Community foundation has $26 million in assets
Published 9:23 am Thursday, February 10, 2022
The Davie Community Foundation ended 2021 with more than $26 million in assets – 90 percent of that money is permanent (endowed), which ensures that the foundation will be able to support Davie organizations and projects forever.
More than 1,000 gifts totaling $3 million were made in 2021. Gift amounts ranged from $5 to $930,000. They came in the form of checks, payroll deductions, recurring monthly credit card donations, stock transfers, and even IRA checks to fulfill required minimum distributions.
In addition, friends, colleagues, and family members made gifts in honor and in memory of someone special.
“These gifts all impact the community in a positive way,” said Jane Simpson, president and CEO.
Grants in excess of $1 million were made by the foundation in 2021:
• $305,000 in grants recommended by Donor Advised Fund holders;
• $345,000 in grants to 41 churches and non-profit organizations;
• $240,000 in Community Grants through our application process;
• $50,000 in healthcare grants through an application process;
• $30,000 in grants by Pearls of Empowerment women’s grants giving circle;
• $25,000 in Duke Energy Main Street Makeover grants for Downtown Mocksville;
• $10,000 in COVID related grants
• $4,000 in grants made by the SURF Board Youth Grantmakers.
Scholarship awards of more than $314,000 were also made for post-secondary education of students, undergraduate and graduate.
“The foundation has come such a long way since 2003 when I was first hired,” said Simpson. “We’ve grown from $200,000 to $26 million in assets over 19 years. I am still in awe of the generosity of Davie County.”
To learn more, contact Simpson at (336) 753-6903 or email@example.com or visit www.daviefoundation.org.