What is the Northern Piedmont
Community Foundation?
Our Mission Statement
Our mission is to build philanthropic capital to enhance and preserve the quality of life in Culpeper, Fauquier, Madison, and Rappahannock Counties and strengthen the region's nonprofit organizations.
Annual Report
Click Here here to open our Annual Report (pdf)
History of NPCF
The Northern Piedmont Community Foundation was founded in December 2000 by a group of nine concerned citizens from Virginia's Piedmont region. The group began by exploring, researching, and initiating a community foundation to meet the charitable needs of this area.
NPCF is dedicated to building a community of givers who provide a permanent source of money available for investments in nonprofit organizations throughout the region. In addition, NPCF will fund projects that are innovative and meet the changing needs of the community.
History of Community Foundations
The first community foundation was formed in 1914 by Frederick Goff, President of the Cleveland Trust Company. Mr. Goff felt that there needed to be a way for individuals of all means to leave philanthropic bequests to benefit their community without having to create a private foundation. His concept was simple.
People would donate funds to meet local needs and they would be administered and invested by local professionals. Today, there are over 650 community foundations in the United States with assets totaling $29.7 billion.
Review Our Most Recent Financials
2010-11 Audit Report
2009-10 990
Investment Program
The Northern Piedmont Community Foundation's investments are overseen by an investment committee consisting of members with expertise in the field. While our asset allocation is subject to change, the committee's current target is as listed below.
Asset Class
Target Range % |
Target Benchmark |
| Equity 50 – 75 |
S&P 500 |
| Fixed Income 25 – 50 |
Lehman Brothers Aggregate |
| Cash 0 – 15 |
U.S. 90-Day T-Bill |
Information on the Northern Piedmont Community Foundation’s investment manager, fees, and investment committee is available by contacting the NPCF office at 540-349-0631, npcf@verizon.net, or P.O. Box 182, Warrenton, Virginia 20188.
NPCF Policies & Procedures
Board of Directors
Board of Directors
John W. McCarthy, III
Chairman
Robin C. Gulick, Esq.
President
Thomas D. Gillespie
Treasurer
Molly Fray Sanford
Secretary
Robert C. Dart, M.D.
Marshall deF. Doeller*
L. Trice Gravatte, M.D.
Susan S. Griffin, D.D.S.
Michael T. Leake
Nina McKee
Merrill P. Strange
Carlton M. Yowell
M. Cole Johnson, Executive Director
Past Board of Directors
Douglas K. Baumgardner
Christy M. Connolly*
Linda R. Dietel*
G. Wayne Eastham*
Georgia E. Fischel
David C. Gerrish, Jr.*
J. Carl Kincheloe
Robert deT. Lawrence, IV
J. Clifford Miller, III
Margaret (Marty) W. Moon
Steve W. Rodgers*
George D. Scheulen*
Susan B. Strittmatter
C. Hunton Tiffany*
Fred G. Wayland, JR*.
*Founding Board of Directors |