Community Foundation of the Virginias 2023 Annual Report

Community Foundation of the Virginias, Inc. “Serving the Community Since 1993”

2023 ANNUAL REPORT

Mission Statement The Community Foundation of the Virginias, Inc. promotes philanthropy by fostering charitable giving, serving our donors’ interests, and effectively responding to our communities’ needs and opportunities.

“We make a living by what we get; We make a life by what we give.”

-Winston Churchill

TABLE OF CONTENTS President’s Letter...............................................................2 Society of Founders...........................................................3 Legacy Society ..................................................................3 Highlights for 2023 ...........................................................4 Administration...................................................................4 Grantmaking ......................................................................5 Grant Recipients ................................................................6 - 9 Donor Designated and Donor Advised Grants..................8 Scholarships.......................................................................9 Donors ...............................................................................10 - 11 Business Donors and In-Kind Donations ..........................12 Memorial Gifts ..................................................................13 Honorarium Gifts ..............................................................14 Governance........................................................................14 Foundation Committees ....................................................15 Scholarships.......................................................................15 - 16 Funds Within The Foundation...........................................17-19 Establishing A Fund ..........................................................20 - 21 Assets.................................................................................21 Statements of Financial Position .......................................22 Statements of Activities.....................................................23 In Memory of Past Board Members ..................................24 “30 For 30” Campaign ............................ Inside Back Cover Foundation History.............................................Back Cover

PRESIDENT’S LETTER

Our region is experiencing a reinvigoration, a renaissance of sorts. Our economic base is diversifying while honoring our history but looking to an exciting future. Many enjoy living, working and playing in our mountains and experiencing the best of life. These are the same generous people who make the Community Foundation of the Virginias, Inc. what it is today. Yes, it is all about the wonderful people who call our region home. Our 30 -year anniversary was celebrated and was a tremendous milestone. Our 30/30 Campaign kicked off asking for a dollar for each year. Donors stepped up and Norfolk Southern graciously matched the funds which were raised, dollar for dollar. During the year, generous donors endowed 3 new funds supporting education and history. Also, donations in honor or memory of others received by the foundation continued to trend higher. We are proudest of what has been given back to our community. A record total of $1,035,000 was awarded in scholarships and grants for 2023! These dollars ripple through our community supporting education, health, arts and human services. While our success stands on the shoulders of those before us, The Community Foundation lost 3 very important members. They gave deeply of their time and resources to this foundation and many other worthwhile causes. Please join us in fond remembrances of Nick Ameli, Richard Ammar and Betty Bailey. Their impact will continue for many more generations. Yours in service,

SOCIETY OF FOUNDERS The Community Foundation wishes to express its profound gratitude to the following individuals, families, financial institutions, businesses, and foundations who are honored as Founders in recognition of their special role in providing the initial funding of the Foundation, that ensured the establishment of the Foundation, and continues to sustain its operation and growth. Ammar Family Fred and Bernice Gilbert Richard and Jay Ammar Rick Kendrick Betty Gardner Bailey J. Franklin and Darnell Long Bluefield Regional Medical Center Marshall Miller & Associates, Inc. Sallie Brevick Norfolk Southern Foundation Paul and Carol Cole Clara Perkinson Stelio J. and Betty T. Corte Charles and Marjorie Peters First Century Bank Rose Sinicrope First Community Bank Katharine Tierney First Virginia Bank – Clinch Valley WVVA-TV THE LEGACY SOCIETY Community Foundation of the Virginias, Inc. acknowledges the following who have informed us of their plans to leave a legacy to the community through a gift to the Foundation. Gifts can be made through bequests, retirement accounts, insurance policies, and charitable remainder trusts. We thank each donor for his or her forethought and generosity. Anonymous Nick and Jeannie Ameli Floriene Austin Betty Gardner Bailey Lenabelle Bowen Donald W. Caudill, Ph.D. Henry Pleasant Cofer Mabel Mahood Helen Louise Payne Clara Perkinson David Eugene Simmons Gladys Sinicrope Margaret “Trika” Smith-Burke Maurice and Grace Weinberg William D. Evans

HIGHLIGHTS FOR 2023

New Funds:

• The Bailey Fund for the Historic Crab Orchard Museum was established from the estate of Betty Bailey to support the museum. • The Garton-Butler Scholarship Fund was established by Deborah Garton and Fred Butler for graduating seniors who will be attending college or vocational training with special attention given to those interested in a career in law enforcement. • The Vain Colby Rising Star Scholarship Fund was established in memory of Vain Colby to provide scholarship assistance to students pursuing a career in performing arts through post-secondary study at a liberal arts college or a performing arts academy. • In 2023, a record total of $616,005.11 for grant funding was awarded by the Foundation Board of Directors for applicants and donor advised funds, donor designated funds and pass-through funds. • The Board also approved 199 scholarship awards for 129 area students that totaled $419,000.00 • The Foundation awarded $1,035,005.11 in 2023, a record total for a single year. Officers Julie Johnson, President Gene Bailey, Vice President Mary Jo Babbitt, Secretary Melinda Testerman, Treasurer Staff James H. “Smokey” Shott, Executive Director Rebekah Ritter, Administrative Assistant Accountant Brown, Edwards, & Co., L.L.P. Trustee Banks First Community Bank = Summit Community Bank = Truist Member Chamber of Commerce of the Two Virginias Tazewell Chamber of Commerce Philanthropy West Virginia Council on Foundation

Grants and Scholarships:

GRANTMAKING The Community Foundation of the Virginias, Inc. awarded a record total of $616,005.11 in grants to area non-profits in support of their beneficial projects in 2023. In the Foundation’s 27 th year of grantmaking, an investment of more than $4 million has been awarded for area projects. The Foundation truly appreciates the diligence of the active members of the Grants Committee in reviewing and evaluating the applications and preparing the awards recommendations for the Foundation’s Board of Directors. The Committee members are: Chairperson Kathleen Blaydes, Mary Jo Babbitt, Gene Bailey, Deborah Garton, Craig Hammond, Cathy Corte Payne, Mike Swatts, Peter Taylor and Daniel Wells. Information for Grant Seekers The Community Foundation of the Virginias, Inc., awards discretionary and field of interest grants to 501(c)(3) and other non-profit organizations in four areas of charitable giving: Education, Health, Human Services, and Arts and Humanities in Mercer County, West Virginia and Tazewell County, Virginia and surrounding area. Applications are accepted annually fromApril 1 and must be received in the Foundation office or postmarked by June 30. For additional information, contact the Foundation office as follows:

