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HOMETOWN GIVING CONNECT WITH YOUR COMMUNITY!


UNRESTRICTED FUNDS

These can address ever-changing community needs. The flexibility of your unrestricted gift enables The Community Foundation to respond to the area’s most pressing needs for today and tomorrow.

FIELD OF INTEREST FUNDS

Field of interest funds can address needs in an important area of community life - arts and culture, education, senior adults, youth, humanitarian needs or a specific town, city or county.


DESIGNATED FUNDS

Designated funds support nonprofit organizations named by donors. Grants are made annually to the named organizations to support their work.


AGENCY ENDOWMENT FUNDS

Agency endowment funds allow nonprofit organizations (agencies) to create a permanent and predictable source of funding dedicated for their organization. The agency can add to the fund as well as individuals, organizations and businesses.


DONOR ADVISED FUNDS Donor advised funds allow donors or those they name as advisors to recommend grants to specific charitable organizations. All grant recommendations must be approved by the Foundation Board.


Our Funds

SCHOLARSHIP FUNDS

Scholarship funds help area students achieve their academic and career-oriented goals. Donors may recommend specific scholarship guidelines, such as high school or college attended, merit, need or field of study.

(‘02)

10


Our Funds

11


COMMUNITY PARTNERSHIPS

The Community Foundation enters into special Community Partnerships with a local organization after careful consideration. Community Partnerships represent specific agreements where The Community Foundation receives and administers Community Partnership funds that benefit the area.

ACORN FUNDS

Acorn Funds allow individuals, families and organizations to build an endowment over time. Donors are allowed three years to reach the minimum required to establish a permanent endowment at The Community Foundation.


UNRESTRICTED AND FIELD OF INTEREST

Unrestricted grants were awarded from Funds whose purpose is unrestricted. Field of Interest grants were awarded from Funds established by donors wishing to support a particular field of interest, such as youth, arts and culture or humanitarian causes.


DONOR ADVISED

These grants were awarded from Funds with donor advisors.


DESIGNATED

These grants were awarded from Funds whose purpose is designated to support one or more specific organizations.


Support and Revenue

2018

Contributions Investment Income Net Gains/(Loss) on Investments Other Income Total

2017

2,686,514 631,437 2,185,384 6,010 $5,509,345

1,703,760 647,351 3,417,746 6,232 $5,775,089

Grants & Scholarships Program Related Management & General Development Total

1,246,242 128,525 264,614 68,335 $1,707,716

1,426,201 108,684 244,478 74,634 $1,853,997

Net Assets Change

$3,801,629

$3,921,092

Beginning Balance

$32,945,025

$29,023,933

Ending Balance

$36,746,654

$32,945,025

Expenses

$1.2 Million

$2.7 Million

100 Scholarships

$36.7 Million

Grants were awarded across the region to ease suffering, enrich the arts and enhance the great work of our nonprofits.

Nearly $200,000 in scholarships was awarded to 100 area students.

Our donors generously gave nearly $2.7 million in gifts to The Community Foundation this year. Nine new endowment funds were also created.

Thanks to your generosity, The Community Foundation now has $36.7 million in charitable assets dedicated to our region.


Community Foundation of the

Dan River Region

reet • Danville, VA 24541

Community Foundation

Non-Profit Organization U.S. Postage

Dan River Region

Permit No. 870 Lynchburg, VA

of the

ce Requested

Moving Forward. Giving Back. WWW.CFDRR.ORG • 434-793-0884

PAID

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Community Foundation of the Dan River Region's Annual Report - 2017-2018  

Community Foundation of the Dan River Region's Annual Report - 2017-2018  

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