Recent News

2018 Scholarship Recipients

Martinsville Area Community Foundation held its Annual Scholarship Dinner at New College Institute on Tuesday, May 15, 2018. Over $240,000 in scholarships were awarded to many deserving young men and women from our area.

Click here for the list of scholarship recipients.

Special Interest Grant Cycle

Now accepting applications for the Special Interest Grants 
 DEADLINE FRIDAY, August 10, 2018 BY 4:00 PM

Establishing a Fund

Establishing an endowment fund requires a minimum of $10,000 with the exception of Scholarship and Grantee Endowment funds which require a $25,000 minimum. There are no set-up fees, and it can be done quickly using a simple fund agreement. The Foundation does assess a modest one-percent annual charge to administer a fund and support its work in the community.

Take these simple steps:
  1. First, determine your charitable purpose or intent.
  2. Select the type of charitable fund that best supports your purpose. Our staff can outline your options and discuss the advantages of each.
  3. Select a name for your fund. You can use your name, that of a family member, the name of a favorite cause, or choose a name that allows you to remain anonymous.
  4. Depending on the type of fund you establish, you may designate current fund advisors such as yourself and spouse and successor advisors such as your children. This and other information noted above will be included in the fund agreement prepared by Foundation staff.
  5. Sign the simple fund agreement.
  6. Make an establishing gift. See Types of Gifts for the types of contributions you can make.
  7. Receive a tax deduction (to the maximum extent allowed by law) at the time the fund is established and when additional contributions are made to the fund.

We are available to help you with all aspects of your giving experience. If you have questions about becoming a community foundation donor that have not been answered in this section, contact us for more information.