Season's Greetings from St. Croix Valley Foundation (SCVF)!
As we approach the end of the 2024 calendar (and tax) year, please know that there is still time to leverage your donor advised fund for thoughtful, impactful, tax-advantaged giving.
Year-End Grants from your Donor Advised Fund
If you would like to recommend a year-end grant from your donor advised fund, please submit your grant recommendations by Friday, December 13. This will help ensure that your recommendations are approved, processed, mailed and received by grant recipients by calendar year-end. You can recommend grants using our online Donor Advisor Portal or by printing and submitting a Grant Recommendation Form available on our website. Please contact me at grants@scvfoundation.org if you have any questions about year-end grant recommendations. As a reminder, tax benefits are realized when you make contributions to a donor advised fund, not when you recommend grants from the fund.
Year-End Contributions to your Donor Advised Fund
If you would like to make a year-end contribution to your donor advised fund that will qualify for a charitable tax deduction in 2024, please note the following:
Checks sent by mail must be postmarked on or before Tuesday, December 31. Please send your check to us at:
St. Croix Valley Foundation
1830 Hanley Rd Ste 200
Hudson, WI 54016
Online credit cards gifts at scvfoundation.org may be made until 11:59 p.m. on Tuesday, December 31.
Gifting appreciated stock to the SCVF enables you to avoid capital gains taxes while receiving a charitable tax deduction for the stock’s current market value. Please notify a member of the SCVF team at info@scvfoundation.org if you are making a donation of securities. Please refer to our Donation Delivery Instructions for more information.
Through a special arrangement with Andersen Corporation, the SCVF is able to accept gifts of appreciated Andersen Corporation Stock. While not typically an option for privately held stock, Andersen Corporation created this pathway to encourage and enable their shareholders to give back to the community through the St. Croix Valley Foundation. Please note that while this opportunity will be available to shareholders each December, those who want to make a gift this year must contact Andersen Corporation Treasury Services at 1-800-280-2487 or TreasuryServices@AndersenCorp.com by December 7, 2024. Please talk with your professional advisor about whether or not this might be a tax-smart way for you to pursue your philanthropic goals. More information about the Andersen Stock Opportunity
Finally, while current IRS rules do not permit Qualified Charitable Distributions (QCDs) from IRAs to donor advised funds, there are many other ways a QCD to the St. Croix Valley Foundation can support the programs, organizations and causes you care about most. Starting at age 70-1/2, QCDs from your IRA (up to $105,000 per year) are not taxable income, and if you are 73 or older in the year of the distribution, your gift qualifies towards your RMD. If you are married, your spouse can also make a gift of up to $105,000 from his or her IRA, for a total of $210,000. If you’d like to talk more about how the SCVF can help your tax-free IRA distributions do good in the Valley, please contact Heather Logelin, President & CEO, at 715-386-9490 or hlogelin@scvfoundation.org.
SCVF Office Closures for the Holidays
Our office will be closed on November 28-29, December 24-25, and January 1, 2025. Staff will be available all other regular business days to help you with your year-end giving needs!
Contact: Sally Hermann, Philanthropic Services Associate
715-716-7084 | shermann@scvfoundation.org
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