Types of Funds / Donor Advised

Meet Dr. Milton and Susan Saunders, R.N. of Chesapeake. In this video you will learn how they are making our region a healthier place through grants from their donor advised fund.

A donor advised fund gives your client convenience and flexibility. With a contribution of $25,000 or more your client can create a permanent fund that enables him or her to:

• Recommend grants to nonprofit organizations in our region or elsewhere in the United States.
• Explore grantmaking opportunities with help from our staff.
• 24-access to your fund through our online Fund Xpress services.
• Name successor advisors to continue recommending grants after the original advisor’s lifetime.
• Leave a lasting legacy to benefit our community at the end of the advising period.
• Make a gift that is deductible in the year of the donation. Your client can then add to the fund at any time.

A donor advised fund can be an efficient and cost-effective alternative to starting a private foundation. If you already have a private foundation, you can easily transfer assets to a donor advised fund. Click here to compare a donor advised fund with a private foundation.

Your client’s gift is deductible in the year of  the donation. Tax-deductible donations can be added at any time.  

Click here for an agreement to start a donor advised fund.

The Nightingale Fund
Dr. Milton and Susan Saunders, R.N. were struck by the lack of equipment available for faith community nurses to use to help promote wellness in churches and synagogues in Hampton Roads. In 2004 the Chesapeake couple created the Nightingale Fund as a donor advised fund. The fund is named for pioneer nurse Florence Nightingale. Since 2004 annual grants the Saunders recommend from their fund have helped area congregations purchase CPR mannequins, automatic external defibrillators and other supplies.