FISCAL MANAGEMENT
Growing dollars for lasting impact
The Delaware Valley Legacy Fund (DVLF) is an independent 501 (c) (3) non-profit organization that has established an endowment with The Philadelphia Foundation, providing integrity to DVLF's management.
DVLF’s assets include unrestricted funds used for grantmaking to nonprofits every month; permanently allocated assets for organizational endowments, scholarships, and specially designated funds.
Donors can rely on the integrity and the funds’ investment performance. DVLF was created to last so that the community can build and to sustain the organizations that address the issues and programs important to the LGBTQ+ community.
A Lasting Partnership
The DVLF is under a contract to keep partnered with The Philadelphia Foundation to provide assurance to the donor community regarding both the integrity of the funds managed and to assist with accounting and reporting for the endowment. The Philadelphia Foundation also serves to provide a valuable connection to the established funding community.
The Philadelphia Foundation, established in 1918, is the third oldest and among the largest community foundations in the country, with assets exceeding $350 million. The Philadelphia Foundation develops, manages, and allocates community resources in partnership with donors and grantees, to build on community resources, and to promote empowerment, leadership, and civic participation among underserved groups.