Frequently Asked Questions.
Why Begin Campaign for Our Community Now?
Our Biggest Little City is experiencing big changes, now it’s time to plan big. The Community Foundation of Western Nevada is ready to take the next step forward. There is an urgent need for a concerted effort to grow a unrestricted charitable resource dedicated to Northern Nevada. Campaign for Our Community presents a unique opportunity to garner the philanthropic support to sustain this endowment—one that will benefit our community in perpetuity.
Why Is a Community Endowment Important?
Investing in the future of our region is important. Through the Campaign for Our Community, we will raise $10 million or more to create an endowment that will generate approximately $400,000 annually, and it will continue to grow. This will provide flexible financial resources to respond to community challenges as they arise. The Community Endowment will not only provide needed resources today, it is an investment that will grow over time. As the Community Endowment grows, so will its potential to positively impact our region.
What Is the Community Foundation of Western Nevada?
Established in 1998 as a public nonprofit, the Community Foundation of Western Nevada has distributed more than $120 million in grants and scholarships to strengthen our Nevada home. The Community Foundation serves as a community leader, a permanent charitable resource, and a philanthropic advisor in charitable giving, connecting people who care with causes that matter.
What Is the Community Endowment?
The Community Endowment is a fund in which the total amount is not spent but invested. Each year, it yields investment returns based on market conditions and provides a payout. A percentage of the payout is used through the Community Fund to address one or many urgent community needs. The remaining portion of this yield is reinvested into the Community Endowment, contributing to its overall growth, and ensuring that future yields will be more substantial.
Why Are Endowments Important to the Community?
Endowments work for the good of the community and they work forever. There are many good causes to support, many neighbors in need, environments to preserve, and lives to improve. The Community Endowment will be steered by the community, so whichever issues the community deems most urgent will be addressed in any given year.
What Is the Community Fund?
The Community Fund is supported by 100% of the income generated by the Community Endowment from the previous year. People may also make gifts to the fund to be granted in the same year. Annually this fund may be used for community leadership work and other initiatives, which may include grantmaking, matching grant challenges, funding of projects, and other issues of community importance. A portion of the fund will function as a designated reserve for quick use in the event of a national or state emergency or crisis. The advisory committee will decide how the funds are distributed and consist of 8 Community Foundation board members, 3 Community Foundation staff and 4 members of the community representing diverse perspective and geographic reach.
What Is the Goal of the Campaign for Our Community?
Enabled by your generosity and commitment, the vision of the Campaign for Our Community is a future in which the power of philanthropy can offset the challenges our community faces. Giving to the Community Endowment is an investment in the future of northern Nevada. Through the Campaign, we will raise $10 million or more to create an endowment that will generate approximately $400,000 annually which will provide flexible financial resources to respond to community challenges as they arise. The Community Endowment will not only provide needed resources today, it is an investment that will grow over time. As the Community Endowment grows, so too will its potential to positively impact and protect our region forever.