MasterCard and Visa accepted
JSRCC Educational Foundation, Inc.
P. O. Box 26924
Richmond, Virginia 23261-6924
Of stock, real property or gifts-in-kind, please call (804) 523-5181
Establishing a Scholarship
Honor your own commitment to education or a family member, friend, or someone who has made a difference in your life. Creating a scholarship is powerful philanthropy for individuals and organizations alike. A named scholarship is established with a $2,500 gift to the Reynolds Community College Educational Foundation. We'll work with you to determine the criteria for eligibility and amount of the award.
Scholarship assistance is tremendously impactful at Reynolds. Students who receive this financial help are twice as likely to graduate as their peers who do not. Please contact Sara Higgins at 804-523-5810 or SHiggins@brewrecords.net for more information.
*Students, please navigate to Pay for College to apply for a scholarship.
Giving through a Donor Advised Fund
A Donor Advised Fund (DAF) is an account that may be established directly with a sponsoring non-profit organization, community foundation, or financial institution. A donor advised fund itself is designated as a 501(c)(3) public charity. Your contributions into the fund are tax deductible. You can recommend how much and how often you want to distribute money from that fund to the Reynolds Community College Educational Foundation. Your financial/ legal advisor can provide more information on giving through a DAF. Or, you may wish to contact the Community Foundation for a greater Richmond at 804-330-7400 to learn more. For any questions about giving to the Educational Foundation, you can call 804-523-5181 or email us at firstname.lastname@example.org anytime.
Giving through an IRA
If you are 70 or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. Through an IRA charitable rollover, you can support Reynolds and benefit through your giving. Learn more here and through a conversation with your tax adviser.
Making a Planned Gift
Planning giving provides flexible options to let you decide now on the terms of a future gift, such as a charitable gift annuity or simply naming Reynolds in your will. All gifts go to the Reynolds Community College Educational Foundation, Inc., a 501(c)(3) organization. Explore your planned giving options and contact us to discuss.
Supporting Programs that Matter to You
Your unrestricted gift enables Reynolds to fund programs and services of the highest priority. From new programs to the latest technologies to emergency assistance funds for students, contributions to the Fund for Reynolds broadly support our students and college programs. With a restricted gift, you may choose to support one of our campaign initiatives or a specific program or project that matters to you.
Your unrestricted or restricted gift may be made to the annual Fund for Reynolds or as a Major Gift. Major Gifts are usually larger-sized gifts of cash or other assets, often with installments paid across as many as five years and can be made for a number of purposes.
Endowing Your Investment
Gifts to J. Sargeant Reynolds' endowment provide the Reynolds capital, the financial foundation on which its future depends. The Reynolds' endowment grows through prudent investment to meet current and future needs, and the annual payout the endowment generates is used to support institutional goals and priorities.
Donors may elect to designate their gift to building the Reynolds' endowment or they may established a personal endowment fund for a specific purpose*. Donors who create personal endowments often do so to honor or commemorate a friend, family member, or favorite professor. These personal endowment funds support academic programs, faculty chairs, or other programs of interest to the donor.
Corporations and organizations may create an endowment to solidify the excellence and persistence of a program of study that relates to their business or charitable interests.
Whatever the purpose, supporting the college's endowment gives you the satisfaction of knowing that your gift will benefit students and the Richmond community for many generations.
*Endowments at Reynolds can be established with a minimum gift of $50,000. For information about Foundation endowments, contact the Foundation staff.
Types of Gifts
Gifts of cash usually come in the form of a check or credit card payment.
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.
You may gift a residence-and continue to live there as long as you want-or other real property to Reynolds 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 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:
Charitable Gift Annuities
With a charitable gift annuity, you make a contribution of cash or appreciated securities in return for a fixed annual income backed by the assets of the college. In return for your gift, Reynolds will pay income to you, and/or another person you choose, for life. Part of the income is treated as return of principal every year and is tax-free. In addition, you receive a sizeable 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.
Naming Reynolds 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.
Does Your Company Match Gifts?
Your contribution to the Foundation can be augmented through your company's matching gift program. By matching employee gifts, businesses ensure that their charitable resources support causes that are close to the hearts of their employees and their community. Contact your company's human resources office to see if your company offers a corporate matching gift program.