Now's the time to donate!
We are writing today to ask you to join the Community Foundation for the Ohio Valley in making a difference in our community by giving a gift to the Community Impact Fund or the fund of your choice.
The Community Impact Fund gives you the opportunity to be part of positive change through grants to organizations and programs that exist to improve quality of life for all of us!
Or you have the opportunity to start a fund of your own!
A donor-advised fund, or DAF, is a philanthropic vehicle established at a community foundation. It allows donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from a fund over time. An easy way to think about a donor-advised fund is like a charitable savings account: a donor contributes to the fundas frequently as they like and then recommends grants to their favorite charity when they are ready.
You're in luck - the Community Foundation of the Ohio Valley is the only charity in the Ohio Valley offering donor advised funds!
How do they work? You as the donor start a new fund (or contribute to an existing fund) with a lump sum asset such as cash or stocks. You get the advantage of a charitable tax deduction now with the ability to make grants of your choosing from the fund at a later date. If you can transfer the asset to us before December 31st, our charitable tax deduction paperwork back to you will be dated in 2016.
How to quickly donate assets:
- Cash - make your check payable to the Community Foundation for the Ohio Valley and mail or drop it off to 1310 Market Street, Wheeling, WV 26003.
- Stocks - please ask your financial advisor to contact us for stock wiring instructions. Contact us at [email protected] and we will e-mail the form.
It's that easy! Then later in 2017 after the hubbub of the holidays you can decide which charities will receive grants from your fund.
We know you have many opportunities to give to others this year, please consider making a difference right here in the Ohio Valley.
Here's wishing you and your family a very merry holiday season!
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