Funds

The community
foundation advantage

CFVI is unique in that our operating expenses are not funded by administrative fees charged to the majority of our funds. This ensures that 100% of contributions to named funds are distributed directly to support the charitable needs of the territory. In 2000 CFVI managed approximately 20 funds; today CFVI manages over 150 named funds.

Community Foundation of the Virgin Islands

Commercial Donor-Advised Fund

Private Foundation

Highest charitable
tax deduction

No excise tax

No minimum payout

Donate complex gifts

Impact investment option

Personalized service
& local knowledge

Support for your strategic grantmaking

Educational and networking opportunities

Community Foundation of the Virgin Islands

Highest charitable
tax deduction

No excise tax

No minimum payout

Donate complex gifts

Impact investment option

Personalized service
& local knowledge

Support for your strategic grantmaking

Educational and networking opportunities

Commercial Donor-Advised Fund

Highest charitable
tax deduction

No excise tax

No minimum payout

Donate complex gifts

Impact investment option

Personalized service
& local knowledge

Support for your strategic grantmaking

Educational and networking opportunities

Private Foundation

Highest charitable
tax deduction

No excise tax

No minimum payout

Donate complex gifts

Impact investment option

Personalized service
& local knowledge

Support for your strategic grantmaking

Educational and networking opportunities

Types of Funds

  • Donor-Advised Fund – Often referred to as a DAF, a donor-advised fund is a fund by which the donor, or designated advisor, may recommend grants to eligible recipients. DAF’s may be established as temporary or permanent funds. Establishing a donor-advised fund allows the donor to actively participate in the grantmaking process by periodically recommending how to use the gift. 
  • Field of Interest Fund – This type of fund supports grants in a broad area of interest. The donor instructs CFVI to use available grant dollars in a particular program area, such as education, health, youth, or the environment, for example. Field of interest (FOI) funds are flexible enough to meet changing community needs in a specific interest area.
  • Scholarship Fund – This type of fund is established to award monies to educational institutions or individuals to support students who are pursuing a training or education opportunity. As part of the fund, donors can specify certain eligibility criteria. 
  • Fiscal Sponsorship – A fiscal sponsorship is a fund in which CFVI extends the umbrella of its tax-exempt status to groups engaged in charitable activities related to CFVI’s mission.
  • Agency Fund – A fund established to support the work of an existing 501(c)(3).
  • Memorial Fund – A memorial fund is established in the event of a tragedy, disaster, or death, in the name of those who lost their lives. Usually, a group of people contribute to the fund, which is a living memorial. Often these funds are dedicated to a particular field of interest.
  • Endowment Fund – An endowment fund is established as a permanent fund by a donor to preserve the principal and use its income for a specific charitable purpose. 

CFVI Advantage

CFVI is unique among community foundations in that our operating expenses are not funded by administrative fees charged to the majority of our funds, which ensures that 100% of contributions to named funds are distributed directly to support the charitable needs of the territory. CFVI started with approximately 10 named funds and today we manage more than 150 named funds. 

CFVI offers advantages over commercial donor-advised funds and private foundations.

Our Funds

Funds:
A - H

A

  • Alexander A. Farrelly Milestone Fund
  • Amalie Global 
  • Anderson Family Fund for Education
  • Anna Green Walsh Scholarship Fund
  • Art Walk St. Croix Fund
  • Artrelle M. Wheatley Scholarship Fund
  • Art Thursday St. Croix
  • Austin Verweij Family Fund

B

  • Baebler Family Fund
  • Bimla Mohanani Memorial Cancer Fund
  • BoltNagi Charitable Fund
  • British Virgin Islands Educational Fund
  • Brown and Baecher Families Fund
  • Building Forward Fund

C

  • CAHS Alumni Physicians Scholarship Fund
  • CAHS Centennial Fund
  • CAHS Class of 1951 Scholarship Fund
  • Cancer Support VI Fund
  • Carambola Beach Resort & Spa Hospitality and Tourism Fund
  • Carambola Beach Resort & Spa Youth Athletic Fund
  • Caribbean Genealogy Library Fund
  • Caribbean Philanthropy Network
  • Center for the Book
  • Chamber/DRI CA Fund
  • Charaf Family Fund
  • Charity Chicks Fund
  • Charity Girls Fund
  • CHARM VI Children Healthcare
  • Children’s Trust of the Virgin Islands Fund
  • Community Service Fund
  • Coral World Scholarship Fund

D

  • David and Rhonda McCay Fund
  • David O’Connell Scholarship Fund
  • Descendants of Aaron Wolff Fund
  • Dish Fund
  • Doing Good Fund
  • Driehaus Community Development Fund

E

  • Earle B. Ottley Leadership Institute Fund
  • Edward L. Towle Fund for Sustainable Islands
  • Elaine Ione Sprauve Memorial Fund
  • Ella’s Hope Fund
  • Estelle Parrot Scholarship
  • Euan P. MacFarlane Environmental Leadership

F

  • Falek Family Fund
  • Feuerzeig Family Fund
  • First Friday’s Fund
  • First Lady’s Projects Fund

