Mahogany Membership

The Mahogany Membership is our way of recognizing and honoring those who have taken steps to include the Community Foundation of the Virgin Islands in their charitable plans. By participating in Mahogany Membership, through their wills and other means of special giving, these CFVI donors are extending their support for the Virgin Islands beyond their own lifetimes — to provide for the future benefit of our community and create a lasting legacy.

Bequest
One of the simplest ways to make a planned gift is to incorporate a statement in your will that a share of your estate, after providing for family and loved ones, shall be distributed to the Community Foundation of the Virgin Islands for the purpose that you name.

Charitable Remainder Trust
Cash, securities or real estate are transferred to a trust created by the donor that pays the donor (and others) a fixed or variable income for life or for a limited number of years. After that time, the remainder is distributed to the Community Foundation of the Virgin Islands to be used for the charitable purposes stated by the donor.

Life Insurance
By assigning a life insurance policy to the Community Foundation of the Virgin Islands as owner and beneficiary, a donor's premiums are tax-deductible. When the policy is redeemed, a permanent fund is created to support the charitable goals described by the donor.

Retirement Plans
You may name the Community Foundation of the Virgin Islands as the beneficiary of a company pension or profit-sharing plan or of a private fund such as an Individual Retirement Account, Keogh, or tax sheltered annuity. This is an easy way to make a contribution while reducing the impact of income, estate and generation-skipping taxes on a family's inheritance by removing the asset from the donor's estate.

Gift of a Retained Life Estate
By donating a residence, farm or land to the Community Foundation of the Virgin Islands with a retained life estate, donors are able to continue using the property throughout their lifetime, while receiving a tax deduction based on the property's value. This gift would also lower estate taxes since the property is no longer a part of the donor's estate.

Savings Accounts and Certificates of Deposit
A convenient way to benefit the Community Foundation of the Virgin Islands is through savings plans, including savings accounts, certificates of deposit, and other savings arrangements. All you need to do is make CFVI a joint owner of the account with rights of survivorship only.

These and other options are available through the Community Foundation of the Virgin Islands. Consult your advisor. To discuss your plans with us, or to learn more about the Mahogany Membership please contact Dee Baecher-Brown, president (340) 774-6031, or Ricardo Charaf, CFVI's chairman.