Year-end Giving Guide

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.

Contact your Community Foundation staff at: (860) 626-1245 to discuss your charitable giving options and goals.