|Community Foundation for Rockbridge, Bath and Alleghany Hosts Annual Reception|
Lexington, VA â€“ The Community Foundation for Rockbridge, Bath and Alleghany hosted its annual reception at Kendal of Lexington on November 13th at 6pm. One hundred thirty two guests were in attendance for the event including foundation donors, grant recipients, local government and past/present board members.
In her opening speech Lori Keckler, Executive Director explained â€śTonight we are celebrating philanthropy â€“ your philanthropy individually and our foundationâ€™s philanthropy collectively. Through your generosity we can improve the quality of lives of Rockbridge, Bath and Alleghany Counties not only today, but far into the futureâ€¦foreverâ€ť
The Community Foundation for Rockbridge, Bath and Alleghany has quickly grown to over 4 million dollars in three short years. They were able to distribute over $152,000 to area not for profit organizations during this event.
Agencies who received grants that evening included: St. Johnâ€™s Episcopal Church, Glasgow, Town Creek United Methodist Church, Rockbridge Area Habitat, Rockbridge Area Hospice, Clifton Forge School of the Arts, Glasgow/Natural Bridge Food Pantry, Virginia Horse Center, Shenandoah Academy of Dance, Hullâ€™s Drive In (Hullâ€™s Angels), Hoofbeats Therapeutic Riding Center, Rockbridge Care-Box Project, Meals on Wheels, Millboro Ruritan Club Rockbridge Area Special Olympics, Rockbridge Area Occupational Center, Boysâ€™ Home of Covington, Concerned Citizens of Glasgow, Rockbridge Retreat Project, Campus Kitchen, Rockbridge Area Health Center, United Way of Rockbridge, Robert E Lee Church, Rockbridge Symphony, Rockbridge Area YMCA, Rockbridge Regional Library, Rockbridge Care-Box Project, Blue Ridge Autism & Achievement Center, Rockbridge Family Services, Hillsdale College, Rockbridge Area Transportation System, Rockbridge Area Hospice, Rockbridge Area Relief Association, St. Lukeâ€™s Episcopal Outreach Program, Project Horizon, SPCA, Boxerwood Education Foundation, Young Life of Rockbridge, Rockbridge Regional Library, CASA for Children, and Valley Program for Aging Services.
CFRBA offers several types of funds including:
Pass Through: At your convenience you may recommend grants into the future to qualified not-for-profits, using both income and principal.
Endowment Funds: The principal is left intact and are allowed to grow while the earnings from the fund (normally 4% of the value of the fund) are used for your designated grants. This means that the Community Foundation for Rockbridge, Bath and Alleghany will invest fund assets to ensure its perpetuity. In addition to Donor-Advised Funds we offer:
Designated Endowed Funds: There are endowed funds in which you designate the agency you wish to receive your support.
Field of Interest Endowed Funds: These are endowed funds which you designate the general area of interest (health care, arts, education and etc.) you wish to receive your support.
Unrestricted Endowed Funds: These are endowed funds, which can be used for the greatest need in the community.
Upon reviewing qualified grant requests you and/or your advisors may recommend or have the grants committee recommend which agency will receive your financial support.
Not-For-Profit organizations may set up endowments with the foundation to benefit their own organization in perpetuity.
More information on the CFRBA can be found at their website (http://cfrba.org) or by calling their office at 540-463-0943 and speaking with Lori Keckler email@example.com.