INCreasING tHe PHILaNtHroPIC PIe IN
fIsCaL Year 2012: JuLY 1, 2011
- JuNe 30, 2012
TOTAL GRANTS DISTRIBUTED IN FY2012
2%
ANIMAL WELFARE
$245,485
8%
ARTS & CULTURE
$799,594
5%
COMMUNITY IMPROVEMENT
$542,317
15%
ECONOMIC DEVELOPMENT
$1,571,000
29%
EDUCATION & SCHOLARSHIPS
$3,012,208
14%
FAITHBASED
$1,425,671
17%
HEALTH & WELLBEING
$1,717,381
8%
HUMAN SERVICES
$801,246
2%
YOUTH DEVELOPMENT
$220,789
919 GRANTS TOTALING $10,335,691 CeNtraL CaroLINa CoMMuNItY fouNdatIoN serVes 11 CouNtIes IN tHe MIdLaNds bY dIstrIbutING GraNts aNd sCHoLarsHIPs aNd LINKING tHe resourCes of doNors, NoNProfIts aNd CoMMuNItY Leaders to areas of Need.
• • • • • • • • • • •
CaLHouN CLareNdoN faIrfIeLd
Fairfield Kershaw
Newberry
KersHaW Lee LeXINGtoN NeWberrY oraNGeburG rICHLaNd saLuda suMter
Lee Richland
Saluda
Sumter
Lexington
Calhoun
Orangeburg
Clarendon
Today, people in our community are more aware of the need that exists here than ever before. But uncertain economic conditions have created a new desire to preserve the nest egg; there is a greater reluctance to
board of trustees J. Hagood Tighe, Esq., Chair Judith M. Davis, Vice Chair
give, particularly without confidence the money will
Bruce W. Hughes, Secretary/Treasurer
make a meaningful difference. Add to this the confusion
Scott R. Adams
of an endless (and expanding) array of options for donating and it is easy to see why many people find the entire matter overwhelming.
Dr. William Babcock** John Baker* J. Mac Bennett Sharon W. Bryant
As stewards at the heart of philanthropic giving in the
R. Jason Caskey, CPA
Midlands, we’re here to encourage philanthropy, yes.
Rita Bragg Caughman
But we are also here to help individuals, families and businesses make the best decisions they can about where to invest their philanthropic dollars.
Chris D. Christiansen* Aubria Corbitt* Mike Crapps Eric M. Elkins
This year, we helped our donors invest more than
John J. Garrison**
$10.3 million in nonprofit organizations throughout
L. Marion Gressette III
our community and beyond. We assisted by bringing clarity to their charitable goals, connecting them with community needs in their areas of interest and
Henry B. Haitz III C. Carroll Heyward David G. Hodges Jackie Howie*
providing due diligence to ensure each and every gift
Dr. Charles B. Jackson Sr.**
resulted in the greatest impact possible.
D. Michael Kelly
These gifts — and the gifts of time, talent and treasure given by many members of our community — are helping the Community Foundation reach our goal
Charlene H. Keys** Ellis M. Knight, MD Cory Manning** Ted O. McGee Jr.*
of ‘increasing the philanthropic pie’ for the Midlands
Catherine R. Monetti*
region. As we look back on 2012, we give thanks for
Stephen G. Morrison**
our community’s generosity and the opportunity to help
Linda O’Bryon
make giving matter.
Dave Peterson John C. Pollok Barbara Rackes Ben Rex George W. Rogers A. Eugene Rountree Terry K. Schmoyer Jr., CPA Michael Schraibman** Martha Scott Smith Nancy Spencer
JoAnn M. Turnquist President & CEO
J. Hagood Tighe, Esq. Chair
Susie H. VanHuss, PhD *term ended June 30, 2012 **term began July 1, 2012
WITHIN THE FOUNDATION
ASSET GROWTH OVER THE LAST DECADE $93,672,767 $90,237,096 $79,714,684 $74,710,297
$55,053,962 $49,541,548
2002
2004
2002
2006
2008
2010
2012
2004
$3,450,327
$4,213,689
Growth of Grants Awarded
In October, the Foundation worked with RIGGS Partners to host a breakfast to help propel the growth of skills-based volunteerism in South Carolina. A Billion + Change is a national campaign to mobilize and recognize corporate pro bono service.
In December, the Foundation’s Talk About Giving initiative was featured in financial columnist Ron
ORDER TODAY!
Lieber’s article in The New York Times. Thanks to this national coverage, more than 680 TAG card games went to children and parents across the country just in time for the holidays.
