Donor Resources

• Click/tap here to download Wire and ACH instructions, Stock transfer instructions and Sample Bequest language.
• Click/tap here to preview a sample Donor Advised Fund Agreement. The FAV’s Donor Advised Fund Policy is available on request (coming soon).
• Click/tap here to preview a sample Scholarship Fund Agreement (coming soon).
• Click/tap here to preview a sample Agency Fund Agreement (coming soon).
• Click/tap here to preview a sample Scholarship Fund Agreement (coming soon).
• Click/tap here to preview a sample Unrestricted Fund Agreement (coming soon).
• Click/tap here to preview a sample Designated Fund Agreement (coming soon).
• Click/tap here to preview a sample Field of Interest Fund Agreement (coming soon).
• Click/tap here to preview a sample Donor-Advised Fund Agreement (coming soon).

Click/tap here to download a copy of the FAV’s IRS Determination Letter.

The FAV honors the trust placed in us through the practice of sound financial principles, careful stewardship, and transparency. At a future date, the following documents will be available for viewing on the website.

Audited Financial Statements

(To date, there are no audited financial statements)

990 Tax Returns

 (To date, there are no 990 tax returns)

Fees to the FAV support services to the community, including responding to disasters, supporting nonprofits and donors, leading initiatives, and covering management services that the foundation provides. There are no fees to start a fund at the FAV. The FAV assesses annual service fees on funds as detailed below.

Donor-Advised, Agency, Field of Interest Funds

Fund Minimum: $10,000, 3 years to reach the minimum

Foundation Service Fee: 1.25% for Field of Interest Fund and 1% for donor-advised funds

Endowed Funds

Fund Minimum: $10,000, 3 years to reach the minimum

Foundation Service Fee: 1.25% annually

Scholarship Funds

Fund Minimum:  $15,000, 5 years to reach the minimum

Foundation Service Fee: 1.5%

Other Fees:

Investment consultant fees are approximately 35 basis points annually and are charged against investment returns before these returns are posted to fund balances.

Occasionally other fees may apply, when special circumstances require unusual outside expertise or assistance.

All fees are annually reviewed by the FAV Board of Directors and may be adjusted over time.

The Foundation for Appalachian Virginia’s investment strategy for endowed funds is to preserve the original value of gifts in terms of inflation and grow assets, to the extent that market conditions allow, to support charitable needs now and in the future. For non-endowed funds, both the principal and net earnings are available for charitable distribution.

The FAV offers an investment pool designed to achieve long-term growth using equities and fixed income holdings.  Non-endowed funds may be invested in the long-term portfolio, as well as short-term fixed income and a highly liquid cash management portfolio. 

The FAV’s Investment and Finance Committee, which includes investment professionals who work in the region, meet quarterly to review the FAV’s portfolio performance, recommend spending rates, and make recommendations to the Board of Directors concerning investment advisor(s), budgetary issues, spending policies, and fees.

• Click/tap here to download a copy of the FAV’s By-Laws (coming soon)
• Click/tap here for the FAV’s Donor Bill of Rights (coming soon)