The O’Shaughnessy-Hurst Memorial Foundation, Inc. has announced a newly established a fund at the Community Foundation for Loudoun and Northern Fauquier Counties.
The O’Shaughnessy-Hurst Memorial Foundation, Inc., a private foundation located in Leesburg, launched the fund with a $170,000 donation to the Community Foundation. The donation established the OHMF Fund, a donor-advised fund within the Community Foundation.
“The O’Shaughnessy-Hurst Foundation, Inc. is proud of its ability to become a part of the Community Foundation for Loudoun and Northern Fauquier Counties, in furtherance of its mission and goals,” said Debbie Piland, a trustee of the O’Shaughnessy Hurst Memorial Foundation, Inc. “The Community Foundation is an integral part of educating the community on the sustainability of philanthropy by making it a better place to live.”
The OHMF Fund will make grants to nonprofits based on the recommendation of the O’Shaughnessy Hurst Memorial Foundation, Inc. representatives. “We are especially excited about our new partnership with the Community Foundation,” said Piland. “Their boots-on-the-ground knowledge of our local nonprofits will a great benefit to our grant making.”
Private foundations and community foundations commonly work together to address charitable needs in the communities they serve, according to Community Foundation President, Amy Owen.
“We’re all on the same team,” said Owen, “The O’Shaughnessy-Hurst Foundation, Inc. trustees amplify their charitable connections through this formal relationship. It’s a super-charged way of recognizing the work of the Community Foundation and the value we offer to our donors and the charitable community.”