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Affiliates
As a start-up organization the Eastern Shore of
Virginia Community Foundation (ESVCF) is fortunate to be affiliated with The
Norfolk Foundation. Under the terms of the relationship all ESVCF funds (The
ESVCF “Family of Funds”) are held by The Norfolk Foundation, which provides
ESVCF a number of services in the areas of finance, donor development,
grantmaking, and marketing. Receiving these services from The Norfolk
Foundation enables ESVCF to keep its administrative costs low and to focus
its energies on raising the permanent endowment dollars necessary to fund
the foundation’s grantmaking over the long term.
Some of the services provided by The Norfolk Foundation include the
following:
Regarding finance – investment, accounting,
annual auditing, and preparation of detailed quarterly statements for each
fund within the ESVCF Family of Funds. Regarding development—guidance and support
related to donor development and assistance to professional advisors
seeking to assist clients with planning charitable gifts or bequests Regarding grantmaking—record keeping and
disbursement of grant checks from the ESVCF Family of Funds; also
assistance with evaluating and processing of grant requests.
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