The Community Foundation 317 South Main Street Harrisonburg, VA 22801 (540) 432-3863 www.tcfhr.org
Fall
Newsletter 2019
NOVEMBER 2019
A Great Time to be Generous! December is one of the busiest months of the year. This is especially true for those who are donors. There is a deluge of requests from charities, each who contribute to making our communities better. Donors could be overwhelmed with daily solicitations. So how do donors best determine where their charitable dollars go? Might I suggest you contact your local community foundation? Our business is philanthropy. Our job is to know the donor and their goals, learning the needs of nonprofits, and the overall needs of our communities. We can easily answer your questions. Take advantage of The Community Foundation experience. Now might be the perfect time to create or add to a fund at The Community Foundation. A donor-advised fund provides great flexibility. The donor gives a sum of cash or marketable securities to the fund and maintains advisory privileges on the fund. In short, the donor makes a tax deductible donation in the current year and then can recommend grants from that fund for many years to come to meet their philanthropic goals. There are also other types of funds and we would be glad to discuss these at any time. In addition, holders of traditional IRAs who are at least 70½ years old may be eligible to make direct charitable transfers up to $100,000 from their IRAs and exclude the amount distributed from their gross income at tax time. The Community Foundation can help donors execute the transfers and choose from several charitable fund options for their gift or simply distribute it to multiple charities. We are here to assist in any way we can and believe there are great ways to be generous.
Grants for Animals and Emotional Support are Announced! Hildred Neff Memorial Fund Grantees Anicira Veterinary Center $3,525 awarded Cat’s Cradle of the Shenandoah Valley, Inc. $3,525 awarded Rockingham Harrisonburg SPCA $7,167 awarded Valley Rescue Allies Incorporated $3,525 awarded Wildlife Center of Virginia $1,000 awarded Sean Warner Memorial Endowment Fund Grantee Family Life Resource Center $449 awarded To learn more about these and other opportunities for grant funding visit the Grants Available page on our website: www.tcfhr.org.
MISSION STRENGTHENING OUR COMMUNITIES THROUGH PURPOSEFUL GIVING AND ACTIVE ENGAGEMENT