2013 Annual Summary

leadership

future opportunities housing gratitude thankful green space

local

youth development

philanthropy support

talk creative hunger impact senior citizens time effective planning donation animal others sharing innovative welfare charitable help collaborative causes responding conversation

legacy learning together caring community economic development grateful public safety service historic preservation receiving talent the arts collective

resources awareness building

catalyst conservation human services investment faith-based foundation education proven volunteer commit health treasure change nonprofit music sustainability giving generous

2013 annual summary july 1, 2012

- june 30, 2013

executive report While you may see a few

Armed with this information,

On behalf of the Community

new faces at the Community

and through a rigorous planning

Foundation’s board of trustees

Foundation, the mission

process, our board developed

and staff, we thank our donors

on which we have built our

a strategic plan that defines

and partners for their generosity

organization — to promote,

our role in the community and

and giving spirit, and for making

facilitate and expand philanthropy

our obligations to fundholders.

our community a place we are

through responsible giving — has

Central Carolina Community

proud to call home.

not changed.

Foundation will be:

This year, our board of trustees

•

The expert in philanthropy

embarked on a thoughtful and

and the catalyst for charitable

deliberate process to explore our

growth in the Midlands.

position in the community and

•

determine the role we will play as we enter our third decade.

Through discussions with donors,

The trusted steward for philanthropy.

•

The knowledgeable educator for fundholders.

private and family foundations, professional advisors, and friends,

Our work focuses on making

we learned that the Foundation

donor dreams a reality, both now

is valued for its history of service

and after they are gone, so that

and viewed as a trusted partner

their charitable wishes are carried

in philanthropy. We also learned

out into perpetuity. Giving is part

that our stakeholders want us to

art and part science, and figuring

take on an even greater leadership

out the mix involves experience

role in educating our community

and dedication. We are up for

about the importance of giving.

the task.

board of trustees Judith M. Davis, Chair Bruce W. Hughes, Vice Chair Ben Rex, Secretary/Treasurer Scott R. Adams Dr. William Babcock J. Mac Bennett Cliff Bourke Jr.** Sharon W. Bryant R. Jason Caskey, CPA William H. Cason II ** Rita Bragg Caughman Michael C. Crapps Dr. Sharon Reynolds Earle** Eric M. Elkins

Judith M. Davis Chair

JoAnn M. Turnquist President & CEO

*term ended June 30, 2013 | **term began July 1, 2013 | ✝deceased

John Garrison L. Marion Gressette III Henry B. Haitz III C. Carroll Heyward David G. Hodges Dr. Charles B. Jackson Sr.* D. Michael Kelly* Catherine H. Kennedy** Charlene H. Keys Ellis M. Knight* Dr. Percy A. Mack** Dan Mann** Cory Manning Stephen G. Morrison✝*

Linda O’Bryon Dave Peterson John C. Pollok Barbara Rackes George W. Rogers* A. Eugene Rountree✝* Terry K. Schmoyer Jr., CPA Michael Schraibman Sue-Ann Gerald Shannon** Martha Scott Smith Nancy Spencer* J. Hagood Tighe Susie H. VanHuss

2014 - 2016

Build awareness

STRATEGIC PLAN

of our philanthropic leadership

Become more relevant

by offering ways for people to connect and engage with us

Philanthropy Expert & Catalyst for Charitable Growth

Instill confidence

and trust in our fund management

Promote

Facilitate

legacy giving

community change and elevate the dialogue of community awareness and needs

Trusted Steward for Philanthropy & Fundholder Educator

We are the vehicle for philanthropy in the Midlands.

Educate

fundholders about philanthropy and family giving

Increase

services for fundholders

central carolina community foundation serves 11 counties in the Fairfield

midlands by distributing grants and scholarships and linking Kershaw Newberry the resources of donors, nonprofits and community leaders to A

areas of need.

Richland

Saluda

Lee

Sumter

Lexington

A

A

Calhoun

Clarendon

fairfield

kershaw

A

Orangeburg

lee

newberry

A

richland saluda

A

A

lexington

A

sumter

orangeburg

A

our regional affiliates

Greater Chapin Community Endowment Kershaw County Endowment Orangeburg Calhoun Community Foundation Sumter Community Foundation A

clarendon calhoun

growth of assets ASSET GROWTH

ASSET GROWTH

$40,016,703

$40,016,703 $49,981,814

2003

2003

$49,981,814 $79,593,195

2005

2005 2007

$79,593,195 $66,075,282

2009

$66,075,282 $87,071,476

2007

2009

2011

$87,071,476 $96,942,639

2011

$96,942,639

2013

2013

142% INCREASE IN 142% ASSETS FROM

INCREASE IN 2003 TO 2013 ASSETS FROM 2003 TO 2013

TYPES OF FUNDS

funds at the foundation 20

TYPES OF FUNDS

32

Unrestricted

20

Scholarship

32

32

Trusts Unrestricted Designated & Field-of-Interest Scholarship

32

188

49

188

49 51

51

Agency & Fiscal Sponsor Trusts Donor-Advised Designated & Field-of-Interest

Agency & Fiscal Sponsor

17 Funds New Funds Total 372 17 in FY13 Funds New 372 inFunds FY13 Donor-Advised Total

grants distributed in 2013 TOTAL GRANTS DISTRIBUTED IN FY2013 ANIMAL WELFARE %

3.5 | $437,195

Year Two of $1 Million Literacy Commitment In June, Central Carolina Community Foundation awarded $377,650 in Impact

ARTS AND CULTURE %

15 | $1,971,998 COMMUNITY IMPROVEMENT %

4 | $546,244

Grants to seven organizations providing a variety of evidence-based programs with innovative twists on collaboration and partnerships. Together, these grants reach out to 10 of the 11 counties within the Foundation’s footprint and, collectively, could reach more than 17,000 children

ECONOMIC DEVELOPMENT %

10.5 | $1,343,733

through literacy programs.

