You are not alone if you begin to feel a little anxious when as we approach the end of another year. Many people experience year-end stress, whether because of looming deadlines at work, tax-related cut-off dates, anticipating a busy holiday season, or simply the realization that another year is coming to a close and you still have items to check off your 2023 to-do list.

Fortunately, one area that doesn’t need to be stressful is your year-end charitable giving. Here are some things to think about as your address your charitable goals for 2023:

  • Using a donor-advised fund at the Winona Community Foundation makes giving very convenient. In addition to personalize service, we also provide an online portal, you can easily view a list of all of the organizations you’ve supported throughout the year, make note of the ones you missed or want to add, and then finish the annual task.
  • Consider establishing or adding to a donor advised fund. By the end of the year, you will likely have a better idea of your financial situation, ideal target amount for charitable tax deductions, and the performance of stock in your portfolio. This will allow you to make gifts to your donor-advised fund of highly-appreciated stock, avoid capital gains, and reduce your taxable estate. And, of course, the proceeds of that stock will hit your donor-advised fund tax free, so the full amount of the sale price is available to support your charitable giving priorities.
  • Making gifts in honor of your friends and family is a meaningful way to celebrate the season and the role they play in your life without adding more material goods that may not need

When you work with the Winona Community Foundation, completing your 2023 charitable giving is easy. Igniting generosity is what we do every day. We want to help you help the causes and organizations that are important to you.