More and more charitable funds are being given and gifted, pre-established and pre-funded, in the name of the recipient. Frequently taking the form of a donor-advised fund, this gift allows the recipient to experience the benefits of working with the community foundation to support important causes.

As you advise an older client, an important part of the conversation will be to determine the best charitable giving vehicles to achieve your client’s community goals, particularly evaluating the potential role of a donor-advised fund or private foundation.

The Community Foundation supports four local giving circles: ouRVA Collective, SisterFund, Ujima Legacy Fund and Impact 100 Richmond. In total, the circles awarded 13 grants in 2021, totaling $255,000 and had a total of 271 members across all circles.

In late 2021, the Foundation launched a cohort series that invited organizations of all sizes to come together and learn about how advocacy can work in philanthropy, how it can help them advance their mission and strengthen their networks.