The Community Foundation of the New River Valley Annual Report 2024-2025

the Montgomery-Floyd Regional Library, New River Community College, the Salvation Army of the New River Valley, and the Women’s Resource Center for the New River Valley. The Watsons retired to the New River Valley decades ago and wanted to give back to the community that welcomed them so warmly. They lived modestly during their lifetimes, establishing the endowment through a revocable trust after their deaths. It will be the largest single gift made to the CFNRV in its 30-year history at more than $1.7 million, and will provide flexible, annual dollars to these organizations. Diversifying Revenue Streams Whether established by a nonprofit or a dedicated donor, a designated fund can help ease the organization’s annual fundraising burden and diversify its revenue streams beyond immediate gifts and grants. The designated nonprofit does not need to submit an application for a grant from their fund. Rather, the CFNRV team does basic due diligence, then issues a check each year to be used in support of the organization’s programs and operations. A complete list of designated funds is included in this annual report, demonstrating the wide range of organizations that benefit each year.

Community members enjoying the FCA. Above: blacksmithing demonstration; below: basket weaving class.

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