Frequently Asked Questions

Give Now Honor Tree - Honor someone with a gift to the VBH Foundation.

Residents who have paid an entry fee and qualified for residency in a LifeSpire community are eligible for benevolence. All residents requesting benevolent assistance go through an application process that includes a financial review of current and recent years.  All awards are made by the LifeSpire Benevolence Committee.

A gift to support benevolence helps a resident who outlives their assets through no fault of their own and needs financial assistance to pay for their care at a LifeSpire Community.  It can also support a minister and their spouse to be able to move into one of our communities.

During 2018 and 2019, of residents who receive subsidy:

  • 85% are women
  • 63% are widows
  • 55% are over 90
  • 68% are cared for in Assisted Living, Memory Care, or Skilled Nursing

A gift to the LifeSpire Employee Education Fund can provide scholarships and tuition assistance to LifeSpire community and home office staff, their children, or their grandchildren.

A gift to the LifeSpire Spiritual Life Program supports pastoral care and interfaith programs for residents, staff, and families.

Your cash gifts help our current residents through the available Benevolence Fund donation options.

Your contribution to an Endowed Fund for Benevolence will continue to help residents in the future through earnings from maturation.

52-1373103
VBH Foundation
3961 Stillman Parkway
Glen Allen, VA 23060

Most gifts are fully tax deductible. If you receive any goods or services in return for your gift, such as a golf foursome  at our annual tournament, the fair market value of those items is not tax deductible.

Contributions to the VBH Foundation are subject to IRS Code sections 501(c) (3) and 501(a) (1).

All gifts are used as specified by the donor.  That is, all gifts designated to a certain community benefit only that community.  All gifts restricted to endowment or capital projects are tracked separately and used as the donor intends.  Gifts undesignated will be used where the need is greatest.

Yes, donors often pledge gifts to be paid over time. For example, a donor who pledges $25,000 might complete the commitment over three to five years.  Contact the Foundation to inquire about making a pledge commitment.

The VBH Foundation accepts primarily cash (checks or credit cards) and appreciated securities.  Donors interested in making gifts of artwork, furniture, or other types of gifts may contact Jodi Leonard at the Foundation.  jleonard@vbh.org; (804) 521-9213

All gifts are subject to review by the LifeSpire Board of Trustees in accordance with the Gift Acceptance Policy.

Yes, we have naming opportunities specific to our four communities.  Contact the Foundation to learn more.

During the course of our various programs and activities, we frequently gather and use personal information. Anyone from whom we collect such information should expect that their data will be carefully protected and that any other use of this information is subject to consent. Our privacy practices are designed to achieve this.

Donors are offered the opportunity to make their contribution anonymously in all acknowledgement materials.

LifeSpire and the VBH Foundation comply with all HIPAA Privacy and Security regulations with regards to resident records.

During the course of qualifying a prospective resident into any one of our communities, we gather a significant amount of financial data. This data will not be used by LifeSpire or its subsidiary corporations for the purpose of solicitation of gifts.

We collect, use and disclose personal information only for purposes that a reasonable person would consider appropriate in light of the circumstances. We do not sell, trade, or otherwise share our mailing lists. However, if at any time you wish to be removed from our mailing list, simply contact us by phone at 804-521-9213 or via email at jleonard@vbh.org. Please allow 14 days to allow us to update our records accordingly.

A minimum gift of $100,000 can establish an endowment fund in honor or memory of a loved one.  Contact the Foundation to learn more about the funds that already exist and to inquire about starting a new fund.

LifeSpire’s endowment funds (including those of the Foundation) are invested by a professional management firm in a diverse portfolio of investments including equity, fixed income, and defensive investments.  Our investment mix is governed by our official investment policy, which is administered by the Investment Committee of the LifeSpire Board of Trustees.

The VBH Foundation is governed by a Board of Trustees consisting of representatives from the market regions that we serve (Culpeper, Newport News, Richmond, and Roanoke).  The foundation is audited annually by a nationally recognized accounting firm.

The Foundation is led by the President/CEO of LifeSpire, with the support of development professionals.

The VBH Foundation adheres to the Code of Ethical Conduct published by the Association of Fundraising Professionals. Included with that code is a DONOR BILL OF RIGHTS[PM5] .

The Donor Bill of Rights was created by the Association of Fundraising Professionals (AFP), the Association for Healthcare Philanthropy (AHP), the Council for Advancement and Support of Education (CASE), and the Giving Institute: Leading Consultants to Non-Profits. It has been endorsed by numerous organizations.