MARTINSVILLE AREA COMMUNITY FOUNDATION

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MARTINSVILLE AREA COMMUNITY FOUNDATION

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What is a Community Foundation?

1914-Cleveland

Over 700 in U.S.

$44.8 billion in assets

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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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TYPES OF ENDOWMENT FUNDS Unrestricted Fund

Meeting ever-changing needs Field of Interest Fund

Addressing needs in an important area of community life

Designated FundDirecting gifts to specific agencies or purposes

Donor Advised FundInvolving donors in the use of their gift

Grantee Endowment Fund Enabling nonprofit organizations to establish endowmentsScholarship Fund Helping young men and women pursue educational opportunitiesMemorial 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