The grant awards will benefit hard to reach rural populations through home

EDUCATION AND SCHOLARSHIPS %

25 | $3,179,703 FAITH-BASED %

6 | $802,222

visitation, integrate early childhood literacy into pediatric practices and transform communities into those whose children are ready for school. These grants are part of the board of trustee’s three-year $1 million commitment toward literacy improvement across the

HEALTH AND WELLBEING %

19 | $2,509,176 HUMAN SERVICES %

15 | 1,988,039

Midlands.

The Total 2013 Community Funds Impact Grants include:

372

Palmetto Project Reach Out and Read

YOUTH DEVELOPMENT %

2 | $249,214

Richland Library St. Lawrence Place

838

Save The Children

$13,027,525

USC Arnold School of Public Health/ College of Mass Communications & Information Studies

GRANTS TOTALING

United Way of the Midlands

growth of grants awarded GRANTS OF GRANTS AWARDED

$13,027,525

$9,267,939

$4,904,494 $4,259,645

$5,106,960

$4,419,854

2003

2005

2007

2009

2011

2013

TOTAL GRANTS SINCE INCEPTION:

$91,000,000+

In November, the Community Foundation once again kicks 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.

C OMMU H ON OR I N G OU R

MPI ON S NIT Y CHA

•

Individual Champion: Ann Driggers

•

Family Champions: Ervin and Linda Yarrell

•

Business Champion: Columbia Eye Clinic

•

Group Champions: Junior Woman’s Club of Columbia

•

Student Champions: Swansea High School JAG Students

consolidated financial statements As of June 30

2013

2012

6,301,521

5,702,913

Investments

72,990,940

70,405,050

Interest in Charitable Trusts and Life Insurance

17,545,439

17,359,725

104,739

205,079

96,942,639

93,672,767

16,775

25,707

assets

Cash and Cash Equivalents

Other Total Assets

$

liabilities

Liabilities, Miscellaneous Grants Payable

280,613

274,968

Funds Held for Agency Endowments

5,422,651

5,696,682

Funds Held for Supporting Organizations

4,561,635

5,034,594

10,281,674

11,031,951

Unrestricted

53,742,377

51,158,214

Temporarily Restricted

18,428,763

16,320,255

Permanently Restricted

14,489,825

15,162,347

Total Liabilities

$

net assets

Total Net Assets

$

86,660,965

82,640,816

Total Liabilities and Net Assets

$

96,942,639

93,672,767

Total Contributions and Special Events

8,496,627

6,231,360

Less: Amounts Received for Agency Endowments

(285,143)

(355,741)

Net Contributions

8,211,484

5,875,619

Total Investment Income

7,661,827

(529,153)

Less: Investment Income for Agency Endowments

(692,113)

64,640

Net Investment Income (Includes Unrealized Losses)

6,969,714

(464,513)

Revenues from Charitable Trusts

1,086,788

1,213,423

public support and revenue

Other Income

127,423

112,917

16,395,409

6,737,446

Grants and Related Expenses

12,814,381

10,856,158

Less: Grants Disbursed from Agency Endowments

(1,204,954)

(371,130)

Total Program Services

11,609,427

10,485,028

Total Support and Revenue

$

expenses

Investment Management

50,992

52,324

Less: Expenses Allocated to Agency Endowments

(4,623)

(5,064)

Net Investment Management

46,369

47,260

704,664

617,193

14,800

18,625

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

$

12,375,260

11,168,106

4,020,149

(4,430,660)

82,640,816

87,071,476

86,660,965

82,640,816

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 investments.

•

Build a substantial endowment to provide for community needs for generations to come.

•

Nurture and strengthen our community.

•

Collaborate in support of creative solutions for important community needs.

staff JoAnn M. Turnquist President & CEO x323 | joann@yourfoundation.org

Jennifer A. Meyer, MBA, CPA Vice President for Finance x325 | jennifer@yourfoundation.org

Tonia E. Cochran Director of Marketing & Communications x329 | tonia@yourfoundation.org

Kelly Rogers Staff Accountant x330 | kelly@yourfoundation.org

Charlotte Henderson Director of Information Management x326 | charlotte@yourfoundation.org

Heather Sherwin Vice President for Development x331 | heather@yourfoundation.org

David M. Laird Director of Community Impact x322 | david@yourfoundation.org

Kristin W. Williamson Interactive Marketing Manager x328 | kristin@yourfoundation.org