~ Press release provided by Living Legacy of Luray
LURAY, April 28 — Living Legacy of Luray announces the creation of a new Endowment Fund designed to ensure the long-term, ongoing financial sustainability of the organization and its mission.
The fund will serve as a stable and perpetual source of income, dedicated to supporting Living Legacy’s core mission: transforming the lives of disadvantaged people in the community, with a special focus on children and their families.
The Endowment Fund was launched with an initial seed donation of $10,000, generously contributed by an anonymous donor of Luray. Their commitment to uplifting families and building a stronger, more resilient community reflects the very heart of Living Legacy’s work.
“We are incredibly grateful to the donor for their vision and generosity,” said Audre King, President of Living Legacy and the Luray Rec Center. “This endowment represents a vital step toward ensuring that our programs continue to serve those who need them most — today, tomorrow, and for generations to come”.
The fund will be managed with investment guidance from Holsinger Investment Advisors, LLC of Luray, a respected financial advisory firm with a strong track record of managing endowment funds for charitable organizations in and around the region.
A dedicated Living Legacy Endowment Fund Executive Board has been established to oversee the fund’s management. The fund will be governed by a permanently restricted policy, allowing only interest, dividends, and capital gains to be withdrawn — preserving the principal and ensuring it continues to grow and generate income over time. These earnings will help cover day-to-day operational costs and strengthen the organization’s ability to deliver critical community services.
Additional contributions to the Endowment Fund are welcome. Community members who wish to leave a lasting legacy and invest in the future of Luray’s children and families are encouraged to contact Audre King at the Living Legacy, Luray/The Rec Center (livinglegacylurayva.org/endowment) for more information.
To find out more about the organization, CLICK HERE.
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Who is the owner of this property? Audre King or “Living Legacy”? i see “Audre King H S C/O Living Legacy”. In Virginia, C/O is only used in postal addresses. If C/O is going to be used to describe property ownership, shouldn’t it be Living Legacy C/O Audre King?
I believe Audre King owns the building. It’s a good cause but would be better if the building was owned by the non-profit.
“RealEstate” I agree. Living Legacy owning both the building and land would help them fulfill their mission and goals plus add legitimacy.
What is the REC Center and Living Legacy?
Who We Are
The REC is part of the Living Legacy which is a community nonprofit with a primary focus on underprivileged youth of various backgrounds including poverty, addiction, and abuse.
Living Legacy is the umbrella non-profit that oversees “The Rec”, Historic Andrew Jackson Museum, and Restoration Park.
Our Mission
“To enhance the physical, economic, and social landscape of Page County, Virginia by fostering community development initiatives that uplift individuals, families, children, and neighborhoods. Grounded in divine principles, we aim to combat poverty and its effects by offering programs that focus on restoration, recreation, education, and self-sufficiency.
Our goal is to build hope, rejuvenate the spirit of togetherness, and empower all members of the community to create a thriving, unified environment where everyone has the opportunity to grow, prosper, and contribute.”
“El Ames”. Wow. That all sounds like a noble thing they’re doing! But mentioning all those things sounds like a nervous distraction. How will there be enough money left over after “management expenses”, paid directors?, rent for private real estate?, etc? And how will the truly underprivileged be discriminated and segregated out to receive benefits? Again, will there be anything left for them? Small donors would appreciate that their $50 donation isn’t first going into somebody’s back pocket.