About DRE

What is an endowment?
Endowments are assets set aside for the perpetual benefit of an organization, institution, charity, etc. Donations/gifts made to an endowment are managed for the long-term. Each year a portion of the endowment’s balance is given to the beneficiary of the endowment.

What is the Derek Revord Endowment?
The Derek Revord Endowment was established in December 2010 at the Coastal Community Foundation in memory of Derek David Revord. The Endowment became fully endowed in the spring of 2012 and grants money to the Special Olympics South Carolina serving the Lowcountry. The Endowment’s 1st donation to the Special Olympics was in July 2012 and will continue to donate to the Special Olympics South Carolina serving the Lowcountry in perpetuity.

What is the Coastal Community Foundation?
The Coastal Community Foundation (CCF) is a public grantmaking organization. As part of its mission to foster philanthropy and increase the financial resources available for local charitable groups, CCF administers endowments for individuals, corporations and nonprofit organizations.

What is the relationship between the Derek Revord Endowment and the Special Olympics South Carolina?
The Derek Revord Endowment is completely separate from the South Carolina Olympics and is a donor to the Special Olympics South Carolina serving the Lowcountry. Annually, the CCF calculates the grantable amount as determined by its Board and makes a donation to the Special Olympics serving the Lowcountry from the Derek Revord Endowment.

What is the Derek Revord Endowment’s goal?
The Endowment’s goal is to keep Derek’s memory alive in the community and be a source of sustainable giving to supplement the Special Olympics South Carolina serving the Lowcountry’s fundraising efforts.  As of December 31, 2016, the Derek Revord Endowment has granted $4,600 to the Special Olympics South Carolina serving the Lowcountry.