Year-End Charitable Gifting Deadlines

In Estate Planning, Financial Planning, Philanthropy, Tax Planning

As we near the end of the year, it’s time to wrap up year-end charitable giving. To ensure that your gift donations are processed by year-end, please follow the deadline guidelines below for Schwab and Fidelity brokerage accounts.

Schwab Deadlines

Type of gift/contribution	Deadline requirement for 2024 tax deduction
Mutual fund	Schwab must receive letter of authorization by close of business Fri., Nov. 22, 2024.
Stock transfer via DTC or DRS	Schwab must receive letter of authorization by close of business Mon., Dec. 2, 2024.
Stock transfer via internal transfer (journal)	Schwab must receive letter of authorization by close of business Mon., Dec. 2, 2024.
Cash (check, wire, internal transfer)	Schwab must receive letter of authorization by close of business Mon., Dec. 2, 2024. Requests submitted via Schwab eAuthorization are accepted through Thurs., Dec. 26, 2024.
Qualified charitable distributions from Individual Retirement Account (IRA)	Schwab must receive letter of authorization by close of business Mon., Dec. 2, 2024. Requests submitted via Schwab eAuthorization are accepted through Thurs., Dec. 26, 2024.

Please also use the following link for a list of critical dates for Schwab Charitable to ensure they meet the IRS deadline for tax deduction eligibility: Year-End Giving Guidelines (schwabcharitable.org).

Fidelity Deadlines

Type of gift/contribution	Deadline requirement for 2024 tax deduction
Mutual fund	Fidelity must receive letter of authorization by close of business Fri., Dec. 6, 2024.
Stock transfer via DTC or DRS	Fidelity must receive letter of authorization by close of business Thurs., Dec. 12, 2024.
Stock transfer via internal transfer (journal)	Fidelity must receive letter of authorization by close of business Thurs., Dec. 12, 2024.
Cash (check, wire, internal transfer)	Fidelity must receive letter of authorization by close of business by Mon., Dec. 9, 2024.
Qualified charitable distributions from Individual Retirement Accounts (IRA)	Fidelity must receive letter of authorization by close of business Mon., Dec. 9, 2024.

Please also use the following link for a list of critical dates for Fidelity Charitable to ensure they meet the IRS deadline for tax deduction eligibility: Charitable Year End Tax Guidelines | Fidelity Charitable.

If you would like assistance with your year-end giving planning or have any questions, please contact your advisory team.

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