The Southeast Virginia Community Foundation is prepared to accept and take care of a variety of donated assets. We are always happy to help you chose a giving technique that works best for you. We encourage you to discuss your options with us and your professional advisor(s).
Feel free to click on any of the items below to read about what you can give and how.
A legacy of giving. Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through your community foundation, we establish a special fund that benefits the community forever and becomes your personal legacy of giving. You can decide to do it at any age by adding to an existing will or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle. And, you are able to distribute some or all of your assets, tax free.
Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community. You transfer assets into a trust, and the trust pays you, or a beneficiary you designate, regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the community foundation. You may choose to receive a fixed income or one that changes with market conditions – income from the Charitable Remainder Trust you establish may add up to more than interest and dividends you earned from holding the assets. The amount of annuity paid and the tax deduction received depends on the age of the recipient and the current annuity rate (as established by the Internal Revenue Service).
A Charitable Lead Trust helps you build a charitable fund with your community foundation during the trust’s term. When the trust terminates, the remaining assets are transferred to you or your heirs, often with significant transfer-tax savings. You transfer assets into a trust, which pays the community foundation an annual amount to build a charitable fund. During its term, the trust can be managed expertly by experienced trust professionals, which may help your trust investments grow over time. When the trust terminates, either upon your death or after a specified number of years, its final assets are transferred to those you designate; any growth in the trust passes to recipients, often with significant transfer-tax savings. A Charitable Lead Trust shelters investment earnings from tax, and it offers gift, estate, and generation-skipping tax benefits. A Charitable Lead Unitrust makes annual distributions of a fixed percentage of the trust assets to the charitable fund you establish. If you create a Charitable Lead Annuity Trust, the charitable fund you establish will receive a fixed dollar amount each year.
Creating a charitable fund at SEVACF is a great way to establish a philanthropic legacy because it allows to to give now and in the future. Learn more
about creating a charitable fund.
Turn what you have into charitable good. Save cash – Donate some property!
You can make a gift of cash, stocks, bonds, real estate or other assets to your community foundation. Most charitable gifts qualify for maximum tax advantage under federal law.
Making a charitable gift of real estate through your community foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. You may choose to give real estate outright and receive an immediate tax deduction, or retain the use of the property during your lifetime and make a planned gift to your community foundation. A gift of real estate must be professionally appraised to establish its fair market value. It is also assessed for compliance with our acceptance policies to make sure its resale will provide the appropriate value to community.
Your community as your beneficiary. Life insurance provides a simple way for you to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime. You can use regular payments from a Charitable Remainder Trust to establish an irrevocable life insurance trust. The trust can purchase insurance on your life to benefit your heirs. This way, you can make a gift to your community foundation and replace the value of this gift within your estate with life insurance proceeds.
Your gift of stock is reinvested in our community, and it qualifies for an immediate tax deduction based on the market value. You can avoid capital gains taxes that would be due as a result of its sale and establish a charitable fund that benefits the local causes and organizations you care about most.
With Kroger’s Community Rewards
program, which earns millions of dollars year after year for local nonprofits, fundraising for your favorite charity has never been easier. Anyone with a Kroger Plus Card can enroll in the Community Rewards program and can select a local organization to support. Once your Plus Card is linked to the Southeast Virginia Community Foundation, we’ll begin earning money every time you shop at Kroger and swipe your card.