How Endowments Work (and Grow!)

Endowment funds at Community Foundation for the Alleghenies

The Community Foundation for the Alleghenies was created to benefit our community every day, forever.

Individuals who create funds with us can experience peace of mind knowing that their funds are in a permanent and secure place. The Community Foundation manages and invests the money, assists with grantmaking, and handles receipting, IRS filing, quarterly statements, and gift acknowledgements. In addition to receiving the full tax deduction allowed by law, donors are free to experience the joy of giving with no stress or administration burden.

Many donors we work with choose to make a substantial gift that lasts in perpetuity by establishing a permanently endowed fund. By keeping the principal gift intact and only distributing a portion of the earnings, we ensure that a donor’s generosity can last far beyond their lifetime.

You can also donate to existing endowments established to benefit our community and region forever, such as the Fund for the Future, the Bedford County Community Fund, or the Somerset County Community Fund.

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