Charitable gifts can be made all the way up to the very end of the year, but giving earlier in the calendar year can maximize the impact of your contribution and can provide further benefits for you and the charities you support.
Here are a few advantages of giving early with TrustBridge Global:
1. Beating Tax Deadlines
In countries that provide tax deductions for donations made during the calendar year, giving earlier ensures that you can claim deductions for the current calendar year’s taxes without worrying about missing donation cut-off dates for tax claims.
2. Sufficient Time to Vet Charities
For donors intending to give to new charities, giving early provides ample time for the TrustBridge Global team to conduct due diligence on the charities, so they can be vetted to receive donations if qualified.
3. Better Planning
Giving early allows the charities you support to plan their activities for the upcoming year more efficiently.
4. Peace of Mind
Donors and charities can enjoy peace of mind when contributions are sent early in the year as they are assured that gifts will be received in time, even with unforeseen complications or delays.
5. Holiday Cheer
In many parts of the world, charities conduct year-end programs coinciding with the holiday season. By giving earlier, these charities can be assured they will have the necessary funding to implement their year-end programs, benefiting various communities.
Important Reminders
Keep these dates in 2024 in mind when donating to TrustBridge Global. Doing so will ensure that transactions are processed and credited within the calendar year.
Key Dates for Donors
| Date | Topic | Note |
|---|---|---|
| November 15, 2024 | New Charities | For grants to new organizations, TrustBridge strongly advises submitting your charity recommendations on or before November 15, 2024. This will provide your recommended charity plenty of time to submit their Charity Fund application to TrustBridge. |
| December 1, 2024 | Foundation Fund | Contributions intended to fund a grant to a charity within the calendar year 2024 need to be in your TrustBridge Foundation Fund by December 1, 2024. |
| December 10, 2024 | Recurring Bank Checks | Recurring bank checks should be received no later than December 10, 2024. |
| December 15, 2024 | Online Payments | All electronic donations (i.e. ACH, SEPA, etc.) should be completed by December 15, 2024. |
| December 23, 2024 | Wires | Wire transfers to TrustBridge Global accounts should be done by December 23, 2024 at the latest. |
| December 23, 2024 | Stocks | Stock donations need to be made by December 23, 2024 at the latest. |
| December 30, 2024 | Credit Cards | Credit card donations should be processed on or before December 30, 2024. |
| December 31, 2024 | Physical Checks | U.S. donors giving by physical checks need to have their checks postmarked by December 31, 2024 at the latest. |
Key Dates for Charities
| Date | Note |
|---|---|
| November 15, 2024 | New projects need to be entered by charities in GivingSpace by November 15, 2024. |
| November 15, 2024 | Creation of new Charity Funds should be completed by November 15, 2024 to facilitate gift distributions within 2024. |
| December 17, 2024 | Charity distribution requests entered through the TrustBridge Global Portal should be made on or before December 17, 2024. |
We understand that charitable giving regulations will differ from country to country, and some cases may require further consultation. For questions or clarifications, please don’t hesitate to contact us.
Download a copy of the 2024 TrustBridge Global Year-End Giving Guide.