The FAV accepts gifts of any size and many types of assets other than cash can be used to make a gift.
Making gifts
How donors make gifts
Some donors make gifts to the FAV to directly fund project grants. More often, donors give to the FAV to establish permanent endowed funds to support project grants to address community needs over time.
Gifts made to endowed funds are not spent but invested for long-term growth. Each year, some of the earnings from the endowed fund are disbursed as grants to fulfill the fund’s purpose. As the invested balance grows, more funding is available for distribution over time.
What's right for you?
Explore all types of funds
The minimum to establish an endowed fund ($5,000) does not need to be contributed at one time and a donor has three years to meet the minimum. A donor can give to a campaign/special projects fund (described below) until the fund reaches $5,000 or more. At that time, the accumulated gifts can be used to establish a new endowment for purposes specified by the donor or granted for a specific purpose.
The FAV was created to administer many kinds of endowed funds established by many donors.
If you have questions about the types of endowed funds the FAV administers as described below, please feel free to contact Donna Stanley at the FAV by email at appalachian.va@gmail.com or by phone at (276) 565-8384.
The Southwest Virginia Fund Fund for Southwest Virginia is an unrestricted fund supporting emerging or community needs and administrative costs of the foundation. One of the uses of the Southwest Virginia fund may be for disaster relief, for example.
Minimum gift
A gift of any size can be made to the endowed Fund for Southwest Virginia, which is not endowed.
Who it serves
The Southwest Virginia Fund supports a wide variety of community needs that cannot be supported with restricted funds.
Why it matters
Gifts to the Fund for Southwest Virginia enable the FAV to support a wider variety of community needs and ensures more services are funded over time.
Who it's for
Unrestricted funds support strategic initiatives and emerging needs that would otherwise not receive funding.
Minimum gift
$5,000
Who it serves
Unrestricted endowments provide the foundation board more flexibility in grant-making.
Why it matters
Unrestriced endowments provide the foundation more predictable support in responding to a wide variety of community needs.
Who it's for
Fund is directed to support specific areas of need that have meaning to the donors: arts, education, health and human services, animal welfare, etc.
Minimum gift
$5,000
Who it serves
You determine the area of charitable interest to be supported by your fund. The FAV distributes grants according to the interest(s) that are donor- specified.
Why it matters
You can support the causes you care about today, but also make sure they are taken care of in the years to come.
Who it's for
Fund is created to support one or more named charities as designated by the donor.
Minimum gift
$5,000
Who it serves
Causes/non-profits specified in a Fund Agreement
Why it matters
Easy way to support your favorite charity(ies) in perpetuity
Who it's for
Donor or someone named by the donor makes grant recommendations from the fund to support various charitable organization(s)
Minimum gift
$5,000
Who it serves
Can be used to benefits multiple charities through the creation of a single fund. Involve your family in philanthropy- you can name children and grandchildren to your fund’s Advisory Committee and provide hands-on experience in charitable giving.
Why it matters
Easy and effective way to meet your and your family’s philanthropic goals and leave a legacy for future generations.
Who it's for
Nonprofits may create an endowment fund and receive annual grants from the fund while the corpus continues to grow.
Minimum gift
$5,000
Who it serves
Nonprofits diversify their annual funding by creating an endowment without the cost/personnel/legal requirements associated with creating and managing a foundation.
Why it matters
Enables board members and staff to focus on the organization’s mission and endowment building while the FAV focuses on the investment of the endowment.
Who it's for
Funds to assist youth and adults wishing to pursue higher education
Minimum gift
$10,000
Who it serves
Supports the education of students who meet scholarship criteria.
Why it matters
Deserving students receive financial assistance and academic recognition.
Who it's for
People or organizations who want to honor family members, friends and colleagues
Minimum gift
$5,000
Who it serves
Celebrate someone important to you with a fund that multiple donors can easily support over time.
Why it matters
You, your family and friends can honor a loved one through charitable giving and the FAV takes care of gift acknowledgements and managing the funds.
Who it's for
A temporary fund created for an event or until the fund meets the requirements and minimums to become a permanent fund.
Minimum gift
No minimum
Questions?
Get in touch with the FAV Executive Director
If you would like to learn more about establishing a fund through the Foundation for Appalachian Virginia, contact Donna Stanley, Executive Director, for more information and to receive a copy of the Foundation’s Gift Acceptance Policy.