Community Foundation of the Virginias, Inc. 128 North Street ~ P. O. Box 4127 ~ Bluefield, WV 24701 Phone: 304-324-0222 www.cfvinc.org ~ Email: admin@cfvinc.org

GRANTS The Board of Directors of the Community Foundation of the Virginias, Inc. approved 63 Grant Applications for a total of $426,776.52; six (6) Donor Designated Grants for $6,299.17; eleven (11) Donor Advised Grants for $46,800.00. A total of $479,795.69 was approved by the Board. In addition, $126,209.42 was paid through a Pass-Through Grant from the Michael Christopher Smith Fund and $10,000 was paid through the Bailey Historic Crab Orchard Museum Fund. In 2023, a record total of $616,005.11 was awarded for grant funding.

2023 Grant Recipients

Education Appalachian South Folklife Center's Learning Day Camp Bluefield Primary School

$4,000.00

Unrestricted Fund

$8,293.90

Helen Louise Payne and Henry Pleasant Cofer Fund; the Judge Jerome and Hilda R. Katz Memorial Fund; and the Warren Ashby and Elizabeth Featherstone Thornhill Memorial Fund Helen Louise Payne and Henry Pleasant Cofer Fund and the Bluefield University Fund Alfred and Shirley Wampler Caudill Endowment Fund Unrestricted Fund and the Bluefield Daily Telegraph Literacy Fund; and the William D. Evans Fund Sandra Gayle Monk Memorial Fund Unrestricted Fund and the Janie Poteet Light Fund for Art Studies

Bluefield University Department of Communication Arts Bluefield University's New Opportunity School for Women Chamber of Commerce of the Two Virginias

$3,000.00

$1,275.00

$4,000.00

Mercer County Opportunity Industries $1,170.00

Montcalm High School

$3,000.00

Mountain Acres Properties, Inc.

$5,000.00 $3,500.00

Unrestricted Fund Unrestricted Fund

Princeton Public Library

Health Bland Ministry Center and Dental Clinic $7,500.00

Unrestricted Fund

Center for Christian Action

$4,000.00

Ghia M. Borg Memorial Fund and the American Electric Power Community Service Fund Ghia M. Borg Memorial Fund and the Quota Club of South Bluefield Foundation Fund Unrestricted Fund; William D. Evans Fund and the Rotary Club of Bluefield WV Fund

Postpartum Support Virginia

$4,500.00

Ronald McDonald House Charities of Central Ohio

$4,000.00

Virginia Dental Association Foundation $3,000.00 Human Services Appalachian Agency for Senior Citizens $5,056.00

Ghia M. Borg Memorial Fund

Unrestricted Fund; the Ghia M. Borg Memorial Fund; and the William D. Evans Fund

Appalachian Sustainable Development $10,000.00

Unrestricted Fund

Boy Scouts of America - Buckskin Council Troop #1

$2,000.00

Perkinson Family Fund

Calvary Hill Church

$7,500.00

Helen Louise Payne and Henry Pleasant Cofer Fund Ghia M. Borg Memorial Fund

Catholic Charities West Virginia

$4,500.00

Child Protect of Mercer County, Inc.

$17,669.00

Unrestricted Fund and the Jeffrey Edward Shott Memorial Fund Unrestricted Fund and the Jeffrey Edward Shott Memorial Fund Helen Louise Payne and Henry Pleasant Cofer Fund Helen Louise Payne and Henry Pleasant Cofer Fund Unrestricted Fund and the American Electric Power Community Service Fund Fannie Kate and Betty Gardner Bailey Fund Unrestricted Fund

Children's Home Society of WV - Princeton

$2,000.00

City of Bluefield, WV - Police Department $5,000.00

Clearfork Volunteer Fire Department East River Volunteer Fire Department

$10,000.00 $2,000.00

Feeding Southwest Virginia

$2,000.00

Friends of Tazewell County Community Cats, Inc. Girl Scouts of Black Diamond Council, Inc. Helpful Harvest Food Bank

$1,500.00

$2,000.00

Perkinson Family Fund

$13,000.00 $2,500.00 $5,000.00 $4,000.00 $1,265.00 $25,000.00

Unrestricted Fund Unrestricted Fund

Make-A-Wish Foundation of Greater PA and WV

Mary's Cradle

Unrestricted Fund

Mountaineer Food Bank

Helen Louise Payne and Henry Pleasant Cofer Fund

Princeton Police Department

Unrestricted Fund

Sacred Heart Catholic Church Food Pantry

Unrestricted Fund; the Ghia M. Borg Memorial Fund Borg; and the

American Electric Power Community Service Fund

Save A Pet Food Bank

$1,500.00

Fannie Kate and Betty Gardner Bailey Fund Fannie Kate and Betty Gardner Bailey Fund

Second Chance for Cats, Inc.

$1,500.00

Tender Mercies Ministry

$20,000.00 $15,000.00 $20,000.00

Fund for Mercer County Fund for Mercer County

The Salvation Army of Mercer County

Town of Bluefield VA

Unrestricted Fund and the Helen Louise Payne and Henry Pleasant Cofer Fund

Town of Bluefield VA Police Department $5,946.40

Unrestricted Fund Unrestricted Fund

Town of Pocahontas VA Police Department Town of Richlands - Public Safety Division (Fire, Rescue, Police)

$2,500.00

$15,373.99

Unrestricted Fund

Town of Tazewell EMS

$15,120.00 $4,000.00

Unrestricted Fund

Toys for Tots

Unrestricted Fund and the William D. Evans Fund Unrestricted Fund and the Jeffrey Edward Shott Memorial Fund

Westminster at Wade, DBA The Wade Center

$5,457.37

WV Community Services for Women (WISE)

