2022 ANNUAL REPORT: RENEWAL

The Community Foundation for Northern Virginia released its 2021-2022 Annual Report, "Renewal," which highlights the surge of entrepreneurial ventures in the region during the past year, as well as the Community Foundation's work mental health, and adopting a new four pillar strategic plan that focuses on advancing equity.

Since 2021, the local economy of Northern Virginia is driving the region's growth with a record surge in entrepreneurial startups and many more job openings than can be filled. There is a sense of interconnectedness, creativity, and rebirth. With this renewal has come the need for the Community Foundation to focus on its community leadership work. In doing so, we created the first mental health endowment for Northern Virginia, focused Shape of the Region exclusively on the topic, researched the scope of need, and awarded discretionary grants to address it. The sum of these efforts helped catalyze action in the philanthropic sector and beyond.

The Community Foundation also initiated a strategic planning process that sparked a reevaluation of our work. As a result, we developed a new mission statement- to advance equity across Northern Virginia through philanthropy and community leadership- and structured the new strategic plan around four pillars of engagement: social and economic mobility, racial justice and equity, inclusive systems of economic growth, and community resilience.

Here are some key highlights:

The Community Foundation has an asset base of $80,161,498, representing $11,156,937 in contributions from 1,010 contributors, whilst maintaining 265 donor funds.

The Community Foundation awarded $7,035,672 in total grants and scholarships, in the areas of Donor Advised Fund Grants, Community Foundation Grants, Scholarships, and Giving Circles.

The Community Foundation's leadership role is designed to help build a community that works for everyone. Insight Region^®, the Mental Health Fund, the Raise the Region Gala, the Shape of the Region Conference, and the Afghan Relief and Resettlement Fund all are guided by our strategic plan, ensuring that they all advance equity throughout the region.

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