Lexington, VA (Nov. 18, 2015) - The Community Foundation for Rockbridge, Bath and Alleghany hosted its annual reception at Kendal of Lexington on November 16th at 6 p.m. One hundred forty-seven guests were in attendance for the event, including foundation donors, grant recipients, local governments representatives and past and present board members.
In her opening remarks Lori Keckler, Executive Director explained “Tonight we are celebrating philanthropy – your philanthropy individually and our foundation’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 future…forever”
The Community Foundation for Rockbridge, Bath and Alleghany has quickly grown have to more than 3.8 million dollars in assets in a few short years. The Foundation was able to distribute more than $168,000 to area not-for-profit organizations during this fiscal year.
Guest Speaker and Donor Advisor David VanOsten spoke on behalf of CFRBA. “The Community Foundation for Rockbridge, Bath and Alleghany works to identify and address critical needs for the betterment of our communities, our friends and our neighbors.”
The reception honored the late Margaret “Maggie” Thomas, who lost her life in November of 2014. Maggie’s parents, Carlson & Patty Thomas, made a decision to open the Margaret “Maggie” Thomas Fund from her estate with the Community Foundation for Rockbridge, Bath & Alleghany. The Thomases strive to help others understand the suffering that Maggie and her family endured in order to promote funding for Juvenile Diabetes Research.
Attendees also heard from Dr. Robert Glidden, vice chair of the CFRBA Board, who spoke on the mission of the foundation. He pointed out that the Community Foundation’s sole purpose is to enhance the quality of life in our three counties by providing the administrative framework through which individuals, families, and not-for-profit organizations can establish endowments that will serve community needs in perpetuity.
Agencies who received grants from CFRBA included: American Cancer Society, American Heart Association , Blue Ridge Autism and Achievement Center, Boy Scouts of America, Boys Home of Covington, Boxerwood Education Foundation , Brownsburg Community Association, Buena Vista Arts Council, Care-Box Project of Rockbridge, Christmas Baskets, Coffeehouse of Rockbridge Inc., Concerned Citizens of Glasgow, FAIR Fine Arts of Rockbridge, Garth Newel Music Center, Girl Scouts of America , Glasgow Natural Bridge Food Pantry , Hoofbeats Therapeutic Riding Center, Hull’s Drive In (Hull’s Angels), Juvenile Diabetes Research Foundation , Kerr’s Creek Fire Department, Lexington City Schools, , Meals for Shut-Ins, Meals on Wheels, Millboro Ruritan Club, New Monmouth Church, Project Horizon , RE Lee Church, Rockbridge Area Habitat for Humanity, Rockbridge Area Health Center, Rockbridge Area Hospice, Rockbridge Area Occupational Center, Rockbridge Area Relief Association , Rockbridge Area Recreational Association, Rockbridge Area Retreat Project , Rockbridge Area SPCA , Rockbridge Area Transportation System, Rockbridge Area YMCA, Rockbridge Family Services , Rockbridge Regional Library Youth Literacy Program, Rockbridge Retreat Program , Roots and Shoots Intergenerational School Garden, Shenandoah Ballet, Buena Vista, St. John’s Episcopal Church, Glasgow, St. Luke’s Episcopal Outreach Fund, The Community Table, The Salvation Army , The United Way of Rockbridge , Virginia Horse Center and Yellow Brick Road Learning Center
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.
CFRBA Board Chair Dan Vance concluded the evening’s activities by thanking all CFRBA donors who make the Foundation’s work possible through their philanthropy, and by recognizing and thanking all of the organizational representatives present for their good work in the community.
More information on the CFRBA can be found at the Foundation’s website (cfrba.org) or by calling the office at 540-463-0943 and speaking with Executive Director Lori Turner (lori.keckler@cfrba.org). |  | Board Member Barbara Luton presents grant check to The Brownsburg Community Association
|
|
