Agency/Organizational is a type of Designated Fund in which the charitable beneficiary is also the donor/nonprofit itself. This type of fund is usually established to house a non-profit organization’s endowment, thereby saving them the considerable expense of having to pay an investment firm to manage it for them. Contact us at 757-397-5424

The Community Needs Fund is SEVACF’s unrestricted general fund for the benefit of the community. It supports a vital component of the Foundation’s mission: responding to pressing needs in our communities in a broad-based, flexible, yet timely way. Individuals and/or organizations can donate generous and thoughtful gifts of all sizes, from one dollar to hundreds of thousands of dollars to the fund. Grants from the Community Needs Fund are awarded in a twice-yearly competitive grants process. Contact us at 757-397-5424

With this fund, you can support the good work of a specific program or nonprofit of your choosing. Your charitable gift provides that organization with a permanent source of reliable funding, investment management services, and planned giving support – forever. Because we handle the details of the fund, your designated nonprofit is freed up to focus on its mission. If the non-profit organization(s) ever ceased to exist or change its mission, the fund can be redirected so that it continues to address your original charitable intent. This fund may be added to at any time, but unlike a donor advised fund, the amount committed, or granted, is based on the current spending policy of the Foundation. As such, the spending policy may be amended from time-to-time. Contact us at 757-397-5424

This flexible fund allows individuals, families, businesses, or other entities to be actively involved in philanthropy by periodically suggesting grants to be issued to the nonprofit(s) of their choice. You open your fund with a tax-deductible gift, and then recommend how the money should be distributed to charity each year. If you have a range of community interests, a donor advised fund is an ideal vehicle for fulfilling your charitable wishes. It’s also a great way to involve family members in philanthropy; you can name multiple people as the fund’s advisors, including one succeeding generation. Go to our Donor Advised Fund Facts page for more information. Contact us at 757-397-5424

With this fund, you decide the area or field of interest, and leave the grant-making to us. You can target your fund to address any number of community needs – the environment, health, or education, for example. Our professional program staff continually monitors community needs so that you can be sure that grants made in the name of your fund make the most impact in your field of interest. Donors can add to this fund at any time – and so can others. Your gift stays flexible enough to meet community needs in your interest area – even as they change over time. Contact us at 757-397-5424

Scholarship funds are another type of Designated Fund established by donors – individuals, families, businesses, schools, other foundations – as a way to invest in their community’s future and to support students by assisting them with the costs of their education. We welcome scholarship funds that will help students from our area to attend a specific school, college, or university, regardless of its location, or to pursue a particular course of study.  Although most of our scholarship funds target graduating high school seniors, you can establish a scholarship fund to help students at any level, from kindergarten to PhD. You can choose the name of the scholarship, the eligibility criteria, and the award amount. SEVACF administers and manages all financial aspects of the fund – and, if you wish, the application, selection, and award processes as well. Contact us at 757-397-5424

Special Project Funds act like a fiscal sponsorship intended to support a specific project or cause of a particular group that has not established its own tax-exempt status. An organization and/or individual may set up this type of fund with the Southeast Virginia Community Foundation in order to allow its donors’ gifts to qualify as tax deductible. These agreements are for a predetermined time period, but may be renewable upon request. Contact us at 757-397-5424

A donor who wants to help the community but does not have a specific program or charity in mind can establish an unrestricted fund. Because you set no restrictions on the use of your gift, it enables our professional program staff and board to do what we do best – assess community needs and award grants to the nonprofits that undertake our community’s most pressing needs and promising opportunities. Unrestricted funds help us lead collaborative solutions to key community issues; respond quickly to emergencies; and meet the changing social, cultural, educational and environmental needs of southeast Virginia. Grants are made in the name of the fund the donor establishes, thereby creating a personal legacy of giving. Donors may give their gift immediately, through their will or another estate planning strategy. Contact us at 757-397-5424