Everyone is important in building community philanthropy! A community foundation offers many ways for donors of any means to meet their charitable goals. Check out the FAQ page to view questions commonly asked about giving through the Foundation, and their answers.
Gifts to the the Davie Community Foundation can be made through several vehicles. Current gifts take the form of:
- Cash
- Publicly traded stock
- Closely held stock
- Real Estate
Deferred gifts may be created through the following vehicles:
Bequest – Perhaps the simplest form of planned giving and the vehicle most commonly used. The donor makes a provision in his or her Will or Living Trust for a gift to the Foundation (DCF).
Charitable Remainder Trust (CRT) – Allows donors to place an asset, such as cash, securities or real estate in a trust, which is then sold and invested. Gifts to a CRT are tax-deductible and no capital gains tax is paid when the securities or real estate are sold. A Charitable Remainder Trust provides income to the Donor, or a loved one for life, after which the Trust goes to the DCF for a purpose the Donor has specified.
Charitable Lead Trust (CLT) - Pays income to the DCF for a set term of years, after which time, the Donor (or his or her heirs) receives the assets. A CLT allows the Donor to pass the gifted assets to his or her heirs with a substantially reduced gift or estate tax burden.
Individual Retirement Account (IRA) – Designating the DCF as the beneficiary of an IRA is an excellent way to make a gift to charity, using an asset that otherwise might be heavily taxed (up to 80%) as part of the Donor’s estate.
Life Insurance – The Donor names the DCF as the owner and beneficiary of a new or existing life insurance policy, and receives a current income tax charitable deduction. The Donor may also name the DCF as beneficiary of an existing life insurance policy and receive an estate tax deduction upon his or her death.
A list of non-profit organizations in Davie County can be found here.
