We are pleased and proud to share our 2019 Annual Report for the 20th Anniversary year of the Shenandoah Community Foundation.
Excerpt from President Michael Funk’s letter in the report:
We ended 2019 with 74 funds in our portfolio and total assets of $5,350,750, an increase of $1,185,750 or 28.5% from the prior year. This growth was the result of the addition of five new funds combined with strong returns for the year in our investment portfolio. You may be interested to know that more than half of our total funds are scholarships, which help to ensure that our young citizens are well educated for their futures.
As I write this letter, we find ourselves in highly unusual and challenging times. As a community foundation, we are committed to making a positive difference to help the citizens of Shenandoah County who are facing financial and medical hardships related to COVID-19. We also value our nation’s basic constitutional rights of justice for all and will seek to implement this value in all we do.
Much has changed in 20 years. But, for Shenandoah Community Foundation, striving to be a good steward of the philanthropic resources entrusted to us will never change. We thank you for your support and partnership.