ABOUT US (Tab 2)

Who We Are – subtab:
The Adams County Community Foundation was created in 2019. We are a “501 (c)
(3)” tax exempt, public charity eligible to receive tax deductible bequests,
transfers and gifts.
The board of directors is made up of a group of volunteer community leaders who
want to improve the quality of life for every citizen and every community in
Adams County. To accomplish this objective the board will:
 Be responsible stewards of contributed assets in accordance with donor
wishes and the governing instruments of the Foundation.
 Champion private giving for the public good among the people of Adams
County.
 Provide a flexible, efficient and lasting way for donors to accomplish their
philanthropic goals.
 Make grants and provide counsel and assistance that will have a significant
impact upon recipients and will address community needs.
 Encourage collaboration and cooperation among funders and service
providers to address community needs.
We are fortunate to receive advice and support from our generous neighbors at
the Scioto Foundation. Scioto Foundation has pledged to provide direction and
administrative services until such time the Adams County Community Foundation
can stand alone.

The history of the Scioto Foundation has given both inspiration and vision to the
Adams County Community Foundation. A $200,000 bequest from a charitable
minded donor in 1974 was the genesis of the Scioto Foundation. Today, that
Foundation manages assets in excess of $40,000,000. It has also given over
$21,000,000 back to the community in the form of grants and scholarships.
What is a Community Foundation – subtab?
A community foundation is a vehicle for people of all means to make a lasting
difference in their community. The central purpose of a community foundation is
to serve the needs and philanthropic aims of donors who wish to better their
community, now and in the future. Community foundations do this by providing
donors with flexible, efficient, and tax-effective ways to ensure their charitable
giving achieves the greatest possible impact. The concept of a community
foundation is to provide a means to build, over time, a substantial endowment
(see endowment tab) of funds for a community through contributions large and
small. Because these contributions are endowed, they are never spent. Instead,
they are permanently invested to produce income. The income earned is then
used to help meet the community’s charitable needs – from social work to
education and culture. Gifts to a community foundation continue to benefit the
community forever. This is philanthropy in its broadest sense.
Ohio is the birthplace of the community foundation. In 1914 a Cleveland attorney,
Frederick Goff, envisioned a single entity that could steward the charitable wishes
of many different citizens for a community’s perpetual benefit. His vision was
compelling and took hold. Today there are over 800 community foundations in
the US. Ohio has over 60 community foundations. Adams County now has its own
community foundation!
What is an endowment – subtab?
An Endowment is a pool of money invested for long-term growth and income,
with a portion of the value of the endowment used by the organization as the
donor stipulates or for general operating purposes. Most endowments are
designed to keep the principal amount intact while using the investment income
for charitable efforts.

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In simple terms, an endowment is a fund with money in it, set up to provide long-
term support for a particular nonprofit organization or cause.
Since the goal is long-term support, the organization or cause doesn’t get all the
money at once: It is made available to them a little at a time. And since not all the
money is given away at once, the remainder is invested and grown so that it can
continue – forever.
When someone decides to establish an endowment fund at a community
foundation, money is given to the foundation and in exchange, the foundation
manages it and then awards it according to the donor’s wishes. An agreement is
signed between the donor and the foundation to make sure everyone knows
what to expect.
Endowments are a tool lots of people and nonprofit organizations use, not just
the rich. Some people establish an endowment because they are passionate
about the kind of work a nonprofit organization does. Others may see the
importance of education so they set up a scholarship, or they may be aware of an
unmet need in the community they want to see addressed.
We use professionals to invest and manage our assets in an efficient, conservative
manner.
Endowments from the Adams County Community Foundation will be pooled with
those of the Scioto Foundation and invested in common yet accounted for

separately. The investment approach is a total return concept. This means
investing for a comprehensive return, including interest and dividends, earning on
stocks and bonds, plus realized and unrealized gains and losses.
Board Members – subtab