2018 Financial Review

On February 27, The Community Foundation hosted its annual Financial Review for fund holders and local financial professionals. The evening event was hosted at Explore More Discovery Museum and included presentations by Asa W. Graves, VII of Graves-Light Wealth Management of Wells Fargo Advisors and featured speaker, Raymond E. Owens, III, research advisor and senior economist with the Federal Reserve Bank of Richmond.

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Shenandoah Valley Economic Education Endowment

Shenandoah Valley Economic Education, Inc. is a nonprofit organization with a mission of promoting economic literacy in the Shenandoah Valley. SVEE provides the resources to teach students K-12 how the elements of free enterprise and the American economic system function.

Shenandoah Valley Economic Education, Inc. is a nonprofit organization with a mission of promoting economic literacy in the Shenandoah Valley. SVEE provides the resources to teach students K-12 how the elements of free enterprise and the American economic system function.


SVEE’s business supporters work in partnership with area schools to broaden the knowledge of economics. By funding a teacher consultant to work with local teachers, SVEE provides the driving force for training teachers and assisting with the classroom experience.


In a typical year, SVEE-supported programs reach 800 teachers with information and materials, 100 teachers with training in workshops, and 20 teachers for intensive training in economic education. Using figures supplied by the Virginia Council on Economic Education, this translates into classroom benefits for more than 32,000 students in the Shenandoah Valley.

The SVEE-funded Mini-Economy program helps students learn about entrepreneurship by starting their own businesses in a classroom society.


SVEE-funded professional development opportunities include workshops that help teachers learn the latest simulation games for teaching about the economy.


















The SVEE-funded teacher consultant works year-round to help promote economic literacy. Services are provided through the teacher outreach program of the James Madison University Center for Economic Education.


Peter Yates of Harrisonburg currently serves SVEE as Chairman of the Board. SVEE is governed by a board representing local business and community interests.


SVEE-sponsored programs have achieved a high degree of effectiveness and national recognition, consecutively winning the top national awards in research (William C. Wood, 2016) and service (Lynne F. Stover, 2017) given by the National Association of Economic Educators.

This SVEE-sponsored project recruited local high school students to help produce state-of-the-art instructional materials for online teaching.




In 2005, a permanent fund was established at The Community Foundation of Harrisonburg & Rockingham County to provide on-going support for Shenandoah Valley Economic Education, Inc.  If you are interested in supporting local economic education, please consider a gift to the Shenandoah Valley Economic Education Endowment.

Virginia Education Improvement Scholarship Tax Credit Program

The Virginia Education Improvement Scholarship Tax Credit program can offer support for thousands of low and middle-income families in Virginia.  The program offers opportunity for Virginia families to send their children to a school of their choice using private scholarships from scholarship foundations. The Community Foundation of Harrisonburg & Rockingham County is an approved VDOE Scholarship Foundation.


The Education Improvement Scholarships Tax Credit program offers a 65 percent state tax credit on top of current state and federal tax deductions for monetary and marketable securities donations to approved scholarship foundations that, in turn, provide private school scholarships to poor and working class students.


The minimum donation is $500 per year. The maximum donation for individuals is $125,000. There is no limit for business donations.


For the year of the donation, donors may take a credit against Virginia taxes equal to 65 percent of the donation, as well as a deduction against their net income as a charitable donation on both their federal and state income taxes.


The preauthorization application process for VDOE state tax credits is easy and The Community Foundation can help. Learn more about the program and how you can support local K-12 education and earn a 65% state tax credit in the process.


Contact Ann at The Community Foundation at ann@tcfhr.org or 540-432-3863.

Great Community Give Is On Its Way!

The Great Community Give is on its way! This event is the first online, community-wide giving day event for Harrisonburg and Rockingham County. Community members will have the opportunity to support their favorite nonprofit organizations that serve our area every day on April 18, 2018 from 6:30 am to 8 pm. Throughout the day we will also draw the names of lucky donors who could help their nonprofit organization for additional prize money. If you are a business and would like more information on sponsorship opportunities for this event, please email Susanne Myers at srfmyers@gmail.com. Whether you are a donor, board member, sponsor, or nonprofit, make sure to Point, Click, GIVE on April 18th!



If you have any questions regarding Great Community Give, please direct them to our graduate assistant, Amanda Bomfim, at engage@tcfhr.org.


SOS Foundation Awards First Scholarship Grants

It was a special night to remember and rejoice when SOS Foundation President Yancey Ford presented our charity’s first scholarship grants to three very deserving and appreciative young students during the annual SOS Dinner at the Innisbrook Golf Resort.


The SOS Foundation was created earlier this year as a certified 501-(c)(3) charity charged with the sole purpose of providing college scholarship assistance to the academically-qualified children of staff personnel working at clubs that host SOS competitions. To date, the SOS members have contributed $35,000 to the Foundation.


Two of the 2017 recipients of the $2,500 scholarships are long-time good friends McKenna Chefero and Hannah Murphy, both of whom are now sophomores at the University of South Florida.  The third recipient is Madison Duncan-Diejuste, who attends Palm Beach State College.


