                                 CODE OF VIRGINIA

FAMILY AND CHILDREN&#8217;S TRUST FUND; PUBLIC PURPOSE; EXEMPT FROM TAXATION (§
63.2-2100)

A. There is hereby created the Family and Children&#8217;s Trust Fund (the Trust
Fund). The exercise of powers granted under this chapter shall be in all
respects for the benefit of the citizens of the Commonwealth and for the support
and development of services for the prevention and treatment of child abuse and
neglect and violence within families. This goal shall be achieved through public
and private collaboration.

B. The Trust Fund will be performing an essential governmental function in the
exercise of the powers conferred upon it by this chapter. Gifts, contributions,
grants, devises, and bequests, whether personal or real property, and the income
therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the
Commonwealth, which shall be exempt from all state and local taxes, and shall be
regarded as the property of the Commonwealth for the purposes of all tax laws.

HISTORY: 1986, c. 416, § 63.1-326; 2002, c. 747; 2012, cc. 803, 835; 2016, cc.
110, 627.