| Q. |
How do I give to a fund of the Community Foundation of Davie County? |
| A. |
You may make a tax-deductible gift to an existing fund during your lifetime or through your will.
|
| Q. |
What if I want to create my own fund? |
| A. |
Individuals, families, organizations or businesses may create a new fund with a minimum gift of $5,000. Setting up a fund is simple. Foundation representatives will discuss your charitable goals with you and create a fund that expresses your wishes. You can make contributions at any time, adding additional gifts when it is to your best advantage. You may donate to your fund right away with a current gift, or it can be established now and funded through a deferred gift from your estate. Click here to learn more about the various types of funds.
|
| Q. |
What are the advantages of giving to The CFDC? |
| A. |
Because the CFDC is a public charity, contributions will ease your tax burden. Gifts qualify for maximum deductibility for income, gift and estate tax purposes. Foundation staff and volunteers, along with the Foundation Board of Directors, will evaluate the funding requests and assure that community needs are matched with available funds.
|
| Q. |
How are the funds of The CFDC managed? |
| A. |
Through the CFDC, your gifts are pooled with others and managed for economies of scale and maximum investment results. The Foundation
Investment/Finance Committee, with approval of the Board of Directors,
closely monitors the investment decisions and performance
of the Community Foundation money
managers. Donors are kept advised of the status of their gifts and funds by way of reports and/or personal briefings.
|
| Q. |
What type of gifts may be made to a fund? |
| A. |
Some donors may wish to establish a fund and make an immediate (or current) gift by transferring assets to the CFDC. Others may decide to make a planned (or deferred) gift that will come to the Foundation in the future. Some donors combine both current and deferred gifts. Click here to learn more about types of gifts.
|