Ms. Chefero’s father, Paul, works in Banquet Management at the Innisbrook Resort. Ms. Murphy’s  mother, Nancy, is a senior sales manager at Innisbrook. Ms. Duncan-Diejuste’s mother, Kristina, shares duties in the Quail Ridge CC golf shop and locker room.


Yancey Ford proudly introduced the three scholarship recipients to the broad and highly-enthusiastic SOS Membership in attendance at the Dinner, and all three young ladies eloquently thanked Yancey and the SOS Foundation for its commitment to education.


McKenna Chefero is majoring in Entrepreneurship at South Florida; she is focusing on business management with a minor in Leadership Studies. “Someday I hope to own my own non-profit,” she says. In high school, McKenna played on the varsity golf team as a senior and she dabbles in golf with a Club Team at South Florida. “I really appreciate what the Society of Seniors Foundation has done for me,” she says. “This scholarship means a whole lot to me and to my family.”


Hannah Murphy is majoring in Criminology and aspires to attend Law School and become a Defense Attorney. “When I was in high school I used to babysit for Jessica Lowe, National Golf Sales Manager,” Hannah says. “She told my mother all about the SOS Foundation Scholarship. We filled out all the paperwork and I did the interview with the Society of Seniors Scholarship Committee on Skype. It was a great day when I received the call telling me that I’d be getting the $2,500 scholarship.”


Madison Duncan-Diejuste attends Palm Beach State College and aspires to earn a bachelor’s degree in Elementary Education. “My mother is a single parent of four children,” she says, “and I am the third to attend college. The SOS Foundation Scholarship is a big help for me and for my family. I cannot thank the SOS enough for its gracious generosity.”


The SOS Foundation thanks those SOS members who have already donated to the Foundation. In announcing the formation and the purpose of the Foundation, the charity’s Board suggested that SOS members donate an annual minimum of $100 to the Foundation over a three-year period so that the Foundation could become self-sustaining by the year 2020.


At this time a number of SOS members have made long-term commitments to the Foundation through annual giving, transfers of stock and plans to include the Foundation in their wills. Indeed, some TK SOS members made an initial gift to the Foundation of $1000 or more.


Before the New Year, the SOS Foundation will once again reach out to the SOS membership with information as to how members can make a gift to the Foundation. Thanks in no small part to the very gracious and touching remarks from McKenna, Hannah and Madison at the Annual Dinner, the Foundation knows it is on the right track.


Society of Seniors

1570 West First Ave.

Columbus, OH 43212



Important 2017 Dates & Deadlines

Important Year – End Deadlines

  • Wednesday, December 27 – Gifts of Stock & Mutual Funds must be received in The Community Foundation brokerage account before the end of the year.  In order to ensure receipt, please plan to have your gifts of stock and mutual funds to us by 2:00PM on the 27th.   A guarantee for processing in 2017 will depend on the type of security and its deliverability. Please call for more information.
  • Friday, December 29– Gifts hand delivered to The Community Foundation must be received in our offices by 5:00 pm.
  • Saturday, December 30 – Gifts mailed to The Community Foundation must be postmarked no later than this date for the donor to receive a 2017 IRS tax receipt.

Friendship Industries Endowment Fund


Friendship Industries is a business with a social mission to develop and maintain employment and training opportunities for persons with disabilities in integrated work environments. Our employees work on commercial contracts with the Department of Defense, major retailers, and international companies; providing the packaging experience our customers expect. We also have job coaches supporting employees at other area businesses. In our efforts to positively impact employment for persons with disabilities, we look to community donors to assist with supporting our employment services. Currently we are focusing on two areas (1) employment scholarships (2) helping improve employee environments through our warehouse expansion.


In 2007, the Board of Friendship Industries, Inc. established the Friendship Industries Endowment Fund, a permanently endowed fund, with The Community Foundation of Harrisonburg & Rockingham County. The purpose of this fund is to support the ongoing operational costs of the organization.  As you consider your year-end giving this holiday season, please consider making a gift to the Friendship Industries Endowment Fund and positively impact the individuals served by this local nonprofit organization.

Ribbon Cutting & Open House

Chamber invitation


The offices of The Community Foundation will be closed Monday, October 9 – Friday, October 13, while we move to our new home in the Center for Community Philanthropy at 317 S. Main Street, Harrisonburg.

A few things to note:

  • We are experiencing difficulties with our phones and are in the process of transitioning to a new system. Please do not try to leave a voicemail message for the staff. If you do not get an answer when you call our office, you may either call back at another time, or email us at info@tcfhr.org. If you cannot reach us and have a situation of an urgent nature and need to speak with our staff immediately, please call 540-820-1009. 

  • We will be moving not only our offices, but preparing the new location for five additional nonprofit organizations to join us. We appreciate your understanding as we seek to make this significant transition a smooth one. 

  • We have remaining office space available for 1 – 2 nonprofit organizations. Please share this opportunity with nonprofit organizations seeking office space in downtown Harrisonburg.

  • Individuals who hold funds with The Community Foundation will be invited to a special dedication event. We are grateful for your patience with the need to keep the office closed for the week of October 9 – 13.


We are extremely excited to make our new home in the Center for Community Philanthropy and hope you can join us for the ribbon cutting on Tuesday, November 28!