Foundation for Roanoke Valley will provide leadership, resources and inspiration
for philanthropy in the communities it serves.
To fulfill the Foundation’s mission, it:
- Enables donors to carry out their charitable intent through endowment funds
- Provides responsible stewardship for entrusted funds
- Makes creative grants for current and future community needs and opportunities
- Offers comprehensive services to encourage and advance effective philanthropy
- Promotes and participates in collaborative efforts to shape a healthy, caring community.
Determining where one’s charitable assets can have the most direct - and lasting - impact can often be a frustrating and time consuming process. That is why tens of thousands of donors across the country annually choose their local community foundation as their preferred vehicle for philanthropy. Each year billions in new gifts flow into the 700+ U.S. community foundations, taking their collective holdings to over $40 billion.
Community foundations began in 1914 and are publicly-supported, 501(c)(3) philanthropic organizations that hold, administer, invest and make grants from both endowed and non-endowed funds established by individuals, families and others. They are simple, flexible, convenient, tax-wise, cost-effective vehicles through which donors can give back to their home community in perpetuity.
Foundation for Roanoke Valley is the community foundation serving the cities of Roanoke, Salem, Lexington and Martinsville, the counties of Roanoke, Botetourt, Craig, Floyd, Franklin, Henry, and Alleghany, and other surrounding areas. It was established in 1988 and began day-to-day activity in 1990. Foundation funds range in size from a minimum of $10,000 to several million dollars.
The Foundation can tailor a Fund in virtually any fashion to meet your charitable objectives. You can rely on the Foundation to make the grant selections each year, or you and your family can be active partners in the grantmaking process by serving as Fund advisors.
Endowment Fund grants are made in perpetuity from annual earnings, with an emphasis on
preserving and growing the value of the principal over time. Each year the Foundation awards millions of dollars in grants to address important needs and opportunities in health, education, social services, the arts, environment and much more.
Funds can be created in minutes with a simple agreement, with no set-up costs. Thereafter, there is a modest annual administrative assessment to support the Foundation’s work in the community. Professional investment management costs are separately netted from the Fund’s performance. As a public charity, the Foundation receives the very most favorable treatment allowed under current tax law.
Alan E. Ronk, Executive Director
Carly C. Oliver, Associate Director
Beth Kelley, Accounting Director
Michelle Eberly, Program Officer
Kathy Mattox, Administrative Assistant