Community Foundation of the Dan River Region : 2018 annual report

2018·27.7 MB·English

by  Community Foundation of the Dan River Region

Community
Foundation
ofthe===
Dan River Region
Board of' t>irector~
CharlesJ. Strauss, President
JamesA.L. Daniel, PastPresident
AngelesAtkinson, Vice President
RichardJones, Treasurer
RodneyReynolds, Secretary
Brian Wilson, AtLarge
Rebecca Barker Inez Rodenburg Hasson HarryT. Kolendrianos
ScottBarnes Phillip Hayes,Jr. Winnifred Lindquist
Richard Camp Janet Holley Donald Nodtvedt
Ginny Foster Kathy Hurt Phillip Smith
Felicia Hairston William C. Kelehar Calton Weatherford
CoverPhotoCredit-CaswellCountySunflowers ConfirmedbytheNationalStandardsfor us.
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donorserviceandaccountability.
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Staff
Community
541 LoyalStreet DebraL.Dodson
ExecutiveDirector
Foundation DanvilleVA,24541
[phone] MorganEpstein
=== ofthe === Fax: [phone] Program Officer
Dan River Region
Email:[email protected]
AnnetteRoncaglione
Website:www.cfdrr.org
DonorServicesManager
significant partnersupporting ourcommunities.
In addition to managing funds and awarding
grants and scholarships,the Foundation hosts
aquarterly meeting with all the majorarea
foundations and othercharitable funding sources
with acollaborative goal ofunderstanding
the needs in ourcommunities and striving
to fund those needs.The Foundation will be
experimenting this yearwith offering educational
teleconference presentationsto professional
advisors in the area to furthertheireducational
needs.The Foundation will continueto reach
The Community Foundation ofthe Dan River
outin the areas we serve -Pittsylvania, Halifax,
Region justfinished its 22nd year-"Moving
Caswell Counties and the City ofDanville
Forward, Giving Back" -ayear in which we
sponsoring luncheonstothankthose who
continued to establish and manage permanent
have established funds in the pastand offer
endowments and donoradvised funds which
opportunitiesforthose who maywish to create
allow usto help meetthe needs ofour local
newfunds orsimply donateto existing funds.
communities. From its inception as abrand new
communityfoundation in 1996,the Community
We continueto operate with a"lean" hard
Foundation ofthe Dan River Region has emerged
working and highlyqualified staffincluding the
asthe 8th largestcommunityfoundation in
Executive Directorforthe past 19years -Debra
Virginia with morethan $36 million in assets.
Dodson, Morgan Epstein, Program Officer,
and Annette Roncaglione, DonorServices
Each yearthe Foundation awards both grants
Manager. Ourcurrent Board of Directors has
to nonprofitorganizations and scholarships
21 professionals and community leaders who
to students in the Dan River Region. Since its
representthe communities we serve.Theystand
creation,the Foundation has awarded morethan
on the shoulders offormervolunteer board
$22 million in grants and scholarships.This past
members and officers, hoping onlyto equalthe
year2017-18,the Foundation awarded $196,515
exceptional leadership provided overthe past
in scholarshipsto 100 students and morethan
21 years. This year, the Community Foundation
$1 million in grants.The Community Foundation
ofthe Dan River Region looksforward to
ofthe Dan RiverRegion supports projects in the
making newfriends who wish to become apart
communitythrough special funds such asthe
ofthe lasting legacy ofsupport and hope in
Veterans Memorial Fund,the RiverBank Fund
ourcommunities providing forthe needs and
and the new PetCenter Fund. Forsome ofthese
meetingthe challenges weface.
funds, we have been actively involved in raising
money in addition to managing the fund.
CMrte~ J. ~trdu~
We are grateful forthetrustand respect
demonstrated bythe generosityofindividual President, BoardofDirectors
donors, companies and other non-profit
agencies. Itis because ofourdonorsthatthe
Foundation continuesto growand be amore
TheCommunityFoundationoftheDanRiverRegion OurVision
is an independent, public charity established in To recognize needs and provide resources to
September 1996 by a steering committee of local improvethe quality of life in our community and to
civic leadersto gather permanentfunds to support servethe wishes ofourdonors.
ourarea.
Our Mission
WhiletheFoundationworkswithdonorstoestablish To improve and enrich the lives of people in our
funds to benefit any geographic area, our primary
community by encouraging the generosity of
service area is Danville/Pittsylvania County, Virginia
donors; by receiving, managing and distributing
and Caswell County, North Carolina. Donations are important resources; and by meeting a variety of
also being sought to build up resources for South charitable purposes in ourcommunity.