$7,500.00

Unrestricted Fund

Young Life

$4,000.00

Unrestricted Fund

Arts & Humanities Bluefield Arts and Revitalization Corp. $15,000.00

Unrestricted Fund and the Bonnie R. Shott Fund Unrestricted Fund; the Ammar Family Memorial Fund; and the William D. Evans Fund Helen Louise Payne and Henry Pleasant Cofer Fund; the Bonnie R. Shott Fund; and the William D. Evans Fund Janie Poteet Light Fund for Art Studies Helen Louise Payne and Henry Pleasant Cofer Fund Helen Louise Payne and Henry Pleasant Cofer Fund Ghia M. Borg Memorial Fund and the Community Action Grant Fund Unrestricted Fund and the William D. Evans Fund Unrestricted Fund; the Sandra Gayle Monk Memorial Fund; and the Charles A. and Marjorie M. Peters Fund Unrestricted Fund Unrestricted Fund

Bluefield Beautification Commission

$20,000.00

Bluefield High School Theatre Dept.

$3,500.00

Bluewell Improvement Association, Inc. $3,500.00

Charles T. "Chuck" Mathena II Foundation, Inc.

$2,500.00

City of Bluefield WV Parks & Rec Dept. $13,712.00

City of Bluefield WV Parks & Rec Dept. $10,203.00

Community Connections, Inc.

$3,884.00

Four Seasons YMCA

$10,000.00

Mercer County Historical Society, Inc. $2,500.00

Mercer County Special Olympics WV

$2,000.00

Princeton Board of Park and Recreation Commissioners Richlands Youth Baseball Boosters Club, RiffRaff Arts Collective, Inc.

$10,400.86

Unrestricted Fund

$7,500.00

Unrestricted Fund

$2,500.00

Janie Poteet Light Fund for Art Studies

Tazewell County Public Library Foundation

$10,000.00

Unrestricted Fund

The Sanders House

$3,450.00

Helen Louise Payne and Henry Pleasant Cofer Fund Helen Louise Payne and Henry Pleasant Cofer Fund and the Charles A. and Majorie M. Peters Fund

Town of Bluefield Recreation Depart.

$10,000.00

Total Grants Awarded with Applications $426,776.52

Donor Designated Grants Bible in the School in Mercer County

$1,679.65

The B. G. "Bev" and Rachel Blalock Family Fund The Pat and Harold Brewster Memorial Fund The Hebrew Cemetery Fund The Sylvester C. and Janice M. Myers Fund The Charles E. and Jerry Ann Myles Fund

Mercer County Humane Society

$1,234.63

Historic Pocahontas The Wade Center

$1,354.19

$720.83

Mercer Charitable Clinic

$460.42

Burlington United Methodist Family Services, Inc. Historic Crab Orchard Museum

$769.45

The G.P., Inc. Fund

$10,000.00

The Bailey Fund for the Historic Crab Orchard Museum

Total Donor Designated Grants

$16,219.17

Donor Advised Grants Presbyterian Children's Home of the Highlands Catholic Charities West Virginia

$250.00

The Charles and Rebecca Carter Fund The Charles and Rebecca Carter Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund The Harvest Blessings Fund

$250.00

ABWE Foundation Total

$28,800.00 $5,000.00

Fellowship International Mission Positive Alternative Radio - Spirit FM

$500.00

Bluefield Union Mission, Inc. Appalachian Teen Challenge

$1,000.00 $1,000.00 $1,000.00 $8,000.00

ABEL Crisis Pregnancy Center, Inc.

Heaven Sent Ministries Tender Mercies Ministries American Family Association

$500.00 $500.00

Total Donor Advised Grants

$46,800.00

Pass Through Grants Clinch Valley Community Action Group, Inc. - Camp Joy Virginia Department of Historic Resources Total Pass Through Grants

$116,209.42

Michael Christopher Smith Memorial Fund Michael Christopher Smith Memorial Fund

$10,000.00

$126,209.42

All Grants Total for 2023

$616,005.11

2023 DONORS

Samuel and Sue Allison Ms. Jeanne C. Ameli Mr. and Mrs. Nick Ameli, Jr. Ms. Mary Jane Ammar Anonymous Linda and Frank Augustosky Dr. Walid H. and Mrs. Mary K. Azzo Mr. James David Bailey Gene F. and Judy L. Bailey Mr. J. W. (Jay) Barringer Mr. and Mrs. Joseph A. Battaglia, Jr. John P. and Rebecca Beckett Ms. Mary J. Blankenship Ms. Kathleen B. Blaydes Ms. Alandra L. Blume Ms. Susan Boyd Harold and Betty Brainerd Harold D. and Deborah D. Brewster Dr. Sheila J. Brooks Ms. Barbara J. Buchanan Mr. Glenn W. Buchanan Linda H. and Clifton C. Burnette Mr. Russell T. Burney, Jr. Wilson and Martha Butt Mr. Ronald L. Campbell Mr. Donald W. Caudill Thomas R. and Martha J. Chaffins Richard and Pat Coccia Mr. Charlie Cole Mr. William Paul Cole, III Ms. Mollie Comer The Ennio and Rosa Corte Foundation Stelio and Betty Tracy Corte Charitable Foundation Mr. Skip Crane Lovetta and Butch Currence Ms. Melissa Currence Ms. Robin Deyo Dr. Jane Dooley-Stuart Ms. Maegan Evans Dustin Ms. Karen Dye Drs. Mark and Eloise Elliott Ms. Jean D. Evansmore Mr. Harry C. Farmer

Ms. Allison Fass E.L. Foley; J.A. Lester, Jr.; J.M. Lester Ms. Jennifer Folwell Frederick Butler and Deborah Garton Ms. Deborah K. Garton Shirley Gay and Marcia Lee Ms. Gale Gillespie James C. and Elizabeth A. Goforth Mr. Richard Goldstein Ms. Bonita Gonzales Ms. Susie M. Green Ms. Sheila Hall Ms. Loretta Hammond Craig A. and Elenor R. Hammond David and Vicki Harris William and Carolyn Sue Harshbarger Ms. Katherine F. Hart Dr. Cary Smith Hart Jim and Karen Harvey Ms. Linda O. Hash Amanda and Tony Hawkinson William, Marion and Patrick Haye Ms. Linda H. Hoagland Mr. and Mrs. Robert "Bob" Hoge Dr. and Mrs. Sudhakar R. Jamkhandi

