2012 Annual Summary

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