Fundholders
Advisors
Give Now
How to Give
GIVING IS FUN WHEN YOU KNOW WHERE TO START
STEP 1
DEFINE CHARITABLE PASSIONS
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Why do you give?
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What gives you the greatest satisfaction when you give?
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What organizations do you currently give to?
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Why do you support these charities?
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What issues do you care about?
STEP 2
DETERMINE WHAT TO GIVE
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What is your tax situation?
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Do you have any major life events coming up that could impact your giving?
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Are you considering leaving a portion of your estate to charity?
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Would you prefer to give cash or non-cash assets?
STEP 3
DETERMINE WHEN TO GIVE
Give Now:
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Give to an existing fund.
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Set up your own fund & direct dollars to support your favorite charity.
Give Later:
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Leave a lasting legacy through your will or trust.
We Make Giving Simple
Giving through a community foundation doesn't have to be complicated. With just a few thoughtful considerations, you can create a lasting impact for the causes and communities you care about most. Whether you're setting up a fund, contributing to an existing one, or exploring planned giving options, our team is here to guide you every step of the way. Let us show you how easy it is to make a difference.
What to Give
Your generosity can create a lasting impact while at the same time allowing you to give strategically. By contributing assets like appreciated stocks, retirement accounts, or real estate, you can support the causes you care about and maximize your tax benefits. Talk with your financial advisor to explore what option might be best for you, or contact us today!
CASH
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A cash gift is the easiest way to start a fund or make a gift to an existing fund.
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Cash gifts are fully deductible up to 50% of the donor's adjusted gross income in any one year.
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Deduction amounts exceeding this limit may be carried forward for up to five additional years.
STOCK
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Avoid long-term capital gains tax by donating appreciated stocks or securities that you have owned for over a year.
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Receive a charitable income tax deduction based on the full fair market value of the security.
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Examples include gifts of stock, bonds, and business interests.
RETIREMENT
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Include the foundation as a beneficiary of your retirement account. We receive the full amount and pay zero income tax, getting the entire benefit of your gift!
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If you are 70 1/2 or older you can contribute up to $150,000 from your IRA directly to the foundation (with the exception of donor-advised funds) and avoid paying income taxes on the distribution.
REAL ESTATE
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Avoid paying capital gains tax on the sale of real estate.
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Receive a charitable income tax deduction based on the full fair market value of the property.
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All gifts of real estate are liquidated with the proceeds of the sale going to the fund of your choice.
GRAIN
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Transfer and donate the grain to the Foundation's account at the grain elevator and we will sell it with proceeds going into the fund of your choice.
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Avoid income tax on the donated grain.
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Deduct the production cost of the donated grain if applicable.
LIFE INSURANCE
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Name SVCF the owner and benficiary of an existing or new life insurance policy.
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Receive an immediate tax deduction.
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All premium payments you make after that will be deductible as a charitable contribution.
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Easy to implement, with minimal paperwork to execute.
WILL DESIGNATION
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Naming the foundation as a beneficiary in your Will is a simple way to make a lasting gift.
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You can leave a gift to an existing fund or create your own.
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Talk with your professional advisor or utilize our estate planning expert, John Griffen free of charge.
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Learn more about our Keep 5 in Mitchell County initiative.
FARMLAND
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COMING JULY 1, 2025
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Allows charitable gifts of farmland to continue providing income to the causes that landowner donors care about.
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By donating farmland to SVCF, the farmland remains locally owned and mangaed, while also producing income for grantmaking purposes to local charitable causes.
CRYPTO
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Donate your cryptocurrency using The Giving Block platform.
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Avoid capital gains tax on appreciated cryptocurrency held for at least one year.
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Receive a charitable income tax deduction based on the full fair market value of the cryptocurrency.
Flexible Funds to Fit Your Vision
Creating a fund at the Solomon Valley Community Foundation is an easy way to invest in the health and vibrancy of the organizations that are meaningful to you.
In a few easy steps, you can determine which type of fund is the best option for your needs and begin to put your charitable dollars to work in the areas that are most important to you.
