Year-End Giving Information
Your gift by check
Date your check on or before December 31, 2019, and mail via U.S. Postal Service with a postmark on or before December 31st.
Gifts made by check that are mailed through the U.S. Postal service with a postmark and check date before December 31, 2019 will be counted for 2019 regardless of when they arrive at the Foundation.
The address for mailing, shipping, or hand-delivery of your check:
Greater Salina Community Foundation
119 W Iron, 8th Floor
PO Box 2876
Salina, KS 67402-2876
Your gift of securities (stocks, bonds, mutual funds)
Contact your broker early to determine the processing time necessary to complete your gift of publicly traded securities. Deadline for gifts of securities to be gifted to the Foundation is December 24, 2019.
Have your broker contact the Foundation with the following information:
- Name & address of donor
- Date of gift
- Security(ies) gifted
- Number of shares gifted
- Price per share (high and low or closing price for mutual funds) on date of gift
If your broker needs transfer instructions, they can call Susan Weis at 785-823-1800 or e-mail firstname.lastname@example.org. For securities held in physical form, please do not sign the stock certificate; call the Foundation office for detailed instructions.
The amount of your charitable deduction depends on the value of the securities at the time the securities are gifted. Your deduction is determined by the average of the high price and the low price per share on the day of the gift for stock. For mutual funds, the deduction is determined by the closing price.
IRA Charitable Rollovers
Donors age 70 1/2 or older can make a qualified charitable distribution from their traditional IRA to GSCF. The amount distributed directly to any fund at the Foundation (other than a donor advised fund) can be excluded from your gross income, meaning you will not be taxed on the distribution, and will count towards your required minimum distribution. Charitable distributions from individual IRAs are capped at $100,000 each year.
Tax situations vary. We encourage you to consult your tax or financial adviser regarding retirement account gifts.
Questions about your year-end gift to GSCF?
Contact Susan Weis, Director of Finance, at 785-823-1800 or email@example.com.