Lula and Mason Cole were longtime residents of the Northern Neck. Throughout their lives, they were able to enjoy successful careers and establish a substantial amount of wealth as a result. They also had a heart for humanitarian work and their community which drove their decision to set up a trust that would eventually pass to a charitable foundation(s) upon their death.
The Cole Charitable Trust was established through Chesapeake Wealth Management with the family’s attorney, Ray Britt, Esq. This was a collaborative effort that allowed them to save a significant amount of money on taxes while they were living, and now funds grants to organizations that will continue work in the areas that they were most interested in.
Each year the committee managing the charitable trust reviews the applications that have been submitted. Applicants must meet specific criteria specified in the documents directions in order to be approved. This year 33 recipients received the awards, totaling $248,000. A representative from each organization met on 12/14 to receive their check, take a group picture, and share with each other more about their organization and heart for the community.
“It was great seeing over two dozen non-profits serving the Northern Neck together in the same room letting each other know the needs they are serving. The mosaic of services they provide are integral to the betterment of our community,” said Jeff Szyperski, President and CEO of Chesapeake Bank
Please visit the links below to learn more about each recipient and their great causes.
- The Animal Welfare League of the Northern Neck
- Boys and Girls Club of the Northern Neck
- Camp Kekoka
- Chesapeake Academy
- Hospice Support Services of the Northern Neck
- Lancaster/Northumberland Interfaith Service Council
- Kilmarnock Museum
- Lancaster Co. VA Education Fdtn.
- Lancaster Community Library
- Lancaster/Northumberland Habitat for Humanity
- Legal Aide Works
- Northern Neck Artisan Trail
- Northern Neck CASA
- Northern Neck Food Bank
- Northern Neck Free Health Clinic
- Northern Neck Land Conservancy
- Northern Neck Orchestra
- The Northern Neck Sail and Power Squadron
- Partners for the Lancaster County Schools Foundation
- Atkinson Museum at Hampden-Sydney
- Preservation Northern Neck & Middle Peninsula, Inc.
- Rappahannock Art League
- Rappahannock Community College Educational Foundation (RCC)
- Rappahannock Foundation for the Arts
- Rappahannock General Hospital Foundation
- RWC Foundation
- Shirley Perkins Memorial Fund for Animals
- Smith Point Sea Rescue
- The Haven Shelter and Services, Inc.
- The Link
- Visions (LEAD Northern Neck)
- Westmoreland Players
- The Northern Neck Family YMCA
If these arrangements sound like something you’d like to do with your own estate, please contact Chesapeake Wealth Management at 804-435-3652.