We connect people who care with causes that matter

The Community Foundation of Lorain County is dedicated to enriching the lives of those living and working in Lorain County, Ohio.

How an Agency Endowment Fund Works

  • Any donor (an individual or the organization) may make the contribution to establish the Fund. While a Fund may be created with a nominal amount, no distributions are made until the Fund balance reaches $10,000. Agencies have a 5-year grace period to build the Fund to the $10,000 level.
  • The Community Foundation invests the gift in stocks and bonds for maximum yield and minimal risk.
  • Based upon the performance of the investment, the Community Foundation makes annual distributions to the Agency once the minimum payout level has been reached. Excess earnings are reinvested into the Fund to offset the effects of inflation and help to grow the Fund.
  • The Community Foundation assesses against the fund a small annual fee of less than 2% to cover Foundation administrative costs and investment management fees.
  • The Agency's endowment governing board uses its discretion when determining how the annual distribution might best be used. The Community Foundation will, from time to time, request reports outlining the purposes for which the annual distributions have been spent.

The Agency's permanent fund is not a separate Trust and may receive additions of any amount, at any time, by anyone.

As of the end of 2010, the Community Foundation was administering more than 138 agency endowments, each one designated to benefit a specific local organization.

We value community, which we define as putting self aside for the betterment of the whole.

We provide a permanent instrument for receiving and managing charitable gifts and bequests.

We believe strategy, creativity, and adaptability are keys to thriving in a constantly changing world.

We believe integrity is our greatest asset and value trust earned with fiscal responsibility, ethical stewardship, and transparency

We exercise and promote leadership in meeting the changing needs and opportunities in the community.

We believe access to the CFLC should be fair, inclusive, and equitable.

We believe in purposeful and collaborative community leadership.

We value integrity, which we define as always doing the right thing.

We value excellence, which we define as providing the best service to all.

We work to mobilize individuals to become active partners in building a better community.

We support innovative programs and act as a catalyst in identifying problems and sharing information with individuals, other foundations, and corporations.

We believe the perpetuity of our efforts are linked to sustainable practices.

Through our efforts, the Foundation seeks to improve the quality of life and to instill a greater sense of unity in Lorain County.