H. Marshall and Marian Jarrett Mr. Howard Marshall Jarrett Dr. Kathy A. Johnson Ms. Julie Johnson Julie H. and Dick V. Johnson Ms. Joyce J. Johnston Mr. and Mrs. Norris Kantor The Kelley Law Firm Ms. Donna Kelly Mr. K. A. Kemmerer, III Mr. Martin T. Kendrick Ms. Jay Kephart Don and Rebecca Kersey Mr. David Kirk Bailey-Kirk Funeral Home, Inc. Stan and Grey Kiser James and Linda Knowles Dr. Muthusami Kuppusami Ms. Claire T. Lampert

A. S. "Sid" Lester Liz and Steve Lester Ms. Lisa Lineberry

Ms. Connie S. Saunders Dr. and Mrs. William Scott Arthur and Sherri Scott

Dr. and Mrs. Marshall C. Long Mr. Alessio Luschi and Family Estate of Leroy Mabe Ms. Karen Maclay Elissa Righter Hart-Mahan and Joshua D. Mahan Kenneth E. and W. June Maloney Carl and Linda Mariotti Mr. Richard "Drew" Marrs Mr. Richard "Rick" Marrs Ms. Debra Clarke McCarthy Marilyn and David McKinney Mr. Alfred C. (Art) Mead, Jr. Ms. Annette Morgan Lawrence E. and Carolyn L. Morhous Ms. Maureen M. Mustard-Walby Ms. Betty Nash Mr. Jeffrey C. Needham Ms. Millie Odell The Honorable and Mrs. Michael A. Oliverio, II Ms. Virginia A. Peacock Mr. Lucian (Allen) Peacock Mr. Robert E. Perkinson, Jr. Ms. Dafney K. Peters Ms. Rhonda Rae Richard and Susan Rash Mr. and Mrs. Peter R. Romano Peter R. Romano Rick and Connie Saunders

David and Brenda Scruggs Jimmie and Margaret Shires Margaret W. Shires, Lisa S. Lineberry and Lori Shires Combs Charles D. and Connie J. Shortridge Ms. Karen Shott Mr. Mike Shott James H. and Diane T. Shott Shott Baker Family Foundation, Inc. John and Kathy Shott Mr. Mike Shott Ms. Margaret Snow Ms. Christine R. Spaulding Mr. and Mrs. James H. Spencer, III Mr. W. Fred St. John Mr. Donald F. (Pete) Sternloff, Jr. Mr. and Mrs. Wayne Stonestreet Mark and Amy Stowers Ms. Eliza Strickland Mr. Anthony Dale Sullivan Michael and Juanita Swatts The Honorable William C. Swope Mr. Peter Taylor Ms. Melinda B. Thomas Ms. Barbara P. Thompson-Smith Brian and Lise Tracey Sgt. Melissa White Steven J. and Shawn P. Williams Ms. Janet C. Williamson Jerry G. and Jeanette R. Wood Mr. Charles Wooley Ms. Rebecca W. Steorts Ms. Angie Stephenson

2023 BUSINESS DONORS

Appalachian Agency for Senior Citizens Appalachian Sustainable Development BHS Class of '72 Reunion Belt Tech Bluefield State College Foundation Bluefield University Bluewells Family Pharmacy, Inc. City of Bluefield, WV Clinch Valley Community Action, Inc. Cole Harley-Davidson East River Coal Co. Elks Club Raffle Account First Bank & Trust Company First Community Bank Hometown Grocery, LLC (Grant's and Piggly Wiggly) Mercer Funeral Home of Bluefield, Inc. Norfolk Southern The Pace Family Foundation, Inc. Princeton Community Hospital Foundation Princeton Rescue Squad, Inc. QOM Enterprises, Inc. (DBA Dairy Queens') Ramey Princeton RiffRaff Arts Collective, Inc.

Southern Minerals, Inc. Summit Community Bank Town of Bluefield, Virginia

Westminster At Wade, Inc. (DBA Wade Center) WV Community Services for Women (WISE) WVVA – TV

IN-KIND DONATIONS

Brown, Edwards & Co., L.L.P. James H. Shott Wayne Stonestreet

GIFTS IN MEMORY OF

Donor

In Memory of

Richard F. and Eleanor R. Ammar

Issy Simmons

Dr. and Mrs. Steve Bourne

John and Norita Tyson

Gerri Broyles-Lamie Mr. Dennis W. Clark Ms. Betty Neil Cutlip

James E. Lamie Danny Clark Richard Cutlip Lynn Forlines

Mr. and Mrs. William Fine Ms. Linda M. Gillespie Charles and Pamela Granger Ms. Susie M. Green Ms. Julie Johnson Mr. Norris Kantor Mr. David M. Katz Ms. Donna Kelly Ms. Kathryn Kraynek Ms. Lisa S. Lineberry Norris and Doris Sue Kantor

Carl C. Gillespie, Jr. Carol G. Granger Equilla Holley Richard Ammar

Ethel Akers and Bill Crowe

Mary Jane Ammar

Judge Jerome and Hilda Katz

Jay C. Kelly

Dr. Alan Lazer

William D. Lineberry, II Marsha Mead - Sister

Jeffrey V. Mendell and George Adkins, Jr. The Marshall Miller Foundation Inc.

