|CFRBA Seeks to Award Grants|
Lexington, VA (July 27, 2020) - The Community Foundation for Rockbridge, Alleghany and Bath is seeking to award in grants to the community from their Unrestricted Fund. The typical range for a successful grant application is $500-$2500. The total pool of unrestricted money available is typically less than $20,000 per grant year. Applicants should show innovative and practical solutions to community problems, especially those not currently addressed by another organization. Applications are due by August 1st, 2020 and can be completed online at www.cfrba.org/grants/grant-application/.
Exemplary applications will show a well-planned approach, base of support, efficient use of resources, involvement of underserved constituencies, as well as coordination with other nonprofit organizations. Organizations should demonstrate sustainability and provide identifiable outcomes of the proposed project or program. CFRBA grants are usually awarded for the accomplishment of a definite purpose within a specified time period- normally no more than one year. All applicants should be a qualified 501c3, Not -For Profit Organization.
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.
Requests for further information can be made to:‚Ä®‚Ä®Community Foundation for Rockbridge, Bath and Alleghany
Lori Turner, Executive Director
PO Box 20
Lexington, VA 24450