Donor Advised Funds
One of the most popular fund options, a Donor Advised Fund is established by donors who wish to actively participate in the grant-making process. DAFs are a simple and flexible "charitable savings account" that allows you to decide when and where to give.
Consider a Donor Advised Fund if you:
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Seek a simple, tax-smart way to maximize your charitable giving.
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Want to manage all your giving through one convenient account with no extra paperwork.
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Support multiple charities and want the flexibility to respond to community needs.
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Wish to involve the future generations of your family in your giving.
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Need advice on giving to nonprofits that match your passion.
Designated Funds
Donors who wish to support a specific agency or cause can establish a designated fund. Designated funds provide a permanent source of income for the charities of your choosing.
Consider a Designated Fund if you:
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Want to continue to provide annual support for your favorite charities.
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Know the specific charities you wish to support and don't plan on changing.
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Want to simplify your giving and have the foundation annually distribute grants on your behalf.
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Want to leave a sizable gift to a charity, but only want them to have access to the income of the gift, not the principal.
Field of Interest Funds
Field of interest funds respond to current and future needs by letting you support a specific cause or geographic area rather than a specific charity.
Consider a Field of Interest Fund if you:
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Want to support a specific area such as health, education, or the arts, but want funds to be flexible enough to respond to current and future needs rather than supporting a specific charity.
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Want to give back to your hometown or support community needs in a specific geographic area.
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Want to make grants to support a specific cause through a competitive grant application and selection committee.
Organization Funds
Organization funds are available to nonprofits and offer a simple way to build capacity and provide long-term support for their mission. Establishing an Org. Fund is also a great way to encourage estate gifts directed toward your nonprofit.
Consider an Organization Fund if you:
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Are a 501c3 nonprofit organization or a church.
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Want to provide your organization with a permanent source of revenue for financial sustainability.
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Need a simple and efficient way to manage an endowment so you can focus on your mission and day-to-day operations.
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Want more giving options for your donors who wish to include you in their estate.
Scholarship Funds
Two different scholarship fund options are available to support student education based on donor interest and budget. Designated Scholarship Funds partner with schools and other nonprofits to facilitate the process, whereas the community foundation manages the process, start to finish, for Traditional Scholarship Funds.
Consider a Scholarship Fund if you:
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Want to support a specific field of study, educational institution, academic or extracurricular achievement, or any variety of educational endeavors that are important to you.
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Want to be involved by creating the selection criteria and review process.
Unrestricted Funds
An unrestricted gift is not specifically designated for use by a particular agency, cause, or area of interest. Our Board of Directors oversees the use of these funds. Setting priorities for their use and determining how grants will be distributed to support the charitable needs of our community.
Consider a Scholarship Fund if you:
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Want to empower the board to respond to pressing and often changing needs in the community.
Legacies In Action
JAMES "BUDDY" LOUTHAN
In 2016, the communities of Simpson & Glasco received word that lifetime resident, neighbor, and friend, James "Buddy" Louthan, made a generous decision that would forever impact their communities.
Today, two funds, one for each community are named in memory of Buddy and his parents. Since 2016 Buddy's gift has allowed for nearly $366,665 in grants to Simpson & Glasco. In the next 25 years, it is projected to make cumulative grants of more than $1.8 million.
Legacies In Action
JAMES "BUDDY" LOUTHAN
In 2016, the communities of Simpson & Glasco received word that lifetime resident, neighbor, and friend, James "Buddy" Louthan made a generous decision that would forever impact their communities.
Today, two funds, one for each community are named in memory of Buddy and his parents. Since 2016 Buddy's gift. has allowed for nearly $366,665 in grants to Simpson & Glasco. In the next 25 years, it is projeted to make cumulative grants of more than $1.8 million. .
Legacies In Action
JAMES "BUDDY" LOUTHAN
In 2016, the communities of Simpson & Glasco received word that lifetime resident, neighbor, and friend, James "Buddy" Louthan, made a generous decision that would forever impact their communities.
Today, two funds, one for each community are named in memory of Buddy and his parents. Since 2016 Buddy's gift has allowed for nearly $366,665 in grants to Simpson & Glasco. In the next 25 years, it is projected to make cumulative grants of more than $1.8 million.