Community Foundation Of The Rappahannock River Region Inc

Organization Overview

Community Foundation Of The Rappahannock River Region Inc is located in Fredericksburg, VA. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of The Rappahannock River Region Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Rappahannock River Region Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Community Foundation Of The Rappahannock River Region Inc generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Community Foundation Of The Rappahannock River Region Inc has awarded 558 individual grants totaling $10,558,294. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE COMMUNITY FOUNDATION IS A DEVOTED ADVOCATE FOR THE VITALITY AND WELL- BEING OF THE RAPPAHANNOCK RIVER REGION. (CONTINUED IN SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS PROUD RESIDENTS OF THE RAPPAHANNOCK RIVER REGION, THE COMMUNITY FOUNDATION SHARES A COMMON VISION: WE LOVE OUR COMMUNITY. WE KNOW THAT STRONG, SUSTAINABLE NONPROFIT ORGANIZATIONS HAVE AN IMMEASURABLE IMPACT ON THE COMMUNITIES THEY SERVE. OUR LOCAL COMMUNITIES FACE REAL CHALLENGES, AND THE SOLUTIONS ARE NOT SIMPLE, YET WE BELIEVE STRONGLY IN THE VALUE AND THE POTENTIAL OF OUR AREA. THE COMMUNITY FOUNDATION OF THE RAPPAHANNOCK RIVER REGION OFFERS A POWERFUL WAY TO OFFER HELP THROUGH THE COMMUNITY FUND. DIRECTED BY THE FOUNDATION'S BOARD OF GOVERNORS, IT WAS DESIGNED SUCH THAT IT CAN BE RE-TARGETED EACH YEAR IN RESPONSE TO THE MOST PROMISING OPPORTUNITIES FOR IMPACT. (CONTINUED IN SCHEDULE O)


THE COMMUNITY FOUNDATION BELIEVES SUPPORTING EDUCATION IS ONE OF THE GREATEST INVESTMENTS WE CAN MAKE IN OUR COMMUNITY. EACH YEAR, OUR 45+ SCHOLARSHIP FUNDS MAKE AWARDS TO 50+ STUDENTS PURSUING THEIR DREAMS. WE ARE HONORED TO SUPPORT OUR REGION'S YOUTH ON THEIR WAY TO BECOMING OUR FUTURE LEADERS, SCHOLARS AND WORKFORCE. UNDERLYING EVERY COMMUNITY FOUNDATION SCHOLARSHIP FUND IS THE BELIEF THAT HIGHER EDUCATION IS A VITAL INVESTMENT IN OUR REGION'S FUTURE. SCHOLARSHIPS REPRESENT SO MUCH TO OUR AREA'S STUDENTS - THEY ARE A TANGIBLE, FINANCIAL SUPPORT FOR THEIR FUTURES, AND THE DEMONSTRATION THAT THEIR COMMUNITY BELIEVES IN THE IMPORTANCE OF INVESTING IN THE SUCCESS OF OUR AREA'S YOUTH. (CONTINUED IN SCHEDULE O)


IN JANUARY 2021, THE COMMUNITY FOUNDATION ESTABLISHED THE NONPROFIT LEADERSHIP COHORT, A GROUP OF NONPROFITS COMMITTED TO A THRIVING, EQUITABLE AND MORE RESILIENT REGION. OUR FOCUS WAS TO ENHANCE OUR REGIONAL SECTOR'S SHARED EFFECTIVENESS, CAPACITY AND SUSTAINABILITY TO BETTER SERVE THE COMMUNITY. OUT OF THIS WORK CAME THREE PRIORITIES: STRENGTHEN THE CAPACITY OF THE NONPROFITS SERVING OUR REGION THROUGH TRAINING AND PROFESSIONAL DEVELOPMENT; BRING MORE NONPROFIT ORGANIZATIONS TO THE TABLE AND CREATE NEW WAYS TO ENGAGE AND CONNECT AS A SECTOR; AND BUILD AWARENESS ABOUT THE WORK AND IMPACT OF NONPROFITS WITHIN OUR ORGANIZATIONS, AND THROUGHOUT THE COMMUNITY.(CONTINUED IN SCHEDULE O)


