Gumenick Properties recognizes that affordable housing is an important issue in Central Virginia. Accordingly, the company established the Gumenick Greater Richmond Housing Fund in 2000 to address this matter.
To the best of the company’s knowledge, this is the only charitable fund in the region focusing on affordable housing. The fund’s primary mission is to support not-for-profit organizations engaged in addressing a broad range of affordable housing issues. This provides the means for institutions with the appropriate experience and expertise to engage directly with individuals who live in low-income housing and require assistance.
The Community Foundation administers the fund. The foundation also handles all investment decisions related to the fund. The foundation reviews all grant requests, conducts research and evaluation related to them, and awards all monies disbursed to non-profits. Donations typically are made in autumn. Grants are made in March of each year.
Since 2000, Gumenick Properties has contributed $750,000 to the Gumenick Greater Richmond Housing Fund. External contributions have amounted to $538,000. Since its inception, the fund has awarded grants worth close to $950,000 to local institutions.
Over 15 years, the Gumenick Greater Richmond Housing Fund has provided grants to these organizations:
Grants have supported a wide variety of activities, including volunteer service activities, land acquisition, home repairs, services for homeless children, urban revitalization, technical training programs, home rehabilitation and new home construction.
Gumenick Properties is proud to support the Gumenick Greater Richmond Housing Fund. The company encourages others to join in supporting this important cause. The company and the Gumenick family have a well-established tradition of charitable giving to a wide variety of educational, medical and cultural causes.