Informational and inspirational. That’s State of the Fund.

It’s the next event of The Women’s Fund of the Shasta Regional Community Foundation. State of the Fund runs 5:30 to 7 p.m. May 16 at The McConnell Foundation headquarters, 800 Shasta View Drive in Redding.

For members, the annual spring gathering is a chance to learn how their money is being used and what’s ahead. For those interested in becoming part of The Women’s Fund, it showcases the power of collective philanthropy.

Since 2010, The Women’s Fund has awarded $215,000 in grants to programs and projects that create a better future for women and their families in the Redding area. The Women’s Fund raises funds primarily through annual memberships at the $200 and $1,000 levels. A portion of membership monies are invested each year to build an endowment to sustain grant-making. Up to $50,000 is expected to be awarded during the next grant cycle, which will focus on one of two areas:

— Advancing economic opportunities. This includes helping women with financial solvency, entrepreneurship, training in non-traditional careers, financial literacy, mentoring and professional networking.

— Fostering self-sufficiency. This covers supporting women with housing, child care, transportation, diploma completion, mental health support, dental care, personal finance and life skills.

Members will vote May 1-14 to determine where the need is greatest. Look for an emailed invitation to cast your vote. The winning focus area will be revealed during State of the Fund. Nonprofit organizations and public entities then will be invited to submit applications for grants related to the targeted area. The Women’s Fund grant-review panel will consider the proposals, and winning grants will be announced in October.

Organizations that received grants during the past year will be featured at State of the Fund. Tammy Parker with Redding Bank of Commerce will be the keynote speaker. Appetizers and wine will be served.

State of the Fund is an opportunity to connect and engage with other likeminded people, notes Cabinet Member Cathi Lathrop-Cummings, one of the event’s coordinators. It’s a great way to learn more about “where and how your money is being used,” she says.

Tickets are $10. Members are encouraged to bring guests interested in learning more about The Women’s Fund. Look for an email from The Women’s Fund with a link for purchasing tickets.