The Foundation invests the principal of each Fund through its trustee banks and investment managers for the continued production of income. This income is distributed in the form of grants and scholarships to a wide variety of organizations and individuals. Under certain circumstances a portion of the invested principal is also allocated for distribution according to the provisions of the document that created each Fund. The purposes to which the Foundation makes these grants include arts and culture, economic development, education, health, human services, land use, recreation, and other charitable areas of interest.
Responsibility for policy and direction is vested in a
volunteer Board of Trustees, some of whom are appointed by civic and public
organizations and some of whom are elected by the Board of Trustees.
Six trustee banks, eight investment managers and an investment advisory
company administer the Funds for the Foundation and carry out the duties
assigned to them by the Board of Trustees. Names of trustee banks,
investment managers, investment advisory company, fees charged, and committee
members responsible for investment and oversight are available upon request.
The Distributions Committee, upon consideration of requests, recommends grants for approval by the Board of Trustees. The Scholarship Committee, upon consideration of applications from individual students, recommends approval of scholarships to be awarded to students based upon criteria set forth in the instruments creating each Fund.
Simplicity
A gift to the Foundation will simplify your charitable
giving. One contribution may
address a number of different needs and benefit many charitable organizations in
the community. You are relieved of the problem of identifying those agencies
which address your specific purposes.
The
Greater Kanawha Valley Foundation is a public foundation under federal tax law
and your contribution qualifies for maximum deductibility for income, gift, and
estate tax purposes.
Each
Fund’s assets are managed by investment professionals according to broad
guidelines set by the Foundation’s Board of Trustees.
All receipts and expenditures are independently audited and fully disclosed to the public. There is no family control or special interest control.
Perpetuity
Your gift to the community is administered by the Foundation
and becomes part of a perpetual trust, and its income continues through the
years to satisfy your philanthropic purposes.
Your gift can never lapse, unless you designate otherwise.
The Foundation has the ability to address the changing charitable needs of the community as they arise. If the original purpose of your gift becomes impractical or obsolete, the Board of Trustees is empowered to redirect it to related purposes without the expense or delay of court action.
Economy
Standing (l-r): Susan Basile, Dr. Hazo Carter, Mary Ann Michael, Art Standish, Judith H. McJunkin, Phillip Tissue, Dr. Jamal Khan, Melvin Jones and Troy Stallard. Seated (l-r): Kim Foster, Henry Harmon, Ron Potesta and Nelle Chilton.
Chairman Henry Harmon
Vice-Chairman Kim Foster
Becky Ceperley, President and CEO – bceperley@tgkvf.org
Patricia Majic, Chief Financial Officer – pmajic@tgkvf.org
Sheri Ryder, Program Officer - sryder@tgkvf.org
Bev Davis, Development Director - bdavis@tgkvf.org
Christine Spaulding, Accountant - cspaulding@tgkvf.org
Shirley Triplett, Financial Assistant – striplett@tgkvf.org
Susan Hoover, Scholarship Coordinator – shoover@tgkvf.org
Cherrie Sizemore, Administrative Assistant - csizemore@tgkvf.org