{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/2.2-2719.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/2.2-2719.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/2.2-2719.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/2.2-2719.html"}],"law_id":352728,"edition_id":2,"section_id":352728,"structure_id":50500,"section_number":"2.2-2719","catch_line":"Gifts and bequests; exemption from taxation","history":"2003, cc. 657, 670.","full_text":"Gifts and bequests of money, securities, or other property to the Fund, and the interest or income therefrom, shall be deemed gifts to the Commonwealth, and the Fund shall be exempt from all state and local taxes. Unless otherwise restricted by the terms of the gift or bequest, the Foundation may sell, exchange, or otherwise dispose of such gifts and bequests. The proceeds from such transactions shall be deposited to the credit of the Fund. The Foundation may actively solicit private donations for the Fund.\n\n","order_by":null,"text":{"0":{"id":1313178,"text":"Gifts and bequests of money, securities, or other property to the Fund, and the interest or income therefrom, shall be deemed gifts to the Commonwealth, and the Fund shall be exempt from all state and local taxes. Unless otherwise restricted by the terms of the gift or bequest, the Foundation may sell, exchange, or otherwise dispose of such gifts and bequests. The proceeds from such transactions shall be deposited to the credit of the Fund. The Foundation may actively solicit private donations for the Fund.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50500,"edition_id":2,"name":"Veterans Services Foundation","identifier":"6","label":"article","depth":5,"order_by":2,"parent_id":50494,"metadata":{"child_laws":6,"child_structures":0},"date_created":"2026-08-02 02:28:30","date_modified":"2026-08-02 12:27:14","permalink":{"id":1402595,"object_type":"structure","relational_id":50500,"identifier":"6","token":"2.2\/I\/D\/27\/6","url":"\/2.2\/I\/D\/27\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50494,"edition_id":2,"name":"Foundations and Other Collegial Bodies","identifier":"27","label":"chapter","depth":4,"order_by":6,"parent_id":50385,"metadata":{"child_laws":32,"child_structures":11},"date_created":"2026-08-02 02:28:28","date_modified":"2026-08-02 12:27:13","permalink":{"id":1402503,"object_type":"structure","relational_id":50494,"identifier":"27","token":"2.2\/I\/D\/27","url":"\/2.2\/I\/D\/27\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50385,"edition_id":2,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":4,"parent_id":50327,"metadata":{"child_laws":398,"child_structures":113},"date_created":"2026-08-02 02:27:36","date_modified":"2026-08-02 12:26:59","permalink":{"id":1400915,"object_type":"structure","relational_id":50385,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50327,"edition_id":2,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":50326,"metadata":{"child_laws":1084,"child_structures":230},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398457,"object_type":"structure","relational_id":50327,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50326,"edition_id":2,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":3,"parent_id":null,"metadata":{"child_laws":1509,"child_structures":292},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398455,"object_type":"structure","relational_id":50326,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":352724,"structure_id":50500,"section_number":"2.2-2715","catch_line":"Veterans Services Foundation; purpose; report; membership; terms; compensation; staff","url":"\/2.2-2715\/","token":"2.2\/I\/D\/27\/6\/2.2-2715","metadata":false},{"id":352723,"structure_id":50500,"section_number":"2.2-2715.1","catch_line":"Executive Director","url":"\/2.2-2715.1\/","token":"2.2\/I\/D\/27\/6\/2.2-2715.1","metadata":false},{"id":352725,"structure_id":50500,"section_number":"2.2-2716","catch_line":"Authority of board of trustees","url":"\/2.2-2716\/","token":"2.2\/I\/D\/27\/6\/2.2-2716","metadata":false},{"id":352726,"structure_id":50500,"section_number":"2.2-2717","catch_line":"Form of accounts and records; audit","url":"\/2.2-2717\/","token":"2.2\/I\/D\/27\/6\/2.2-2717","metadata":false},{"id":352727,"structure_id":50500,"section_number":"2.2-2718","catch_line":"Veterans Services Fund","url":"\/2.2-2718\/","token":"2.2\/I\/D\/27\/6\/2.2-2718","metadata":false},{"id":352728,"structure_id":50500,"section_number":"2.2-2719","catch_line":"Gifts and bequests; exemption from taxation","url":"\/2.2-2719\/","token":"2.2\/I\/D\/27\/6\/2.2-2719","metadata":{"court_decisions":""}}],"previous_section":{"id":352727,"structure_id":50500,"section_number":"2.2-2718","catch_line":"Veterans Services Fund","url":"\/2.2-2718\/","token":"2.2\/I\/D\/27\/6\/2.2-2718","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2719\/","history_text":"

This law was first created in 2003. The record of its establishment is cataloged in chapters 657<\/a> and 670<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1402617,"object_type":"law","relational_id":352728,"identifier":"2.2-2719","token":"2.2\/I\/D\/27\/6\/2.2-2719","url":"\/2.2-2719\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/2.2-2719\/","token":"2.2\/I\/D\/27\/6\/2.2-2719","dublin_core":{"Title":"Gifts and bequests; exemption from taxation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2719","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Gifts and bequests of money, securities, or other property to the Fund, and the interest or income therefrom, shall be deemed gifts to the Commonwealth, and the Fund shall be exempt from all state and local taxes. Unless otherwise restricted by the terms of the gift or bequest, the Foundation may sell, exchange, or otherwise dispose of such gifts and bequests. The proceeds from such transactions shall be deposited to the credit of the Fund. The Foundation may actively solicit private donations for the Fund.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGIFTS AND BEQUESTS; EXEMPTION FROM TAXATION (\u00a7 2.2-2719)\n\nGifts and bequests of money, securities, or other property to the Fund, and the\ninterest or income therefrom, shall be deemed gifts to the Commonwealth, and the\nFund shall be exempt from all state and local taxes. Unless otherwise restricted\nby the terms of the gift or bequest, the Foundation may sell, exchange, or\notherwise dispose of such gifts and bequests. The proceeds from such\ntransactions shall be deposited to the credit of the Fund. The Foundation may\nactively solicit private donations for the Fund.\n\nHISTORY: 2003, cc. 657, 670.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}