Ways To Give
By partnering with the Community Foundation, you will join hundreds of committed citizens who are working with us to solve the most challenging problems in Mercer County, West Virginia and Tazewell County, Virginia.
Whatever your philanthropic dreams, the Community Foundation of the Virginias provides expertise and flexibility in charitable giving.
You can create a lasting tribute to a friend or a loved one by giving a memorial gift to the Foundation. You can also honor special occasions such as birthdays, anniversaries, holidays, and special ceremonies for people you care about with a gift made in their name.
The Foundation will work with donors to create an endowment and giving program customized to their passions, assets and personal and financial goals. Charitable gift planning through the Community Foundation allows donors to create a philanthropic legacy to support the issues and causes that are important to them long into the future, and in the process help them realize financial, tax and estate planning benefits.
The following information will help donor achieve their philanthropic goals:
Endowment Fund Options
Individuals, families or others that wish to create and establish their own permanent endowment funds may select the type of fund that best suits their charitable interests, name the fund, and determine how to fund it. A minimum of $10,000 is required to establish a fund.
Build-A-Fund - The Foundationís Build-a-Fund option enables donors to develop a charitable fund over time. This opens the door to those who would like to give back to the community, but need time to accrue the $10,000 endowment amount. A fund can be established by making tax-deductible contributions of at least $2,000 a year over a five-year period.
The following options may be utilized in setting up a fund that will achieve the donor's philanthropic goals:
Unrestricted funds provide the Board of Directors the most latitude and flexibility in responding to changing community needs in the broadest areas of charitable interests for the present and future.
This type of fund addresses the particular areas of charitable interest (Education; Health; The Arts, Culture and the Humanities; and Human Services) or needs of the donor, but does not limit grants to a particular nonprofit organization.
A Donor-Designated Fund allows the donor to name one or more specific nonprofit charitable organizations to receive grants from the fund.
In a Donor-Advised fund, the donor or an appointed Advisory Committee makes periodic recommendations for grant distributions from the fund.
This type of fund allows nonprofit organizations to establish a named permanent endowment fund for their own benefit within the Foundation, rather than establishing and managing a separate fund or foundation themselves.
Scholarship Funds provide an opportunity for a donor to aid area students in furthering their education.
For a list of the endowed grant and scholarship funds managed by the Community Foundation, go here.
If you need additional information, or desire to establish a fund with the Community Foundation, please contact us by calling 304-324-0222, by mail at PO Box 4127, Bluefield, WV 24701, or by email at firstname.lastname@example.org or email@example.com.
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