creating a strategic giving plan or login to CICF Connect to check out current funding opportunities.

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