Akron Community Foundation’s board recently announced grants totaling $2,461,000 and approved $563,000 in competitive civic affairs grants chosen by the foundation’s Community Investment Committee. Included in this round of funding is the Akron Marathon, which received $12,500 for enhancements like course modifications and the ability to livestream the event.
Like any donor-advised fund, the starter fund is a simplified, flexible and affordable option for beginning your strategic philanthropic journey. With an initial $300 donation, you can establish your donor-advised starter fund and take up to three years to build it to the $5,000 balance required of donor-advised funds.
Akron Community Foundation’s board of directors recently approved $300,000 in capital grants, selected by the foundation’s Community Investment Committee. Every other year, the foundation offers these grants to nonprofits that need funding to renovate or repair buildings or property, or to purchase equipment essential to the organization’s ability to deliver quality programming.
Have you thought about how you will make a charitable impact this year? With input from our Professional Advisor Council, we have created a Year-End Giving Guide with strategic tips to help you maximize your tax savings through philanthropy. Akron Community Foundation can accept gifts from the simple to the complex, including qualified charitable distributions from IRAs and closely held stock.
Here are a few reminders to ensure you meet year-end giving deadlines:
Gifts must be postmarked or made online by 11:59 p.m. on Dec. 31 to earn a tax deduction for 2022.
To ensure stock gifts can be processed by the end of the year, we recommend initiating transfers by Dec. 12, 2022.
For donor-advised fundholders, grant recommendations should be submitted by Dec. 2, 2022, to ensure end-of-year delivery.
Akron Community Foundation recently welcomed nine new charitable funds to our growing family, including one that will benefit ArtSparks, bringing our total number of funds to more than 800. See the full list and learn how easy it is to start your own charitable fund on our website.