The Community Foundation of the NRV 2022 2023 Annual Report

CFNRV GRANTMAKING: BEYOND THE APPLICATION Among the most visible ways that the CFNRV makes a difference is through grantmaking, particularly the Responsive Grant Program, to which nonprofits apply each year. But Responsive Grants made up just over half of grants awarded in 2022. Beyond the application, the CFNRV awards grants through designated funds and in partnership with donor advisors to support specific programs in all areas of community life. agencies, and more. The flexibility these funds offer, together with the peace of mind that comes with knowing the CFNRV vets each grant recipient, are among the many reasons donors choose to establish endowments with the CFNRV. For more information on the many ways the CFNRV awards grants, visit cfnrv.org/grants or email cfnrv@cfnrv.org.

Designated funds are created by individual donors or organizations to benefit a specific nonprofit. The donor designates one or two organizations to receive an annual grant from the endowment, and the CFNRV simply cuts a check each spring. For nonprofits, it’s a reliable source of annual income and a way to attract donors who may wish to make a major gift or an estate gift that will last for generations. The CFNRV also awards grants through donor advised funds. These funds allow an individual, family, organization, or business to both set the purpose of the fund and to recommend the specific organizations that receive a grant each year. In recent years, donors who have considered establishing a private foundation instead turn to the CFNRV to establish a donor-advised fund. It provides significant control for the donor, while limiting the costs and administrative burden that come with a private foundation. The grantmaking process is simple. Donors contact the CFNRV to recommend a grant be made to a specific nonprofit. The CFNRV conducts due diligence to ensure that organization is a qualified charitable organization in good standing, and we issue a check. Some of the CFNRV’s largest grants are awarded through this process benefitting local schools, literacy programs, food assistance

GRANTMAKING IN 2022 $208,367 RESPONSIVE GRANT PROGRAM

$150,875 DONOR-ADVISED FUND GRANTS

$39,444 DESIGNATED FUND GRANTS

7

THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY