ABOUT THE COMMUNITY FOUNDATION

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History

Since 1975, the Polk County Community Foundation has been dedicated to improving the quality of life in the community centered in and around Polk County. The Foundation receives charitable donations of all sizes from community members and then distributes grants to area nonprofits, awards scholarships to local students, manages endowment funds for local nonprofits, and administers other funds tailored to the specific charitable wishes of individual donors. We offer a wide range of simple and flexible fund options to help donors meet their charitable goals. The Foundation manages permanent endowed funds and non-permanent funds, including charitable remainder trusts, and employs a professional asset manager.

 

Charitable Giving

The Foundation offers a wide range of simple and flexible fund options to help donors meet their charitable goals. Donors and local nonprofits establish funds and set the criteria for distributing grants from those funds. Some funds require a competitive application process and others pay grants automatically to designated nonprofits. Planned gifts such as charitable remainder trusts and bequests are easily arranged at the Foundation.

Currently, the Foundation manages more than 200 permanent endowed funds and non-permanent funds, including charitable remainder trusts. More than 100 new funds have been established in the past 10 years, with total assets now exceeding $50,000,000. Funds are professionally managed and distributed through a conservative spending plan, which provides steady annual distributions to meet community needs, even in the most volatile market conditions. Donations come from individuals and families in our community and grants are distributed in accordance with donors' wishes to benefit our community.

 

Our Process

Dedicated staff and 38 board and committee members keep, in perpetuity, all promises the Foundation makes to local philanthropists by always awarding grants and scholarships in accordance with donor wishes. Experienced local nonprofit volunteers enjoy their rotations of service to our community's foundation. Volunteers have remarked that evaluating grants for the Foundation is like having a front row seat to everything good that is happening in the community.

 

Vision & Mission

The vision of the Polk County Community Foundation is to advance philanthropy and improve the quality of life for all citizens in Polk County, North Carolina and the surrounding area.

The mission of the Polk County Community Foundation is to:

  • -Support charitable and beneficial activities in the community
  • -Provide and administer a variety of planned giving programs
  • -Serve as a responsible steward of all funds entrusted to it
  • -Provide initiative in recognizing areas of community needs and supporting solutions.  

 

By the Numbers

     (All numbers as of Fiscal Year End 2016)
 

* Includes the Marjorie M. and Lawrence R. Bradley Endowment Fund, a separate corporation managed by the Polk County Community Foundation.

 

 

Kudos From Our Community

 

Nonprofit organizations often spend an inordinate amount of time and energy on fundraising, which may detract from the ability to serve their targeted population. Having the support of the Polk County Community Foundation in this community is such a blessing, and celebration of good news from them is tempered with a sigh of grateful relief rippling out from all those who benefit. Area citizens who donate to the foundation can truly see the value of their gifts at work. 
                               ~Karen Dacey, Polk County Branch of Big Brothers Big Sisters