2014 Annual Summary A Message from Our Executives This year, our Community Foundation is celebrating
to a place that transcends satisfaction and loyalty. A
citizens in the Midlands. With 30 years of grants, now
its 30th anniversary. During the past three decades, our
community’s most attached residents have pride in their
totaling over $100 million, we take pride in providing
Foundation has inspired generosity by talking about
community, a positive outlook on its future and a sense
community members with the tools and knowledge
giving. We have been valued for our history of service and
that it is the perfect place for them to live. And, they
needed to invest in our community.
viewed as a trusted partner in philanthropy. This trust has
actively contribute to their community’s growth.
On behalf of the Community Foundation’s board of
allowed us to grow from a family of 10 funds in 1989 to
Philanthropy – giving time, talent and treasure – can
trustees and staff, we thank our donors and partners for
over 390 funds today.
provide the stimulus that helps attach people to their
their generosity and giving spirit and, for making our
We have also taken the leadership role in educating
community. And, as more people are connected to
community a place we are proud to call home.
our community about the importance of giving locally.
the place they live, work and play, the more they give.
Through programs like Midlands Gives and 30 More
The more they give, the more robust their community
Years of Giving, we have become the catalyst for charitable
– attracting more people who give. And so the
growth in the Midlands of South Carolina. We connect
‘philanthropic pie’ grows.
people to causes they care about most. We also help
This is why we at Central Carolina Community
connect them to their community, building an emotional
Foundation believe so strongly in the importance of
attachment to the place we call home.
giving back to our community. This is why we provide
Community attachment is an emotional connection
stewardship for endowments that enhance the lives of
grants by year
Judith M. Davis Board Chair
grants by location Midlands $7,925,304
$15,000,000 $12,000,000
South Carolina
787
$9,000,000
(outside the Midlands)
$2,039,090
GRANTS
$6,000,000 $3,000,000
Outside South Carolina $608,920
194
2009
2010
2011
2012
2013
GRANTS
2014
194
$0
GRANTS
Total Since Inception $108,000,000
+ staff
growth of assets 2013 | $98,438,619
$100,000,000 2011 | $87,071,476 2010 | $79,714,684 $80,000,000
$60,000,000
JoAnn M. Turnquist President & CEO
2014 | $106,803,692 2012 | $93,672,767
JoAnn M. Turnquist President & CEO x323 | joann@yourfoundation.org Cherise Arrendale Marketing & Communications Manager x317 | cherise@yourfoundation.org Charlotte Henderson Director of Information Management x326 | charlotte@yourfoundation.org
2009 | $66,075,282
board of trustees
*term completed
Judith M. Davis, Chair Bruce W. Hughes, Vice Chair Ben Rex, Secretary/Treasurer Scott R. Adams Dr. William Babcock, MD J. Mac Bennett Cliff Bourke Jr. Sharon W. Bryant R. Jason Caskey* William H. Cason II Rita Bragg Caughman Michael C. Crapps* Elizabeth A. Dinndorf Paul Duane Dr. Sharon Reynolds Earle, PhD Eric M. Elkins
John J. Garrison L. Marion Gressette III C. Carroll Heyward David G. Hodges Catherine H. Kennedy Charlene H. Keys Dr. David Kulbersh, MD Daniel J. Lebish Dr. Percy A. Mack, PhD* Dan Mann Cory Manning Shannon Nord Linda O’Bryon Donna S. Pullen John C. Pollok * Barbara Rackes
Terry K. Schmoyer Jr., CPA Michael Schraibman Roger Schrum Susie Shannon* Martha Scott Smith Stacy S. Stokes, CPA J. Hagood Tighe Dr. Susie H. VanHuss, PhD. Ex-Officio Members, Affiliates Kay Kinard Pauline Lampshire Scott MacFarland Porter Thompkins Christopher Worley
David M. Laird Director of Community Impact x322 | david@yourfoundation.org Jennifer A. Meyer, MBA, CPA Vice President for Finance x325 | jennifer@yourfoundation.org Ebony Perkins, MPA Donor Relations Manager x316 | ebony@yourfoundation.org Kelly Rogers Staff Accountant x330 | kelly@yourfoundation.org Heather Sherwin VP for Institutional Advancement x331 | heather@yourfoundation.org
