The bulk of Tim Bostic and Tony London’s estate will go
to the Hampton Roads Community Foundation to create
a charitable fund. Proceeds from their fund will be divided:
half for scholarships and half for grants to organizations
that help families in need.
“We had intended to create
our own foundation and have it managed.
But our attorney said it would
cost too much.”
Tim and Tony were drawn to the Foundation,
they say, because of our low administrative costs, our high rank
among community foundations nationally, and because
they could choose how their funds would be used.
A bit of
Tim Bostic and Tony London are big supporters of children’s
charities. Tim is a Ph.D. who “saw heartbreaking things” as a
former high school teacher, spurring his interest in scholarships.
He is now a research assistant at Old Dominion University.
Tony is a Realtor who specializes in working with older
homeowners. They’ve been a couple for more than 20 years
and live in Norfolk.
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