Insights
November 13, 2024
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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