Ways to Give
CACF’s mission is to support the Charlottesville-area community through grantmaking and charitable giving. We offer simple, varied ways for individuals, families, businesses and organizations to practice meaningful philanthropy within our community.
The Charlottesville Area Community Foundation features a variety of gifting options and vehicles that you can use to establish or add to a named charitable fund. Once your fund is established, you can add any amount to it at any time. CACF is recognized by the Internal Revenue Service as a public charity, so donors are provided the maximum tax benefits allowed by law.
Ways to Give
- Outright Gift - Donors can make a gift of cash, stocks, bonds, real estate or other assets to CACF. The donor’s charitable gift will qualify for tax advantages under federal law.
- Bequest by Will - Donors can designate all or a portion of their estate to CACF.
- Charitable Gift Annuity - Donors can make a gift of cash, securities, or property to CACF now, get immediate tax benefits, and ensure that they or their loved ones receive income payments for life. CACF will pay out a set dollar amount each year in exchange for an irrevocable gift.
- Charitable Remainder Trust - Donors can make a gift of cash, securities, or property to CACF now, get immediate tax benefits, and design a highly customizable trust. Donors can select the income beneficiary(ies), the amount of the annual income payments (within limits set by the IRS), the term of the trust, and the assets that will fund the trust. CACF will pay out a specified dollar amount until all the income rights have terminated. At that time, CACF (and any other designated charities) will receive all the property held by the trustee.
- Charitable Lead Trust - Donors can place cash or property into a trust that pays a fixed amount to CACF for the number of years they select. Once this period ends, the assets held by the trust are transferred to the beneficiaries they name. Such a trust may be used to avoid potential taxes while passing assets on to descendants and benefiting CACF.
- Retained Life Estate - Donors can make a gift of their home, farm, or vacation home, obtain immediate tax deductions, and still continue to use the property for as long as they wish. Only after they no longer need the property will CACF assume the usual ownership rights.
- Beneficiary Designation of Retirement Funds, IRAs, and Life Insurance - Donors can name CACF as a direct or contingency beneficiary of all or a portion of their retirement funds, IRAs, life insurance policies and other assets.
- Transfer of a Private Foundation - Donors who have a private foundation might consider transferring some or all of the assets to a donor advised fund at CACF. Terminating the private foundation and transferring it to CACF will allow donors to continue to be directly involved in making charitable gifts, but save on the time and costs involved in maintaining a private foundation.
Our knowledgeable staff is eager to talk with you and your financial advisor about these opportunities. Our website offers detailed information about these options, and we urge you to contact us for more information or to answer any questions you may have.