Endowment funds create a lasting gift.
What is an endowment fund? An endowment is a philanthropic tool that is sustainable. When you create a charitable fund through The Community Foundation of Harrisonburg & Rockingham County, you have the opportunity to benefit the community forever with a permanent endowment fund. Your gift is invested over time and remains here forever. Earnings from your fund are used to make grants addressing community needs or your designated charitable interest. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping do good work today, tomorrow and forever. Over several decades, an endowed fund’s principal can more than double… while supplying grants every year.
If you wish to leave a gift that costs nothing during your lifetime, you can include The Community Foundation of Harrisonburg & Rockingham County in your will or estate plan, ensuring that your charitable vision endures forever and that your name, and family legacy of giving, also continues. Endowment funds established by individuals in our Legacy Society are highlighted in perpetuity. See Giving Options for more information.
Endowment funds provide legacy and stability.
Donors who endow their gifts can make a difference in their community during their lifetime, and for the future of the community. Grants will continue to be made in the name of the fund you establish so that your charitable wishes are preserved.
Leaders of a nonprofit may also look to The Community Foundation of Harrisonburg & Rockingham County to hold their organization’s endowment funds because they know that having a constant source of funding helps them respond to emergency needs, as well as plan for the future, and sustain the good work they do for the community. Adding those assets to The Community Foundation of Harrisonburg & Rockingham County assets allows for greater diversification and lower custodial fees for nonprofit organizations.
Trust the security of your endowment funds with TCFHR.
Donors trust The Community Foundation of Harrisonburg & Rockingham County to follow their wishes now and after death. We conduct an annual audit, and we are fortunate to have an expert Board of Directors and Audit Committee. We are also recognized by the Community Foundations National Standards Board for accreditation and full compliance with National Standards for U.S. Community Foundations, meeting rigorous standards for transparent, efficient and ethical organizational and financial practices. You can rest knowing your endowment fund is being properly administered.
The Community Foundation of Harrisonburg & Rockingham County provides expert help. When donors or nonprofit organizations work through The Community Foundation of Harrisonburg & Rockingham County to achieve their charitable goals, they benefit from the experience of our staff, the wisdom of community leadership and sound investment management. Your endowed funds are in good hands.