The Community Foundation for Northeast Florida recently received $400,000 in new gifts for its LGBTQ Community Fund giving.
The donations will boost “annual giving in perpetuity” of these endowments, according to the Community Foundation. Endowments are permanent funds that grow through investments, with a portion of that growth used for annual grants.
Jacksonville philanthropist Delores Barr Weaver; Chad Labenz and foundation trustee Michael Meyers; Glenn and Michael Miller, chair of the fund’s grants panel; and an anonymous supporter each donated $100,000. They also challenged the community to help reach a $3 million goal.
The foundation has several endowments that support grants for LGBTQ causes, including one founded by Weaver. They operate under the umbrella of the LGBTQ Community Fund, which has distributed approximately $1.1 million in grants to 28 nonprofits since its founding in 2014.
bcravey@jacksonville.com, (904) 359-4109
This article originally appeared on Florida Times-Union: Delores Barr Weaver, other donors contribute to Jacksonville LGBTQ fund
