Directors' General Fund

This fund provides flexible support for general charitable needs, allowing the TCF Board of Directors to respond where help is needed most in the community.

TYPE OF FUND: Unrestricted

DATE ESTABLISHED: 2000

PURPOSE: General charitable needs.

DISTRIBUTION: Recommendation by the Grants Committee and approval by the full Board of Directors of TCF.

VARIANCE POWER: If, in the judgment of the TCF Board of Directors, the restrictions and conditions of the fund become unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community, the TCF Board of Directors maintains the right to modify the terms of this fund.

FUNDING: Initiated December 13, 1995, with contributions from members of the board and the public. Originally collected to fund a temporary executive director position, half was spent for that purpose and the remainder was used to establish the fund.

BACKGROUND: A voluntary contribution of $100 from each board member in 1995 raised $2,000 to potentially hire an executive director for up to two months. After only $1,000 was used, and as TCF began exploring an affiliation with the Greater Kanawha Valley Foundation, directors voted to use the remaining funds to open a general fund. Initially named the Directors’ Unrestricted Fund, it was renamed the Directors’ General Fund in 1997 to avoid confusion with operating accounts and to allow interest-only use for grants or scholarships. No distributions will be made until the fund reaches the $5,000 minimum required for Named Funds.