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Published byAngelica Gordon Modified over 9 years ago
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1 MARTINSVILLE AREA COMMUNITY FOUNDATION
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2 What is a Community Foundation? 1914-Cleveland Over 700 in U.S. $44.8 billion in assets
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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)
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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
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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
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