Community Foundation for a greater Richmond
| Abbreviation | TCF |
|---|---|
| Established | 1968[1] |
| Type | Non-profit organization |
| 23-7009135 | |
| Focus | Make the Richmond region a better place through bold solutions and inspired philanthropy, including: Community Vibrancy, Economic Prosperity, Educational Success, and Health and Wellness. |
| Headquarters | Richmond, Virginia |
| Method | Donations and Grants |
President and CEO | Ms. Sherrie Armstrong |
| |
Revenue (2019) | $186 million[2] |
| Disbursements | $81 million (2019) [2] |
| Endowment (2019) | $1 Billion [2] |
Staff | 46 (2019) |
| Website | https://www.cfrichmond.org |
The Community Foundation for a greater Richmond is a Community foundation that serves the Richmond, Virginia area and surrounding counties. It also seeks to assist smaller, rural communities, helping found and support three regional Community Foundation affiliates in Virginia's Northern Neck and Middle Peninsula. Of the approximately 700 Community Foundations in the United States, Richmond's is one of the largest with assets exceeding $1 billion and annual disbursements of $81 million (2019)[2]
Grantmaking and Programs[edit]
Grantmaking typically falls into two broad categories:
- Awards made through an open, competitive application process and supported by unrestricted gifts, using results-based criteria.
- Donor-advised grants supported by designated and agency endowment funds.[3]
Community Impact Grants are made through a competitive process and support nonprofits “whose strategies and outcomes align with the [foundation’s]...focus areas of community vibrancy economic prosperity, educational success, and health and wellness.[4]
Strategic focus[edit]
The foundation's grantmaking generally addresses four areas: building a healthy and vibrant region that offers economic and cultural prosperity for its residents.
- Education: Academic success, community engagement, and workforce preparation.
- Health & Wellness: A safe and healthy community.
- Cultural Vibrancy: Foster access to and an appreciation for arts and cultural activities.
- Partnerships: Jenkins Foundation, Sheltering Arms Fund, Medarva Foundation Fund
- Economic Prosperity: Economically security and stability through sustainable resources
Donor-advised funds or designated funds may support goals of the donor, including religious initiatives.[3]
Education grants[edit]
Each year TCF and the R.E.B. Foundation (a regional educational board) chooses 15–20 educators to receive grants for specific educational enrichment pursuits, such as traveling to and researching an aspect of a foreign country, its culture or a historic event, academic or athletic practices, or foreign languages. Grants typically range from $7400 to $12000. A second set of finalists is awarded unrestricted grants of $750. In 2020, the total of such grants was approximately $200,000.[5]
Annual giving and cooperative grants[edit]
Through the diverse funds it administers, the Foundation provides small gifts to numerous local charities, such as Christmas Mothers.[6] The Foundation also leverages other charitable efforts, including the distribution of donated surplus agricultural products such as potatoes that are blemished.[7]
Regional initiatives[edit]
In 2020, the Foundation provided in-kind support for the launch of a "mega-region” collaboration called "RVA-757 Connects", focused on economic development in the Hampton Roads area of Virginia and backed by chambers of commerce and businesses.[8]
Volunteer coordination[edit]
In February of 2021, the Community Foundation launched a skills-based volunteering program, Skills Connect, which seeks to make it easier for individuals to find non-profits undertaking projects that require specific skills.[9]
Leadership initiatives[edit]
The Foundation may convene partners, public officials and entities, donors, and private stakeholders to undertake cross-sector initiatives. This may involve the sharing of information, aligning of resources, advocacy for expanding opportunity, and promotion to public on ways they can get involved toward specific purposes.[10] Beyond responsive grantmaking, staff endeavor to identify initiatives built on innovative and collaborative approaches.[3]
Areas served[edit]
- Chesterfield County
- Goochland County
- Hanover County
- Henrico County
- Hopewell
- Mathews County
- Metro Richmond
- Northern Neck
- Northumberland County
- Petersburg
- Powhatan County
- Richmond City
- Tri-Cities Region
Scholarships and awards[edit]
The foundation supports 68 scholarship funds which provide grants ranging from $500 to $6000, some of which are renewable.[12] These funds provide financial support to area students, helping them attain their postsecondary education goals. Some scholarships are also offered to adults.[3] Examples of scholarships criteria include interest in specific pursuits such as aeronautics, aerospace, or aviation; medicine or health care; and agriculture, farming, or land stewardships. Other criteria include being the child of a Richmond police officer, being African American and from specific school systems, autistic spectrum diagnosis, or a member of the Virginia Wrestling Association. However, most of the scholarships are for students attending specific high schools or are members of specific congregations.[12]
