Program areas at CFNOVA
Donor advised funds: The Community Foundation offers donor advised funds (dafs) to donors in The region. A daf is a type of charitable giving fund that is established by a donor to support a cause or causes that The donor cares about. Dafs allow donors to remain involved in active charitable giving by retaining "advisory privileges" to recommend how The Community Foundation should make grants from that fund. for The year ending june 30, 2023, The Community Foundation held 155 separate donor advised funds that awarded $4,749,969 in total grants.
Discretionary grant funds: in addition to donor advised funds and scholarship funds, The Community Foundation continuously develops and builds discretionary funds that help respond to local need and seed innovation in The region. Discretionary funds include our Community investment funds which help relieve The suffering caused by poverty, level The playing field for local children and youth, provide access to health care and mental health care, create job opportunities for our most vulnerable and marginalized residents, help seniors age in place, and help military families attain financial security. Our innovation fund helps launch new cybersecurity and coding courses of study in local public schools and support programs with innovative approaches to stem education across Northern Virginia. Our health kids grants are awarded to public schools to support programs that promote better nutrition or encourage more activity for their students. And our permanent fund is a permanent Community endowment intended to be a forever source of critical support for our region.
Scholarship funds: The Community Foundation manages and administers 38 scholarship funds established by individual donors that help graduating high school seniors with financial challenges attend 2 and 4 year colleges and universities. for The year ending june 30, 2023, The Community Foundation awarded $540,536 in total scholarships to 143 students.
The Community Foundation currently hosts two giving circles: The loudoun impact fund, a giving circle for loudoun donors supporting loudoun based causes, and The business women's giving circle, a giving circle for local women who support organizations preparing girls and women for career and financial success.