Ways to Give

Gifts in any amount may be made to the Community Endowment, Administrative Fund or to any named fund in the form of cash, check, or appreciated securities If your company has a corporate matching gift program, you may be able to increase your current gift to the Foundation.

Appreciated Securities
Gifts of appreciated securities save income tax and also avoid the capital gains tax that would be imposed if you sold the securities yourself. For most donors, the full fair market value of stocks and bonds may be deducted for income tax purposes up to 30 percent of adjusted gross income with a five-year carryover. The actual impact of such a gift on your personal taxes should be reviewed with your tax advisor.

Closely Held Stock
These gifts may be particularly advantageous if you plan to sell your business in the near future or if the gifts carry out an objective of your estate plan. Such a gift would help your community and lower your capital gains taxes on the sale or transfer of your business. In some cases, your closely-held corporation may be able to buy back stock you donated to the Foundation, thus providing cash for the Foundation. Under IRS rules, however, such repurchases may not be prearranged. Please call the Foundation for information on making this type of gift.

Real Estate
The Foundation welcomes outright gifts of real estate if the real estate is readily marketable, of sufficient value, and free of environmental or other problems. Such gifts are subject to special review by the Foundation’s Executive Committee.

Life Insurance
Discuss with your insurance agent the use of life insurance as a planned giving tool. With the proper planning estate taxes can often be reduced or eliminated.

Leave A Legacy
The Foundation administers Leave A Legacy Greater Williamsburg, an initiative to promote giving through wills locally. For more information, visit the Leave A Legacy® Greater Williamsburg website.