Donations to the Fredericksburg Food Co-op

Your donations to our co-op help us cover startup costs and further the mission of this exciting new community-owned co-op. Depending on how these donations are made they may be tax deductible.

If you are not concerned about your donation being tax deductible, you can donate directly to our co-op. Make a donation today!

Another way to make a direct donation that is not tax deductible is to write a check payable to “Fredericksburg Food Co-op” and mail it to us at:

Fredericksburg Food Co-op
P.O. Box 1398
Fredericksburg VA 22402

Neither of these two methods will qualify as a tax deductible donation.

Tax-deductible Donations

If you wish your donation to be tax deductible, you can make the donation through our fiscal sponsor, the Cooperative Development Fund of CDS (the Fund). The mission of the Fund is to support the wise use of cooperative approaches through education and development.  The organization meets the requirements for a charitable and educational institution as described in Chapter 501(c)3 of the federal tax code, and demonstrates compliance by filing annual financial statements (Form 990) with the IRS.

GUIDELINES FOR TAX-DEDUCTIBLE DONATIONS

  • Charitable donations are NOT the same as Ownership or investments.  No other item of value (e.g. Ownership share, voting rights, Owner discount, etc.) will be provided to donors of charitable gifts.
  • Donations should be made by check, payable to “Cooperative Development Fund of CDS.”  Do not use other organizational names such as “CDS” or “Cooperative Development Services” to avoid confusion. Credit card donations are not accepted by the fiscal agent.  However, donations of publicly traded stock are possible.  Contact us if you are interested in this option.
  • Checks payable to “Cooperative Development Fund of CDS” can be mailed to us at:

Fredericksburg Food Co-op
P.O. Box 1398
Fredericksburg VA 22402

We will forward your check to the Fund.

  • Charitable donations of $200 and above will be recognized in writing by the Fund.  The Fund will send a written letter of acknowledgement to donors of $200 or more; donors will need such letters for their records should they seek to deduct their gift on their tax returns.  Donors of less than $200 have other options for supporting their claim of deductibility (typically their cancelled check) and do not require a written letter of acknowledgement.
  • Use of funds.  Donations will be used to facilitate the development of our cooperative. Permitted uses include professional fees, supplies, inventory, General Manager or employee payroll and benefits, building renovations, furnishings, etc. related to project development.
  • Administrative fees.  Administrative Fees are collected by the Fund and are calculated on a sliding scale as follows: 10% of all donations received up to $75,000; a marginal rate of 8% of total contributions between $75,000 and $125,000; and a marginal rate of 6% when total contributions are in excess of $125,000.  Administrative fees are used to cover expenses for the Fund such as staff time to research, develop, file, and maintain state registrations; accounting, audit expenses, and check fees, among others.

THANK YOU FOR CONSIDERING A DONATION IN SUPPORT OF THE DEVELOPMENT OF OUR CO-OP.