Boston/Halifax County, with consideration being
givento otherneighboring counties.
Each community foundation is fundamentally tied
to a specific geographic area, where it works to
serve the interests of donors, residents, and the
communityatlarge.Tomeetthevariedphilanthropic
needs of their donors and the communities they
serve, communityfoundations offerarange offund
types and services.
The Community Foundation is fully tax-exempt as
an organization described in Sections 501(c)(3)and
170(b)(A)(vi)ofthe Internal Revenue Code.
Strategic Impact Personalized Involvement
With experience inthe communitysince 1996,the Meeting yourcharitable objectives is our priority.
Foundation stafftargetsyour resourcesto achieve With ourknowledge ofthe community,you can
the greatestimpact. learn moreaboutthe causes you care about.
Tax Benefits Geographic Flexibility
As a501(c)(3)charitable organization, all Theentire Dan River Region isthe primaryfocus
contributions qualifyfor maximum deductionsfor ofthe Foundation'swork. However, grants may be
income, giftand estate purposes. madeto an organization anywhere inthe world on
yourbehalfas long asthe organization's charitable
SimpleAdministration status can be confirmed.
Establishing afund withthe Foundation can
take as littleas one hour.Ourstaffmanages all Charitable Legacy
administrativeand grantmaking activities, soyou When you createan endowed fund, generations
can rest easyknowing thatyourcharitable goals to come will benefitfrom yourcommitmentand
are met. generosity.
c
Byjoining with morethan 4,000 Community Effective
Foundation donors, you havefound an easyway
We are dedicated to ensuring thatyourcharitable
to accomplish yourcharitable dreams.As our
giving is as effective as possible.Yourfund will
partnerin giving,you receivethe simplicityand tax
benefitfrom aknowledgeable grantoversight
advantages ofapubliccharitycombined withthe
staff, excellentfinancial managementand aclosely
personal recognition, involvementand flexibility of
monitored investmentstrategy.Yourcharitable
aprivatefoundation.
giftsare an investment- in yourcommunity,your
houseofworship, youralma materorwhatever
Easy causes you select.Tap intothe expertise ofour
Afund can be established with asimple governing staffmemberswho areavailableto assessthe
documentthat requires lessthan an hourto effectivenessofagrant, research agiving option or
prepare.You can establish acharitablefund discussopportunitieswith you.
without having to cope withthe complexities of
setting upaspecial-purpose nonprofitcorporation. Legacy
An importantpartofourwork is building a
Personalized collection oflegacyendowmentfundsfor our
Wetake pride in ourabilityto personalize community. OurBoard ofDirectors ensuresthat
servicesto meetyourcharitable objectives. all funds will grow in perpetuityand will continue
You mayestablish afund thatsupportsyour to carryoutthe charitable objectives ofthe donors
favorite charitable organizations orprograms,the who established them. Ifthese objectives ever
community's greatestareas ofneed, orabroad become impossibleto carryout,the Board will
field ofinterest.You mayalso contributeto an redirectthefundsto supportaclosely related
existingfund ormake an unrestricted giftthat purpose.
ourBoard ofDirectorswill putto good use inthe
community on your behalf.
The Pittsylvania CountyAnimalShelterFundwasopenedin 2008bya
privatedonor. Duringthispastyear,The CommunityFoundation accepted
donationsthrough the Fundtosupportthe newPittsylvania County
AnimalShelteron Route29in Blairs. Donorscan continueto help build
an endowmentforlong-termsupportofthe Centerthrough gifts tothe
Pittsylvania CountyAnimalShelterFund.
The prudentand strategic investmentofassets Process & Governance
iscentralto ourresponsibilities. Ourcapacity The Foundation's portfolio is reviewed bythe
forservingthe community isdirectlytied to our Finance Committee andthe Foundation's
abilityto conserve capital and secure apositive independentinvestmentconsultanton an on
return.The end result guidesourabilityto going basis.The InvestmentCommittee and
enhancethe qualityoflife inthe communities we investmentconsultant review:
serve.
