Endowed Funds

It is quite common for community foundations to offer designated funds as an option for donors. Endowed Funds allow individuals, families and orgainizations to set up funds for a specific purpose. Once the initial investment is made, requiring a minimum of $10,000, the investment earnings from the fund are then distributed for the stated purpose. Endowed funds often appeal to donors whom are making memorials or honoring significant events in the lives of loved ones. These funds can provide great flexibility in funding local programs and projects.

The Virginia Community Foundation currently has five endowed funds:

• The Blue Pride Fund
• The Virginia Public Library Fund
• The Virginia Educational Fund
• The Mesabi Range Youth for Christ Fund
• Fund for the Arts