Ways to Give

Online

Make a donation to Penick Village today. We accept online donations that can be put to use right away. For your protection, all transactions are processed through a secure web site. Click here to make an online donation.

We encourage you to seek advice from your personal legal/tax counsel in determining your individual charitable tax deductions.

Check

Cash gifts can be made in the form of check or money order payable to The Penick Village Foundation. If you would like your gift to support a specific program, please specify this on the check itself or within your correspondence sent with the check. If not noted, all unspecified contributions support the greatest need of Penick Village.

Donations may be mailed to:
The Penick Village Foundation
P.O. Box 2001
Southern Pines, NC 28388

Securities

A gift of stock or mutual fund shares is a way to make a contribution to a charitable organization and receive tax benefits based on the value of the appreciated asset. If the security is readily marketable and held in a broker account at a securities firm it may easily be electronically transferred to the Penick Village securities account. To do this the donor simply needs to notify their securities firm of the intent to give the stock to The Penick Village Foundation and instructs the firm to contact the Development Director at (910) 692-0428. The Penick Village Foundation will provide the securities firm with transfer instructions and send the donor a letter of receipt for the gift. The date the security is transferred to the Penick Village securities account would be considered the gift date.

If a security gift is in certificate form or not readily marketable the donor should contact the Development Director to make arrangements prior to giving the security.

The gift date is when The Penick Village Foundation receives the security and not when the donor provides instructions to their securities firm to transfer the gift. Therefore, if the gift date is a concern, donors should contact their securities firm to ask when the stock would be in The Penick Village Foundation’s possession.

The Penick Village Foundation values securities and mutual funds by averaging the high and low on the gift date, per IRS regulation.

IRA Distributions

The Pension Protection Act of 2006 offers donors a new giving option. Under this law, individuals aged 70 1/2 or older are eligible to make a gift to a qualified charitable organization, such as The Penick Village Foundation, using funds transferred directly from their individual retirement account (IRA). A donor can transfer any amount desired up to $100,000 on or before December 31, 2009 and not have to pay taxes on the amount transferred.