Starting a Named Fund
Hampton Roads Community Foundation is southeastern Virginia's expert in charitable funds. We make it easy for your client honor a loved one (e.g. the Jane M. Doe Scholarship Fund).
The fastest way to get full information about all the ways we can help people be charitable? Spend a few minutes on the phone with us. We love to talk to advisors who work with charitably inclined people. Contact Nan Edgerton, vice president of development, at (757) 622-7951.
Here are the basic steps your client can use to start a fund with us:
1. Talk with us and your attorney, accountant or other advisor and determine if a fund at the foundation is right for you.
2. If it is, decide whether to make a current gift or arrange for a bequest of other future gift.
3. Complete the appropriate Charitable Fund Agreement:
4. Make an irrevocable gift of at least $25,000 or arrange for a gift through a bequest or other estate plan.
5. We will sign the gift agreement and return a copy to you along with an acknowledgement letter that will serve as your official receipt. Please retain it for your tax records. (Note: Regardless of the number of grant distributions we make from your gift fund, you will only need this one letter for tax purposes.)
If we can help you, please contact Nan Edgerton at (757) 622-7951. We encourage you to contact your advisor before you make a final decision on creating a charitable fund.