Charitable Giving: End-of-Year Things To Know
As the end of 2023 rolls around, we’re frequently asked about end-of-year charitable giving. To help answer questions and frame expectations, we’ve assembled this simple guide to prepare for the charitable giving season—making sure you have everything you need to give successfully.
Granting Best Practices
Get ahead of your holiday season by scheduling seasonal grants ahead of time. Recommend your grant by Tuesday, November 28th, to ensure year-end processing.
Increase your granting efficiency online by using the grant again feature for charities where you previously recommended grants.
Sustain support for your favorite charities and save time in the future. Schedule recurring grants over an extended period of time. You can skip or cancel any of your recurring grants online.
Consider participating in #GivingTuesday, a national day of giving, scheduled for Tuesday, November 28.
Develop a strategic giving plan by reviewing the award-winning Giving Guide at schwabcharitable.org/giving-guide.
2023 Year-End Contribution Dates
Please refer to these critical dates to ensure that contributions to your Schwab Charitable donor-advised fund account are received and processed by December 31 2023, the IRS deadline for yearly tax deduction eligibility for those itemize deductions.
November 10: Physical stock certificates for publicly traded companies (must be postmarked by November 10)
November 17: Mutual funds held at a firm other than Charles Schwab & Co, Inc. To ensure proper processing, we suggest initiating this request by November 17. Assets must be received by December 29.
December 8: Cryptocurrency—call Schwab Charitable by December 8.
December 29: Stock transfers from a non-Charles Schwab & Co Inc. financial institution. Processing times can vary but typically will take two to six weeks. Please check with your financial firm. To ensure proper processing, we suggest initiating this request by November 17. Assets must be received by December 29. For wire transfers, the wire must be received by Schwab Charitable no later than 4:00pm ET December 29.
December 31: Assets held at Charles Schwab & Co., Inc. Contributions made online must be completed by 11:59pm ET December 31. Faxes must be received by 11:59pm ET December 31. Checks mail must be postmarked by December 31.
Note: Giving from your IRA to a donor-advised fund is not a Qualified Charitable Distribution (QCD) for tax purposes.
