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MARTINSVILLE AREA COMMUNITY FOUNDATION

MARTINSVILLE AREA COMMUNITY FOUNDATION. What is a Community Foundation?. 1914-Cleveland Over 700 in U.S. $44.8 billion in assets. Martinsville Area Community Foundation-Established in 2005 Assets of over $11 million in 18 different endowment funds

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MARTINSVILLE AREA COMMUNITY FOUNDATION

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  1. MARTINSVILLE AREA COMMUNITY FOUNDATION

  2. What is a Community Foundation? 1914-Cleveland Over 700 in U.S. $44.8 billion in assets

  3. 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)

  4. TYPES OF ENDOWMENT FUNDS • Unrestricted Fund Meeting ever-changing needs • Field of Interest Fund Addressing needs in an important area of community life • Designated Fund Directing gifts to specific agencies or purposes • Donor Advised Fund Involving donors in the use of their gift

  5. Grantee Endowment Fund • Enabling nonprofit organizations to • establish endowments • Scholarship Fund • Helping young men and women • pursue educational opportunities • Memorial 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

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