• StrategicInvestmentOpportunities
AssetAllocation & Philosophy • PortfolioAllocations
Making sound strategicdecisionsonthe structure • Fund ManagerAnalysis
ofaportfolio hasaprofound influenceon • InvestmentPerformance
investmentresultswhich iswhythe Foundation • ManagerSearches(as needed)
hasadiversified portfolio with along-termtime • MarketEnvironment
horizon.The portfolio isinvested in accordance • Capital MarketAssumptions
with acore principle ofsuccessful investing
which acknowledgesthatadiversified portfolio The InvestmentCommittee and ourinvestment
across differentassetclassesshould provide a consultant recognizethatwe mustavoid focusing
sustainable rate ofincomewhile minimizingthe on the shortterm which always plays outrandomly
volatilitythataffects all investmentsto varying and unpredictablyand instead lookforward over
degrees.The portfolioisperiodicallyrebalanced the longterm wherewe can achieve areasonable
totargetallocationsto maintain portfolio degreeofcertainty.Wewill continuetofocus on
equilibrium, increasevalue and supportdonor's asound investmentpolicyforthe benefitofour
spending overthe longterm. donorsand will continueto employ bestpractices
aswe overseethe Foundation's investments.
Donors can createtheir own named fund
fora minimum of$10,000 ($25,000 for
scholarships) ortheycan contribute in any
amountto an existing fund ofthe Foundation.
}l0N15TO~N(tIVIN(t
We inviteyoutojoin thethousands ofdonorswho
areworking throughThe Community Foundationto CONNECTWITHYOURCOMMUNITY!
build astrong futurefor ourcommunity. DonorAdvised Fundsallow donorsto
Perhapsyou have had alifelong commitmentto
recommend which charitable organizationsshould
aparticularcharitablefield and wish to support
receive grantsfrom theirfund and in whatamounts.
thatinterestin perpetuity.You may haveaspecific
Manydonorschooseto giveto multiple nonprofits
charityorcharities in mind to receive incomefrom
through adonor-advised fund. Ourboard of
yourfund - oryou maypreferan unrestricted gift,
directors is legally responsibleforapproving all
allowingthe Foundationto determine where needs
grants.
and opportunitiesare greatestinthecommunity.
You, and perhapsyourfamily, maychooseto be Scholarship Fundsallowourdonorsto invest
involved as advisorsto afund. inthefuture by helping deserving studentsin
ourcommunity.Asthedonor, you determine
The CommunityFoundation encourages potential
the criteria students mustmeetto receive your
donorsto also consultwiththeirattorneys,
scholarship.Yourgiftcan helpstudents- from
accountants andtaxadvisorsto learn more about
preschoolto postgraduate- achievetheir lifetime
charitable giving and establishing afund through
dreams.The Community Foundation provides
estate planning.
the expertiseto handle all ofthe application and
Unrestricted Funds givethe Foundation selection process.
maximumflexibilityto respond creativelyand
Agencyand Church Endowment Fundsallow
effectivelytothe community's mostcompelling
nonprofitorganizations(agencies) orhousesof
needsand opportunities.Thesefunds are among
worshipto create apermanentand predictable
the Foundation's mostimportantassets, capable of
source offunding dedicatedfortheirorganization
addressing community needsastheychange over
orothercharitable organizations.The agencycan
time.
addtothe fund aswell as individuals, organizations
and businesses.
Field ofInterest Fundsare restricted bythe
donoratthetime ofcreationto supportaparticular
area ofinterest, such as children,the elderly,the
arts, orthe environment, etc. Once established,
Field ofInterestfunds can growthrough giftsfrom
"I thoroughly enjoyed serving on the board
otherswho seethem asawayto addresstheirown
charitable interests. and as treasurer for the past six years. I
rememberworking with RobertDorron those
Designated Funds enable donors,atthetime
audits so many years ago and knew what a
funds are established,to nameone ormore specific
greatassetit was becoming to ourregion."
organizationsto benefitfrom thefund permanently.
The Foundation ensuresthatthe designated - BillWoods
recipients receive supportas long as
they remain in existence and continuetofulfill the
intended charitable purpose.
Our ruttd~
146TOTAL FUNDS (SEPTEMBER30,2018)
D.Webster, Jr. and Ahmed Children's Fund
UNRESTRICTEDFUNDS
Elizabeth S. Marshall ('03) -to meethumanitarian
Thesecan addressever-changing
Fund ('14) -to meetavariety needs.
communityneeds.Theflexibilityof
ofpublic, educational, and
yourunrestrictedgiftenablesThe
charitable needs. Animal Welfare Fund ('11)
CommunityFoundationto respond
-to supportanimal welfare in
tothearea'smostpressing needs
Doug Massey Fund ('17) Danville and Pittsylvania County.
fortodayandtomorrow.
