For individuals and families who choose to practice their philanthropy through a private foundation, The Community Foundation of Harrisonburg & Rockingham County can be a valuable partner. With extensive grant-making experience and local community knowledge, TCFHR is uniquely equipped to provide a variety of services for local private foundations.

We offer three options:

Option 1: Converting a Private Foundation to a Named Fund

Rollover your private foundation into a named advised fund and let our staff help you achieve your charitable goals. Your new fund can maintain the same name and continue your giving without the burdensome administrative costs, IRS requirements, compliance regulations and excise tax payments associated with a private foundation.

Option 2: Donate the 5% Payout to an Advised Fund or to The Community Endowment

As a public charity, The Community Foundation of Harrisonburg & Rockingham County can accept a “qualifying distribution” from your private foundation to help fulfill your annual payout requirement. The 5% payout can be placed in an advised fund and distributed or placed in the Community Endowment for the overall betterment of Harrisonburg and Rockingham County.

Option 3: Research and Information

Be sure to take advantage of the Community Needs process to learn about the needs of local nonprofit organizations. The Community Foundation of Harrisonburg & Rockingham County can also share with you more detailed information on Community Needs or research other nonprofit organizations in or outside our local area.

When is the right time to make a change?

Each expression of philanthropy is unique. It begins for different reasons, and for different reasons it changes over time. Let us know how we can help you preserve the goals of your private foundation.

Have questions for The Community Foundation?

Latest News

Alvin Baird Grant Opportunity for HR Nonprofits Serving Unmet Healthcare Needs

The Alvin V. Baird, Jr. Program Endowment Fund was established…

ENL Offers Strategic Planning Workshops for Nonprofits

When Part 1: Wednesday, October 20th, 2021…

Giving Back Guide – Grant Opportunity for HR Nonprofits

The Community Foundation partners with the Daily News-Record…

Little Swiss Fund Grant Opportunity for Highland County Nonprofits

The 2021 Little Swiss Fund grant application is now available!   In…

Hildred Neff Memorial Fund – Grant Application Now Closed

The 2021 Hildred Neff Memorial Fund grant application is now…

Now Accepting Applications for former HR Free Clinic building

­­­­­­­­­The Community Foundation of Harrisonburg &…

2021 Community Foundation Scholarship Awards Announced

The Community Foundation of Harrisonburg and Rockingham County…

Great Community Give 2021 Summary Report is published

https://www.tcfhr.org/nonprofit-organizations/nonprofit-orga…