consolidated financial statements As of June 30
funds AT atTHE theFOUNDATION foundation FUNDS 2014
2013
3,315,021
6,301,521
Investments
83,723,646
72,990,940
Interest in Charitable Trusts and Life Insurance
19,731,757
19,041,419
33,268
104,739
106,803,692
98,438,619
63,693
16,775
278,096
280,613
Funds Held for Agency Endowments
6,224,312
5,422,651
Funds Held for Supporting Organizations
4,716,598
4,561,635
11,282,699
10,281,674
Unrestricted
57,226,543
53,741,477
Temporarily Restricted
22,835,034
19,924,743
Permanently Restricted
15,459,416
14,490,725
assets
Cash and Cash Equivalents
Other Total Assets
$
liabilities
Liabilities, Miscellaneous Future Grants Payable
Total Liabilities
$
net assets
Total Net Assets
$
95,520,993
88,156,945
Total Liabilities and Net Assets
$
106,803,692
98,438,619
Total Contributions and Special Events
8,659,895
7,974,788
(1,941,264)
(285,143)
Net Contributions
6,718,631
7,689,645
Total Investment Income
9,277,702
7,661,827
Less: Amounts Received for Agency Endowments
Less: Investment Income for Agency Endowments
(904,006)
(692,113)
Net Investment Income (Includes Unrealized Losses)
8,373,696
6,969,714
Revenues from Charitable Trusts
1,571,588
3,104,606
127,538
127,423
16,791,453
17,891,388
Grants and Related Expenses
10,652,963
12,814,381
Less: Grants Disbursed from Agency Endowments
(1,981,679)
(1,204,954)
8,671,284
11,609,427
Investment Management
53,591
50,992
Less: Expenses Allocated to Agency Endowments
(4,496)
(4,623)
Net Investment Management
49,095
46,369
692,226
704,663
14,800
14,800
9,427,405
12,375,259
7,364,048
5,516,129
88,156,945
82,640,816
95,520,993
88,156,945
Other Income $
expenses
Total Program Services
Grants Management and Fundraising Trust Beneficiary Payments Total Grants and Expenses
$
Increase (Decrease) in Net Assets Net Assets, Beginning of Year Net Assets, End of Year
Unrestricted Funds $16,142,147
$
101 Escrow Funds $4,963,615
30 Trust Funds
97 Donor-Advised Funds
33 Scholarship Funds
36 Designated Funds
$19,731,757
$4,954,481
public support and revenue
Total Support and Revenue
29
$33,290,060
$16,664,902
16 Field-of-Interest Funds 48 Agency Funds $4,832,418
$6,224,312
390 Total Funds | $106,803,692 Total Assets
grants distributed TOTAL GRANTS DISTRIBUTED IN FY2014 by category ANIMAL WELFARE %
2 | $178,195 ARTS AND CULTURE %
4 | $395,860
COMMUNITY IMPROVEMENT %
18 | $1,910,871
ECONOMIC DEVELOPMENT %
1 | $74,372
A Commitment to Literacy In 2012 the Board of Directors approved a 3-year, $1 million commitment to improving literacy across the Midlands. These efforts led to: • Convening the Literacy 2030 partners and developing regional attainment plan; • Commissioning the Midlands Literacy Needs Assessment; • Commissioning the Economic Impact Study of Literacy; • Granting more than $700,000 for eight organizations for literacy attainment; • Contributing more than 10,000 volunteer hours; and
• Richland Library for The Whole Family: Reading Well, Being Well-Together • Reach Out and Read for School Readiness Initiative • Save the Children for Pre-Literacy programs in Orangeburg County • St. Lawrence Place for Summer Literacy Program • United Way of the Midlands for Ready, Read and Succeed Initiative • University of South Carolina, collaboration between Arnold School of Public Health and College of Mass Communications & Information Studies for Get Ready to Read with Cocky
EDUCATION AND SCHOLARSHIPS %
26 | $2,789,856 FAITH-BASED %
9 | $928,779 HEALTH AND WELLBEING %
18 | $1,880,113 HUMAN SERVICES % $
14 | 1,490,613 YOUTH DEVELOPMENT %
8 | $924,655
The Foundation will have final impact results upon completion of the grant year.
• Reaching more than 10,000 children through high-quality literacy based services.
Foundation has launched Community
Supported organizations include:
Engagement Grants, focused on promoting
• Lexington School District 4 for Summer Learning Program
an engaged, vibrant, compassionate and
• Palmetto Project for My First Books
more information.
What’s Next? The Community
connected community. Visit our website for
1,175 GRANTS TOTALING
$10,573,314