-to meetavarietyofpublic,
Administrative/ educational, and charitable Autism Education Fund
Unrestricted ('96) -to help needs. ('12) -to supportautism
supportgeneral operating needs education-related programs
ofThe CommunityFoundation JamesA. and Anne V. ororganizations benefiting
andto provide unrestricted Robertson Fund ('96) individuals,families, educators
grantmaking support. to meetavarietyofpublic, and the community.
educational, and charitable
James Russell Anderson needs. Mary Cahill Historic
& Zora CarterAnderson Preservation Fund ('16)
Endowment Fund ('05) Barbara H. and HerbertW. -to support Danville projects
Sater Fund ('01) -to meet orprograms including historic
-to meetavarietyofpublic,
educational, and charitable avarietyofpublic, educational, preservation.
needs. and charitable needs.
Faye Carter Fund ('04) -to
Buck-Wayland Fund ('14) John C. Swanson,Jr. benefityouth inthe Danville area.
-to meetavarietyofpublic, Fund ('01) -to meetavariety
DomesticViolence Shelter
educational, and charitable ofpublic, educational, and
needs charitable needs. Fund ('11) -to support
domesticviolence victims inthe
Community Impact Fund FIELDOF Dan River Region.
('16) -to meetavariety INTERESTFUNDS
ofpublic, educational, and Field ofinterestfundscan address
charitable needs needsin an importantarea of
communitylife-artsand culture,
Faith Home Endowment education,senioradults,youth,
Fund ('98) -to meetavariety humanitarian needs oraspecific The Fund for Halifax
town,cityorcounty.
ofpublic, educational, and
County ('10) -to improveand
charitable needs
enrich lives in HalifaxCounty.
W. Earl &Elise M. G.
Clarence Giles Fund ('01 ) Allen Fund ('98) -to benefit JackW. Hall Memorial
-to meetavarietyofpublic, the people ofChatham and
educational, and charitable Pittsylvania County. Fund ('18) -to benefitpersons
needs. suffering from chronic kidneyand
renal diseasesand disorders.
Agency Emergency Fund
Harry Melton Hood Fund
('16) -to offeremergency
('98) -to meetavariety assistance on aone-time basis Wayles R. Harrison
ofpublic, educational, and to Danville/Pittsylvania County/ Memorial Fund ('14) -to
charitable needs. Caswell County/HalifaxCounty assist needy Danville-Pittsylvania
nonprofitagencieswhich have County cancer patients
Elizabeth (Betty) W. priorgrantexperiencewithThe with financial assistancefor
Jefferson Fund ('12) CommunityFoundation. prescriptions, medical supplies,
and otherexpenses notcovered
to meetavarietyofpublic,
byinsurance.
educational, and charitable
needs.
Our rund~
Hart Street Fund r18) - MorotockArts &Cultural Robert R. Blackwell and
to aidfoster children in the Fund r98) -to promotethe Lick Fork Primitive Baptist
transition astheyage outofthe arts and culture. Church of Rockingham
system.
County Fund ('16) -to
Mary Neil Literacy Fund
provide supporttothe church
Bobby Hawker Memorial
('14) -to supportadultand for maintenanceofits historic
Fund ('06) -to enrichthe childhood literacy. cemetery.
livesofindividualsand families
affected by HIVand AIDS. RiverBank Fund ('14) -to Board Endowment Fund
Hospice SupportServices protectand revitalizethe Dan ('10) -to helpsupportthe work
River.
ofThe Community Foundation.
Fund ('12) -to provide
assistance with expenses not Claudia Vernon Smith
James L. Clarkand
covered by insurance Fund r03) -to supportthe Henrietta G. Clark Fund
to Danville-Pittsylvania County
education ofyouth in Caswell
residents who haveelected ('09) -to benefitMoffett
County.
hospice benefits. Memorial BaptistChurch and
Danville Life Saving and Rescue
South Boston Medical
Kang-A-Rhue Children's Squad.
Fund ('11)-to support
Cancer Fund ('04) -to help
children with chronic and life indigentcare and other Davis Family Fund ('08) -to
charitable causes in Halifax
threatening diseases. supportMountVernon United
County.
MethodistChurch, Bassett
Keokee Fund ('02) - Memorial United Methodist
Stratford House Fund
Church,AverettUniversity,
to provide educationfor
('18) -to supportactivities and Longwood University, Danville
academicallygifted students.
programming forseniorcitizens CancerAssociation, Free Clinic
in Danville, Pittsylvania and ofDanville, and Martinsville
Caswell Counties. Oakwood Cemetery Fund.
