The Permanent Fund for Northern Virginia

The Permanent Fund for Northern Virginia

ayearof growing the permanent fund for northern virginia THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA 2016-2017 ANNUAL REPORT growing the permanent fund At the heart of everything the Community Foundation has been able to accomplish in the last 8 years is The Permanent Fund for Northern Virginia, Paul Leslie Eileen Ellsworth our permanent community endowment. Today, The Permanent Fund fuels most of our community leadership work. It is the primary source of funding that enables the Community Foundation to respond to the most critical needs in our region and make philanthropic investments in new and innovative ideas. Hundreds of the region’s most well managed and essential nonprofits have received support from The TABLE OF CONTENTS Permanent Fund over the years. Mission and Values .................... 1 We began to build The Permanent Fund in 2009. Today it stands at Community Impact .................... 2 approximately $3.4 million. This past year, the Community Foundation launched a campaign to grow The Permanent Fund to $7 million, setting a 2016-2017 HIGHLIGHTS deadline of June 30, 2019 to get there. The Permanent Fund Many forward-thinking Northern Virginians have already made gifts to The for Northern Virginia .............. 3 Permanent Fund. Some have made gifts from their existing donor advised Community Wealth Building ...... 4 funds, either recommending grants from their funds to The Permanent Fund or even pouring their entire fund balance into it. Some donors have The Latino Engagement promised bequests to further boost the Fund’s size and impact. Others have and Achievement Fund ............ 5 made current contributions in support of this important, collective effort to build a permanent source of unwavering support for our region. Our Children Fund ................. 6 One thing is true of all donors to The Permanent Fund — They have literally NOVA Parks .......................... 7 helped shape the future of our region. Giving Circle of HOPE We hope you enjoy this Annual Report and the stories it contains of our Million Milestone ................... 8 wonderful growth and impact during 2017. As we have said many times, we do nothing alone at the Community Foundation. It is our honor and pleasure Innovation Fund Grant to to serve you, engage you in local philanthropy, partner with you for greater The Honey Bee Initiative ......... 9 impact, and build a community that works for everyone, together. Responding to Critical Need: Community Grants ...................10 2016 Community Leadership Award...................................18 Donor Advised Funds ................20 Donor Advised Fund Grants ........28 Paul Leslie Eileen Ellsworth Scholarship Recipients ..............30 Chair of the Board of Directors President Foundation Supporters ..............34 Give Like It Matters ..................40 Financials ..............................41 about the community foundation for northern virginia The Community Foundation for Northern Virginia is a visionary funder that has directed millions of charitable dollars to people in need since 1978. Our mission is to grow philanthropy to respond to critical need and seed innovation in the region. 2016-2017 BOARD OF DIRECTORS & STAFF OUR VALUES Board of Directors Sylvia von Bostel The Community Foundation for Paul Leslie (Chair) Mitch Weintraub Northern Virginia is committed to Dovel Technologies, Inc. Cordia Partners building a community that works Kevin DeSanto (Vice Chair) George Wilson for everyone. KippsDeSanto & Co. ECS Federal, Inc. Dean Peterson (Treasurer) John H. Wolff Our community is stronger Andersen Tax Bronfman E.L. Rothschild when all people are respected, Marc Wishkoff (Secretary) David L. Young welcomed, and invited to share Chevy Chase Trust Titania Ventures, LLC their assets and contributions in Cindy K. Andreotti Staff community building. The Andreotti Group Eileen M. Ellsworth John Chapel President and CEO We work to bring about a more White Hall Capital, LLC equitable and inclusive prosperity Kelly Blanks Adrian P. Chapman Chief Philanthropy Officer that marries our economic WGL Holdings, Inc. and Washington Gas Tara Nadel strength with the full breadth Brandon Elledge, Esq. Vice President of Marketing and Events of our diverse community. Holland & Knight LLP Cindy DiMarco Ken Huntsman Director of Finance We are wholeheartedly devoted Cheryl Janey Sari Raskin to our neediest neighbors and Moorewood Partners, LLC Director of Grants and Community most vulnerable and marginalized Bernard Mustafa Leadership populations, and work tirelessly to PVBS Allison Cook better meet their needs. Susan Nolan Philanthropy Officer Steven A. Reeder Jennifer Cochran Please join us in grant making, Access National Bank Manager of Communications