Leave a Legacy with the Finding Common Ground Endowment Fund

More than 70% of Americans have a favorite non-profit, but only 6 – 8 percent of American households have included a nonprofit organization in their estate plans. Imagine the positive impact on the Hampton Roads community if everyone made a donation to a favorite nonprofit. Contact Kimberlee Humphrey at 757-480-2777 or email Kim.

Leaving a Legacy for the Community Mediation Center can help ensure:

• Families find ways to work together through mediation, and parents learn to keep children out of adult conflict.
• Youth learn skills that enable them to become productive community members, effective leaders, and conflict resolvers in their family, school, and neighborhood.
• Communities are allowed the opportunity to discuss important issues and create plans to move from dialogue to action effecting positive change.

Endowment Fund FAQ

How do I go about giving Gifts or Pledges outright?

• Cash is Good! You can deduct it on your income taxes, too!
• Take Your Time and spread a larger gift out over several years by making a pledge (e.g. $1,000 over 10 years).
• Avoid Capital Gains by donating highly appreciated assets like stock or real estate and take a tax-deduction on the fair market value.

Does the Center accept bequests in a will?

• Yes. Simply add a codicil to your will designating some money to the Fund at your death.

Is it possible to give through beneficiary designations?

• Life Insurance, Annuities, Even IRAs all have beneficiary provisions. You can name the Fund as a beneficiary or a co-beneficiary.
• Old Paid-up Policies can be donated or beneficiaries changed.
• Leverage Yourself by setting up a new life insurance policy that is owned by the CMC and you take tax deductions on the premiums you pay.

Can I donate life estate? If so, are there any short term consequences?

• Donate your Home or Farm and take a tax deduction now, but you continue to use the property as long as you choose.

What are the benefits of Charitable Gift Annuities?

• This is a Great Alternative for Retirees who need Income. You give a tax-deductible gift of cash or securities and get a tax deduction now. In return, you get guaranteed income payments for the rest of your life.

What are the different ways I can donate through Charitable Trusts?

• Charitable Remainder Trust (CRT) - A popular way to reduce state income taxes, you donate appreciated assets to a trust that provides income to you and your family members. When the trust terminates, the remaining principal goes to the Fund.
• Charitable Lead Trust (CLT) – Almost the reverse of the CRT, the CLT pays a stream of income to the charity for a certain number years and the trust assets go back to family members at the termination of the trust.

How do I transfer stock to the Finding Common Ground Endowment ?

To transfer stock, please contact CMC so that staff can make arrangements to receive the donation.

Resolving Conflicts | Building Relationships | Empowering People