Why partner with GCF

When you work with GCF, you will not only have access to a host of charitable giving options for your clients, but also a committed staff with extensive knowledge of the community and the latest trends in philanthropy.

Take a look at the many benefits of working with us:

• Personalized service: We work with you to develop a giving approach that matches your clients' interests and addresses their tax-planning needs. We help integrate charitable giving and engage family members.
• Community knowledge: We are here to help you make the most of your giving. We monitor all areas of community need so that when you are ready to explore opportunities for giving, we can connect your interests with nonprofits creating effective change.
• Investment expertise: Through its affiliation with the Community Foundation in Richmond, GCF is involved in a unique investment partnership with the University of Richmond and Spider Management Company LLC, investment manager for the university's endowment. This partnership gives us access to a mature, well-diversified investment portfolio managed by a seasoned staff with an excellent performance record.
• Experience with non-cash gifts: In addition to gifts of cash and marketable securities, we accept gifts of real estate, closely held businesses and other non-cash assets. We offer trusteeship for charitable trusts where GCF is a beneficiary and we handle trust and private foundation terminations.
• Accountability: As responsible stewards of your gift, we preserve and execute donor intent during your lifetime and beyond. We conduct a full review of all nonprofits prior to grant distributions and we maintain communication with these agencies to ensure that your wishes are fulfilled.
• Flexibility: While we focus on the needs of Gloucester, we can make grants to charities outside the region.
• Convenience: You have 24/7 access to your fund information. You can submit online grant recommendations, view your fund balance and review transaction history. You can make additional contributions to your grant via credit card.
• Anonymity: We can establish a fund, accept a gift or make a grant in a way that will protect your privacy.

In a nutshell, we make your job easier. To learn more about GCF, call 804-436-1600 or email Lincoln Boykin, Director of Affiliate Foundations.

Our charitable funds

We consider ourselves an extension of your team, providing your client with the same customized, superior service they have come to expect. Once we identify the appropriate giving solution to support their charitable passions, set up is quick and convenient. Our gift agreements are two-pages and can be executed in one brief meeting.

What we offer:

• Unrestricted funds enable the Foundation to use donor dollars to address identified need in the community.
• Field-of-interest funds channel donors' giving to an issue or area they find important, such as education, the arts or healthcare.
• Designated funds and Agency Endowments allow for a steady stream of support to specific charitable organizations.
• Scholarship funds can be based on field of study, community involvement, merit or financial need. Our staff will work with your client to establish guidelines as to who can receive assistance from the fund.
• Donor-advised funds enable your clients to identify charitable organizations addressing issues they find important. Your clients then recommend grants to those charities they wish to support at their convenience.
• Supporting Organizations provide opportunities to participate in governance, investment management or a focused grantmaking program for clients wishing to donate assets of $5 million or more. The IRS sets forth a number of operational tests to determine if a supporting organization will be allowed.

What is a community foundation?

A community foundation is a public charity that helps your clients achieve their philanthropic goals through named charitable funds. From these funds, grants are made primarily to benefit a defined geographical area. Each community foundation is overseen by a volunteer board and run by professionals with expertise in community need. Community foundations are committed to informing their donors and the community about the challenges facing their area as well as identifying promising solutions.