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There are many ways to integrate charitable giving into your financial planning at the end of 2021. The LaGrange County Community Foundation can help. Each of these options can help you make a meaningful difference! Be sure to make your gifts by the deadlines for a 2021 deduction (see deadlines below).
Leverage Your Gift: The Next 30 Years Matching Campaign
Leverage your year-end giving to endowed funds at the LaGrange County Community Foundation. The Foundation has set aside $30,000 to match gifts to permanent endowment funds. Donors can designate gifts to multiple funds; gifts will be matched one-to-one, up to a total gift amount of $3,000 per household/individual.
Gifts of Appreciated Stock
A gift of appreciated stock is a good option to benefit a nonprofit with a direct gift and benefit the donor with an income tax deduction and capital gains tax savings. To make a gift of stock, please contact our office at 260-463-4363. Stock gifts must be made by Monday, December 27.
IRA Qualified Charitable Distribution (QCD)
If you are 70 1/2 or older, you can make a gift from your IRA account to LCCF for the causes you care about. Gifts made from your IRA (up to $100,000 per year) are not taxable income. If you are 72 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 $100,000 from his or her IRA, for a total of $200,000.
Gifts to donor advised funds are not eligible. You can contribute to designated, agency, field of interest funds at LCCF or to the Caring Community Grantmaking Fund (the unrestricted grantmaking endowment).
2021 Year-End Giving Deadlines
Last day for 2021 grant recommendations from donor advised funds: 10 a.m. Monday, December 27.
Gifts sent to LCCF must be postmarked no later than Friday, December 31.
Credit card gifts must be made before 12 midnightFriday, December 31.
Gifts of stock must be received in LCCF accounts by Monday, December 27.
Donor Advised Fund Holders
To ensure that your year-end grants are sent out by December 31, the deadline for recommending grants for 2021 is 10 a.m. Monday, December 27.
LCCF Holiday Schedule
Thursday, December 23 – closed
Friday, December 24 – closed
Thursday, December 30 – closed
Friday, December 30 – closed
All other days we will be available to serve you during regular business hours 8 a.m. – 5 p.m., Monday through Thursday, and Friday, 8 a.m. to 4 p.m. Please note, our office closes daily for lunch from 12-1 p.m.
Questions About Year-End Giving?
We invite you to contact Octavia Yoder, Executive Director, at 260-463-4363 or email oyoder@lccf.net.
What can you do with $55,000? For the Knights of Pythias LaGrange Lodge no. 144 they made a last goodwill gift. The fraternal organization made the difficult decision to disband after 135 years.
The Knights sponsored Little League baseball teams, supported police departments
and gave to local nonprofits. At the Corn School street festival, the
Knight’s caramel
apples were a favorite treat and helped fund some of their charitable
endeavors.
Mahlon Bontrager, a Knight and former Community Foundation Board Member, encouraged the group to consider creating a permanent fund for the community. The timing for the Knight’s gift was serendipitous. One month before, Lilly Endowment announced a matching grant for the Community Foundation. Any gift to an unrestricted fund would be eligible for a 2-for-1 match. Inspired by the opportunity, the Knights created an unrestricted endowed fund to support community needs. What had been a gift of $55,000 now became $165,000.
Because
of their generosity, LaGrange County will continue to reap the reward. Income
from the fund will made available for grantmaking as directed by the Board of
Directors.
“The members of our Lodge no. 144 feel very
fortunate to have our donation grow and benefit several organizations thanks to
the LaGrange County Community Foundation,” says Gordon Olds, a member of the
Knights.