R. Leigh Frackelton, Jr. Esq., CPA
Partner and CPA
Goodpasture, Purvis & Frackelton, PC
As a founding member of the Board of Governors, R. Leigh Frackelton, Jr. appreciates the value of The Community Foundation to both potential donors and to the Fredericksburg region. Frackelton, a local tax attorney and Certified Public Accountant, recommended the foundation to Virginia Lottery Powerball jackpot winners Dave and Nancy Honeywell. The Honeywells subsequently established a $4 million donor advised fund. The Honeywell Charitable Fund is the largest single fund established at the foundation since it was founded in 1997.
“From the beginning, they wanted to share a portion of their winnings with the community. From a tax perspective, it was important to make the sizeable charitable contribution in this tax year,” Frackelton said. “I recommended The Community Foundation because creating a fund there would maximize their tax benefits yet also give them time to thoughtfully decide which worthy nonprofit organizations they would support.”