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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)
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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