Since 1997, the Community Foundation of Rappahannock has supported local organizations through its philanthropic efforts. Working with individual donors and corporations alike, the Foundation creates endowments, grants and scholarships that benefit a number of programs, groups and community-oriented charitable efforts throughout Fredericksburg and the surrounding counties. Our Friday Focus interviewee this week is the Foundation’s Executive Director, Teri McNally, who shared with us the challenges and rewards of grant-making!
Q: Tell us about your organization (who you serve, what you do, etc.)
A: The Community Foundation is a private, 501(c)(3) nonprofit organization that has been managing charitable giving on behalf of generous local individuals, families and businesses since 1997. We establish named charitable funds and invest and manage charitable assets for the benefit of the entire Rappahannock River region, which includes the City of Fredericksburg and the four surrounding counties of Caroline, King George, Spotsylvania and Stafford.
Q: What is your favorite “moment” (example of how your organization helped)?
A: I’m happiest at work when I am talking to area donors about what they believe in, what they are grateful for and how they want to give back. And I love it when we get to “connect the dots” between generous donors and the nonprofit organizations who are working hard each day to meet our community’s needs – whether that be through environmental conservation, arts, education, health and wellness, etc.
Q: What is your biggest challenge?
A: They biggest challenge is that there are so many nonprofits doing such great work, but a limited amount of grant funding to distribute. It can be hard to say no when multiple nonprofits are competing for a grant. But it has an upside, too, because it pushes us to look for the most efficient, strategic and well-planned projects to benefit from our donor’s giving.
Q: Are there any upcoming events?
A: We will be hosting a continuing education opportunity for area professional advisors, such as investment bankers, estate attorneys, and accountants. This low cost, high value training will be held on September 16. Our website–www.cfrrr.org—will have more information and registration opportunities as the event draws closer.
Q: How can people get involved with your organization?
A: When the time comes in life to give back to a community that gives so much to each of us, I hope everyone will remember the local foundation that can help.
Opening a charitable fund at the Community Foundation is easy. A phone call is a great way to start! Teri McNally, Executive Director: 540 373-9292 or email firstname.lastname@example.org.