Charitable Contributions
The Warm Hearth Foundation receives and administers funds
in support of the idea that "Aging with dignity should not
be a question of ability to pay." Fund-raising for the
foundation is carried out through two distinct campaigns.
The Annual Fund for Charitable Benevolence provides day-to-day support for residents who have "spent down" their estates and can no longer afford the full-cost of their care. Residents in Showalter Center and the Kroontje Health Care Center receive this financial assistance in a seamless and confidential manner.
The Benevolence Endowment was established in 2003 to strengthen the financial safety net of the Annual Fund and other subsidies. As an endowed fund with a $1 million goal, investment earnings will be used to support Village residents in need. We anticipate a steady increase of residents needing financial assistance, making the need for this endowment more crucial. Click on gifting guides below to learn more.
| Charitable Gifting Guide | |||||
|---|---|---|---|---|---|
| Cash | Securities | Property | Cell Phone | Planned Gifts | |
| Bequests | In-Kind Gifts | Matching Gifts | Memorial | Auction | |
Real Estate & Personal Property
Real estate can be donated as a gift with tax deductions determined by fair market value. An extra car or other valuables that are no longer needed may also be given. Offers of real and personal property must be considered and approved by the Foundation Board of Trustees, prior to acceptance. Trusts, annuities and pooled income funds enable contributors to donate assets while retaining the income from these assets for their lifetimes. Contributors can take advantage of immediate charitable income tax deductions while experiencing significant estate and capital gains tax savings. The Warm Hearth Foundation is grateful to those donors who continue to provide for the needs of Warm Hearth Village through their wills. By having an attorney add a simple amendment, donors can make a gift through their estate after providing for the needs of loved ones. Many companies donate products they manufacture. Materials, equipment, and furnishings are welcomed gifts. Many companies will match gifts made by employees. Some companies even double or triple the amount of the gift. Check with the personnel office of your company for matching gift forms. Matching gifts will be credited to your cumulative gift giving total. Any gift of support can be given as a memorial or in honor of a loved one or friend. The Warm Hearth Foundation accepts donations of used furniture and appliances. Items are sold at a local auction made possible by Valley Auctions and the proceeds go to the Annual Fund for Charitable Benevolence directly benefiting residents in need within our community. Donations can be counted as a charitable tax deduction and arrangements will be made to pick up items at your convenience. Some restrictions apply. 2607 Warm Hearth Drive, Suite 100
Blacksburg, VA 24060 (540) 443-3406
or for more information, please email us at
knelson@warmhearth.org