Hospice Support Services Fund Created with Community Foundation

Danville, VA ‐‐ Hospice Support Services has dissolved and transferred its assets to The Community Foundation of the Dan River Region. The new Hospice Support Services Fund will make grants to area nonprofit agencies to provide assistance with expenses not covered by insurance to Danville-Pittsylvania residents who have elected hospice benefit.

The Community Foundation will work through local nonprofit agencies, such as the Danville Cancer Association, to manage the financial assistance program, with the first funds expected to be available in fall 2013.

Hospice Support Services of Danville-Pittsylvania, Inc. began in 1984 as a grassroots movement within the local Mental Health Association and became a reality in 1985 with the acquisition of local grants. In 1985 patients were admitted with hospice services provided by staff and volunteers. After new licensing requirements by the Commonwealth of Virginia Health Department were implemented in 1993, Hospice Support Services worked as a nonprofit arm of Commonwealth Home Nursing & Hospice.

Currently the Danville region has several hospice providers, all of whom are for-profit. The Community Foundation is a 501c3 charitable organization and will be able to accept tax-deductible charitable contributions. The Hospice Support Services Fund would be an appropriate designation for gifts in memory of hospice patients.

“The Community Foundation is grateful that we can help continue the legacy of all the hospice volunteers and donors,” said Debra Dodson, Executive Director of The Community Foundation.

How to Give

Those who wish to support the Hospice Support Services Fund can send donations to The Community Foundation of the Dan River Region, 541 Loyal Street, Danville, VA 24541. Online credit card gifts can be made at www.cfdrr.org. Please designate if your gift is in memory or honor of someone.

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.

Appreciated Property – 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.

Wills – 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.

IRAs – The gift of an IRA to the Community Foundation of the Dan River Region can, upon your death, eliminate significant income or tax liabilities for the estate.

Life Insurance – 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.

The Community Foundation of the Dan River Region is an independent, 501c3 public charity established in September 1996 by a steering committee of local civic leaders to gather permanent funds to support our area. While the Foundation works with donors to establish funds to benefit any geographic area, our primary service area is Danville/Pittsylvania County, Virginia and Caswell County, North Carolina. Donations are also being sought to build up resources for South Boston/Halifax County, with consideration being given to other neighboring counties.