News for Donor Advisors

As the end of the year approaches, we want to remind you about the importance of year-end planning and how you can maximize the impact of your giving through your donor-advised fund at the Sioux Falls Area Community Foundation.

We know many of you are seasoned donors who have used appreciated stock as a part of your giving strategy, but it’s always a good time to revisit the benefits. Gifting appreciated stock can help you make a greater impact while offering significant tax advantages. And with markets on the move, it's important to consider timing your gifts to benefit both your charitable goals and your financial planning.

Here’s why gifting appreciated stock might be a smart move for you this year:

• Maximize tax savings: When you donate appreciated stock, you avoid paying capital gains taxes, meaning you can give more to your fund at the Foundation without incurring additional tax liability.

• Increase the power of your gift: Because you are not subject to capital gains taxes, the full value of your appreciated stock can go to supporting the causes you care about.

• Keep deadlines in mind: While publicly traded stock typically just takes a few days to complete a transfer, mutual funds can take up to a month. Plan ahead to ensure a charitable tax deduction in calendar year 2024.

• Easy process: Transferring appreciated stock is straightforward, and our team is here to help you every step of the way.

Gifting appreciated stock is a powerful tool for maximizing your charitable giving. If you'd like to discuss your options or make a gift of stock, please reach out. We’re here to help make the process simple, and we want to ensure your fund continues to support the causes that matter most to you.

Thank you for your ongoing generosity and commitment to our community.