Endowments

Trudy Bogese had a vision, and her family made sure it lives on.

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Endowments

Endowments are permanent funds designed to grow over time, giving an ever-increasing amount to charitable organizations, fields of interest, scholarships, or awards. The principal of the endowment fund remains invested while a portion of the investment return is distributed each year.

Current Endowment Funds

Establish a Fund

Your legacy, your gift, your way. John Randolph Foundation works with donors to create enduring legacies. By talking with the Foundation in advance, we can work with you to create an endowment agreement, giving you the most control over your gift.

Some donors fund their endowment through an outright gift of cash or appreciated securities. Other donors choose to defer their gift through a bequest, a life insurance policy, or retirement assets. To learn more about your giving options and endowments at JRF, download:

Types of Endowments

  • Unrestricted Endowment Fund

Establishing an Unrestricted Endowment Fund allows John Randolph Foundation to apply your gift in areas where it is needed most or to address new areas of concern – urgent needs that may not have existed at the time of your gift.  Minimum to establish:  $100,000

Example: Ursula M. Gibbs Memorial Endowment Fund

  • Field of Interest Endowment Fund

By establishing a Field of Interest Fund, you can focus your giving on a specific cause or area of concern.

Minimum to establish:  $100,000

Example: Trudy Bogese Endowment for Youth Development

  • Designated / Agency Endowment Fund

Ensure that your nonprofit organization or an organization you care about is financially stable and well-positioned to excel into the future.

Minimum to establish:  $100,000

Example: Appomattox Regional Library Endowed Fund

  • Scholarship or Award Endowment Fund

Honor a loved one, memorialize a gifted educator, or create a special incentive to inspire great effort.  

Minimum to establish:  $10,000

Click here to learn how to Establish a Scholarship. To discuss establishing your scholarship or award at John Randolph Foundation, contact Bonnie Falls, Scholarship Program Officer at (804) 458-2239 or [email protected].