Make a positive impact on your community

This giving season we are glad to work with you to help you achieve your philanthropic goals. If you are considering making a gift to benefit your community here are some important dates and tips.

Thank you for being part of our work at Galesburg Community Foundation. This giving season we are glad to work with you to help you achieve your philanthropic goals. If you are considering making a gift to benefit your community, below are a few dates you will want to be aware of. As always, we encourage you to consult your professional advisor to help you accomplish your philanthropic goals.

  • Donations of Cash & Checks- Checks mailed to Galesburg Community Foundation must be post-marked by Tuesday, December 31, 2019, to be counted for tax purposes in 2019. These gifts may be mailed to Galesburg Community Foundation at 246 E. Main Street, Suite 101, Galesburg, IL 61401. Contributions can also be made on our website via credit card and must be completed by Tuesday, December 31 at midnight.
  • Gifts of Stock and Other Appreciated Assets- Charitable gifts of low basis stock and other appreciated assets are excellent options to consider gifting and can potentially result in considerable savings for income and capital gains taxes. Please contact our office by Friday, December 20, about gifts of stock, IRA distributions or grain. These gifts can take extra time to reach our office. If you know of clients planning to do this please notify us by replying to this email or call our office at 309.344.8898 so we can ensure it processes by December 31.
  • IRA Qualified Charitable Distributions- Individuals who are 70 1/2 or older may gift all or a portion of your 2019 IRA Required Minimum Distributions (RMD)– up to $100,000 per individual or $200,000 per married couple– to the causes you care about through Galesburg Community Foundation, while reducing your 2019 Adjusted Gross Income. These gifts must be transferred or post-marked by Tuesday, December 31.

Galesburg Community Foundation’s normal office hours are 8:00 am–4:30 pm. Our office is closed Monday, December 23 through Thursday, December 26. We are open normal hours (8:30 am- 4:30 pm) on Friday, December 27 and Monday, December 30. Please know we are happy to sit down with you or talk on the phone about how we can help make year-end giving simple.

We wish you a healthy and safe New Year. We look forward to working with you in 2020 to bring even more generosity to Knox and Warren Counties.

YOU MIGHT ALSO BE INTERESTED IN

The new site of the FISH of Galesburg food pantry at the corner of Henderson and Main Streents.

A new home: FISH of Galesburg gets a facility upgrade

FISH of Galesburg has moved to its new home on Main Street.

Ribbon-cutting of the new River Bend Food Bank, Galesburg Branch and FISH of Galesburg food pantry

Celebrating our largest Mission Impact Investment: River Bend Food Bank, Galesburg Branch and FISH of Galesburg food pantry

The region celebrated the new home of River Bend Food Bank, Galesburg Branch and FISH of Galesburg food pantry with a public open house and ribbon-cutting on November 15.

Exterior of River Bend Food Bank - Galesburg Branch

New River Bend Food Bank Regional Hub and FISH Food Pantry to open with public ribbon-cutting celebration

Galesburg Community Foundation Mission Impact Investment boasts more resources, increased food access for families in need in Knox County and surrounding areas

In the new cooler space ae, from left, Lions Club Teasurer Dave Pearson, River bend Food Bank Galesburg Branch Site Director Aaron Baron, Galesburg Community Foundation President & CEO Josh Gibb, FISH of Galesburg President Diane Copeland, Lions Club Past President Kim Norton, and FISH of Galesburg Executive Director Elizabeth Culbertson.

Coming together to combat hunger: Lions Club leverages international investment for regional impact

It was during COVID-19 that the extent of food insecurity in the region became clear to the Galesburg Lions Club.

L to R: Galesburg Community Foundation Board President John McClean, Galesburg Public Library Foundation Executive Director Heather Sipes, Galesburg Community Foundation President & CEO Josh Gibb, and Galesburg Library Director Noelle Thompson.

New Galesburg Public Library Receives More Than $1 Million Through Match Grant

In just nine months, more than $1 million was raised for Galesburg’s new library through a match grant challenge by the Galesburg Community Foundation to the Galesburg Public Library Foundation.

Jordan Holcomb

Meet the New Assistant Manager at Community Treasures

Jordan Holcomb brings a love for customer service to his role as the assistant manager at Community Treasures, a trendy, philanthropic thrift shop.