HARRISONBURG VA: (Rocktown Now) – The Community Foundation of Harrisonburg and Rockingham met a major milestone in late 2025, closing out the year with approximately $110 million in charitable assets under management.

Passing the $100 million mark is considered significant for community foundations, said Executive Director Revlan Hill, as the number of assets link directly with charitable impact.

“The more assets a community foundation has, the larger the investment pool and the larger the return for charitable giving,” Hill said. “This milestone reflects our residents’ generous spirit and their vision for making a difference, as well as a growing awareness of how working with the foundation for charitable giving leverages more financial support for the community.”

Hill attributes the success of the foundation to “our generous community, partnerships with local financial advisors, an historically strong board of committed residents, and the hard work of all of our staff, past and present.”

The foundation started in 1998 with a $50,000 fund started by Eugene Lantz and his brother-in-law Wallace Hatcher to honor CD and Vergie Lantz. The two men drew up their plan on a back of a napkin while meeting at a restaurant with their financial advisor.  

At a celebration last week, Hill asked Lantz to share the $110 million number with those gathered.

“It was a really nice full circle moment,” she said. “There’s no way we would be where we are today without Eugene and Wallace. They believed in us, just as our founders Lawrence H. Hoover Jr., Phillip C. Stone Jr., Andrew M. Huggins, and John L. Vincie III did in those early years. This moment is also a tribute to our Keystone supporters who provided early financial support so that we could continue to grow.”

Since its founding in 1998, the foundation has distributed than $92.3 million in grants and scholarships.

Most of that sum has stayed in the local area, Hill notes, pointing to data from Fiscal Year 2025, when $8.3 million in total was granted to scholarships and nonprofit organizations. More than $3.6 million, or 44% of grants, stayed in Harrisonburg and Rockingham County, with $1.3 million, or 16% benefiting the greater Shenandoah Valley, and $1.7 million, or 21%, for organizations in the state.  About 20% of grants go outside Virginia.

The organization now manages 352 funds representing individuals, families, and businesses.

TCFHR was recently re-accredited by the Community Foundation National Standards, meeting rigorous requirements for donor services, investment management, grantmaking, and administration.

Unlike other investment firms, the fees charged help to support programs that benefit the community, including

  • nonprofit resourcing and support;
  • the local Dolly Parton Imagination Library program supporting literacy development;
  • the management of a large scholarship program (more than $1.9 million granted in FY2025);
  • a competitive grant process ($701,500 back into local communities in FY 2025);
  • endowments supporting local food pantries, vocational education, and general community needs;
  • the Great Community Give, and more.

Caption: Eugene Lantz, the first fundholder at The Community Foundation of Harrisonburg and Rockingham, shares that the foundation has reached $110 million in assets, with Executive Director Revlan Hill. (Photo by Rachel Holderman)