G

  • Girls Give Generously (G3) Fund
  • Giving Tree Fund
  • Grishman Family Community Fund

H

  • Healthcare for the Homeless Fund
  • Heavy Materials Fund
  • Henry U. Wheatley Fund
  • Hodge Senior Citizen Assistance Fund
  • Hulsman Family Fund
  • Humane Society of St. Thomas
  • Hupprich Family Fund

Funds:
I - Q

I

  • ICMC Jazz in the Park Fund
  • Island Living Cares Fund
  • Island Resources Foundation Legacy Fund
  • Isaac & Rebecca Paiewonsky Scholarship Fund

J

  • J. Raymond Jones Fund
  • Jaci and Jerry Silverberg Trumpet Scholarship
  • Jean T. Robertson Fund
  • JFL Hospital & Medical Center Fund
  • JMP Fund
  • Joanne E. Bozzuto Fund
  • John Arthur Swinson Family Fund
  • John P. deJongh, Sr. Hospital Fund
  • Joseph W. Boyd Jr. Fund
  • Judith A. Towle Environmental Studies Fund
  • Judy & Scott Barber Family Fund

K

  • Karen Ingeborg Lockhart Foundation Fund
  • Kimelman Family Fund
  • Kitty Koenig-Probyn Memorial Fund
  • Kym’s Kids Caribbean

L

  • Lana Vento Fund for the Virgin Islands
  • LeFebvre Fund
  • Librarian Legacy Scholarship Fund
  • Lou Ellen Brown Fund for Disabled Children

M

  • Margaret Ann White-Lewis (MAWL) Fund
  • Margaritaville-Wyndham Educational Fund
  • Margate Friends of the Children Fund
  • Maria Rodriguez Foundation
  • Marilyn and George Blackhall Family Fund
  • Marine Rebuild Fund
  • Marvin A. Blyden Scholarship
  • Mary M. Gleason Fund
  • Match for Impact Fund
  • Mentoring Through the Arts of Music (MTAM) Fund
  • Milan & Aliki Glumidge Scholarship Fund
  • Mitchell Family Fund

N

P

  • Paradise Jam Fund
  • Peter & Patricia Gruber Fund
  • Popular VI Community Fund
  • Potter Fund for Nature Tech Solutions
  • Prior Family Foundation Fund
  • Prior Family Scholarship Fund

Funds:
R - Z

R

  • Rapid Response VI Fund
  • Real Impact Fund
  • Richard Silver Charitable Fund

S

  • Schmidt-Holdsworth Family Fund
  • Schneider Regional Medical Center Agency Fund
  • Secret Harbour Scholarship Fund
  • Shear Family Trust Fund
  • Southland Gaming of the VI Fund
  • Starkey-Klotzbach Family Fund
  • St. Croix Financial Center Fund
  • St. John Cancer Fund
  • St. John EMS Association Fund
  • St. John Revolving Fund
  • St. Thomas Swimming Association

T

  • TEAM Community Development Fund
  • The Family Connection Fund
  • The Lawyers’ Scholarship Fund
  • Theodore E. Sharp Scholars Awards
  • 32 Squared Fund
  • Tree Limin' Extreme Fund
  • Tunick Family Scholarship Fund

U

  • Universal Business Supplies Fund

V

  • Valerie E. Hodge Scholarship Fund
  • VI 100 Club Fund
  • VI Children's Museum
  • VI Conservation Society
  • Virgin Islands Daily News Community Fund
  • VI Junior Golf Fund
  • Virgin Islands Infrastructure Improvement Fund
  • VI Little League Fund
  • Virgin Islands Social Work Master’s Degree Award

W

  • Wesley S. Williams, Jr. and Karen Hastie Williams Family Fund
  • Whitley E. A. Williams Fund
  • World Ocean School Fund

Fiscal Sponsorships

    • Alisyo VI
    • CHANT
    • Community and Police Association (CAPA)
    • Elliott Mac Davis Fitness Trail
    • Empower VI
    • 4 Elements Culinary and Wellness Center
    • Governor’s Technological Initiative
    • Green VI
    • Humane Society of St. Thomas
    • Marine Rebuild Fund
    • RT Park Training Program Fund
    • Self-ish Summit
    • St. Croix CTEC
    • St. Croix Central High School - Academy of Business
    • St. John Film Society
    • Street Level VI
    • TFC Kindercamp
    • The Coal Woman Project
    • VI Center of Arts & Technology
    • VI Conservation Society
    • VI Contemporary Fine Art Festival
    • VI Crawl
    • VI Department of Education
    • VI Justice Initiative
    • VI/PR Friendship Day
    • VI PR Friendship Chamber Orchestra
    • VI Village Academy
    • We Grow Food

    Establish a Fund

    You can establish your own fund at CFVI or donate to an existing fund of your choice. CFVI administers more than 150 funds and programs.
    Please reach out by email at general.info@cfvi.net or by phone at 340-774-6031 for assistance or inquiries.