CARING COMMUNITY

Long Cove Fund

Mission

The mission of the Long Cove Fund, administered through the Long Cove Fund Charitable Advisory Committee, is to encourage and support charitable giving by members of Long Cove Club and to provide grants to nonprofits in support of current needs in the areas of health, housing, hunger, and education in Beaufort and Jasper Counties, with particular focus on projects and programs serving the Hilton Head Island and Bluffton communities.

History of the LCFCAC

The Long Cove Club Community Endowment Fund was created in 2003 by the Directors of Long Cove Club in collaboration with the Community Foundation of the Lowcountry. The Fund solicited tax-deductible donations from Long Cove Members and awarded grants in the name of the Long Cove Community to deserving, local non-profit agencies. Long Cove Club is the first residential community on Hilton Head to establish a charitable Endowment Fund.
 
In 2014, the LCCCAC created an additional fund called the Long Cove Charitable Fund. The Long Cove Charitable Fund is funded through annual contributions and fundraisers and is set up to disburse all funds raised within that fiscal year. 

The Advisory Committee is administered by volunteers of Long Cove Members, each of whom shares a long-standing interest in and commitment to philanthropy. Volunteer leadership enables the Funds to keep fundraising and other administrative costs to less than one percent of all monies raised.

In its advisory capacity, the committee adheres to the following guidelines:

• Grants are awarded according to needs in the areas of health, housing, hunger and education locally

• Grants are awarded on the merits of specific projects, not as supplementary funding for an organization’s operating and/or capital budget

• Grants are monitored and evaluated semi-annually

• For the Long Cove Endowment Fund, one half of every donation is returned to the Fund’s principal, ensuring that the endowment continues in perpetuity

• For the Long Cove Charitable Fund, all funds raised within that fiscal year are disbursed the same fiscal year

• Donor anonymity is respected at all times

Why You Should Become a Part
of the Long Cove Fund Legacy

Endowment is investing in the future in the truest sense; it provides the financial resources to contend with both the demands of today and the obligation of tomorrow. The Endowment Fund spends one half of monies raised in a fiscal year on grants. The Charitable Fund awards 100% of monies raised within a fiscal funding cycle to grants to assist with the growing grant demands and needs in our surrounding communities. The Long Cove Fund adheres to both philanthropic principles. Its very existence gives testimony to Long Cove Club’s ongoing commitment to others and to a spirit of generosity that is certain to build an enduring legacy for this “very special place”.