As we approach the end of 2018, please remember that CICF is here to assist you with year-end contributions into your charitable fund.
We offer several ways to contribute:
Submit an online donation via credit card by midnight on Monday, Dec. 31. CICF accepts all major credit cards: Visa, MasterCard, American Express, and Discover. Please note the IRS rule stating that charitable gifts made by credit card are deemed made on the date the charge is posted to your account as shown on your credit card statement.
Drop off a check at CICF’s offices on or before noon on Monday, Dec. 31. Please include the fund name in the note section of your check. Or you can mail it, just be sure the check is dated and postmarked on or before Monday, Dec. 31.
Central Indiana Community Foundation
615 N. Alabama St, Suite 119
Indianapolis, IN 46204
Instruct your financial institution to wire your cash contribution on or before Friday, Dec. 14. Please notify CICF controller Brenda Delaney at BrendaD@cicf.org when a transfer is taking place for tracking purposes. Additional instructions are available here.
CHARITABLE STOCK DONATION OR MUTUAL FUNDS
Contributions must be received in CICF’s BNY Mellon account on or before Monday, Dec. 31 for it to be designated as a 2018 gift; however, contributions of mutual funds must be initiated before Friday, Dec. 14. Please notify CICF Controller, Brenda Delaney at BrendaD@cicf.org, regarding the amount and the date the transfer is taking place, so that she may follow up. Additional instructions are available here.
IRA REQUIRED MINIMUM DISTRIBUTION
If you are at least 70½ years-old, you may transfer up to $100,000, or $200,000 for a married couple, of your annual required minimum distribution from your IRA assets directly to a qualified public charity, which includes any fund type at CICF except donor-advised funds. RMD transfers might offer a tax efficient way for annual donors to our unrestricted community endowment funds and our Angle Investors who qualify to accomplish these gifts. The assets will not be recognized as income and will not trigger federal income taxes. RMD contributions also may be made to scholarship, designated, field of interest, and charitable organization endowment funds. The transfer from your IRA administrator to CICF must take place on or before Monday, Dec. 31. Contact Mary Stanley, director of charitable gift planning & legal affairs, at MaryS@cicf.org or 317.634.2423 x319 to learn more and ensure a proper transfer.
Please let us know if you have any questions or concerns.
The happiest of holidays to you and your loved ones! Cheers to 2019!
CICF’s Philanthropic Advising Team
Kelli Baumgarn | KelliB@cicf.org
Ryan Brady | RyanB@cicf.org
Marissa Nielsen | MarissaN@cicf.org
Heather Woock | HeatherW@cicf.org