Veterinary Emergency Eugene Evans Library Fund
Treatment (V.E.T.) Fund ('10) -to benefitThe Danville
('11) -to workwith veterinarians Public Library.
Gideon Miller Cancer Fund in the Dan River Region to make
financial assistance available Nancy Flippen Fund ('16)
('11) -to meetthe needsofarea
to give companion animals -to benefitthe Boys &Girls
cancer patients and theirfamilies.
achanceto remain family Clubs ofthe DanvilleArea for
members. educational purposes andthe
DanvilleConcertAssociation for
DESIGNATEDFUNDS general purposes.
Designatedfundssupportnonprof
George and Helen K.
itorganizations named bydonors.
Gantsoudes Family Fund
Grantsare madeannuallytothe
named organizationstosupport ('08) -to benefitSt. Peter's
theirwork. GreekOrthodoxChurch and
DanvilleCancerAssociation.
Laurie S. Moran Rotary
Mr. and Mrs. P.L.Anderson,
Service Fund r17) -to Jr. Family Fund ('04) -to Garden Club of Danville
provide grantsthatwill support furtherthe charitable purposes Fund ('OO) -tofurtherthe
one ofRotary's sixfocus areas of
ofdesignated area charitable charitable purposes ofthe
service.
organizations. Garden Club ofDanville.
Our ruttd~
Juanita G. "Nita" Grant Alma Courtney "Sigie" Yanceyville Methodist
Fund ('12) -to supportAverett Perkinson Rose Fund ('05) Church Cemetery Fund
University Libraryand First -to create and maintainthe rose ('16) -to help maintainthe
BaptistChurch. garden atthe Danville Museum formerYanceyville United
ofFineArts and History. MethodistChurch cemetery
Peter and JoAnn Howard which is nowtheTown of
L/DorVIDor Fund ('12) -to Pittsylvania CountyAnimal Yanceyville Municipal Cemetery.
supportTemple Beth Sholom. Shelter Fund ('08) -to
make grantsforthe benefitof AGENCYENDOWMENT
Sam and Margaret Kushner the Pittsylvania CountyAnimal FUNDS
Fund ('16) -to supportTemple Shelter. Agencyendowmentfundsallow
Beth Sholom. nonprofitorganizations(agen
Rippe Fund forTemple cies)tocreateapermanentand
Marshall Family Fund Beth Sholom ('15) -to predictablesourceoffunding
(/10) -tofurtherthe charitable supportTemple Beth Sholom in dedicatedfortheirorganization.
Danville, aswell as otherpublic, Theagencycan addtothefund as
purposes ofdesignated area
educational,and charitable well asindividuals,organizations
charitable organizations.
needs. and businesses.
Main Street United
Virginia Elizabeth "Betsy"
Methodist Church Fund
Robertson Fund C11 )-to
('07) -to provide grantsto local
furtherthe charitable purposes of
charitable organizationswith a
The Community Foundation.
Christian religious affiliation. BOYS& GIRLSCWBS
OFTHEDANVILLEAREA
Cora TaylorYounger Smith
Mt. Hermon BaptistChurch
Memorial Fund ('11) -to Boys & Girls Clubs
Youth Mission Fund ('07)
supportBerea College, United Endowment Fund ('13)
-to supportMt. Hermon Baptist
Negro College Fund, and -to supportthe charitable or
Church youth members on
American Indian College Fund. educational purposes ofthe Boys
missiontrips.
& GirlsClubs ofDanvilleArea.
Tony and Steve Smith
Blanch BaptistChurch Caswell Family Medical
Cemetery Fund ('17) -to Center Endowment Fund
supportthe Blanch Baptist ('18) -tosupportthe charitable
Church Cemetery. workofCaswell Family Medical
Center.
Eileen and Joseph Stendig
Family Fund ('99) -to Danville Symphony
supportTemple Beth Sholom. Orchestra Endowment
Wayne and NancyOakes
Fund C16) -to supportAverett Fund ('14) -to helpsupport
Benjamin M. Sugg Fund
the workofthe Danville
University, DanvilleCommunity
('00) -to supporttheTown of SymphonyOrchestra.
College, Danville Concert
Clovercemetery perpetual care
Association and River District
Association. fund. Riverview Rotary
Endowment Fund ('18) - to
B.C. and Annie Lee Owen Veterans Memorial supportthe charitable workof
Fund ('13) -tofurther Endowment Fund ('10) -to Riverview RotaryClub.
the charitable purposes of enablethe continued operational
designated area charitable stability ofthe Danville
organizations. Pittsylvania Veterans Memorial.