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Foundation manages endowments

September 14, 2007

The Community Foundation of Washington County manages charitable endowment funds for a variety of people and groups interested in charitable giving in Washington County.

Individuals, families, corporations, institutions, courts, bequests, private foundations and charitable organizations may establish funds through the foundation.

The foundation will invest the money, monitor its earnings, handle tax and administrative details, and make gifts as directed by the donor.

Brad Sell, executive director of the foundation, said the foundation started in 1997 with less than $10,000. By the end of fiscal year 2007, the foundation had grown to about $13.5 million in more than 150 funds.

The foundation's phone number is 301-745-5210. It can be found on the Internet at www.cfwcmd.org.

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