Marshall S. Miller

Ms. Catherine Colan Muth

Dr. Phyllis Beaver Horwitz

Ms. Millie Odell

Mike Odell

Ms. Dafney K. Peters Ms. Deanna S. Puckett Mr. George E. Sanborn Ms. Shirley Saunders James and Diane Shott James and Diane Shott Mr. Edward L. Shutt Dr. and Mrs. James Shanklin

Charles A. Peters Charmaine Powers

Jack Witten - Great Uncle

Frank D. Saunders

Helen and Jim Shanklin

Tom Miller

J. Lamie

Joshua Lee Shutt WV Community Services for Women (WISE) Dr. Michele Farley Kormendy

GIFTS IN HONOR OF

Donor

In Honor of

Mr. James David Bailey

Vineyard Street

Ms. Lynda M. Drye

Doris Sue Kantor's Birthday Ken and Rick Kendrick Doris Sue Kantor's Birthday Josh Kantor's 30th Birthday Doris Sue Kantor's 90th Birthday and David M. Katz's 85th Birthday Jackson Hurst's High School Graduation

James and Diane Gatherum Ms. Suzanne H. Gross Mr. and Mrs. Norris Kantor David and Susan Katz

Carl and Linda Mariotti

Mr. Drew Marrs

Bill Marrs’ Birthday - Grandfather

The Marshall Miller Foundation, Inc. Beverly and Randy Phillips Jeffrey Katz and Ila Rosenthal John and Dr. Abbie Youklilis

Mr. and Mrs. Don Pelliello

Janet A. Williams Doris Sue Kantor

Doris Sue and Norris Kantor

2023 OFFICERS AND DIRECTORS

Julie Johnson, President Gene Bailey, Vice President Mary Jo Babbitt, Secretary Melinda Testerman, Treasurer Board Members Class of 2023 : Jack Asbury; Mary Jo Babbitt; Julie Johnson; Doris Sue Kantor; Dan Shortridge Class of 2024: Mary Azzo; Peter Taylor; Daniel Wells Class of 2025: Gene Bailey; Deborah Garton; Craig Hammond; Stacey Hicks; Rick Kendrick Class of 2026: Kathleen Blaydes; Tom Chaffins; Samuel Hill; Cathy Corte Payne; Mike Swatts; Melinda Testerman

2023 COMMITTEES WITHIN THE FOUNDATION

Grants Committee Kathleen Blaydes, Chair Mary Jo Babbitt Gene Bailey

Executive Committee

Julie Johnson, Chair Dan Shortridge, Immediate Past Chair Deborah Garton Rick Kendrick Peter Taylor James H. Shott Finance and Investments Treasurer, Melinda Testerman *Richard F. Ammar Sam Hill

Marie Blackwell Deborah Garton Craig Hammond Kermit Moore Cathy Corte Payne Mike Swatts Peter Taylor Daniel Wells *Cathy Zimmerman

Julie Johnson Kermit Moore Dan Shortridge Mike Swatts James H. Shott

Scholarships Committee Tom Chaffins, Chair Gene Bailey

*George Brooks Deborah Garton *Lisa Lineberry Cathy Corte Payne Mike Swatts Peter Taylor *Sharon Webster Daniel Wells *Cathy Zimmerman

Special Projects Marie Blackwell, Chair

Mary Jo Babbitt Kathleen Blaydes Mike Swatts James H. Shott

Nomination Committee Dan Shortridge, Chair; *Richard F. Ammar ; James H. Shott

* Community Member

SCHOLARSHIPS In the 2023 Scholarships Cycle, the Board of Directors of the Community Foundation of the Virginias, Inc. approved 199 scholarship awards from 47 endowed funds. These awards totaled $419,000.00. Seventy-nine graduating high school seniors from area high schools and two current college students received 150 awards; while 33 previous recipients qualified for renewals of their scholarships, with an additional 16 college designated awards given. The Foundation appreciates the diligence of the Scholarships Committee in reviewing and evaluating the applications and preparing the awards recommendations for the Foundation’s Board of Directors. Board Members serving on the Scholarship Committee are: Chairman Tom Chaffins, Gene Bailey, Deborah Garton, Cathy Corte Payne, and Peter Taylor, along with community members; Lisa Lineberry, Sharon Webster and Cathy Zimmerman.

Scholarships Awarded in 2023

Robert Austin Family Scholarship

5 Awards 1 Award 2 Awards 4 Awards 1 Award 4 Awards 3 Awards 4 Awards 4 Awards 1 Award 1 Award 2 Awards 1 Award 5 Awards 1 Award 2 Awards 1 Award 1 Award 2 Awards 1 Award 4 Awards 9 Awards 4 Awards 2 Awards 1 Award 1 Award 1 Award 4 Awards 3 Awards 3 Awards 1 Award 2 Awards 2 Awards 1 Award 1 Award 8 Awards 15 Awards 3 Awards 4 Awards 2 Awards 11 Awards 1 Award 2 Awards 1 Award 2 Awards 61 Awards 4 Awards

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Bluefield High School Class of 1963 Scholarship Fund

Bluefield High Schools' Alumni Fund

Jane Bobbitt Scholarship

Bovenizer Pharmacy Scholarship Endowment Don and Brenda Brohard Scholarship Alfred and Shirley Wampler Caudill Scholarship

Wayne Christian Scholarship

Cole Harley-Davidson Military and First Responder Iona Pauline Wilson Dooley Scholarship Fund • Lynn Marie Arnold Forlines Memorial Scholarship Fund

Graham High School Scholarship ER Gillespie Scholarship Grants Supermarket Scholarship

• C. B. and Ora Hunter Hancock Memorial Scholarship Fund Harmon Lodge #222 A.F. & A.M. Scholarship Lindsay Rebekah Haun Memorial Scholarship Joetta Collins Hooker Memorial Scholarship Foundation of Health Services of the Virginias, Inc. • Max L. and Virginia S. Kammer Family Scholarship Fund Ken and Rick Kendrick Scholarship Kendrick Bluefield State University Fund Kendrick Concord Scholarship Otis "Slim" Kidd Scholarship Fund Ralph H. and Shirley D. Kiser Family Scholarship Dr. David A. Kovach Family Scholarship William "Bill" Lineberry Memorial Scholarship Fund Alex Mahood Civitan Scholarship Sue Mandeville Scholarship Mary Ellen and Ralph McCue Scholarship Marsha A. Mead, PhD. Scholarship Endowment Cyrus Leroy and Blanche Mae Nicholson Scholarship Lauren Alexis Perdue Memorial Scholarship Ann and Geno Preservati Scholarship James C. Ramey, Sr. Memorial Scholarship Roy R. Raub, M.D. Memorial Scholarship Joshua Lee Shutt Memorial Scholarship William G. Skewes Memorial Scholarship Dr. Margaret "Trika" Smith-Burke Scholarship James and Rebecca Steorts Scholarship Fund Ann and Luke Tabor Memorial Scholarship Fund Lil' Tony Webster "Forever 5" Scholarship Maurice and Grace Hanna Weinberg Scholarship Doctor Jack Walter Witten Scholarship Fund Marshall Miller Scholarship Rose Sinicrope Scholarship Unrestricted Fund

