The Community Foundation is Celebrating 25 Years! |
|
CFDRR was established in 1996 and is currently celebrating its 25th anniversary. The Foundation's investment growth is strong, and total assets reached $44.7 million as of November 30, 2020. A strategic plan objective for The Foundation is to raise total assets to $50 million by Fiscal Year 2023.
|
|
|
|
|
Recent Foundation Highlights
- CFDRR received reaccreditation for a three-year period by National Standards for U.S. Community Foundations.
- The Foundation awarded $1,698,753 in grants and scholarships last fiscal year.
-
CFDRR's 2019-2020 Annual Report is hot off the press and available on our website and in our office. Stop by and see us to obtain a copy or several for your workplace and learn more about our funds, grants, and scholarships.
|
|
The CFDRR Legacy Continues to Grow |
|
CFDRR received two major bequests last quarter from members of our Legacy Society, a special group of individuals who have confirmed a bequest to The Foundation. |
|
|
|
W. Earl and Elise M. G. Allen Fund:
A field of interest fund, the Allen Fund was established by Mr. and Mrs. Allen in 1998. The Allen's bequest continues to serve the Fund's purpose of benefiting the people of the town of Chatham and Pittsylvania County, Virginia.
|
|
|
Frank, Mary and Ray Compton Scholarship Fund:
Established in 2020 by Dr. Elizabeth "Boo" Compton in memory of her parents and brother, Dr. Compton's bequest provides post-secondary scholarships to area students, with a preference for Pittsylvania County students who have demonstrated a devotion to academics or are otherwise talented, and have financial need.
|
|
|
As you plan your legacy, consider joining our Legacy Society. Give us a call, our staff welcome the opportunity to speak with you. Bequests can be designated to build an already existing fund or establish a new fund. We are glad to work with financial advisors, attorneys, and accountants to establish bequests. Read more about the CFDRR Legacy Society here. |
|
|
How Do I Start a Fund with CFDRR? |
|
Establishing a fund with CFDRR is a straightforward and simple process. We offer several types of funds: Unrestricted, Donor Advised, Field of Interest, Scholarships, Designated Funds and Agency Funds. Read more about the fund types here.
- The required establishing gift for an endowed fund is $10,000 and $25,000 for a scholarship.
- If an individual or organization should require time to grow their fund balance to reach this minimum, we offer an Acorn Fund, which provides the donor a three-year period to attain the minimum required fund balance, at which point the fund becomes endowed.
- Donors are welcome to contact our office anytime for more information on establishing and administering a fund.
|
|
- Once established, anyone can contribute to the fund.
-
Donations can be made by credit card by calling our office or by visiting our website, or in person at our office. Check donations can be sent via mail or delivered in person to our office.
- Gifts may be made in honor or memory, and acknowledgements are sent promptly for each gift given.
- We frequently receive gifts of stock and are fully equipped for those transactions.
- The donor will receive a fund statement twice annually showing the fund balance, contributions, interest and dividends, fees, and grants awarded.
|
|
Click the above image to enlarge and learn more about the circular momentum and impact of your gift or bequest to The Community Foundation. |
|
CFDRR 2021 Competitive Grant Awards |
|
For a full list of The Community Foundation's 2021 competitive grant cycle awards, please click here to visit our website.
|
|
The Community Foundation of the Dan River Region recently announced a total of 48 new grants to nonprofit community agencies. The grants, totaling $681,461 are the result of The Community Foundation’s 2021 competitive grant cycle.
Approved by The Community Foundation’s Distribution Committee and Board of Directors, the grants were awarded from the Community Impact Fund, Danville Regional Foundation Fund, Field of Interest Funds, and Donor Advised Funds. The Community Impact Fund is composed of the following unrestricted funds: James Russell Anderson and Zora Carter Anderson Fund, Buck-Wayland Fund, Faith Home Endowment Fund, Clarence L. Giles Fund, Harry Melton Hood Fund, Elizabeth (Betty) W. Jefferson Fund, D. Webster, Jr. and Elizabeth S. Marshall Fund, The Opportunity Fund, James A. and Anne V. Robertson Fund, Barbara H. Sater and Herbert W. Sater Memorial Fund, and John C. Swanson, Jr. Fund.
|
|
Stories of Impact: Reasons to Give |
|
Caswell County Parish, 2020 Community Foundation of the Dan River Region Competitive Grant Recipient |
"Families faced with termination of utility service or who have empty tanks and no funds with which to buy LP gas or oil or kerosene are in crisis, especially in cold weather when it comes down to the possibility of having to leave the home to stay warm and preserve food. The stress level of those coming in for assistance is extremely high and the relief they exhibit when a plan is finally devised and assistance is provided is immense. There are tears and many expressions of gratitude. These are not people who casually check to see what is available. Their backs are against the wall. They are not between a rock and a hard place. They are ON the rock with nowhere else to turn. We are their last resort." |
|
If you would like to financially support programs such as this, please contact our office or visit our website at www.cfdrr.org to discuss your donation options.
#cfdrrstoriesofimpact #cfdrrcelebratingtwentyfiveyears
|
|
The Community Foundation of the Dan River Region | 434-793-0884
541 Loyal Street, Danville, VA 24541
|
|
|
|
|
|
|