and dialogue, outreach and advocacy. Catherine Schott Murray Events Odin, Feldman & Pittleman, P.C. Krysta Pearce Julie Simmons Manager of Grants and Scholarships Human Capital Strategic Consulting Douglass Kastens Donald Strehle Philanthropy Specialist Sterling Capital Management LLC A YEAR OF GROWING THE PERMANENT FUND FOR NORTHERN VIRGINIA 1 the community foundation: 2016-2017 Loudoun Arlington impact Fairfax Alexandria Serving Arlington, Fairfax, Loudoun and Prince William Prince William counties, and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park. GRANTMAKING FINANCIALS $4,771,013 in total grants $47,280,856 asset base and scholarships distributed to $13 million in contributions organizations in need the impact $539,245 of your dollar in grants from discretionary funds 86.4% Programs & 322 total grant Services recipients 58 local nonprofits, 5.3% schools and Administration community-based programs supported 8.2% Fundraising through discretionary funds DONOR FUNDS increased impact on total grants and scholarships 182 separate $4.6M $4.7M charitable funds $4.3M $3.9M $2.5M SCHOLARSHIPS $223,035 / 80 students To learn more or to make a tax-deductible gift, 2012-13 2013-2014 2014-2015 2015-2016 2016-2017 visit www.cfnova.org. 2 THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA 2016-2017 ANNUAL REPORT the permanent for northern fund virginia DONOR FEATURE “ There is so much need in Northern Virginia. Deep pockets of poverty persist in our region. Today more than 82,000 children qualify for free and reduce fee lunches. There is little doubt that new, innovative solutions to persistent social issues are needed. That is why we decided to support The Permanent Fund. It gave us an opportunity to join with others in our community to help build a meaningful, robust, and flexible source of philanthropic capital for Northern Virginia.” — Bernard and Daphne Mustafa Northern Virginia is one of the most desirable places to live, work and CURRENT COMPONENT play in the entire country. However, with more than 409,000 of our FUNDS COMPRISING THE residents living at or below 200 percent of the Federal Poverty Level, PERMANENT FUND the need for philanthropic investments has never been greater. Abrahams Fund for Children and Youth In 2017, the Community Foundation launched a campaign to grow Child & Youth Development Fund The Permanent Fund for Northern Virginia, a permanent community endowment that provides critical support for those in need, seeds Community Foundation for Northern Virginia innovation, and makes a lasting difference in our community, forever. Operating Endowment Currently, The Permanent Fund stands at $3.4 million. Our goal is to Community Fund grow it to $7 million by June of 2019. Education Fund There is no single formula for a region’s permanent state of success. Emergency Relief Fund We must constantly re-create, reimagine, and reengage our community Environment Fund to make it ever more vibrant, inclusive and equitable. The Permanent Health, Mental Health & Aging Fund Fund will be the primary source of our capacity to reinvent our Healthy Kids community and help shape the region’s future. Huntsman Family Fund Innovation Fund Military Personnel & Their Families Fund Northern Virginia Children’s Fund Our Children Fund Poverty Relief Fund William A.& Helen C. Steinacker Fund A YEAR OF GROWING THE PERMANENT FUND FOR NORTHERN VIRGINIA 3 community wealth building The Community Foundation for Northern Virginia launched 2017 CHAIRMAN’S AWARDS the Innovation Breakfast Series in 2015 to highlight the The 2017 Chairman’s Awards were presented on May idea that philanthropy can help create a more equitable, 11, 2017 at the Innovation Breakfast for outstanding inclusive, and diverse economy. Community Partners. Four local education foundations received awards for partnering with the Community Our community was particularly inspired after one Foundation to launch new skills-based courses in cyber such Innovation Breakfast in May of 2017. The topic of security and computer science. discussion was “Community Wealth Building,” a systems approach to economic development first described by • SPARK, the Education • The City of Manassas The Democracy Collaborative, that “creates an inclusive, Foundation for Prince Public Schools sustainable economy built on locally rooted and broadly- William County, Education Foundation, held ownership.” This powerful event featured Ted Howard, represented by its represented by its Co-Founder and President of The Democracy Collaborative, Executive Director, Executive Director, Sharon Henry Katy Keegan and Yanique Redwood, President and CEO of the Consumer Health Foundation in Washington, D.C. • The Foundation for • The Loudoun Education Fairfax County Public Foundation, represented The event

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