1 MARTINSVILLE AREA COMMUNITY FOUNDATION. 2 What is a Community Foundation? 1914-Cleveland Over 700 in U.S. $44.8 billion in assets.

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Presentation transcript:

1 MARTINSVILLE AREA COMMUNITY FOUNDATION

2 What is a Community Foundation? 1914-Cleveland Over 700 in U.S. $44.8 billion in assets

3 Martinsville Area Community Foundation-Established in 2005 Assets of over $11 million in 18 different endowment funds Affiliated with Foundation for Roanoke Valley, Inc. (1988)

4 TYPES OF ENDOWMENT FUNDS  Unrestricted Fund Meeting ever-changing needs  Field of Interest Fund Addressing needs in an important area of community life  Designated Fund Directing gifts to specific agencies or purposes  Donor Advised Fund Involving donors in the use of their gift

 Grantee Endowment Fund Enabling nonprofit organizations to establish endowments  Scholarship Fund Helping young men and women pursue educational opportunities  Memorial Fund Honoring the memory of a loved one and perpetuating charitable issues of importance to that individual Funds can be established in any of these categories