Response to COVID pandemic[edit]
In partnership with the Emergency Management Alliance of Central Virginia,[13] the Community Foundation activated a regional emergency management and disaster response fund in March of 2020. The fund raised in excess of $4.6M.[14] The relief effort included funds allocated for:
- Childcare through the FRIENDS Association for Children
- Emergency Childcare through the YMCA of Greater Richmond[15]
- Education through Bridging the Digital Divide in Schools
- Food access through Shalom Farms, the Greater Richmond Fit4Kids, and RPS Meals
- Health through the Daily Planet Health Services, the Cross Sector Coalition (manufacturing masks/PPE), regional mental health services for teens, and CrossOver Healthcare Ministry
- Housing through Partnership for Housing Affordability and ACTS
- Latino community through the Sacred Heart Center[16]
Racial justice[edit]
In November of 2020, the Community Foundation in partnership with the Richmond-based SisterFund and Ujima Legacy Fund established the Amandla Fund for Social and Racial Justice[lower-alpha 1] with $1M in seed donations from local corporations. It's goal is to mobilize long-term investments to strengthen the Black community.[17][18][19]
Affiliated foundations[edit]
The Foundation works closely with other regional Community Foundations including the Gloucester Community Foundation, Mathews Community Foundation, River Counties Community Foundation, and the Jenkins Foundation.[20]
Publications[edit]
The Foundation publishes a range of issue, impact analysis, and annual reports. For example, in the fall of 2020, the Foundation released a report entitled "Giving Black Greater Richmond: The Legacy of Black Ingenuity & Collective Power" and released summer and winter COVID-19 Response Fund Overview reports.[21]
External links[edit]
- Official website
- Official LinkedIn page
- Official Facebook page
- Event postings on Eventbrite
- Gloucester Community Foundation
- Mathews Community Foundation
- River Counties Community Foundation
- Jenkins Foundation
Further reading[edit]
"What Is a Community Foundation?". Retrieved 7 October 2020.
References[edit]
- ↑ "Community Foundation for a greater Richmond, Our Story". Retrieved 5 October 2020.
- ↑ 2.0 2.1 2.2 2.3 "Community Foundation for a greater Richmond, Investments & Financials". Retrieved 4 October 2020.
- ↑ 3.0 3.1 3.2 3.3 Cite error: Invalid
<ref>tag; no text was provided for refs namedCFGR-Guidestar - ↑ "Community Foundation for a Greater Richmond". globalnpo.org. Retrieved 17 March 2021.
- ↑ "The Community Foundation and R.E.B. Foundation announce recipients of 2020 R.E.B. Awards for Teaching Excellence". www.cfrichmond.org. Retrieved 28 March 2021.
- ↑ "Richmond Christmas Mother Fund 2020". Richmond Times Dispatch. 3 Jan 2021. Retrieved 28 March 2021.
- ↑ Church, A. (4 December 2020). "Society of St. Andrew bags 20,000 pounds of potatoes to give to Richmonders in need". Richmond Times Dispatch. Retrieved 28 March 2021.
- ↑ Blackwell, John Reid (29 October 2020). "New mega-region group plans collaboration on economic development in Richmond and Hampton Roads". Richmond Times Dispatch. Retrieved 28 March 2021.
- ↑ "All News: Community Foundation launches pilot program for skills-based volunteering". www.cfrichmond.org. 18 February 2021. Retrieved 28 March 2021.
- ↑ "Connecting the champions of our community". www.cfrichmond.org. Retrieved 25 March 2021.
- ↑ "Community Foundation for a greater Richmond". www.connectva.org. Retrieved 16 Dec 2020.
- ↑ 12.0 12.1 "Community Foundation for a Greater Richmond, Scholarships". www.cfrichmond.org. Retrieved 24 March 2021.
- ↑ "The Emergency Management Alliance of Central Virginia, Part of the Regional Commission". www.planrva.org. Retrieved 17 Dec 2020.
- ↑ "Central Virginia COVID-19 Response Fund". www.yourunitedway.org. Retrieved 17 Dec 2020.
- ↑ "City and community partners to launch emergency childcare centers for essential personnel". Richmond Virginia Virtual City Hall. Retrieved 14 July 2021.
- ↑ "Central Virginia COVID-19 Response Fund". cfrichmond.org. Retrieved 23 March 2021.
- ↑ "Amandla Fund for Social and Racial Justice". cfrichmond.org. Retrieved 18 Jan 2021.
- ↑ "Richmond organizations raise $1M for new racial justice fund". apnews.com. 30 November 2020. Retrieved 19 Dec 2020.
- ↑ Hunter, Kenya (29 November 2020). "Black leaders in Richmond raise $1 million to address structural racism". Richmond.com. Retrieved 23 Mar 2021.
- ↑ "Community Foundation for a Greater Richmond". www.cfrichmond.org. Retrieved 24 March 2021.
- ↑ "Publications and Reports". Community Foundation for a greater Richmond. Retrieved 28 Mar 2021.
Notes[edit]
- ↑ Pronounced "ah-MOND-la," the Amandla Fund derives its name from the Nguni word for "power and strength", a term used by the African National Congress during apartheid.
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