Ways to Give
The Yellow Tea Rose Foundation of NC offers several different ways donors can make a contribution to the Foundation. Some of these ways are: Matching Gifts, Gifts of Personal Property, Gifts of Cash, and Real Estate. Upon contributing to the Yellow Tea Rose Foundation of NC donors receive gift acknowledgment, recognition in our newsletter, and special personalized thank you letters. Additional information regarding ways of giving are listed below.
Gifts of Cash
A gift of cash is the simplest, easiest method of supporting the Foundation.
How to send gifts:
Make checks payable to the Yellow Tea Rose Foundation of NC, and send to:
Yellow Tea Rose Foundation of NC
P.O. Box 33421
Charlotte, NC 28204
By Wire Transfer
Donors should consult a representative of their financial institution to make contributions via wire transfer. Direct such gifts to:
Contact the Foundation prior to making wire transfer contribution.
Gifts of Personal Property
Gifts of art and collectibles will be evaluated on a case-by-case basis. Such gifts must be:
Accompanied by a qualified appraisal, a photograph and supporting material, such as authentication papers; and Of sufficient interest to the Foundation in its normal course of
business to further the mission of the Foundation.
Suggested types of property: Books, Art and collectibles
How to send gifts:
Send donor's name, qualified appraisal and donor's intentions regarding use of gift to the Foundation.
Donor or donor's representative will be contacted about transferring the gift if accepted by the Board of Directors. The donor is responsible for any packing, shipping, in-transit security and insurance costs, unless otherwise agreed to by the Foundation.
Gifts of Real Estate
The Foundation may accept gifts of real property in accordance with its environmental policy.
The Board of Directors and Officers will require the following items in order to review a gift of real property:
-A preliminary title report clear of unacceptable encumbrances, performed by a reputable title insurance company.
-An appraisal by a qualified MAI appraiser.
-A phase one environmental audit indicating that ownership
will not expose the Foundation to environmental liabilities.
Donors must initiate the transfer of property ownership to the Foundation. Special donor concerns, or requests to hold assets for a period of time, will be considered by the Investment Committee
IRS forms: Donors need to complete IRS Form 8283 obtainable from the IRS. If the Foundation sells the property within two years, it reports the sale to the IRS using Form 8282 and provides copy to donor. The necessary review for evaluation of real estate gifts could lengthen the acceptance process.
Title and other legal documents are typically prepared by donor's lawyer at donor's expense.