FUNDS WITHIN THE FOUNDATION A fund can be established with $10,000 in a single contribution or in installments over a five-year period. Contributions can be made in any amount to the listed funds. American Electric Power Community Service Fund – For health, hunger and housing Ammar Family Memorial Fund – For beatification in the City of Bluefield, WV Anonymous Fund – For Community needs Robert Austin Family Scholarship Fund – For students attending Bluefield University Bailey Fund for the Historic Crab Orchard Museum – Supports Crab Orchard Museum Fannie Kate And Betty Gardner Bailey Fund – Supports organizations that care for cats B. G. “Bev” And Rachel Blalock Family Fund – Supports “Bible in the Schools” Bluefield University Fund – Scholarship assistance for Mercer and Tazewell County Bluefield Daily Telegraph Literacy Fund – For literacy initiatives Bluefield High School Endowment Fund – Supports all facets of BHS Bluefield High Schools’ Alumni Fund – Scholarship assistance for BHS seniors BHS Class Of ’56 Fund – For emergency needs of BHS Bluefield High School Class Of 1963 Scholarship Fund – Scholarship assistance Jane Bobbitt Scholarship Fund – For PHS seniors majoring in nursing Ghia M. Borg Memorial Fund – For human needs Bovenizer Pharmacy Scholarship Endowment – Provides for pharmacy scholarships Pat And Harold Brewster Memorial Fund – Support for Mercer Co. Humane Society Don And Brenda Brohard Scholarship Fund – PHS scholarship assistance for seniors Charles And Rebecca Carter Fund – To assist abused children Alfred And Shirley Wampler Caudill Endowment Fund – Supports educational activities Alfred And Shirley Wampler Caudill Scholarship Fund – Scholarship assistance Wayne Christian Scholarship Fund – For PHS seniors majoring in healthcare Vain Colby Rising Star Memorial Scholarship Fund – Scholarship assistance for performing arts Tom Colley Memorial Fund – Support for the Center for International Understanding Community Action Grant Fund – Supports community growth Community Foundation of The Virginias Administrative Fund – To defray expenses Cole Harley-Davidson Military and First Responders Scholarship Fund – Scholarship assistance for children of first responders or military personnel Iona Pauline Wilson Dooley Scholarship Fund – Medical field scholarship assistance Larry And Patsy Douglas Scholarship Fund – Scholarship assistance William D. Evans Fund – For community betterment Ruth Creasy And A. Elmo Fleshman Fund – Support for female youth June Hearn Fletcher and Jack A. Fletcher Scholarship Fund – Scholarship assistance Lynn Marie Arnold Forlines Memorial Scholarship Fund – Scholarship assistance for students attending Marshall University E.R. Gillespie Scholarship Fund – Scholarship assistance for Shell Oil affiliation G.P., Inc. Fund – Support of United Methodist family services Garton-Butler Scholarship Fund – Scholarship assistance for college or tech school Glenwood Park Foundation, Inc. Fund – Support for the elderly Graham High School Scholarship Fund – Scholarship assistance for GHS seniors Grants Supermarket Fund – Scholarship assistance for Grants affiliation C. B. And Ora Hunter Hancock Memorial Scholarship Fund – Scholarship assistance for BHS seniors Harman Lodge #222, A.F. & A.M. Scholarship Fund – Scholarship assistance for Lodge affiliations

Harvest Blessings Fund – For organizations supporting Christian activities Lindsay Rebekah Haun Memorial Scholarship Fund – Scholarship assistance for PHS performing arts students Foundation Of Health Services of The Virginias, Inc. Fund – Scholarship assistance for students majoring in healthcare Hebrew Cemetery Fund – For maintenance of the Hebrew Cemetery Ed And Doris Hooker American History Fund – Financial Award for seniors at River View High School and Mount View High School Joetta Collins Hooker Memorial Scholarship Fund – Scholarship assistance for River View and Mount View High seniors majoring in education Max L. And Virginia S. Kammer Family Scholarship Fund – Scholarship assistance for students attending WVU Judge Jerome and Hilda R. Katz Memorial Fund – To benefit youth Kendrick Scholarship Fund – Scholarship assistance for athletes at Concord University Kendrick Bluefield State University Fund – Scholarship assistance for athletes at BSU Ken And Rick Kendrick Scholarship Fund – Scholarship assistance for PHS bus. majors Otis “Slim” Kidd Scholarship Fund – Scholarship assistance for welding training Ralph H. And Shirley D. Kiser Family Scholarship Fund – Scholarship assistance for students in the BU Ministerial program Dr. David A. Kovach Family Scholarship Fund – Scholarship assistance for GHS seniors Alan Light Memorial Fund – Bluefield Elks #269 – New Fund Janie Poteet Light Fund for Art Studies – To support artistic ambitions Alex B. Mahood, Jr. Scholarship Fund – Scholarship assistance for GHS and BHS students Sue Mandeville Scholarship Fund – Assistance for PHS seniors majoring in nursing Bill And Juanita Marrs Endowment Fund for The Two Virginias – For scholarship assistance and/or to provide financial assistance to non-profit organizations Mary Ellen And Ralph McCue Scholarship Fund – Scholarship assistance for BHS Fund For Mercer County – For service to low-income Mercer County residents Marshall Miller Scholarship Fund – Scholarship assistance for engineering/geology Sandra Gayle Monk Memorial Fund – Benefits handicapped citizens of Mercer County Mountain Heart Foundation Donor Designated Fund – Financial assistance for children with heart disease to attend Camp Mountain Heart Sylvester C. And Janice M. Myers Fund – Support for the Wade Center Charles E. And Jerry Ann Myles Fund – Support for Mercer Charitable Clinic Susanne Nelson Ph.D., Scholarship Fund – Scholarship assistance for PHS seniors Cyrus Leroy And Blanche Mae Nicholson Scholarship Fund – Scholarship assistance for students majoring in agriculture or art Helen Louise Payne and Henry Pleasant Cofer Fund for Bluefield, WV – Benefits Bluefield, WV Lauren Alexis Perdue Memorial Scholarship Fund – Scholarship assistance to BHS Perkinson Family Fund – Supports youth projects Charles A. And Marjorie M. Peters Fund – Unrestricted Anne And Geno Preservati Scholarship Fund – Scholarship assistance for studies in mechanics or accounting William “Bill” Lineberry Memorial Scholarship Fund – Scholarship assistance for the study of Automotive Technology Marsha A. Mead, Ph.D. Scholarship Endowment – Scholarship assistance for psychology majors of BU

