The Thomas F. Farrell II Legacy Fund
Investing in Virginia’s Future Through Visionary Leadership, Inclusive Innovation, and Strategic Capital
Honoring the enduring legacy of Thomas F. Farrell II—a visionary whose leadership continues to shape Virginia’s future with purpose, integrity, and bold commitment to the common good.
(image referenced from WTVR News 6)About the Fund
The Thomas F. Farrell II Legacy Fund honors the enduring impact of a visionary leader whose commitment to Virginia’s progress shaped its civic, educational, and economic landscape. As a dedicated public servant, business leader, and advocate for equity and innovation, Farrell served as Chairman, President, and CEO of Dominion Energy, where he led transformative initiatives to modernize infrastructure, invest in clean energy, and expand economic opportunity across the Commonwealth.
Beyond his corporate leadership, Farrell championed the arts, higher education, and public policy. He served on numerous boards, including those of the University of Virginia, the Virginia Museum of Fine Arts, the State Council of Higher Education, Theatre IV (Virginia Repertory Theater), and United Way, among others. He was instrumental in driving forward public-private partnerships that strengthened Virginia’s national competitiveness and community well-being.
The Legacy Fund, established in his name, continues Farrell’s lifelong mission: to invest in leadership development, educational access, and strategic initiatives that shape a stronger, more inclusive Virginia. Through the delivery of grants, scholarships, and partnerships, the Fund empowers future leaders who share his vision for thoughtful stewardship and bold civic engagement.
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Disclaimer:
The Thomas F. Farrell II Legacy Fund is a private, donor-advised trust established to support mission-aligned civic and economic development initiatives across the Commonwealth of Virginia. The Fund is facilitated by Modern Ancients, LLC, which serves as the programmatic coordinator and ecosystem convener. Rood Financial, S-Corp serves as the designated fiduciary and account administrator for all incoming contributions and outgoing disbursements.
All contributions to the Fund are directed to pre-approved projects in accordance with the trust’s purpose and donor advisement. While Modern Ancients does not serve as a recipient or beneficiary of trust assets, it may receive reasonable compensation for services related to project design, stakeholder convening, impact tracking, and capital allocation advisory, as agreed upon with the fund administrator and donor advisors.
This is not an offer to invest, and no securities are being offered or solicited. Contributions to the trust are not investments and do not generate financial returns. Donors may recommend allocations but have no ownership or control of funds once contributed.
This Fund operates independently of any other investment vehicle or capital program facilitated by Modern Ancients. No other financial offerings, funds, or projects administered by Modern Ancients are connected to the Farrell Fund in any legal, financial, or fiduciary capacity.
The Fund operates independently of a 501(c)(3) structure. Contributions may not be tax-deductible unless routed through an authorized charitable conduit or fiscal sponsor. Donors should consult their tax advisor before contributing.