End-of-year giving reminders for 2025
It’s hard to believe 2025 is almost over! Even though this year has flown by, there are still a few items left on your giving to-do list. Be sure to mark your calendars with the dates below to ensure you meet the deadlines for tax exemption.
- ACH transfers must be submitted via Submittable by Monday, Dec. 29.
- Cash wire transfers must be received by 3 p.m. on Wednesday, Dec. 31.
- Checks sent via carriers such as FedEx or UPS must be physically delivered to our office (6075 Poplar Ave. Ste. 130) by or before 3 p.m. on Wednesday, Dec. 31.
- Checks sent via U.S. Postal Service must be postmarked on or before Wednesday, Dec. 31.
- Please make checks payable to the Christian Community Foundation and include the name of the fund in the memo.
- Gifts of appreciated securities (stocks, mutual funds, ETFs, etc.) must be received before the end of the day on Wednesday, Dec. 31.
- Please plan accordingly for the delay between initiating the transfer from your account and receiving the funds in our account.
- Please alert Stephanie if you make a gift of appreciated securities, including the type of stock and number of shares. Failure to notify us will delay processing.
If you have any questions, please feel free to give us a call at 901-682-6201 or email our director of donor relations Stephanie Jones at stephanie@ccfmemphis.com.
Additional questions:
What is an ACH transfer?
An ACH transfer is an electronic transfer between U.S. bank accounts using the Automated Clearing House. This is a safe, secure method to make direct payments and deposits without using cash, checks or credit cards, and is commonly used for payroll and paying bills. ACH transfers can take several business days to complete.
Christian Community Foundation grantees can request that funds be distributed through ACH transfer instead of the postal service, which can alleviate potential problems that may arise when sending checks through the mail. To request an ACH transfer, complete and submit this form via Submittable.
What’s the difference between a wire transfer and an ACH transfer?
While both are types of electronic transfers, a wire transfer is more direct than an ACH transfer and typically occurs faster – often same day for domestic. Wire transfers are typically reserved for larger amounts with tight deadlines and can incur higher charges, whereas ACH transfers are usually domestic with flexible deadlines and lower fees.
What’s an appreciated security?
An appreciated security is any stock, bond, mutual fund, etc., with an increased value since its purchase date. These non-cash assets are a common source of funding for donor-advised funds. After consulting with your financial advisor and deciding to donate an appreciated asset, please notify our office of the sale, along with the type of stock and number of shares, so we can appropriately allocate the funds.