Quota Club of South Bluefield Foundation Fund – Promotes health and welfare of women and children

James C. Ramey, Sr. Memorial Scholarship Fund – Scholarship assistance Roy R. Raub, Md Memorial Scholarship Fund – Scholarship assistance

Ridge Runner Fund – For upkeep of the Ridge Runner Train Rotary Club of Bluefield, WW Donor Designated Fund – Unrestricted Bonnie R. Shott Fund – For support of the fine arts Jeffrey Edward Shott Memorial Fund – To benefit the youth of the area Joshua Lee Shutt Memorial Fund – Scholarship assistance for PHS seniors and/or to aid the youth in Mercer County Rose Sinicrope Scholarship Fund – Scholarship assistance for members of Sacred Heart Catholic Church William G. Skewes Memorial Scholarship Fund – Scholarship assistances for engineering Michael Christopher Smith Memorial Fund – Support for the community, historic and child benefit projects in the area Margaret “Trika” Smith-Burke Scholarship Fund – Scholarship assistance for RHS James And Rebecca Steorts Scholarship Fund – Scholarship assistance for students Warren Ashby And Elizabeth Featherstone Thornhill Memorial Fund – Unrestricted Trails At Bluefield City Park Fund – Provides maintenance/upkeep for the trails Unrestricted Fund – Unrestricted use to benefit the communities Mary June Wall Charitable Fund – To assist those with mental disabilities Lil Tony Webster “Forever 5” Scholarship Fund – Scholarship assistance for Mercer Co. Maurice And Grace Hanna Weinberg Scholarship Fund – Scholarship assistance Doctor Jack Walter Witten Scholarship Fund – Scholarship assistance for THS Yakkity-Yak Playground Fund – Provides maintenance/upkeep for playground attending Concord University majoring in business or English Anne And Luke Tabor Memorial Scholarship Fund – Scholarship assistance for athletes at Concord University

Financial Statements are available upon written request from:

Commonwealth of Virginia State Office of Consumer Affairs P.O. Box 1163 Richmond, VA 23218

State of West Virginia Secretary of State Building 1, Suite 157-K 1900 Kanawha Blvd. Charleston, WV 25305

ENDOWMENT FUND OPTIONS

Individuals, families or groups may wish to establish a permanent endowment fund. Donors may select the type of fund that best suits their charitable interests, name the fund, and determine how to fund it. A minimum of $10,000 is required to establish a fund. BUILD-A-FUND The Foundation’s Build-A-Fund option enables donors to develop a charitable fund over time. This opens the door to those who would like to give back to the community, but have felt philanthropy was out of reach. The fund is established by making tax-deductible contributions of $2,000 or more for up to five years. UNRESTRICTED This type of fund provides the Board of Directors the most latitude and flexibility in responding to changing community needs in the broadest areas of charitable interests for the present and future. FIELD-OF-INTEREST This type of fund addresses the particular areas of charitable interest or needs of the donor, but does not limit grants to a particular nonprofit organization. DONOR-DESIGNATED This type of fund allows donors to name one or more specific nonprofit charitable organizations or area of need to receive grants from the fund. DONOR-ADVISED This type of fund allows donors or an appointed Advisory Committee to make periodic recommendations for grant distributions from the fund. ORGANIZATION ENDOWMENT This type of fund allows nonprofit organizations to establish a named permanent endowment fund for their own benefit within the Foundation, rather than establishing and managing a separate fund or foundation. SCHOLARSHIP This type of fund provides opportunities for donors to aid area students in furthering their education. GIVING OPTIONS The simplest way to make a gift to the Foundation is with cash, however, there are many giving options available to make a lasting contribution to the community.

APPRECIATED SECURITIES With a gift of appreciated securities (stocks and bonds), you avoid the capital gains tax that would be imposed if you sell the securities yourself, and you can take an income tax deduction. OTHER APPRECIATED ASSETS Please contact the Foundation to discuss gifts of closely held stock, real estate, or other appreciated assets. BEQUESTS Establishing a fund at the Foundation is a popular planning technique. Designate a certain amount or percentage of your estate to the Foundation. Such bequests are usually fully deductible under estate and inheritance laws. The Foundation will work with your attorney to establish your bequest. PRIVATE FOUNDATION TRANSFER Managing a family or private foundation can sometimes prove costly and difficult. The assets of a private foundation can be transferred to the Foundation where its identity and purpose can be maintained. Family members can serve as advisors, and the fund is relieved of excise taxes and other requirements. DEFERRED GIFTS Gifts of life insurance, gifts from retirement accounts, charitable gift annuities, charitable remainder trusts, and charitable lead trusts are among the many ways to create a fund that carries out your charitable interest. Please consult your tax and legal advisors for additional information.