In November, Columbia Metropolitan joined the Foundation to kick off the season of giving by recognizing our Best of Philanthropy Community Champions. These Champions were nominated in five categories by local citizens and organizations. Business Champion: Kenneth Long Individual Champion: Cynthia Byrd Group Champions:
CASA Quarterbacks
Family Champions:
Dr. Bert and Ms. Jeanne Gué
Student Champions: Airport High School Student Government
2006
2008
$6,318,365
$6,541,281
In May, the Foundation
Greater Columbia Chamber
assisted with the launch of
of Commerce, Columbia
Graduation Imperative - a
Opportunity Resource (COR),
regional collaboration formed
Navigating Good to Great
to increase educational
Foundation, The SC Higher
attainment rates and retain
Education Foundation and
talent in the Columbia
several institutions of higher
market. Partners include the
education.
ARSHIPS
TYPES OF FUNDS WITHIN THE FOUNDATION
26 31 34 50 50
ASSET GROWTH OVER
$90
UNRESTRICTED
$74,710,297
SCHOLARSHIPS
TRUSTS
$55,053,962 DESIGNATED
$49,541,548
& FIELD-OF-INTEREST
AGENCY & FISCAL SPONSOR
184 TOTAL
DONOR-ADVISED
375 2002
26 UNRESTRICED
2004
50 DESIGNATED & FIELD OF INTEREST
4 TRUSTS 50 AGENCY & FISCAL SPONSOR 184 DONOR-ADVISED
2010
2012
$5,172,230
$10,335,691
Total Grants Awarded Since 1989
$80,000,000+
In April, the Foundation announced it will invest at least $1 million into the Literacy 2030 initiative to provide grants during the next three years to improve literacy in the Midlands. The primary focus of these grants is childhood education, specifically from birth through age eight.
2006
CoNsoLIdated fINaNCIaL stateMeNts As of June 30
2012
2011
5,702,913
5,727,250
Investments
70,405,050
70,465,344
Interest in Charitable Trusts and Life Insurance
17,359,725
21,588,732
205,079
217,628
93,672,767
97,998,954
25,707
56,520
274,968
268,614
Funds Held for Agency Endowments
5,696,682
5,809,636
Funds Held for Supporting Organizations
5,034,594
4,792,708
11,031,951
10,927,478
Unrestricted
51,158,214
50,765,849
Temporarily Restricted
16,320,255
21,473,352
Permanently Restricted
15,162,347
14,832,275
Total Net Assets
82,640,816
87,071,476
93,672,767
97,998,954
Total Contributions and Special Events
6,231,360
15,551,665
Less: Amounts Received for Agency Endowments
(355,741)
(447,568)
Net Contributions
5,875,619
15,104,097
Total Investment Income
(529,153)
10,780,091
assets
Cash and Cash Equivalents
Other Total Assets
$
LIabILItIes
Liabilities, Miscellaneous Grants Payable
Total Liabilities
$
Net assets
Total Liabilities and Net Assets
$
PubLIC suPPort aNd reVeNue
Less: Investment Income for Agency Endowments
64,640
(1,001,780)
Net Investment Income (Includes Unrealized Losses)
(464,513)
9,778,311
Revenues from Charitable Trusts
1,213,423
1,889,430
112,917
77,104
6,737,446
26,848,942
10,856,158
9,875,753
(371,130)
(259,561)
10,485,028
9,616,192
Investment Management
52,324
55,924
Less: Expenses Allocated to Agency Endowments
(5,064)
(5,046)
Net Investment Management
47,260
50,878
617,193
583,187
18,625
19,900
11,168,106
10,270,157
Increase (Decrease) in Net Assets
(4,430,660)
16,578,785
Net Assets, Beginning of Year
87,071,476
70,492,691
82,640,816
87,071,476
Other Income Total Support and Revenue
$
eXPeNses
Grants and Related Expenses Less: Grants Disbursed from Agency Endowments Total Program Services
Grants Management and Fundraising Trust Beneficiary Payments Total Grants and Expenses
Net Assets, End of Year
$
$
CoNtaCt INforMatIoN
2711 Middleburg Drive Suite 213 Columbia, SC 29204 803.254.5601 803.799.6663 (F) www.yourfoundation.org
MIssIoN stateMeNt Central Carolina Community Foundation’s mission is to promote, facilitate, and expand philanthropy to create a sustainable impact within our community through responsible giving. To fulfill our mission we: • Encourage donors to make effective charitable giving decisions. • Collaborate to develop creative solutions for important community needs. • Nurture and strengthen community organizations. • Build a substantial endowment to provide for community needs for generations to come.
staff JoAnn M. Turnquist President & CEO joann@yourfoundation.org, x323
David M. Laird Director of Community Impact david@yourfoundation.org, x322
Tonia E. Cochran Director of Marketing & Communications tonia@yourfoundation.org, x329
Kelly Rogers Staff Accountant kelly@yourfoundation.org, x330
Edward E. Conroy, CPA Chief Financial Officer edward@yourfoundation.org, x325
Heather Sherwin VP for Development heather@yourfoundation.org, x331 Kristin W. Williamson Interactive Marketing Manager kristin@yourfoundation.org, x328