Types of Gifts
The Community Foundation of the Dan River Region welcomes gifts of all sizes. We accept gifts in any amount and you can donate now or we can help you plan for a later gift in your estate plan. Our goal is to provide strategies to help your donation be more effective. When you contact the Community Foundation of the Dan River Region our only requirement is a desire to do good for the community. We are here to facilitate your wishes.
There are many types of gifts; the Community Foundation of the Dan River Region can help guide you to find the type of donation that best suits your needs.
An annual monetary gift may be made to support either the Community Foundation of the Dan River Region in general, or specifically, to any of its more than 92 funds.
Gifts may be given in memory or in honor of individuals, as designated by the donor. Notifications can be sent to family members upon request.
A gift can be used to establish an endowment fund in the donor’s name. There are several types of funds in this category, such as Advised, Designated or Field of Interest.
In addition to monetary donations, the Community Foundation of the Dan River Region also accepts donations of property and other assets. These donations can often relieve tax burdens for those who donate, their estates or their heirs. Our professional Advisors will work with you to find the best options available for maximizing your gift’s value.
Gifts of stocks, bonds, mutual funds and real estate can result in dual tax benefits; the full value of the assets are usually deductible, with no capital gains tax paid on the appreciation.
A will bequest made to the Community Foundation of the Dan River Region is deductible for federal estate tax purposes and may result in additional savings on state inheritance and estate taxes.
The gift of an IRA to the Community Foundation of the Dan River Region can, upon your death, eliminate significant income-tax liabilities for the estate.
The IRA Rollover allows people age 701/2 and older to make direct transfers totaling up to $100,000 per year to qualified charities, without having to count the transfers as income for federal income tax purposes. To learn more please look at our Frequently Asked Questions Handout.
A life insurance gift, through a new or existing policy offers a cost-effective way to make a significant gift to the Community Foundation of the Dan River Region.
If you have any questions about making your gift of life insurance, please contact us with your questions or comments.