FUTURE FUND FAQS
What is the Future Fund?
The Future Fund is a fresh approach to philanthropy. Its members are young leaders from the Greensboro area who are committed to making our community a better place and improving the quality of life for all of our citizens. Future Fund members impact their community by contributing to a permanent endowment that makes grants to build a better Greensboro.
What is the Future Fund’s mission?
The mission is to nurture philanthropic leadership through grantmaking and the development of a permanent endowment.
How do I join?
AFTER I join the Future Fund, what are my obligations?
Your one-year commitment (renewable annually) can be as limited or extensive as you choose. By joining, you add your charitable gift to the Future Fund and are eligible to attend all events. If you want to be more directly involved, you may volunteer to serve on one of the Future Fund Committees: Grantmaking, Marketing and Membership, and Events.
How much is the membership fee?
Annual Memberships are $125 for individuals and $250 for couples. Current students can join for only $50.
Where does my membership fee go?
The funds donated by members are deposited into a permanently endowed fund held at the Community Foundation called the Ann Lineweaver Future Fund Endowment. As this fund grows over time, the income from the invested funds will be used to make grants to the community. The principal and income are preserved, growing through appreciation each year.
How was the Future Fund started?
The Future Fund was started in 1999 by the Community Foundation of Greater Greensboro. Ann Lineweaver, then-Chair of the CFGG Board of Directors, suggested the concept of the Future Fund as a way to educate a younger audience about philanthropy and engage young leaders. She approached Louise and Jim Brady, local young professional leaders, to chair the Future Fund, and they recruited 264 people to join them in their first year.
What is the Community Foundation of Greater Greensboro?
Founded in 1983, Community Foundation of Greater Greensboro is a charitable organization dedicated to strengthening the community for present and future generations. With over $160 million in charitable assets and more than 700 charitable funds under management, CFGG promotes philanthropy by addressing emerging community issues, managing permanent endowments, and working with individuals, families, corporations, private foundations, and nonprofit organizations in achieving their charitable objectives. The Future Fund is but one example of the Community Foundation’s impact in our community.
How big is the Ann Lineweaver Future Fund Endowment?
The endowment is valued at $1.26 million. We achieved our initial fundraising goal in 2009, celebrating ten years!
How is the Future Fund governed?
A Steering Committee of Future Fund members is the Future Fund’s “Board of Directors.” Each year, a Chair and Chair-Elect preside over this committee. The Steering Committee sets the goals, strategies, and tactics for the Future Fund. Because the Future Fund is an initiative of the Community Foundation of Greater Greensboro, it is ultimately governed by the Community Foundation’s Board of Directors.
Who manages the money raised?
The Community Foundation of Greater Greensboro manages the assets through its investment committee.
Who decides what grants will be made?
All Future Fund members are invited to serve on the grantmaking committee that distributes annual grants. If you are interested in participating, please contact Jodee Ruppel at firstname.lastname@example.org or (336) 379-9100.
Who can I contact if I have more questions?
Please contact Jodee Ruppel at the Community Foundation by phone at (336) 379-9100 or via email at email@example.com.