Cash Gifts
Gifts of cash usually come in the form of a check or
credit card payment.

Pledges
Donors may also choose to make a pledge through
a formal declaration of intent to give. Some fulfill
their pledges immediately, while others spread out
their gift over several years.

Appreciated Securities (Stock)
A gift of long-term appreciated securities has two
major advantages. It provides the donor with an
immediate income tax deduction and eliminates
capital gains taxes to the extent allowed by tax law.
Typically, donors have stock transferred from their
brokerage account to the account the Foundation
holds with Davenport. The Foundation also will
receive stock certificates.

Real Estate
You may gift a residence—and continue to live
there as long as you want—or other real property
to J. Sargeant Reynolds Community College and
receive tax benefits allowable by law.

Tangible Personal Property
Valuable artwork or other tangible personal property
is a way to make a gift. For these types of gifts,
the donor obtains an appraisal in order to take
advantage of allowable tax deductions.

Planned Giving
Planned gifts are a wonderful way to maximize your
gift. The simplest and most common form of a
planned gift is designating the College in one’s will
for a specific sum or percentage of the estate. A
variety of other instruments are available:
>> Meet our Legacy Members

Charitable Gift Annuities
With a charitable gift annuity, you make a
contribution of cash or appreciated securities
in return for a fixed annual payment backed by
the assets of the College. In return for your gift,
Reynolds will make payment to you, and/or
another person you choose, for life. Part of the
payment is treated as return of principal every
year and is tax-free. In addition, you receive a
charitable income tax deduction in the year in
which the gift annuity is established, which can
be carried over for five more years, if necessary.
Upon the death of the annuitant and any other
income beneficiary, the assets are used by the
College, according to your specifications. You may
choose to have payments begin immediately or
defer them for a period of years.

Life Insurance
Naming J. Sargeant Reynolds Community College
as a beneficiary of a term life insurance policy
will provide a gift at your death. Giving a policy
with cash value provides an immediate gift.

Retirement Plan Designation
There may be estate tax advantages to
designating the College as a beneficiary of the
remainder of one’s retirement plan.