April 2018
Three Grants Awarded from
Autism Education Fund 
 
The Community Foundation of the Dan River Region is pleased to report that
Danville Science Center, Just Kids Development Center, and Pittsylvania County Schools have been approved to receive grants from the Autism Education Fund.

This Fund was created with the proceeds raised from the Dan River Autism Awareness 5k. For more information on the programs receiving a grant, please click here
CFDRR Delivers Sweet Treats  
to Area CPAs 

The Community
Foundation appreciates all that our local CPAs do and wa nted to sho w a token of our appr eciation by delivering "baskets of encouragement" during tax season. We hope that these sweet treats will bring some smiles during this busy tim e of year!

Ask your financial advisor about the benefits of working through The Community Foundation.

Pittsylvania County STEM Academy
Received Keokee Grant       
  
The Community Foundation of the Dan River Region is pleased to report that
Pittsylvania County STEM Academy has been approved to receive a grant of $1,500
to fund 8th grade students in conducting a variety of field and lab based water quality assessments.The Keokee Fund's purpose it to support the education of academically gifted students. 

                       
Pictured: Students from the Pittsylvania County STEM Academy conducting an experiment using mircoscopes purchased from the 2017 Keokee Fund grant to the STEM Academy 
 
Community Foundation Continuing 
Growth and Giving
   
In February, Star Tribune released an article in their Progress Edition on The Community Foundation. Executive Director, Debra Dodson, touched on different topics relating to Community Foundation. This included the basics on how a Community Foundation works, seven reasons to give through The Community Foundation, and how The Community Foundation is a partner in the community. To read the full article, please click  here.
 
Tax Reform and Charitable Giving

Many Americans are assessing the new tax law to determine how it might impact their charitable giving. The best advice is to consult with their tax advisor to consider how they can best fulfill their charitable giving goals and continue supporting the causes they care about.

The Community Foundation offers many tools that can be very attractive tax-wise giving strategies, especially in light of the new tax law.
  • Many donors will be assessing the timing of their charitable giving as they determine if they will be itemizing their deductions under the new law. Donors may consider a strategy known as "bunching" to ensure they receive the maximum tax benefits for their charitable giving. This strategy, coupled with the benefits of a donor-advised fund through the Community Foundation, can be a tax-wise planning tool.
  • Donors can "bunch" their charitable contributions into their personalized donor-advised fund in one calendar year, ensuring they will have enough charitable donations to exceed the newly increased standard deduction. Donors can then direct the dollars in their donor-advised fund over time, maintaining their previous contribution levels and timing.
Several charitable giving tools were left untouched by the new tax law and remain attractive gift planning options:
  • Gifts of stock and real estate - with the stock market at or near all-time highs, the opportunity to give appreciated stock or real estate to a charitable giving fund at the Community Foundation is a tax-wise option.
  • IRA charitable rollover - For donors 70 ½ or older, this gift is beneficial regardless of whether the donor itemizes their taxes. They can fulfill their minimum distribution requirements and roll up to $100,000 directly to a designated fund, or existing agency fund, at the Community Foundation and the distribution will not be considered taxable income to them. Note: these gifts cannot be added to donor advised funds.Click here for more information on the IRA charitable rollover.
Please reach out to our team at the Community Foundation for more information at 434-793-0884 or debra@cfdrr.org .
Agency Emergency Fund    

Remember, The Community Foundation established the Agency Emergency Fund i n 2016 to offer assi stance on a one-time basis to Danville/Pittsylvania County/ Cas wel l County/      Ha lifax County nonprofit agencies which have a short term urgent funding need created by an unforeseen event. Click here for more information!   

The Community Foundation 
541 Loyal Street | Danville, VA 24541 | www.cfdrr.org | info@cfdrr.org
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