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Investing in the St. Croix Foundation is an investment in your community!

Become a Donor

St. Croix Foundation has done more to address critical problems in our community, and in many ways, touch the lives of more people than any other non-profit organization in the Territory. We believe every community foundation should do the work of St. Croix Foundation, for our work is true philanthropy. While we are grant makers, the true requirement of any community based organization is SERVICE. And, in that vein, for 20 years we have put the needs of our community ahead of our own, foregoing major effort towards endowment fundraising in order to address urgent needs. Additionally, we must balance our programmatic priorities with raising our own operating money every year.

These are ultimately difficult economic times for many and WE NEED YOUR HELP! DONATE NOW!

Give Later with a Giving Plan

The St. Croix Foundation offers many planned giving options. A planned gift is a charitable donation provided for during your lifetime but not available to the Foundation until sometime in the future. Following are descriptions of the various types of planned gifts for you to consider:

  • Bequest By Will -An outright bequest to St. Croix Foundation is the simplest means for providing for your community.
  • IRA or Qualified Plan – At death, retirement plan or IRA balances are included when figuring estate and income taxes to your beneficiaries – often up to 85 percent. Funding a charitable bequest with an IRA or retirement plan prevents the bequest from becoming a liability of your estate, and the gift is made with pre-tax dollars.
  • Charitable Remainder Trust – A charitable remainder trust offers a gift to St. Croix Foundation without loss of income and provides a current income tax deduction for a future gift. The value of the gift is based on current market value without triggering a taxable capital gain. A charitable remainder trust offers income at a desired percentage without regard to current investment return.
  • Charitable Lead Trust – Assets transferred to the trust are eventually returned to the donor or, more typically, to the donor’s children. Income is paid to the foundation annually while the assets are in the trust. Such trusts can be created during your lifetime or at death, with significant savings in gift or estate taxes possible because of the “temporary” nature of the gift to the foundation.
  • Charitable Gift Annuity – A gift annuity is a life annuity for one or two lives, issued by the foundation in exchange for gift property. The foundation guarantees annuity payment to the annuitant(s). The charitable gift annuity offers a charitable tax deduction for the value of the remainder gift. The basis is recovered tax-free over your lifetime, and the foundation receives your capital gift when income need ends.
  • Life Insurance Policy – Life insurance makes it possible for virtually everyone to make a meaningful gift. Policies that were never used for their original purpose can make excellent gifts when given to the foundation. The donor can deduct the replacement value of the policy. Some people find they can make a much larger gift by purchasing a life insurance policy and naming the foundation as owner and beneficiary.

To discuss the above options, please call or email Roger Dewey today.

Fund types

The Foundation offers several options to donors, allowing funds to be: 1) restricted – whereby monies are to used address specific issues identified by the donor, creating their own special LEGACY or; 2) unrestricted – whereby funds can be established to either support existing programs or aid in the development of new ones that are consistent with the Foundation’s priority areas. Fund options at St. Croix Foundation include:

    • Community Needs Fund – Crime prevention, economic development, childhood education, and community revitalization are some of the greatest needs in the community. By establishing a Community Needs Fund, donors’ gifts will be directed where they are sure to do the most good. As conditions change, so do grants.
    • Named Fund – Through the establishment of a Named Fund, donors can honor an individual or family they feel has positively impacted their lives or the community at large. A named fund can be created for a general or specific purpose.
    • Donor Advised Fund – Donor Advised Funds allow individuals to create a philanthropic fund without naming specific charities, while allowing them to remain actively involved by recommending grants from the fund. This type of fund is a convenient way to simplify a donor’s charitable giving and because of the Foundation’s 501(c)3 status, is an attractive alternative to creating a private foundation while offering donors full charitable deductions.
    • Corporate Donor Advised Fund- Businesses are often inundated with requests for charitable contributions each year. While most organizations wish to give, limited human resources can tax even the most generous of corporations, making it difficult. By setting up a Corporate Donor Advised Fund, businesses can simultaneously simplify and focus charitable giving. The Foundation will handle all of the administrative work and reporting requirements. And, by plugging into our technical assistance an d grant-making services, businesses can increase the impact of their corporate philanthropy in the community.

Setting up a Donor Advised Fund is as easy as A-B-C!

Resources for Current Donors