THE COMMUNITY FOUNDATION MAKES PERSONAL PHILANTHROPY FLEXIBLE, EASY AND EFFECTIVE. THE FOUNDATION CONVENES LOCAL LEADERS AND OFFERS SPECIALIZED SERVICES TO ENSURE CHARITABLE GIVING IS AS EFFECTIVE AS POSSIBLE. THE FOUNDATION PROVIDES GENEROUS PEOPLE WITH HIGH LEVEL STRATEGIC THINKING ON WAYS TO MEET COMMUNITY CHALLENGES. BY ENDOWING CONTRIBUTIONS FOR CHARITABLE PURPOSES, THE COMMUNITY FOUNDATION IS BUILDING A SIGNIFICANT, PERMANENT SOURCE OF SUPPORT FOR THE COMMUNITY NOW AND INTO THE FUTURE. EXAMPLES OF CHARITABLE FUND IMPACT INCLUDE: -THE FREDERICKSBURG SAVINGS CHARITABLE FUND SUPPORTS NONPROFITS WITH GENERAL OPERATING SUPPORT INCLUDING COMMUNITY DEVELOPMENT, HOUSING ASSISTANCE, SCHOLARSHIPS, LOCAL EDUCATION, MEDICAL FACILITIES, COMMUNITY GROUPS, CULTURAL ORGANIZATIONS AND OTHER SIMILAR TYPES OF ORGANIZATIONS AND CIVIC-MINDED PROJECTS THAT CONTRIBUTE TO THE QUALITY OF LIFE IN THE COUNTIES OF CAROLINE, KING GEORGE, SPOTSYLVANIA AND STAFFORD AND THE CITY OF FREDERICKSBURG. -THE DUFF MCDUFF GREEN, JR. FUND SUPPORTS PROGRAMS IN THE REGION THAT: 1) PROMOTE RECREATION OPPORTUNITIES IN THE COMMUNITY, 2) BENEFIT OUR REGION'S YOUTH, AND 3) ADVANCE LOCAL HISTORIC/CULTURAL PRESERVATION. -THE WOMEN AND GIRLS FUND INVOLVES WOMEN IN MAKING GRANTS THAT BENEFIT AREA WOMEN AND GIRLS IN NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Teri Mcnally
Executive Di
$142,300
Benjamin R Maxwell
President
$0
Stephanie Hanchey
President-El
$0
Janet Gullickson
Secretary
$0
Daniel I Hansen
Treasurer
$0
Stuart A Ashton Jr
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $104,141
All other contributions, gifts, grants, and similar amounts not included above$8,811,143
Noncash contributions included in lines 1a–1f $2,221,972
Total Revenue from Contributions, Gifts, Grants & Similar$8,915,284
Total Program Service Revenue$0
Investment income $1,586,799
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,918,052
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,420,135

Grants Awarded

Over the last fiscal year, Community Foundation Of The Rappahannock River Region Inc has awarded $1,734,502 in support to 95 organizations.

Grant RecipientAmount

BRIDGEWATER COLLEGE

Org PageRecipient Profile

Bridgewater, VA

PURPOSE: FORRER LEARNING COMM

$133,334

LLOYD F MOSS FREE CLINIC

Org PageRecipient Profile

Fredericksburg, VA

PURPOSE: GENERAL OPERATING

$79,740

FREDERICKSBURG REGIONAL FOOD BANK

Org PageRecipient Profile

Fredericksburg, VA

PURPOSE: FOOD, NUTRITION

$70,000

UNIVERSITY OF MARY WASHINGTON

Org PageRecipient Profile

Fredericksburg, VA

PURPOSE: ENDOWMENT GRANT

$51,000

FREDERICKSBURG BAPTIST CHURCH

Org PageRecipient Profile

Fredericksbrg, VA

PURPOSE: MINISTRY BUDGET

$50,000

FREDERICKSBURG PARKS AND RECREATION

PURPOSE: DORIS BUFFET POOL

$43,816
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Community Foundation Of The Rappahannock River Region Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,823,304
Earnings-$4,444,064
Admin Expense$254,639
Net Contributions$1,827,714
Grants$1,068,516
Ending Balance$28,883,799

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