Year-end Giving Guide
If you are 70 ½ years old or older you can support the community you love and the causes that matter to you through an IRA Charitable Rollover*, transferring up to $100,000 per year from your IRA to the Community Foundation. —without incurring federal income taxes today or estate and income taxes in the future.
*IRA Charitable Rollover tax exemption does not apply to donations to Donor Advised Funds
How to Make Year-end Gifts
- Stock Transfers must be received in our brokerage account at Torrington Savings Bank by 4 PM EST, Monday, December 27, 2022. Download Stock Transfer Work Sheet
Contact Brad Hoar, V.P., Philanthropic Services, at (860) 626-1245 or bhoar@northwestcf.org with any questions.
- Checks must be postmarked by December 31, 2022. Please make checks payable to Northwest CT Community Foundation and write your fund name on the memo line.
- Wire Transfers should be wired from your financial institution on or before December 31, 2022.
Wire Transfer Information:
Bank Name: Torrington Savings Bank
Bank Short Name: Torrington Svgs Bk
Bank Street Address: 129 Main Street
Bank City, State, Zip Code: Torrington, CT 06790
Routing number: 211174165
Account number: 1702476870
Name/Address on Account: Northwest Connecticut Community Foundation, Inc., PO Box 1144,
Torrington, CT 06790
In addition to initiating your wire transfer with your bank, please also inform Brad Hoar, V.P. of
Philanthropic Services, at 860 626 1245 or bhoar@northwestcf.org of the pending transfer.
- Online Gifts must be made by midnight EST, December 31, 2022, through the Community Foundation website Give to a Fund page.
- Interested in giving a more Complex Charitable Gift? Contact Brad Hoar, V.P., Philanthropic Services, at (860) 626 1245 or bhoar@northwestcf.org.
Make Grants Requests
You can make grants to non-profits and Community Foundation funds online through the Fund Advisor Portal. Log into your account from the Community Foundation’s website. If you are unable to access your account, contact Christina Tranquillo at (860) 626-1245 or ctranquillo@northwestcf.org.
Grant recommendations submitted on December 15th by 4pm will be processed for 2022. Grant recommendations submitted after December 15th at 4pm will be processed in 2023.
As always, contact Community Foundation staff with any questions, concerns or comments at 860-626-1245 or info@northwestcf.org. We are always happy to hear from you.