Advantages:

Value of a Community Foundation:

Community foundations are the fastest growing sector of philanthropy in the United States today. They are recognized as both builders of communities and of permanent charitable endowments that enable them to meet the pressing needs of their communities now and in the future.

Nearly every type of gift-real estate, closely held stock, artwork and insurance-can be contributed to a community foundation. Gifts are made from bequests and by living donors who want to be actively involved in local philanthropy.

As a community foundation, THE VIRGINIA BEACH FOUNDATION has the ability to provide an added value which donors cannot find elsewhere.

• The Virginia Beach Foundation provides the highest quality charitable services for our donors and our community.
• The Virginia Beach Foundation knows our community's needs, and provides professional oversight and evaluation of grants.
• The Virginia Beach Foundation provides donors with the assurance that their funds are not only efficient but also effective.
• The Virginia Beach Foundation evaluates and helps coordinate services in the community serving as a catalyst, convener, and coordinator of special projects.
• The Virginia Beach Foundation's professionally managed endowment funds are maintained in perpetuity assuring donors that their charitable intent will be carried on even if the recipient nonprofit organization ceases to exist.

The Virginia Beach Foundation currently holds over $19 million in assets: deferred gifts are approaching $20 million.

Over 1000 community investments/grants valued at over $8.3 million have been provided to organizations, agencies and programs over the last 20 years for the enhancement of Virginia Beach's quality of life and that of the surrounding communities.