You can make a contribution of any size simply by writing a check to The Greater Kanawha Valley Foundation. If your gift is for the general charitable needs of the community, it will be placed in one of the general Funds established at each of the trustee banks to receive memorial, honorary, and undesignated gifts, both large and small. If you have special charitable purposes in mind, you can direct your gift to any of our Funds that meet that purpose. If you would like to assist in the work of the Foundation and help defray administrative expenses, you can direct your gift to the Thomas N. Chambers Administrative Fund or the Charles W. Loeb Valley Promotion Fund, both of which were created to address those needs.
Why You Should Give
Simplicity
A gift to the Foundation will simplify your charitable giving. One contribution may address several needs and benefit many charitable organizations in the community, therefore relieving you of the burden of identifying those agencies which address your specific purposes.
Tax Benefits
The Greater Kanawha Valley Foundation is a public foundation under federal tax law and your contribution qualifies for maximum deductibility for income, gift, and estate tax purposes.
Accountability
All receipts and expenditures are independently audited and fully disclosed to the public. There is no family or special interest control.
Security
Each Fund’s assets are managed by investment professionals according to broad guidelines set by the Foundation’s Board of Trustees.
Flexibility
The Foundation has the ability to address the changing charitable needs of the community as they arise. If the original purpose of your gift becomes impractical or obsolete, the Board of Trustees is empowered to redirect it to related purposes without the expense or delay of court action.
Perpetutity
The Foundation administers your gift to the community and it becomes part of a perpetual trust; its income continues through the years to satisfy your philanthropic purposes. Your gift can never lapse unless you designate otherwise.
Economy
A small, professional staff operates the Foundation. Administrative expenses are covered by a modest charge against the income of each fund and by donations made to help meet such expenses. Traditionally, the trustee banks and investment managers have generously reduced their fees for managing Foundation assets.
Contributions may be made over a period of time until the $10,000 level required for a separate, named Fund is reached. These “incubating funds” are available for any of the foregoing fund types.
Make a Bequest In Your Will
You can designate The Greater Kanawha Valley Foundation to receive a certain dollar amount as the beneficiary of your estate or as the residuary or contingent beneficiary. Such bequests are free of estate and inheritance taxes. Your attorney may want to consult us regarding the proper wording of your will in order to carry out your charitable purposes. Click Here for Language for a Bequest
Contribute to an Existing Fund
You may make a contribution of any size simply by writing a check to The Greater Kanawha Valley Foundation. If you donate to the general charitable needs of the community, we’ll place your gift in a general Fund. If you have special charitable aims, you may direct your gift to any of our Funds that meet your purposes.
When You May Give
You can make a charitable gift at any time. Often the issue arises during estate planning, tax planning, or when a pressing need develops in the community. The staff at The Greater Kanawha Valley Foundation can answer any questions you or your professional advisor may have about your charitable options and building a giving plan.
Deferred Gifts
A deferred gift means that you, or someone you choose, can receive a lifetime of income from your irrevocable future gift to the Foundation. This deferral offers a triple advantage: you receive a tax deduction now for a gift you make later; you remove assets from your estate now, avoiding estate taxes on the gifted assets; and you may be able to increase your current spendable income. You can use the following types of deferred gifts to create a Fund: life insurance gifts, charitable remainder trusts, and charitable lead trusts.
