The Greater Lynchburg Community Foundation is a 501(c)3 nonprofit organization, and gratefully accepts donations to the following:
- unrestricted gifts that benefit our general endowment, which creates grants for local nonprofits
- gifts designated for a specific fund that already exists here at the GLCF
- gifts that will endow a new fund here at the GLCF
Give From Your IRA
If you are age 70½ or older, you may make a Qualified Charitable Distribution (QCD) directly from your IRA to the Greater Lynchburg Community Foundation. In 2026, you may give up to $111,000 per person through QCDs. A QCD generally is not included in your taxable income and can be an effective way to support the causes you care about.
If you are required to take a Required Minimum Distribution (RMD), a QCD can count toward all or part of your RMD for the year.
QCDs must be transferred directly from your IRA to an eligible charitable organization.
Although the IRS does not permit Qualified Charitable Distributions to donor-advised funds, QCDs can can be used to support other types of funds at the GLCF, like a scholarship, field of interest, unrestricted, or designated fund.
Contact your IRA custodian and request a Qualified Charitable Distribution payable directly to:
Greater Lynchburg Community Foundation
1100 Commerce Street
Lynchburg, VA 24504
Federal Tax ID 54-6112680
Ask your custodian to include your name and the name of the fund or purpose you wish to support with the payment so we can properly identify and acknowledge your gift.
If you are required to take a Required Minimum Distribution (RMD), your QCD may count toward satisfying all or part of that requirement.
We encourage you to discuss this information with your professional advisor, as this information is general and is not intended as legal or tax advice, and each donor's situation is different.
Questions? Contact the Greater Lynchburg Community Foundation at 434-845-6500.
Stock Gifts
If you own stocks, mutual funds, or other securities that have increased in value, consider donating them directly rather than selling them and giving cash. By donating appreciated securities held for more than one year, you may avoid capital gains tax on the appreciation and may be eligible for a charitable deduction based on the fair market value of the gift.
The Greater Lynchburg Community Foundation can accept gifts of appreciated securities to establish or add to a fund or support the charitable work that matters most to you.
- Call or email the Greater Lynchburg Community Foundation to notify us of your imminent gift. Please provide the number of shares, the name of the stock, and approximate value, and how you would like to designate your gift.
- Notify your broker that you are giving securities to the Greater Lynchburg Community Foundation. Your broker will transfer the stock into our investment account using the following information:
Wells Fargo Bank
DTC Participant # 2027
Agent Bank ID #94866
Ref: Account Name - Greater Lynchburg Community Foundation
Account Number – 5019004617
We encourage you to discuss this information with your professional advisor, as this information is general and is not intended as legal or tax advice, and each donor's situation is different.
Give From Your Will / Estate Plans
Cash
Including checks, wire transfers, ACH, and credit card transactions.
Checks may be mailed to: The Greater Lynchburg Community Foundation, 1100 Commerce Street, Lynchburg, VA 24504.
Please call our office for wire transfer instructions.
We accept ACH gifts via our online giving page.
Real Estate
Real estate can be a valuable charitable gift that supports the community while providing financial benefits to you. Whether it's a primary residence, vacation home, rental property, farmland, or undeveloped land, donating real estate can:
- Provide significant tax advantages, including an income tax deduction based on the fair market value of the property.
- Reduce capital gains tax that would apply if the property were sold.
- Eliminate maintenance, insurance, and property tax obligation.
Each real estate gift will be carefully evaluated to ensure it aligns with our mission and can be used effectively to benefit the community. Please contact our office to discuss this type of gift to ensure it aligns with both your philanthropic goals and our gift acceptance policy.
Personal Property
Gifts of valuable personal property can also be a meaningful way to support the community.
Donating personal property can provide tax benefits, including a charitable deduction based on the appraised value of the item. However, certain restrictions may apply based on how the asset will be used to further our mission. If you are considering donating personal property, we recommend discussing the potential gift with us to ensure it aligns with both your philanthropic goals and our gift acceptance policy.
Private Foundation Transfer
Many trustees of private foundations have found that the demands of administering and making grants have become burdensome and costly. Assets of the private foundation may be transferred to the GLCF, and a fund in the same name can be established. The former administrator (s) of the private foundation can be freed from the administrative burdens but continues as an advisor to the fund.
Click here for more information on comparing community foundations to private foundations.
Our Gift Acceptance Policy is available upon request.
