The Community Foundation of the Dan River Region

The Dan River Foundation announced today the transfer of nearly $3 million in assets to The Community Foundation of the Dan River Region. A new Dan River Inc. Endowment Fund will continue the charitable work of the company which was based in Danville for over 100 years.

“We are pleased to be able to partner with The Community Foundation to permanently earmark these funds to support charitable work in the Dan River Region,” said Rodney Reynolds, chairman of the Fund’s advisory committee. “During its 126 year history, Dan River Inc. was a responsible and generous corporate citizen, providing support to charitable organizations throughout the Dan River Region and sponsoring scholarships for many children of Dan River employees. The Dan River Inc. Endowment Fund will make certain that this support continues. It will assure that the good name of Dan River Inc. is preserved and will honor the thousands of employees of Dan River throughout the years whose dedication allowed the Company to become a global leader in the home fashions and apparel fabrics industries.”

The Fund will support area charitable organizations including, but not limited to:

- Danville/Pittsylvania County United Way
- visual and performing arts,
- support for public and private educational organizations, particularly those involved in training and retraining the Region’s workforce, and in literacy and tutorial programs
- support for organizations involved in providing basic medical care and economic sustenance for individuals and families, and
- support for organizations that provide economic development and infrastructure for job creation.

“We are excited to accept these funds on behalf of all the former employees of Dan River Inc.,” said Eddie Herndon, president of The Community Foundation. “What an honor it will be to continue the company’s legacy of giving.”

The Community Foundation of the Dan River Region is a public charity with total assets exceeding $18 million. Over 650 community foundations exist in the United States, with 23 in Virginia.

Other people who wish to continue the Dan River Inc. legacy can also contribute to the Fund. Donations may also be made in honor or in memory of former employees or others. Checks should be made to The Community Foundation, c/o the Dan River Inc. Endowment Fund, P.O. Box 1039, Danville, VA 24543. For more information on the new fund or The Community Foundation, contact the Foundation office at 434-793-0884 or visit its web site www.cfdrr.org