Community Foundation gets $1.1 million grant
Charitable organizations and college-bound students will benefit from the Danville Regional Foundation donation.
Danville Register & Bee
Tuesday, May 8, 2007
DANVILLE - The Danville Regional Foundation announced Monday that it has given a $1.1 million grant to the Community Foundation of the Dan River Region.
“We’re very excited,” said Community Foundation Executive Director Debra Dodson. “This will pretty much double our grant making for next year.”
The Community Foundation, established in 1996, awarded $304,275 in grants to 41 charitable organizations in the Dan River Region earlier this year. It also awarded $200,000 in scholarships to 43 area students in June 2006.
The Danville Regional Foundation, which was formed with the proceeds from LifePoint Hospitals Inc.’s purchase of the Danville Regional Medical Center in July 2005, stipulated that at least half of its gift be used to fund projects in health care and human services.
Dodson said representatives from the two foundations have met several times in the past year. Danville Regional Foundation Chairman B.R. Ashby said the group will take advantage of the Community Foundation’s existing infrastructure as it builds one of its own.
“The Community Foundation can use its organization and grant-making process to address some of the short-term and more urgent charitable needs in our community,” Ashby said in a Monday news release. “In the meanwhile, the Regional Foundation will continue to focus on planning and putting in place policies and procedures for longer term grants.”
Dodson said the Community Foundation would use its regular grant making procedure to award the extra money it received from the Danville Regional Foundation.
The Community Foundation has granted more than $5 million to area nonprofit organizations since its formation.
Any 501c3 organization interested in applying for a Community Foundation grant should call (434) 793-0884.
“We think this is going to be a really good partnership,” Dodson said. “There are a lot of needs in the area and this money could help ease some suffering.”
Tuesday, May 8, 2007
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3 comments:
Shell game? Danville Regional Foundation gives money to the Community Foundation (because it has to give away 5% of its value each year). I suppose the Community Foundation could then give money to the Danville Regional Foundation to meet its give away requirements.
Ahhh....so there is a cloud to the silver lining.
Congrats to the Community Foundation. Please use this money to continue your good work.
It(money) will all end up at the Institute anyway. The same bunch of fools run both Foundations.
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