Nov. 28, 2022
List includes year-end needs for more than 100 agency partners
In advance of Giving Tuesday, the Community Foundation of the Ozarks has updated its Holiday Charitable Giving Guide for 2022, available at cfozarks.org/giving-guide. In the online guide, donors can find immediate needs and links to year-end campaigns from more than 100 of the CFO’s nonprofit agency partners, as well as tips for maximizing charitable giving.
A few tips for donors include:
- Unrestricted gifts for operations are still the most effective way to give to a nonprofit agency. These flexible gifts allow agencies to use funds where they need them most.
- A “qualified charitable distribution” from an IRA is a great option for donors who are older than 70.5 years and need to make a required minimum distribution. These distributions can be donated directly to a nonprofit agency or its fund at the CFO.
- Instead of exchanging gifts, make a donation to someone’s favorite charitable cause or agency. Many nonprofits, including the CFO, have the option to make a tribute gift in someone’s honor, offering a thoughtful alternative to traditional gifts.
The CFO does not provide tax or legal advice and recommends speaking with a professional advisor. If a donor wants to engage with one, members of the CFO’s Professional Advisors Council can be found at cfozarks.org/professional-advisors.
To give donors ideas for charitable gifts, the Holiday Charitable Giving Guide includes a list of links to year-end fundraising campaigns for the CFO’s nonprofit agency partners. Through the Agency Partner Program, the CFO holds funds for about 700 nonprofit agencies, schools, cities and places of worship across central and southern Missouri, providing these organizations with a range of services to help them grow and better serve our communities.
“We may think of the holiday season as a great time to donate for the tax-deductibility purposes, but it’s also a time of great need for our nonprofit community as demands for their services so often increase as winter approaches,” CFO President Brian Fogle said. “Whether you can donate time, talent or treasure, we hope you make charitable giving part of your holiday season.”