ewvcf.org

  • Learn
    • Board of Directors
    • Community Foundation Staff
    • History
    • How We Invest
    • National Standards
    • Community Workshops & Nonprofit Training Programs
    • FAQs
    • Blog
    • Contact Us
  • Give
    • Become a Donor
    • NIP Tax Credits
    • Our Endowed Funds
      • Unrestricted Funds
      • Agency & Hybrid Endowed Funds
      • Designated Funds
      • Donor Advised Funds
      • Field of Interest Funds
      • EWVCF Scholarship Funds
    • Starting a Fund
    • Two Rivers Giving Circle
    • Legacy Society
    • Partners in Philanthropy
  • Receive
    • Grants
      • 2023 EWVCF Winter/Spring Grant Opportunities
      • Grantee Forms & Information
    • Scholarships
      • EWVCF Scholarship Funds
      • Scholarships with Separate Applications
      • Scholarship FAQs
  • Plan
    • Professional Advisors
    • Charitable Bequests
    • Types of Funds
  • Hampshire County Affiliate
    • Learn
      • Established Funds
      • FAQs
      • How We Invest
      • News
    • Give
    • NIP Tax Credits
    • Partners In Philanthropy
    • Grants
    • Scholarships
    • Plan
      • Legacy Society
    • NEWS
    • Events
  • Hardy County Affiliate
    • Learn
      • Established Funds
      • FAQs
      • How We Invest
    • Give
    • NIP Tax Credits
    • Partners In Philanthropy
    • Grants
    • Scholarships
    • Plan
      • Legacy Society
    • NEWS
    • Events

Visionary Fund

Members of the EWVCF Executive Committee, including Treasurer Lisa Welch, President Scott Roach, Vice President Darlene Truman and Governance Committee Chair Tia McMillan, are spearheading the creation of the Community Foundation’s first Visionary Fund.

Inspired by the 100th anniversary of the founding of America’s first community foundation, the Eastern West Virginia Community Foundation (EWVCF) has launched a campaign to raise $25,000 to create its first Visionary Fund; an endowment that will be invested with the organization’s other assets and, over the next 100 years, grow to more than $25 million. Along the way, the Visionary Fund will distribute more than $1.3 million to area nonprofit organizations and, beginning in 2114, grant approximately $1.2 million annually to fund the Eastern Panhandle’s most pressing charitable needs.

“We believe in providing a lasting legacy for generations to come, and through the power of compounding will be able to do that with this Visionary Fund,” stated EWVCF President Scott Roach. “Based on historic investment returns, we project that the Visionary Fund will grow at 8% annually and by 2064 will top $1.1 million.“ No administrative fee (normally 1% annually) will be assessed and no distributions will be made during the first 50 years. At that time one half of the fund will become an unrestricted endowment awarding annual grants of $25,000 or more per year to area charities, and the other half will continue to grow without fees or distributions.

The concept was inspired by Ben Franklin, who in his Last Will and Testament left bequests to Boston and Philadelphia predicated on their stewardship of the asset for 100 years before expending funds to benefit their citizens. A portion of Franklin’s gift was then reinvested for another 100 years. Important public works projects were funded, including the Franklin Institute, one of the nation’s foremost science centers.

“The beauty of compounding returns is that once your assets reach a certain critical mass, the gains really start building quickly,” explained EWVCF Executive Director Michael Whalton. “To illustrate, the community foundation has paid out more than $2 million in grants during the past two years, yet thanks to excellent market returns, our net assets have grown by more than $1 million, to $16.6 million in 2013.”

The Visionary Fund is just one of several programs being introduced by the Eastern West Virginia Community Foundation in 2014. Additionally, the organization’s Partners In Philanthropy are engaged in funding Mini-Grants to Teachers in all three counties as well as establishing the Jefferson Community Fund; the first of three unrestricted countywide funds that will address the Eastern Panhandle’s most pressing charitable needs. The highlight of the upcoming Scholars & Donors Reception on May 13th will be the presentation of $82,000 in scholarships to students heading off to colleges or universities in the fall.

The Eastern West Virginia Community Foundation was founded in 1995 to build local, permanent endowment to generate annual charitable grants and scholarships. EWVCF serves Jefferson, Berkeley, and Morgan Counties, with affiliates in Hampshire and Hardy Counties.  Community foundations focus almost entirely on working with local individuals to build local assets to meet local needs. There are currently more than 700 community foundations serving donors across America, with 26 actively building endowments and making grants in West Virginia. Total assets held by EWVCF topped $16.6 million in 2013, and the organization currently manages 174 endowed funds.

By supporting special endowments like the Visionary Fund and the Jefferson Community Fund, donors can help ensure that the Community Foundation will thrive during the next 100 years. For information about the Partners in Philanthropy program or to make a donation to the Eastern West Virginia Community Foundation Visionary Fund, call 304-264-0353 or mail your check to EWVCF, 229 E. Martin Street, Suite 4, Martinsburg, WV  25401.

Recent Posts

  • EWVCF Accepting Scholarship Applications
  • 2023 EWVCF Winter/Spring Grant Opportunities
  • EWVCF Now Accepting 2023 Scholarship Applications
  • EWVCF Awards Over $160K in Youth and Education Grants to Eastern Panhandle Nonprofits and Schools
  • 27th Annual Report to the Community Now Online

Sign Up for Our Newsletter




Make a Donation

Give a gift that builds your community. Donate today:

ewvcf.org/donate

EWVCF Downloads

Policies

Privacy Policy

Financial Reports

2021 Financial Statements

2021 IRS Form 990

2020 Financial Statements

2020 IRS Form 990

2019 Financial Statements

2019 Form 990

2018 Financial Statements

2018 Form 990

2017 Financial Statements

2017 Form 990

2016 Financial Statements

2016 Form 990

2015 Financial Statements

2015 Form 990

Reports to the Community

26th Annual Report to the Community

25th Annual Report to the Community

24th Annual Report to the Community

23rd Annual Report to the Community

22nd Annual Report to the Community

21st Annual Report to the Community

2014 Report to the Community

The Community Foundation has many governing documents, including a Conflict of Interest Policy. These are available upon request.

The Community Foundation is not currently required to file a Form 990-T. However, if at some future date we are required to file one we will post it on our web site.

Contact EWVCF

Eastern West Virginia Community Foundation
229 East Martin St., Suite 4
Martinsburg, WV 25401
www.EWVCF.org
info@EWVCF.org
Join our email list
Follow us on Facebook
304.264.0353
Fax: 888.507.8375

Vision

Our Vision is to build vibrant communities that provide opportunities for everyone living in the Eastern Panhandle of West Virginia.

Mission

Our Mission is to inspire philanthropy, serve donors, strengthen communities, and improve the quality of life in Eastern West Virginia now and for future generations.

Values

We Value diversity, provide exceptional stewardship, and fully embrace accountability, integrity, professionalism, and transparency in everything we do.

Copyright EWVCF © 2023 · Log in