My Hometown Fund, pg.9 Drive-Thru Scholarship Ceremony, pg.16 Roanoke Valley Gives, pg.26 COMMUNITY NEWS CREATING LEGACIES. GROWING COMMUNITIES. GOOD NEWS! ANNUAL REPORT 2020 Formerly Foundation for Roanoke Valley and Martinsville Area Community Foundation. YOUR COMMUNITY FOUNDATION TEAM Alan E. Ronk Carly C. Oliver April M. Haynes Beth Kelley President/CEO Chief Operating Officer Regional Vice President, Director, Finance & Martinsville Regional Office Investments Michelle M. Eberly Kaitlyn H. Van Buskirk Kara J. Gilley Kathy E. Mattox Director, Grants & Grants Associate Program Associate, Administrative Assistant Donor Engagement Martinsville Regional Office Report of Activities for the Fiscal Year Ended June 30, 2020 ROANOKE MARTINSVILLE CORPORATE OFFICE REGIONAL OFFICE Mailing Address: Mailing Address: P.O. Box 1159 | Roanoke, VA 24006 P.O. Box 1124 | Martinsville, VA 24114 Location: Location: 611 S. Jefferson Street, Suite 8 | Second Floor 300 Franklin Street | Suite 230 Roanoke, VA 24011 Martinsville, VA 24112 Phone: 540.985.0204 | Fax: 540.982.8175 Phone: 276.656.6223 | Fax: 276.632.3614 GEOGRAPHIC SERVICE AREA We are honored to work with individuals and families on their charitable estate plans throughout much of western and southwestern Virginia. Community Foundation Serving Western Virginia is registered with The Virginia Office of Consumer Affairs, is a member of both Roanoke Regional Chamber of Commerce and Martinsville-Henry County Chamber of Commerce, and is a member of Southeastern Council of Foundations.. PRESIDENT’S LETTER “There’s a silver lining.” “There’s a light at the end of the tunnel.” “Rainbows follow a bad storm.” While our lexicon has always been replete with such phrases of optimism and hope amidst trying circumstances, lately it seems our conversations have instead been filled with a slew of gloomy adjectives. I, quite frankly, hope I never have to hear those descriptors again (think “unprecedented”, et al.), and you won’t see those words reflected here. Why? It’s not because we are being the proverbial ostrich with our head in the sand (which by the way is a myth), simply ignoring the world around us. It’s because your community foundation is, and always has been, a refuge — an oasis if you will — of positive actions and results. We are blessed to be able to spend our time, talent and resources on finding ways to make all of the communities we serve more vibrant and successful, to truly change lives for the better, to offer opportunities where none existed before, and to make long-held dreams and aspirations come true. Perhaps, most importantly, we are honored and privileged to perpetuate over the generations the amazing and wonderful generosity of our many donors. Yes, you are the fountainhead for everything the community foundation accomplishes, as reflected in this annual report. You are our Good News, and we are deeply grateful for that! All the very best, Alan E. Ronk President and CEO CONTENTS: About Us ............................................................................................4 Women in Philanthropy ....................................................................25 Who We Serve ...................................................................................4 Roanoke Valley Gives .......................................................................26 What We Do .......................................................................................5 Grants ................................................................................................27 Community Foundation Leadership ....................................................6 Disaster Relief Program ..............................................................30 Unrestricted Funds .............................................................................8 Takeout Hunger ...........................................................................32 Field-of-Interest Funds ........................................................................9 Public Support Scholarship Funds ............................................................................. 11 Founding Donors .........................................................................34 Designated Funds .............................................................................17 The Society of Founders .............................................................34 Advised Funds ...................................................................................19 Legacy Society Members ...........................................................35 H. Clay Gravely IV Memorial Fund ..............................................19 Friends of the Foundation ...........................................................36 My Hometown Fund ...................................................................21 Donors .........................................................................................37 Grantee Endowment Funds ..............................................................23 Financial Snapshot ............................................................................43 Roanoke Women’s Foundation .........................................................24 ANNUAL REPORT 2020 | 3 ABOUT US Community Foundation Serving Western Virginia has been providing customized services to donors for decades, connecting their generosity with a broad spectrum CREATING of important needs and opportunities within our communities. We exist to help people, with or without great wealth, give in ways that have joy and meaning for LEGACIES. them. When you come to the Community Foundation with a dream, we offer a GROWING variety of flexible charitable solutions to make it come to life and go on forever. Comprised of more than 350 permanent endowment funds (and growing), the COMMUNITIES. Community Foundation has awarded more than $52 million in grants to community institutions since our beginning. Each of these grants helps make our nonprofits stronger, touches the lives of many people in very real ways and brings about transformative change that makes our region an even better place to live for all. Service Area WHO WE SERVE We are privileged to work with individuals, families, corporations, private foundations, nonprofits and others who reside in, or are located in, much of western and southwestern Virginia. Please see the map for additional specifics. With respect to grant making, we can award grants anywhere in the country as recommended by donor advisors. 4 | COMMUNITY FOUNDATION SERVING WESTERN VIRGINIA WHAT WE DO GIVING TYPES OF FUNDS Our mission is to enable people who love their community to easily Community Foundation Serving Western Virginia is comprised of give back. We always want to help folks feel good about their many different funds dedicated to purposes our donors define. Here charitable giving. Whether their passion is arts and culture, the are the primary options: environment or helping students reach their educational goals, they have a professional partner and steward in the Community UNRESTRICTED FUNDS provide the greatest flexibility, allowing Foundation standing ready to help put that passion into action. the Community Foundation to respond to the community’s pressing needs through changing time and circumstances. It is simple and easy to establish a Fund with the Community Foundation, whether you want to create an endowment for a FIELD-OF-INTEREST FUNDS allow donors to pinpoint support favorite nonprofit or provide unrestricted support to meet the needs to broad areas of concern, such as education, the arts, the of the community. A Fund is created with a minimum contribution environment, youth services or geographic areas they choose. of $10,000 ($50,000 for scholarships and $25,000 for agency endowments). There is no cost to set up a Fund. Thereafter a Fund DESIGNATED FUNDS ensure regular, endowed support is is assessed an annual administrative fee ranging from 1% to 1.75%. provided to specific charitable organizations in the donors names. Donors may elect to start a fund with contributions of cash, publicly traded or closely held securities, real estate, personal DONOR-ADVISED FUNDS allow donors to make property or by the use of planned giving vehicles such as charitable recommendations about the distribution of grants. remainder trusts, charitable lead trusts, life insurance policies and bequests. Contributions of any size are also welcome to existing SCHOLARSHIP FUNDS help further the education of students Funds at any time. who are selected by volunteer committees based on criteria donors outline, whether a student is from a particular geographic area, GRANTMAKING attending a certain school or planning a career in a specific field. MEMORIAL FUNDS ensure a special person is remembered through The Community Foundation works tirelessly to carry out the wishes a Fund that reflects his or her legacy. of donors and to provide expertise in local philanthropy. We constantly stay attuned to the latest developments in the nonprofit AGENCY ENDOWMENT FUNDS are created by nonprofits as a community. If donors want information on an organization, we will means of building charitable dollars for the future of their mission promptly do research and share the results of that due diligence. and work. We also monitor the results of grants, all with the goal of ensuring that they are effective, efficient and productive. We can be remarkably flexible in crafting a charitable solution for you. Setting up a Fund is simple and can be done in a