Ways to give

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.
Testimonials
~ Mary Ballou Reynolds Ballentine

I have spent the last ten years as an active volunteer and supporter of this wonderful institution. The reason is much more important than the obvious connection with my late husband, Sarge Reynolds.

As a longtime Richmond resident, community college believer, and member of the Legacy Society at the College, I take pride in knowing that I’m doing my part to make Richmond a better place for my grandchildren. I want them to know that ‘Grandma Boo’ cares about their future!
~ Mary Ballou Reynolds Ballentine

~ J. Douglas Freeman, Sr.

Through a charitable gift annuity I am able to make a significant contribution to the College, now, and receive payment for life.

I am a proud graduate of J. Sargeant Reynolds Community College and one who believes resolutely in our individual obligation to give back to this community. I can think of no better way to leave a legacy beyond my lifetime that will touch the individuals of Richmond, and ensure future support of this wonderful educational institution and her students.

What I love about J. Sargeant Reynolds Community College is that it is a real world college for real world students. And that is a future well worth preserving.
~ J. Douglas Freeman, Sr.
Legacy Society Charter Member