2023 End-of-Year Charitable Giving: Important Dates & Deadlines for Gifts & Grants

The end of the year is approaching and we at The Chicago Community Trust are committed to making your year-end giving and grant making from your donor advised fund as simple and easy as possible. Please review these deadlines to ensure that all your gifts and grants intended for 2023 are completed.

Important: Please note that we have launched a new Donor Portal to replace Instant Impact. If you have not yet reset your password to make your end-of-year grants, please click here or contact your Philanthropic Advisor.

Also, The Chicago Community Trust will be closed on Monday, December 25 and Tuesday, December 26.

Charitable Gifts to The Chicago Community Trust and/or Donor Advised Funds at The Chicago Community Foundation

Marketable Securities:
Friday, December 29, 2023

• Gifts of publicly traded stock, bonds, and other securities must be deemed completed by the end of the day on Friday, December 29, 2023. You may wish to contact your financial services firm because they may have deadlines for initiating transfers to ensure we receive them by year-end.

Mutual Funds:
Friday, December 29, 2023

• Gifts of mutual funds must be deemed completed by the end of the day on Friday, December 29, 2023. Because they often take longer to complete, we recommend initiating transfers no later than Friday, December 1, 2023. You may also wish to contact your financial services firm because they may have deadlines for initiating transfers to ensure we receive them by year-end.

Gifts sent via USPS:
Postmarked by Saturday, December 30, 2023

• Gifts by check and sent via U.S. Mail must be postmarked on or before Saturday, December 30, 2023.

Gifts sent via Private Mailing Services:
Received by Friday, December 29, 2023

• Gifts by check and sent via private mailing services such as FedEx or UPS must be received by the Trust at our office by 5:00 pm Friday, December 29, 2023.

ACH and Cash Wire Transfers:
Friday, December 29, 2023

• ACH and Cash wire transfers must be received by the Trust on or before Friday, December 29, 2023. Please refer to our gift instructions form for details regarding gifts to donor advised funds or contact your Philanthropic Advisor for details.

Closely Held Business Interests:
Monday, December 4, 2023

• Gifts of closely held business interests, including private stock, LLC interests, and partnership interests, should be completed and received by the Trust by Monday, December 4, 2023. Gifts of closely held business interests are accepted on a case-by-case basis, so donors wishing to make gifts of this kind should contact their Philanthropic Advisor at the Trust or the Gift Planning team by contacting Don Gottesman (dgottesman@cct.org / 312.616.6141) as soon as possible to begin that process.

Charitable Trusts and Gift Annuities:
Monday, December 4, 2023

• When assets will be used to fund a charitable trust or charitable gift annuity, please contact Don Gottesman (dgottesman@cct.org / 312.616.6141) at your earliest convenience, but no later than Monday, Dec. 4, 2023, to determine whether your gift can be completed by year-end.

• Other assets, such as real estate, may require approval from our Gift Acceptance Committee. We request that you initiate these donations as soon as possible. Please contact Don Gottesman (dgottesman@cct.org / 312.616.6141) for assistance.

Questions?

The Chicago Community Trust is committed to offering the most reliable and efficient service to donors and professional advisors.

• For questions about gifts of specific asset types, please contact Don Gottesman (dgottesman@cct.org / 312.616.6141).

• For questions about grants from your donor advised fund, please contact Peggy Cassidy (pcassidy@cct.org / 773.600.5972), or your Philanthropic Advisor.

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