Assets

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

$14,101,906

$12,816,364

$15,537,483

$13,587,432

$12,112,099

$9,972,820

$8,130,277

$6,505,073

$5,012,617 $5,041,462

$4,354,691

$0

$5

$10

$15

$20

Millions

STATEMENTS OF FINANCIAL POSITION

Community Foundation of the Virginias, Inc. STATEMENTS OF FINANCIAL POSITION Years ended December 31, 2023 and 2022

2023

2022

Totals

Totals

ASSETS Cash and cash equivalents

$ 773,605

$ 329,124

Interest and dividends receivable

29,235

16,834

Investments

13,087,164

12,488,962

Property and equipment, net of accumulated depreciation

221,358

231,458

$14,111,362

$13,066,378

LIABILITIES AND NET ASSETS

LIABILITIES Accounts payable

8,075

-

Amount held on behalf of others

415

415

Other payables

966 9,456

980

1,395

NET ASSETS Net assets without donor restrictions Net assets with donor restrictions

$ 380,332 $ 13,721,574 $ 14,101,906

$ 532,236 $ 12,532,747 $ 13,064,983

$ 14,111,362

$ 13,066,378

STATEMENTS OFACTIVITIES

Community Foundation of the Virginias, Inc. STATEMENTS OF ACTIVITIES Years ended December 31, 2023 and 2022

2023

2022

Totals

Totals

REVENUES, GAINS AND OTHER SUPPORT Contributions

$ 405,163

$ 220,135

Rental Income

3,000

3,000

Interest and Dividend Income

339,527

331,064

Net realized and unrealized gains (losses) on investments

1,476,564

(2,341,964)

Total revenues, gains and other support

2,224,254

(1,787,765)

EXPENSES Management and general

94,467

69,969

Scholarships

454,536

437,049

Grants

638,328

426,009

Total Expenses

1,187,331

933,027

Change in net assets

1,036,923

(2,720,792)

NET ASSETS Beginning

$ 13,064,983

$ 15,785,775

Ending

$ 14,101,906

$ 13,064,983

In Memory of Three Long Time Board Members This year has been a year of sorrow, as three long-time devoted friends of the Foundation passed away. Their contributions to the Foundation are immeasurable, and they will be missed. Richard F. Ammar – Richard was a founding member of the predecessor of the

Community Foundation, the Bluefield Area Foundation, in 1993. He served as its president for seven years, and from then until his death he was active in the operation of the Foundation, serving on the Finance and Investment Committee and other committees for many

years. He was involved in starting two endowed funds with the Foundation, “The Ammar Family Memorial Fund” supporting beautification projects in Bluefield, and “The BHS Class of ‘56 Fund” that provided funding for the needs of Bluefield High School. He was also an annual contributor to the Foundation. Richard was 85 years old. Nick Ameli, Jr. – Nick formally joined the Bluefield Area Foundation, in 1997, which was the predecessor of the Community Foundation. He served on its Board of Directors until 2003, and also served as the Foundation president from 2001 to 2003. He began serving on the Finance and Investment Committee in 2002, and served on it until last year. Nick also served on other committees through the years. He was well known as the emcee at the Foundation’s Annual Dinner, a job he was kind enough to perform for many years. He was also a devoted contributor to the Foundation. Nick passed away in May at age 84. Betty Gardner Bailey – Betty was one of those people involved in the Community Foundation’s predecessor, the Bluefield Area Foundation, when she brought expertise from previous positions she had held to the new organization. Her knowledge was an important contribution in those early years. She began serving on the Board of Directors in 1993, the year the Foundation was formed. She held the position of corporate secretary from 1995 until 2022. Betty also chaired the Grants Committee for several years. She also formed one of the first funds within the Foundation, focused on supporting the arts and humanities in the area. She passed away in January at the age of 100.

“Serving the Community Since 1993”

The Community Foundation of the Virginias recently marked a significant milestone, celebrating three decades of dedicated service and community development. In honor of this anniversary, we launched the "30 for 30" campaign, an initiative that invited the community to partake in the spirit of giving, suggesting a modest donation of one dollar for each year of the Foundation's impactful presence. The response was heartwarming, with contributions amounting to $7,400. The campaign's success was further amplified by the generous matching donation from Norfolk Southern Corporation , doubling the total to $14,800 . This act of corporate partnership not only bolstered the campaign's outcome but also underscored the shared commitment to fostering community growth. The Foundation expressed gratitude for every contribution, acknowledging that each donation represents a shared belief in our mission and a collective investment in the community's future. The "30 for 30" campaign stands as a testament to the power of community collaboration and the enduring impact of sustained philanthropic efforts.

Foundation History

T

he Community Foundation of the Virginias, Inc. was formed by a merger of the Bluefield Area Foundation and the Greater Mercer County Charitable Foundation in June 2002. This joining together of talent, ideas, energy, and resources allowed the Foundation to better and more fully serve the residents of Mercer County, WV and Tazewell County, VA. Each of the organizations had a strong and established history of serving the charitable needs of the community. The Bluefield Area Foundation was established in 1993 and had experienced sustained growth due to the dedication and leadership of Foundation volunteer directors. A wide variety of non-profit organizations, providing health, human services, educational, and cultural programs, have directly benefited from grants awarded from the Foundation. The Greater Mercer County Charitable Foundation was founded in 1998. It was established to address the changing and varied needs of the community, and to provide assistance in the areas of education, the arts, health services, human services, and recreation, and to provide a number of college scholarships to area students. The efforts of the GMCCF have enhanced and improved the Greater Mercer County area. In March 2003, the Community Foundation of the Virginias announced the first grant recipients of the newly formed organization. The awards were made utilizing a competitive grants program and were administered by the Grants Committee. This committee was comprised of Foundation Directors and community members. Through the Grants Cycle in 2023, the Foundation’s Grants and Scholarships Programs have awarded over $5,635,000 to its communities. These awards have benefited a wide variety of programs, individuals, organizations, schools, and service groups. The flexibility of the Community Foundation ensures that the best programs and organizations continue to receive funding, while allowing for support of new programs and ideas as the community evolves. Philanthropic efforts are available to all through the Community Foundation of the Virginias. By pooling assets, supporters of all financial levels can join in support of their community. The Foundation provides an array of giving opportunities: memorial gifts, honorary donations, the establishment of new funds for named individuals or causes, legacy gifts through donations from estate planning, as well as monetary gifts of all sizes. The Community Foundation of the Virginias is just one example of the communities in Mercer and Tazewell counties joining together with the common goal of community improvement for all. Through the combined efforts of all area citizens, the community continues to grow and improve for today and the generations of tomorrow.