Recent News

2017 Scholarship Recipients

 MACF is proud to honor 83 local students by awarding over $200,000 in scholarships. Congratulations to all the recipients!

Health & Quality of Life Grants have been awarded.

The Foundation's Advisory Board of Directors recently made grant decisions and awarded over $40,000 to local non-profits.  
Recipients were:

Safetynet Inc., Delvin L. Hairston Memorial Fund, First United Methodist Church, American Red Cross, Piedmont Virginia Dental Health Foundation, VA Department of Health, Southern Area Agency on Aging Inc. and Tackfully Teamed Riding Academy, Inc.

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.