Your Endowment Gift for Dare Education Foundation
Thank you for considering an endowment gift to benefit Dare Education Foundation. Gifts to our endowment fund are forever gifts that will benefit our mission and programs for generations to come.
Our endowment is professionally managed by the Outer Banks Community Foundation, which holds over 175 endowments for donors, businesses, and nonprofits like ours. The Community Foundation accepts gifts to our fund, prudently invests our fund, and provides us with sustainable, reliable annual income through fund earnings. As our endowment fund grows, so, too, can we grow and better meet our mission.
Gifts by Check or Credit Card
If you would like make a secure online contribution to our endowment fund, please visit www.obcf.org/donate. Then select “Other Fund,” and choose “Dare Education Foundation Endowment Fund” from the list of funds that appears.
Or make a check payable to OBCF, writing “Dare Education Foundation Endowment Fund” in the memo line. Mail or deliver your check to: Outer Banks Community Foundation, 13 Skyline Road, Southern Shores, NC 27949.
Bequests in Your Will
You can also make a legacy gift for our endowment by including the following bequest language in your will or trust. It is very important to use this specific wording. Please share this information with your attorney or other advisor:
“I give and bequeath Description of Asset to the Dare Education Foundation Endowment Fund, held by the Outer Banks Community Foundation, federal tax ID number 58-1516313.”
Note: Description of Asset may be “the residue of my estate,” a specific dollar amount, a percentage of the remainder of your estate, or other property (e.g., stock, real estate).
If you or your advisors have any questions regarding specific bequest language for Dare Education Foundation, please contact our endowment partner:
Outer Banks Community Foundation
Lorelei Costa, Executive Director, 252-261-8839 or LCosta@obcf.org
Other Ways to Make an Endowment Gift
The Outer Banks Community Foundation can accept many different types of gifts for our endowment, including real estate, stock, retirement plan assets, life insurance policies, and IRA rollover gifts. The Community Foundation can also facilitate charitable remainder trusts and charitable lead trusts to benefit our endowment. Many of these strategies can provide significant tax advantages, including income tax deductions, capital gains tax avoidance, estate tax avoidance, etc.
Or you can start an endowment of your own! Although we happily accept donations to our existing endowment, you may choose to establish and name your own legacy fund to benefit our organization. This is a wonderful way to honor a family member, remember a loved one, or create your family legacy. You can work with the Outer Banks Community Foundation to earmark your endowment for Dare Education Foundation. You can even use your fund to benefit a specific, favorite program within our organization.
For more information about these types of gifts, including possible tax advantages, or to learn more about establishing your own legacy fund, please contact Lorelei Costa at the Outer Banks Community Foundation at 252-261-8839 or Lcosta@obcf.org.