Donor Advised Funds and Foundations

Donating money to charities can be a great way for a family to make an impact on their community, and to create a lasting legacy.  Charitable donations can also make sense as a way to eliminate tax liability.

Many times, when a family is considering a donation to charity, the donation they will fund the donation with a gift of appreciated securities – stocks or properties at a low cost basis, which would create a large tax liability if sold normally.  Sometimes a family will make direct donations to a charity, whether its immediate or in the future through a charitable trust.  However, sometimes a family will want to create a general purpose charitable fund to make donations to different charities across many years, potentially even generations.  In these situations when flexibility and long giving lifecycles are desired, there are several vehicles a family can use.  Some of the most common are the donor advised fund (DAF) and the Private Foundation. Learn more…

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Virginia Beach News

Richmond’s top prosecutor asks for Herring’s opinion on Stoney’s authority to rush monument removals

RICHMOND, Va. (WRIC) — Richmond’s top prosecutor is asking one of the state’s senior officials if Ma […]

Hampton City Schools outlines 4-phase approach to reopening schools

HAMPTON, Va. (WAVY) — Hampton City Schools is putting everything on the table when it comes to how t […]

22-year-old arrested in connection with Newport News shooting that injured 2

NEWPORT NEWS, Va. (WAVY) — Newport News Police have arrested a 22-year-old man in connection with a […]

State police: 9 deaths and 44 DUI arrests made over Independence Day weekend

RICHMOND, Va. (WAVY) — The Virginia State Police said in a news release on Wednesday that thousands […]

VB Public Library will begin phased reopening July 20

VIRGINIA BEACH, Va. (WAVY) – The Virginia Beach Public Library announced on Wednesday it will reopen […]

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