Gulf Coast is dedicated to assisting you and your charitably inclined clients as 2024 comes to a close and they wish to maximize their impact! Keep an eye on important year-end giving dates and must-know tips as your clients consider the best way for them to give. As you work with your clients who have a fund at Gulf Coast, we are proud to be your first stop in philanthropy. 

Important Dates

Checks Deadline 12.31.24

Checks postmarked by December 31 and mailed to our Venice Headquarters via U.S. Postal Service will be counted as gifts in 2024. Checks sent through a private mailing service like FedEx or hand-delivered must be received by the morning of Tuesday, December 31.

Wire Deadline 12.31.24

For cash gifts via wire transfer, instruct your financial institution to wire your contribution on or before December 31, 2024.

Stock Deadline 12.31.24

Especially tax-wise, gifts of stock must be received into Gulf Coast’s account before 5:00 p.m., December 31, 2024. Please contact us for stock-transfer instructions. *We recommend you begin this process in mid December to ensure they have time to process your request.

Must-Know Tips

We know you’ve got a lot on your plate as the end of the year approaches. Even if charitable giving does not appear on the surface to be a burning issue in client meetings, it’s still crucial that you keep in mind a few essential charitable giving techniques because your clients do care. Please scan these three important techniques, and please reach out to Gulf Coast on any matter related to charitable giving. 

1. Encourage clients to consider giving highly-appreciated stock, not cash, to their funds to their favorite causes including their donor-advised fund at Gulf Coast, thereby maximizing tax benefits.

2. Help clients evaluate a “bundling” or “bunching” technique to make gifts to a donor-advised fund at Gulf Coast, exceeding the currently high standard deduction to be able to itemize. Then, donor-advised fund assets can be used over the next few years to support clients’ favorite causes.

3. Help clients who are 70 ½ and older make Qualified Charitable Distributions (QCDs) directly from IRAs to designated, scholarships, or field-of-interest funds (donor-advised funds are ineligible recipients) at Gulf Coast–up to $105,000 per spouse. Plus, QCDs satisfy RMDs! 

Reach out to your Gulf Coast team! November is the time to set things in motion so you don’t get caught up in the year-end rush. We are here for you.

Connect with Your Philanthropy Team

 Connect Today!