Organized philanthropy is the best partner in this work for several reasons .
• Foundations and endowments are created and led by local community members who understand the needs of these communities , as they work every day with nonprofit partners and neighbors tackling some of the state ’ s greatest opportunities and challenges .
• They are , by their mission , created for the long-term by managing endowments to be around and grow for centuries in order to ensure annual grantmaking that strengthens and supports citizens , communities , causes and organizations in West Virginia ’ s most rural and urban places .
• Organized philanthropy leaders are experts in efficient grantmaking and accountability . This is why they exist — to steward the intentions of the foundation or funds ’ purposes , complete due diligence , streamline application / award processes and be accountable to the IRS and West Virginia Secretary of State ’ s Office on how funds are used and managed .
• These groups are innovative and effective , not just in dealing with the needs and challenges of today but also in looking at long-term solutions with a bigger vision and focus so West Virginia thrives years from now .
The engagement of the transfer of wealth is ever so critical to the state ’ s livelihood and future . It has garnered the support of leaders and funders supporting the work . The initial investors who stepped up to complete the research for their respective county or regions of service are community foundations , including : Community Foundation for the Ohio Valley , Eastern West Virginia Community Foundation , Foundation for the Tri-State , The Greater Kanawha Valley Foundation and the Parkersburg Area Community Foundation .
Closing the Gap
To accentuate the importance of this moment and the need to act now , we must recognize that West Virginia has historically not received its portion of rightful allotment of philanthropy in comparison to neighboring states .
Historically , West Virginia and its communities have seen a significantly lesser amount of foundations and grants created
Celebrating Milestones … Changing Lives
Shepherd University marks its sesquicentennial celebration in 2021-22 while the Shepherd University Foundation commemorates 60 years in its service . Alumni and friends , help us honor these milestones - visit www . shepherd . edu / 150th to learn more !
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