Retired nurse Margot Barnhardt has started four separate endowed funds in memory of family and in honor of a friend. "I like sharing what I have. It's fun," she says.
We're glad to see you back! You likely already have a charitable fund or plans for a future bequest, and we appreciate that.
You now may have an idea for a new fund -- to provide scholarships or grants for your favorite nonprofits. Or maybe you want to start a donor-advised fund with your children as successors. A field-of-interest fund for causes you care deeply about is a possibility as is an unrestricted fund that will let you forever help an array of nonprofits doing great work in our region.
Whatever your reason, only good will come from your generous second act.
If not, here's a quick recap of how to start a new fund:
If you want a "refresher course", visit the Giving Your Way section of the website.
Contact Kay Stine,
Vice President for Development, at
(757) 622-7951 or
send an email
Start a fund, add to one, or give to something special,
and avoid those pesky capital gains taxes
If you are 70-1/2 or older, you have a very special option for giving. The IRA Rollover Act, made permanent in 2015, allows you to donate up to $100,000 of your IRA assets without incurring any capital gains taxes.
You have three choices working through the Hampton Roads Community Foundation:
Instructions for transferring IRA assets to the community foundation
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