Frequently Asked Questions
Below are some of the most commonly asked questions about giving through the Davie Community Foundation:
Q. How do I give to a fund at the Davie Community Foundation?
A. You may make a tax-deductible gift in any amount to an existing fund by simply writing a check or contacting DCF staff about a stock or real estate donation.
Q. What if I want to create my own fund?
A. Individuals, families, organizations or businesses may create a named fund with a minimum gift of $5,000. Acorn Funds may be started with $1,000 but must grow to $5,000 before they are invested as a permanent grant making fund. Setting up a fund is simple. Foundation staff will assist you in creating a fund that meets your charitable goals. You may make contributions at any time, adding additional gifts when it benefits you most. 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 Davie Community Foundation?
A. Because DCF is a 501 (c)(3) public charity, contributions will ease your tax burden. Gifts qualify for maximum deductibility for income, gift and estate tax purposes. Gifts to endowments become a permanent investment in Davie County organizations and people. They represent a reliable source for future funding needs.
Q. How are the funds of the DCF managed?
A. Through the DCF, 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. Currently, funds are managed by The Trust Company of the South and Woodard and Company Asset Management Group.
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 DCF. 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. Regardless of timing, a named fund leaves your legacy of caring for our community! Click here to learn more about types of gifts.