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.

Benefits of an Endowment Fund at the Community Foundation

For the Organization

Financial

  • Pooled Funds – Our large base of pooled funds minimizes risk, reduces investment charges and maximizes returns.
  • Protected Principal – An endowment fund allows for both annual payouts and growth.
  • Flexible Contributions – The Foundation can accept donations of almost any type which in turn, benefit your organization.
  • Professional Investment Management – Your funds are under the fiduciary care of our staff and Board of Directors.
  • Professional Accounting – Relieves your need for internal accounting and reporting.
  • Independent Audits – All funds are audited annually by an independent certified accountant.
  • IRS Compliance – The Foundation files annual 990 tax forms and assumes responsibility for meeting the public support test and IRS compliance
  • Understandable Reporting – You receive semi-annual Fund Status Reports.
  • Partnering with the Community Foundation – Organizations with endowment funds are valued participants and are included in materials promoting the Foundation.
  • Partnering with Other Organizations – Currently over 100 non-profit agencies, school systems, and churches have endowment funds with the Community Foundation.
  • Credibility – Because of our reputation as a leader in community philanthropy, your partnership with the Community Foundation provides assurance to donors, especially when considering planned gifts.

Management

  • Professional Investment Management – Your funds are under the fiduciary care of our staff and Board of Directors.
  • Professional Accounting – Relieves your need for internal accounting and reporting.
  • Independent Audits – All funds are audited annually by an independent certified accountant.
  • IRS Compliance – The Foundation files annual 990 tax forms and assumes responsibility for meeting the public support test and IRS compliance
  • Understandable Reporting – You receive semi-annual Fund Status Reports.

Partnership

  • Partnering with the Community Foundation – Organizations with endowment funds are valued participants and are included in materials promoting the Foundation.
  • Partnering with Other Organizations – Currently over 100 non-profit agencies, school systems, and churches have endowment funds with the Community Foundation.
  • Credibility – Because of our reputation as a leader in community philanthropy, your partnership with the Community Foundation provides assurance to donors, especially when considering planned gifts.

Connect with Us

Danielle-Locke
Danielle M. Locke, CAP, MPA
Gift Planning Officer
 

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

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

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

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

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

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

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

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

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

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

We believe in purposeful and collaborative community leadership.

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.