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Ways to Give Endowment Funds
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Ways to GiveGiving can take a variety of forms. Careful planning can help maximize the advantages to you and to VGIF. Through planning and commitment, you can make a difference in the future of women and children around the world. Since the Virginia Gildersleeve International Fund qualifies as a public charity under Section 501(c)(3) of the Internal Revenue Code, a gift to VGIF is deductible on US federal and state income tax returns as a charitable contribution to the maximum extent permitted by law. Cash provides the most immediate gift and translates into instant use for project support or may be directed to VGIF’s several endowment funds. It provides current tax savings for the donor. Appreciated securities or mutual fund are a wonderful alternative to cash gifts. If you have owned the shares for more than one year, you get double tax benefits of (1) a charitable deduction based on the fair market value of the securities and (2) the avoidance of capital gains taxes. A gift of securities may be put to work immediately or added to an endowment fund to help it grow for the future. Matching gifts enable businesses to match employees’, family members,’ and retiree’s personal gifts. This is an easy way to enhance the impact of your gift. Information on your company’s matching gift program is usually available at your Human Resources department. Gifts in kind are tangible personal property gifts that can be an effective way to support the Virginia Gildersleeve International Fund. They may range from books to real estate to computer equipment, and may be given through an outright contribution or through a trust or bequest. Gifts in kind can be used by VGIF or sold. Special rules apply for reporting gifts of certain property. The responsibility for an official appraisal rests with the donor. Estate gifts. Life income gifts - gift annuities, charitable lead trusts, charitable remainder trusts, IRAs and qualified retirement plans, gifts of life insurance, and bequests - all provide ways to donate through planned giving. Specific bequest language can be found on the VGIF web site: www.vgif.org/plannedgiving.htm Leadership Societies VGIF’s leadership societies are composed of individuals and organizations that provide exceptional support each year. “VGIF Founders” are those visionary donors who make a particularly generous gift to VGIF through their estate plans. “VGIF Ambassadors” are those who make a commitment to assist VGIF’s work with a gift of $1,000 or more a year. “VGIF
Leaders” are those who give $2,500 or more annually. |
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