CFV Annual Report 2021

HIGHLIGHTS FOR 2021

The year 2021 was a very good year for the Community Foundation of the Virginias, Inc.

This year the Foundation crossed a landmark in Assets, ending the year with $15,537.483, an increase of $1,950,051 over the 2020 final figure. The Foundation awarded $617,784 in Grants to beneficial area organizations and Scholarships to deserving area students to assist them in continuing their post-secondary education. • The Iona Pauline Wilson Dooley Scholarship Fund - to provide financial assistance to a high school graduate pursuing a degree and career in a medical field • The June Hearn Fletcher and Jack A. Fletcher Scholarship Fund - to provide scholarship assistance for graduating seniors of Bluefield High School and Princeton Senior High School • The Dr. David A. Kovach Scholarship Fund - to provide scholarship assistance for graduating seniors and graduates of Graham High School • The Bill and Juanita Marrs Endowment Fund for the Two Virginias - to provide scholarship assistance for graduating seniors in high schools in McDowell County, West Virginia and Tazewell County, Virginia • The Quota Club of South Bluefield Foundation Fund - to support advancing and promoting the health and welfare of women and children • The Michael Christopher Smith Memorial Fund - to support community, historic and child benefit projects in southwest Virginia and southern West Virginia • The Mary June Wall Charitable Fund - to support persons suffering from mental illness or mental disability We were also able to make needed major improvements to our office, renovating the restrooms, replacing the ceiling tiles and lighting in the main and auxiliary offices, and installing a new security entrance. The year 2021 saw major changes in the Foundation’s officers. We greatly appreciate Kermit Moore for his five years of service as Foundation President, and we welcomed Dan Shortridge as our new President in January. Kevin Worly resigned his position as Treasurer and as a board member due to job requirements. We thank Kevin for his years of service to the Foundation, and we welcomed Melinda Testerman as our new Treasurer. The City of Bluefield, West Virginia issued a Proclamation in recognition of the Foundation’s “service to the City of Bluefield, and to the people of Mercer and Tazewell Counties.” The Foundation deeply appreciates this acknowledgement by the City of Bluefield of the efforts we make to benefit its service area. 3 Seven new endowed funds were established during the year: