FAQs

A community foundation is a nonprofit organization established to meet the current and future needs of a local community. They are a trusted and valuable resource to individuals, families and their professional advisors. The Davie Community Foundation (DCF) was founded in 1988 by local philanthropists who wanted to make a difference in our community for generations to come. The DCF helps people set up charitable endowment funds to make grants and award scholarships with a goal of improving the lives of Davie County residents.

Endowments are permanently invested funds. The Foundation Board uses earnings from the endowments to award the grants and scholarships made each year. It is a little bit like “paying it forward” in that Davie people donate money to start endowment funds that help Davie people in the future. Because the endowment funds are named by the people who give the money, they remember families, individuals, companies, and groups as they make grants.

Through the Davie Community Foundation, endowment funds 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 DCF 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 Woodard and Company Asset Management Group with varying investment strategies.

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You may make a tax-deductible gift in any amount, at any time, to an existing fund by simply writing a check (payable to the Davie Community Foundation with the fund listed in the memo section); making a credit card donation online (list the fund in the comments section); or contacting President & CEO Wesley Sharpe about a stock or real estate donation.

Individuals, families, organizations or businesses may create a named endowment fund with a minimum gift of $5,000. Setting up a fund is simple. It begins with a personal conversation with our President & CEO, Wesley Sharpe. Please contact Wesley for more information about philanthropic opportunities at the DCF. Our office at 107 N. Salisbury Street in downtown Mocksville (beside Junker’s Mill) is open from 9:00 am to 5:00 pm Monday through Thursday, and other times by appointment. We may be reached at 336-753-6903 or by email at info@daviefoundation.org.

Yes. Some donors may wish to establish a fund through a planned (or deferred) gift that will come to the Foundation in the future. These can be made through your will, or by naming the Davie Community Foundation as a beneficiary of your 401K, IRA or Insurance Policy. If you are planning to make a planned/deferred gift, we invite you to tell us about your plans and become a member of the Legacy Circle. We want to recognize and celebrate your future plans.

Individuals, families, organizations or businesses may create a scholarship fund with a minimum gift of $5,000 with a minimum goal of $25,000. Setting up a scholarship fund is simple. It begins with a personal conversation with our President & CEO, Wesley Sharpe. Please contact Wesley for more information about philanthropic opportunities at the DCF. Our office at 107 N. Salisbury Street in downtown Mocksville is open from 9:00 am to 5:00 pm Monday through Thursday. We may be reached at 336-753-6903 or by email at info@daviefoundation.org.

Because Davie Community Foundation is a 501 (c)(3) public charity, contributions are tax deductible, and 100% of every gift goes into the endowment fund it is donated for. 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, and represent a reliable source for future funding needs for the Davie community.

Non-profit organizations serving Davie County residents are eligible for grants. Most Foundation scholarships are only available to Davie County residents, but we do have some scholarships available to non-Davie residents.