Foundation Delivers Aid To Nonprofits

CFRBA board member Woody Sadler congratulates Brenda Shiley of the Natural Bridge/Glasgow Food Pantry on her grant award. (Brandi Wimer photo)

CFRBA board member Woody Sadler congratulates Brenda Shiley of the Natural Bridge/Glasgow Food Pantry on her grant award. (Brandi Wimer photo)

CFRBA board member Tom Gosse congratulates Debbie Gilbert on her grant award for Parry McCluer Middle School. (Brandi Wimer photo)

CFRBA board member Tom Gosse congratulates Debbie Gilbert on her grant award for Parry McCluer Middle School. (Brandi Wimer photo)

DR. ROBERT GLIDDEN, chairman of the board, welcomes guests to the annual reception. (Brandi Wimer photo)

DR. ROBERT GLIDDEN, chairman of the board, welcomes guests to the annual reception. (Brandi Wimer photo)

CFRBA DONOR Patty Thomas, Paul Robblee and JoAnne Robblee enjoy food provided by CHEFS Catering during the annual reception for the Community Foundation for Rockbridge, Bath and Alleghany. (Brandi Wimer photo)

CFRBA DONOR Patty Thomas, Paul Robblee and JoAnne Robblee enjoy food provided by CHEFS Catering during the annual reception for the Community Foundation for Rockbridge, Bath and Alleghany. (Brandi Wimer photo)

LORI TURNER, CFRBA executive director, talks with Lynne Johnson, executive director of Rockbridge Area Habitat for Humanity, and Zanetta Ford-Byrd, director of community relations for Habitat. (Brandi Wimer photo)

LORI TURNER, CFRBA executive director, talks with Lynne Johnson, executive director of Rockbridge Area Habitat for Humanity, and Zanetta Ford-Byrd, director of community relations for Habitat. (Brandi Wimer photo)

Over $220,000 Distributed At Reception

The Community Foundation for Rockbridge, Bath and Alleghany distributed over $220,000 to area nonprofit groups at its annual reception at Kendal of Lexington on Nov. 13.

One hundred and sixty-eight guests were in attendance for the event, including foundation donors, grant recipients, local government leaders and past and present board members.

In her opening speech Lori Turner, executive director, explained, “Tonight we are celebrating philanthropy – your philanthropy individually and our foundation’s philanthropy collectively. Through your generosity we can improve the quality of lives of Rockbridge, Bath and Alleghany counties not only today, but far into the future … forever”

The Community Foundation for Rockbridge, Bath and Alleghany has quickly grown to over $5.4 million.

Agencies who received grants that evening included Alleghany Highlands Community Services, American Cancer Society, American Heart Association, ARC of Rockbridge, Blue Ridge Legal Services, Boxer-wood Education Association, Boxerwood Nature Center, Boy Scouts of America, Boys’ Home of Covington, Bridge to Hope Food Pantry, Brownsburg Community Association, Buena Vista Arts Council, Buena Vista City Schools, Camp Mont Shenandoah, Care-Box Project of Rockbridge, CASA for Children, Rockbridge Christmas Baskets, Grace Episcopal Church, Concerned Citizens of Glasgow, English-Speaking Union - Lexington Branch, Fairfield volunteer fire and rescue, Fine Arts of Rockbridge, Friends of Natural Bridge State Park, Girls Scouts of America, Glasgow/ Natural Bridge Food Pantry, Hillsdale College, Hoofbeats Therapeutic Riding Center, Hull’s Drive In (Hull’s Angels), Juvenile Diabetes Research Foundation;

Also, Kerrs Creek Fire Department, Lexington Police Foundation, Lexington Sunrise Rotary Club, Lexington Woman’s Club, Main Street Lexington, March of Dimes, Meals for Shut Ins, Maury River Senior Center Meals on Wheels, Nature Camp Foundation, Project Horizon, Rockbridge Area Disability Services, Rock-bridge Area Habitat for Humanity, Rockbridge Area Health Center, Rockbridge Area Hospice, Rockbridge Area Relief Association, Rockbridge SPCA, Rock-bridge Area Transportation System, Rockbridge Area YMCA, Rockbridge Regional Library, Rockbridge Retreat Project, Rockbridge Symphony, Rockbridge Tennis Association, Rockbridge United Soccer Club, Salvation Army;

Also, Samuel’s Supper, Savannah Country Day School, Shenandoah Academy of Dance, St Jude’s Research Center, St Luke’s Outreach, St. John’s Episcopal Church, StuFund - Student Activities Fund, Talking Book Center, The Community Closet, The Community Table for Rockbridge, Town Creek United Methodist Church, Virginia Horse Center, Valley Program for Aging Services, Washington and Lee Campus Kitchen, Yellow Brick Road Learning Center and United Way.

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Board Chairman Robert Glidden welcomed guests and thanked event sponsors, including CornerStone Bank, CHEFS Catering, Old Lexington Mercantile, Ionic Marketing, Devils Backbone and Delicious Treats by Delorise.

Guest speakers were Fred Massey and Sue Whitsitt who spoke of their endowment experience with CFRBA and why they chose to become donor advisors.

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Buddy Bryan, CFRBA board vice chairman, shared the CFRBA investment portfolio and ways that donors can endow funds.

CFRBA offers several types of funds including:

Pass through: At the donor’s convenience, he or she may recommend grants into the future to qualified not-for-profits, using both income and principal.

Endowment funds: The principal is left intact and is allowed to grow while the earnings from the fund (normally 4 percent of the value of the fund) are used for the designated grants. This means that the Community Foundation for Rockbridge, Bath and Alleghany will invest fund assets to ensure its perpetuity. Endowment funds offered include:

Designated endowed funds: There are endowed funds in which the donor designates the agency he or she wish to receive support.

Field of interest endowed funds: These are endowed funds which the donor designates the general area of interest (health care, arts, education, etc.) to receive support.

Unrestricted endowed funds: These are endowed funds, which can be used for the greatest need in the community.

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Not-for-profit organizations may set up endowments with the foundation to benefit their own organization in perpetuity.

More information on the CFRBA can be found at http://cfrba.org or by calling the office at 463-0943 or by emailing Turner at lori.turner@cfrba.org.

The News-Gazette

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