Deadlines for year-end charitable giving and grant recommendations

SVCF is committed to making your year-end giving easy and meaningful. We want to share these important giving and grant recommendation deadlines, to help ensure that all gifts are properly credited for 2019 and grants are processed in a timely manner.

Charitable gifts to SVCF

  • As required by the IRS, in order for you to claim a charitable deduction for this tax year, ownership of your gifted asset must transfer to SVCF on or before Dec. 31, 2019. Please note that illiquid assets, such as real estate, must be initiated as soon as possible as complex gifts generally take longer to transfer.
     
  • Contributions made by check and delivered via U.S. Mail must be postmarked on or before Dec. 31, 2019, or delivered to SVCF's offices on or before Dec. 31, 2019
     
  • Envelopes mailed through private mailing services such as FedEx must be received in our office by the morning of Dec. 31, 2019, to be processed as 2019 gifts.
     
  • Gifts of securities such as publicly traded stock held by a broker, mutual funds, etc., will be acknowledged the day the securities are credited to SVCF’s brokerage account. Please note Depository Trust Company (DTC) transfers typically take 24 hours to complete, but brokerage firms might be delayed in processing clients’ requests at year-end because of the volume of transfer instructions that come in at this time, so please initiate the transfer by a date that will ensure the securities get credited to SVCF’s brokerage account by Dec. 31, 2019.
     
  • Cash wire transfers should be initiated by a date that would ensure the receipt of the fund by SVCF by Dec. 31, 2019.
     
  • Other, more complex contributions, such as closely held stock, restricted stock or cryptocurrency, may require approval from our Gift Acceptance Committee. We request that you initiate these donations as soon as possible.
  • SVCF's standard practice is to sell all marketable securities upon receipt. For donated securities valued at $1 million or more, a donor may recommend but not require that SVCF retain the donated securities and/or sell them according to an extended sales strategy. Recommendations must be shared prior to the transfer of securities and will be considered on a case by case basis. Additional fees may apply.

Grants from charitable funds at SVCF to other nonprofit organizations

  • Grant recommendations to organizations in the U.S. must be submitted by Monday, Dec. 9, 2019, to be processed by Dec. 31, 2019.
     
  • Grant recommendations to organizations outside the U.S.: Vetting must be complete and the organization must return a signed agreement to SVCF by Dec. 9, 2019. Please submit recommendations as soon as possible.

SVCF is committed to offering the most reliable and efficient service to donors and professional advisors. Please contact us at donate@siliconvalleycf.org or call us at 650.450.5444 if you have any questions about specific types of gifts or timing.

Thank you for your consideration, and we wish you a very happy holiday season!