Partnering with the Community Foundation ensures that your philanthropic passions create impact now — and for generations to come. Join the transformation of our community by investing in the work and services of individuals who know this place well.
Creating a fund is easy and simple. We’ll work with you to explore options, dream about who and what you might impact, and plan for other priorities.
Explore local funding needs in this free nonprofit directory.
Explore giving opportunities that fit your interests.
Share and commemorate their legacy for years to come.
Cash
The simplest way to make a gift by check or credit card.
Life Estate Arrangements
A form of joint ownership that allows the current property owner to remain in the home or farm until death, at which time the property transfers to TCFHR.
Bequests
Naming a gift such as setting up an endowment in your family’s name, in your will or living trust can help to support your philanthropic priorities in perpetuity.
Required Minimum Distributions (RMD)
If you are 73 and older, you can make Qualified Charitable Distributions of up to $108,000 directly to us which counts towards your Required Minimum Distribution (RMD) and is not treated as taxable income to you.
Stocks, Bonds, Mutual Funds
Gifts of appreciated securities — stocks and bonds, including stocks in closely held companies — can provide important tax advantages. The full fair market value of the donated appreciated securities is fully deductible as a charitable contribution for federal income tax purposes. Unused deduction amounts exceeding this limit can be carried forward for up to five more years. In addition, you do not pay federal capital gain tax on the appreciated portion of the gift.
Life Insurance
By assigning ownership to TCF, you can receive a tax deduction for the cash value of the policy and the premiums paid each year.
Charitable Trusts
Established with a gift of cash or securities, this kind of trust distributes income to a designated charity for a set number of years.
Qualified Charitable Distributions (QCD)
If you are 70 1/2 or older, you can make a Qualified Charitable Distribution (QCD) directly to us from your IRA which can lower your taxable income. QCD’s can also count towards your RMD totals.
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Tired of dealing with receipts? Our QCD Program provides hassle-free giving. Let us do the work and save you time and energy.
—Donors (or their financial advisors) send TCFHR one check and a list of charities and designated amounts.
—We forward the funds to the charity on the donor’s behalf.
—The donor receives one receipt.
A flat fee of $100 and 5% of the total gift (a minimum of $500) is charged for non-fundholders.
Working with us, even the fee benefits the community! The $100 covers administrative costs to process the gift, therefore supporting the work of the foundation. The 5% helps support one of four endowments, donor’s choice, supporting food pantries, Dolly Parton’s Imagination Library, vocational education or general community needs.
Real Estate
Contribute all or portions of acreage, or a residential or commercial property.
Private Foundation Assets
A private foundation can make a direct gift or transfer all or part of its assets to TCF. The identity and purpose of the original donor are preserved, and the donor or others designated by the donor can participate as fund advisors. Because TCF is a public charity, there are no taxes to pay and we are responsible for all accounting and reporting requirements. Also, you have the assurance that a permanent nonprofit organization is in place to administer the fund forever.
Pension Plan Assets
Donate assets bought with the contributions to a pension plan.
Explore tax benefits of donating through TCFHR, including how you can support Virginia K-12 students in need.
Benefitting local adult students pursuing vocational studies to improve their future
Supporting local pantries in their food purchases
Support literacy skills development through this program that mails free books to local children from birth to 5
Responding to the area’s critical needs
An important decision when creating your fund is whether you want to make it last forever. Forever funds are endowments, which come with several advantages.
