Sample forms, gift calculator & more
Easy-to-access information, including case studies and fact sheets
- Bequest Form [PDF]
- Charitable Gift Annuity Form [PDF]
- Designated Fund Sample Agreement [PDF]
- Donor-advised Fund Sample Agreements. We have four different types of donor-advised funds. Sample agreements are linked for: Endowed, Quasi-endowed and Current Use. For a Customized Donor-advised Fund, please contact Kay Stine at email@example.com or (757) 622-7951.
- Field-of-Interest Fund Sample Agreement [PDF]
- Organizational Fund Sample Agreement [PDF]
- Scholarship Fund Sample Agreement [PDF]
- Unrestricted Fund Sample Agreement [PDF]
- Advisor Update, a monthly electronic newsletter produced just for you. Subscribe or read recent issues.
- News & Notes, a monthly e-newsletter that highlights stories of donor generosity in Hampton Roads. Subscribe or read recent issues.
- Leave Your Mark, a charitable giving brochure designed for attorneys, accountants and financial advisors to share with clients who could benefit from community foundation services. Download a copy or order printed copies.
- Adding Charity to Your Will or IRA, a brochure detailing how your client can do good forever through a charitable bequest. The booklet features the stories of Hampton Roads people who have plans for future gifts. Download or request printed copies.
- Good Tidings, our semi-annual print newsletter with stories of how generosity changes our community. Read online or request a print copy.
- Fact Sheet, which is a one-page of facts and statistics about the Hampton Roads Community Foundation.
- Our latest annual report. Read online or request a print copy.
- Six types of charitable funds explained simply and quickly in fact sheets:
Here is a resource you could use every day.
The web-based Planned Giving Calculator can help you determine the potential charitable deductions for a variety of planned gifts. For more detailed calculations, however, contact Kay Stine, vice president for development, at (757) 622-7951 or firstname.lastname@example.org.
Transferring IRA assets to Hampton Roads Community Foundation
To roll over funds from an Individual Retirement Account, the client should request that the IRA's administrator make a distribution to the Hampton Roads Community Foundation. (If your client is taking advantage of the Charitable IRA Rollover, he or she can transfer up to $100,000.)
Three options for the transfer
- The IRA administrator may mail a check to the Hampton Roads Community Foundation. The check must be payable to "Hampton Roads Community Foundation". On the memo line, the administrator should add the client's name, the purpose of the gift (e.g. "establish the Smith Scholarship Fund"), and that the transfer is a distribution from the client's IRA – or add a note to that effect. The plan administrator can mail the check to: Lynn Watson Neumann, general counsel and senior director of gift planning, Hampton Roads Community Foundation, 101 W. Main Street, Suite 4500, Norfolk, Virginia 23510. Please let us know the gift is coming by calling (757) 622-7951 or emailing Lynn at email@example.com.
- The IRA administrator can make the check payable to "Hampton Roads Community Foundation" but deliver it to the client. He or she then can then mail the check (as above) or we can arrange a meeting to receive it.
- The IRA administrator can make a cash wire transfer from the account directly to the community foundation. He or she should email Kay Stine, vice president for development, or call (757) 622-7951 for details.
Here's a sample letter to send to the IRA plan administrator, if it's not you, to request a charitable transfer.
|Your Client||Situation||Possible Solution|
|Wants to avoid an immediate capital gain tax||Your client owns a rental house that provides income, but it is becoming too much work.||Donating the rental property to create a charitable remainder trust will secure lifetime income and eliminate capital gains taxes. Your client can receive a tax deduction and create a permanent, fund to provide scholarships, support special charities or fulfill other charitable goals.|
|Is concerned about taxes||Your client worries about paying capital gains taxes on appreciated property.||Donating the property to a nonprofit like ours will eliminate or reduce capital gains taxes and give your client the satisfaction of creating a permanent, charitable fund.|
|Wishes to leave a lasting legacy||Your client has a retirement fund and worries about heirs receiving only 20 or 30 cents on the dollar.||Naming the Foundation as the beneficiary of an Individual Retirement Account or other retirement fund lets your client to create a charitable fund, reduce estate tax and eliminate income tax on the IRA distribution.|
|Wants to help a specific individual||Your client has a relative or friend he or she wants to help financially.||If your client is 60 years or older, a charitable gift annuity can provide income for life for himself and one other person. After deaths of both people, the remainder of the annuity will support a favorite charity or cause selected by the donor.|
|Wants to be charitable but is unsure where to give right now||Your client may have many charitable interests or anticipate receiving additional income this year and needs time to figure out where to make donations.||Starting a donor advised fund at the Foundation will secure tax deductions for the current year and allow time to choose the charitable recipients. Our staff can help your client explore different charitable ideas.|
Useful web-based resources
- Adventures in Giving - This free online tool asks 14 simple questions to help people understand their philanthropic styles
- American Council on Gift Annuities - Very useful for up-to-date information on gift annuities and rates
- Association of Fundraising Professionals Hampton Roads Chapter - AFP, both nationally and in Hampton Roads, provides resources and training for development professionals
- Hampton Roads Gift Planning Council - The Council promotes gift planning and education in Hampton Roads
- Hampton Roads Estate Planning Council - The Estate Planning Council ensures the quality of estate planning services in Hampton Roads
- Planned Giving Design Center - A professional advisor-friendly site providing the latest information from D.C. on charitable giving. It offers lots of tools. (Requires free registration to use the entire site)
- The Philanthropic Initiative - The organization works with individuals with wealth; the website offers resources focused on promoting charitable giving
- The Chronicle of Philanthropy - Accurately bills itself as the newspaper of the nonprofit world. It covers virtually all the issues of the philanthropic sector on a biweekly basis. We like the paper version, but the website is pretty impressive and includes a searchable database.
Community Foundations of Virginia - Essential information about all 27 community foundations in VirginiaCouncil on Foundations - The national association of charitable foundationsDorothy A. Johnson Center for Philanthropy - Conducts research and has training related to philanthropy, particularly family philanthropy.Foundation Center - Maintains the most extensive database (other than the IRS) of foundations of all types in the United States, but requires payment for some of its services.Giving USA - Usually offers the latest and most comprehensive data and information on charitable giving trendsLilly Family Center on Philanthropy at Indiana University - One of just a few academic centers studying, researching, and training people for careers in philanthropyNational Center for Family Philanthropy - An informative gathering place for philanthropic families and their advisors; it requires a membership to explore the entire sitePhilanthropy.org - A database of publications, digital texts and websites and one of the best locations for research on issues in multicultural philanthropy. It is produced by the Graduate Center of the City University of New York.Southeastern Council of Foundations - The regional association to which we belong; serves all of the southeastern United States
- American Institute of Philanthropy - Offers information on specific charities
- Better Business Bureau’s Wise Giving Alliance - Provides information on specific charities
- Charity Navigator - One of a handful of charitable rating systems for nonprofits
- Guidestar - Free registration provides a great deal of information about nonprofits, including access to 990s. Subscriptions offer considerably more access. The national organization is based in Williamsburg, VA
- Internal Revenue Service registered charities search page - Provides information on specific nonprofits
- Internal Revenue Service charitable section - The IRS site for nonprofits.