Annual Report

CFNRV grants along the way in various roles as a volunteer with non-profits.” As Kamala transitioned in her career, she continued to follow the Foundation’s development and benefitted from its programs for nonprofit leaders, “The education to the non-profit community through the CFNRV is phenomenal, and I personally learned how to write grants, and how to be a more effective board member through the education provided.” Based on these experiences, Jack and Kamala approached the staff in early 2021 about transitioning the Bauers- Wall Foundation to a donor-advised fund managed by the CFNRV. The model includes many of the benefits of a private foundation without the hassle of annual reporting or compliance with complex regulations. The family can continue to support their favorite Floyd County nonprofits by recommending the specific organizations and projects they would like to fund, while turning the administrative burden over to the CFNRV. They dissolved their family foundation this spring, and look forward to working in partnership with the CFNRV to continue their giving in a decidedly less stressful way. “We decided to ask the CFNRV to manage these funds, ultimately, to alleviate the stress of making sure all compliance documents were completed timely, while still completing the mission. After having done this both ways, we would recommend the Community Foundation route. The Community Foundation has knowledgeable, and trustworthy, ethical staff – we trust that CFNRV will be in existence far into the future.” For more information on donor-advised funds and/or transitioning a private family foundation, contact the CFNRV staff at 540- 381-8999 or email cfnrv@cfnrv.org.

The Bauers-Wall Foundation has long supported the Partnership for Floyd.

Photo by the Partnership for Floyd

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2020 - 2021 ANNUAL REPORT