Planned Giving
Don’t just make donations — make a legacy.
NPCF manages millions of dollars in funds on behalf of individuals and families all over our region; with over 23 years of experience, our clients and partners trust NPCF to leverage smart investment strategies to maximize their generosity.
If you have a connection to Culpeper, Fauquier, Madison, and/or Rappahannock counties and you want to make significant, lasting change in your community, we’re here to help. From one-time gifts to establishing a permanent fund, we offer multiple different programs to help you achieve your financial goals while making a positive difference in our region.
Planned Giving
Planned giving is the transfer of assets (e.g., real estate, stock or life insurance) to a designated nonprofit organization during a lifetime or upon someone’s passing. Usually this happens via a will or other written means. The giving is “planned” because often these assets are not liquid, have tax consequences or can be used to simultaneously generate income for donors.
Why Plan?
People in a variety of circumstances and life stages can benefit from a planned gift.
Planned gifts are really just preparing for or reacting to life’s events: a windfall from the sale of a business; the need to generate a revenue stream for elderly parents; the desire to counter an increase in one’s tax liability; the birth of a child or grandchild; the establishment of a trust; annual planning; or the acquisition of new assets.
People have many opportunities to review their future giving plans, so it is never too soon to plant the seed for planned giving.
Interested in exploring your planned giving options with NPCF? Let us know! Contact us by phone at (540) 349-0631 or email Jane Bowling-Wilson at jbwilson@npcf.org.
Ways to Make a Bequest or Estate Gift
Outright Gift
Cash, appreciated securities, and property are examples of outright gifts. When you transfer ownership of a security to us, you avoid capital gain on the appreciation. We are a public charity, meaning that you qualify for the best available treatment under current tax laws.
Bequest
Some donors designate a specific dollar amount or a percentage of their estate in the bequest. Others simply leave the remainder of their estate to the Foundation to create their named fund.
Sample Bequest Language To Create a Fund
Here is some basic suggested language for donors to use in their will to establish a named Fund.
The Foundation always encourages donors to discuss their estate plans with their professional advisor(s).
I hereby give and bequeath (specific amount)(percentage of estate)(residue of estate) to Northern Piedmont Community Foundation, Warrenton, Virginia, (“Foundation”) to establish the (name) Fund to be perpetually recognized and administered by the Foundation in accordance with its guiding documents, its procedures for endowed funds and with the separate Fund Agreement.
Note: This is sample language only and does not constitute legal advice, please consult your attorney.
Retirement Plan Assets
You can name the Foundation as the designated beneficiary of a retirement plan such as your IRA, 401(k), or 403(b). This is an effective way to make a charitable gift since it will not be subjected to either estate or income taxes.
Please click here to read the most recent information on IRA Charitable Rollover (Qualified Charitable Distribution QCD).
Life Insurance
If you have a paid-up life insurance policy that you no longer need for your family’s protection, you may consider giving it to NPCF to establish a fund. Such a gift would qualify for an income tax deduction. If the policy is not fully paid, you may continue to pay the premiums and receive tax deductions for the amount of the premiums.
CRT (Charitable Remainder Trusts)
A CRT enables you to provide a lifetime income to yourself, your spouse, or other beneficiary and provide the trust principal to NPCF at your death. This principal is then used by us to create a permanent fund named for you or a loved one.
CLT (Charitable Lead Trust)
A CLT enables you to provide current support to us through annual payments from the trust’s income for a period of years. These payments could flow into a permanent endowed fund named for you. Upon termination of the trust, the principal would go to beneficiaries such as your grandchildren or others.
Private Foundation Transfer
For some trustees of private foundations, the demands of administering and making grants from a foundation can become burdensome. The assets of the private foundation can be transferred to the public community foundation, and a fund carrying the same name as the private foundation would be set up. The trustee can continue to be involved with the fund as an advisor. The fund would also be relieved of excise taxes and other regulations.
The 2000 Society
The Northern Piedmont Community Foundation 2000 Society honors and recognizes the philanthropic leadership and vision of individuals who create a planned giving strategy to benefit our community, forever.
Our 2000 Society is a membership group. When you make the decision in your will or trust to bequest a gift to Northern Piedmont Community Foundation, regardless of the size of the bequest, you become a member of the 2000 Society.
If you make a legacy gift with NPCF, you will join an exceptional group of donors. This group cares about protecting and sustaining the communities of the Northern Piedmont long into the future. Legacy gifts ensure the well being of future generations and serve as an inspiration to others to do the same. Planned gifts are a win-win: donors create a lasting legacy and so do the organizations they support. You always have the choice to remain anonymous with your philanthropy.
The Foundation staff and board shall adhere to strict confidentiality with regard to any information, records, letters and personal documents pertaining to donors and gifts.
Talk today to your financial advisor or estate planner or call us and consider a bequest to assist in supporting this beautiful Piedmont we all call home.
Financial Details
Our investments are overseen by an investment committee consisting of members with expertise in the field. Investments are managed jointly by Atlantic Union Wealth Management, Culpeper, VA; Brown Advisory, Baltimore, MD; and Farr, Miller and Washington, Washington, DC; and Akre Capital Management, Middleburg, VA. Information about our investment manager, fees and investment committee is available by contacting our office.
Our Investment Goals (as of FY 2020):
Asset Class | Target Range % |
Target Benchmark |
| Equity | 50-70% | S&P 500 |
| Fixed Income | 25-50% | Bloomberg Barclays U.S. Agg |
| Cash | 0-15% | U.S. 90-day T-bill |
To view our past 990’s and annual reports, please visit our Reports page.