Come to See Philanthropy Differently Giving Back: The Soul of Philanthropy exhibition opening in Columbia, S.C. February 10 After a nationwide tour, Giving Back: The Soul
soulful and true, they
of Philanthropy Reframed and Exhibited, will
resonate broadly and
open in Columbia, S.C. on February 10th at
tap deeply at the core
Richland Library Main. Columbia will serve
of people any and
as South Carolina’s inaugural host of The
everywhere.”
Soul of Philanthropy, a multimedia exhibition dedicated to sharing the tradition of AfricanAmerican philanthropy. A partnership between Central Carolina Community Foundation, Richland Library and Women Engaged, the exhibition presents the long and unsung legacy of black philanthropy, from generous donors of wealth to every day givers carving a way out of no way.
“When envisioning The Soul of Philanthropy, we set out to reimagine content from Giving Back and present it anew, rather than simply replicating the book on a museum wall,”
The exhibition illustrates black philanthropy
states Fullwood. “The
through highly innovative presentations,
Soul of Philanthropy
including luminous photographic prints on
is designed to cover
metal, iPad kiosks, video and interactive
new ground, to
digital apps featuring music, poetry,
plumb beneath the
photography, narratives and more. It comprises over a dozen vignette stories and more than 50 black and white images that
tsop exhibit photography: darian’s heart
Centuries-old cultural customs and
depict facets of giving across generations.
beliefs about giving, through rarely
The inspiration for this exhibit comes from the
acknowledged as ‘philanthropy’ in
award-winning book Giving Back: A Tribute to Generations of African-American Philanthropists, written by Charlotte, N.C. author Valaida Fullwood with photographer Charles Thomas. The 400-page hardcover book celebrates the giving spirit through photography and stories that honor a centuries-old cultural custom. Valaida describes the books as “stories, so
African-American communities, have long been an integral and
surface of why and how people give and to spur generosity borne, consciously, of the heart, hands, mind and soul. The exhibit is a reminder that philanthropy is deeper than your pockets.” The goal of the exhibit (and the promotional campaign surrounding it) is to showcase the rich heritage of black giving on all levels; raise awareness of philanthropy in all communities
transformation force in lives and
and inspire others to join the conversation
communities throughout American
local South Carolina philanthropists.
society,” Fullwood says.
about philanthropy; and celebrate stories of
— continued on page 8
thank you champions | 2
stay connected 2711 middleburg drive, suite 213 columbia, sc 29204
803.254.5601 | 803.799.6663 (F) www.yourfoundation.org info@yourfoundation.org
we are a nonprofit organization serving 11 counties in the midlands by distributing grants and scholarships and linking the resources of donors, nonprofits and community leaders to areas of need.
news brief | 2 donor advised funds | 3 annual summary | 4-5 four giving traditions | 6 tax law changes and giving | 7 honoring philanthropists | 7 scholarships available | 8
Thank you Champions! The Community Foundation is proud to announce and honor our 2018 Corporate Philanthropy Champions, local corporations and businesses that recognize philanthropy as a necessary leadership function. We celebrate these businesses for their leadership and social investment in our community, making it a better place to live, work and play.
PRESENTING PLUS
PRESENTING
PLATINUM Colonial Life Nelson Mullins Southeastern Freight Lines South State Bank Flock and Rally The State Media Company Columbia Metropolitan Magazine Free Times
PREMIERE PLUS
PARTNER Elliott Davis
PATRON
PREMIERE
NEWS BRIEF
CCCF Participates in Amazing Place Forum Erin Johnson, Vice President for Community
Ameris Bank Cyberwoven HUB International Southern First Bank Sojourner, Caughman, Thomas, LLC Sowell Gray Stepp & Laffitte, LLC Pollock Company Turner Padget Graham & Laney NBSC, a division of Synovus Bank
CCCF President Recognized For Philanthropy
Investment, is participating in Smart Growth
JoAnn Turnquist, CCCF’s
America’s Amazing Place Ideas Forum along
President & CEO, was
with other City of Columbia leaders. The Forum
selected as the December
brings five U.S. cities together to learn and
Foundation Welcomes New Staff Members
Jefferson Award Winner
develop economic development strategies. The
by WACH Fox, an award
program included weekend tours of Denver,
which recognizes local
Colorado and Greenville, South Carolina and is supported by the John S. and James L. Knight Foundation.
joann turnquist
community members for their outstanding
contributions to the community. JoAnn was also selected to the Inaugural Hall of Fame for Columbia Business Monthly’s Top 50 Influential People. We congratulate her on these well deserved awards.
brooke dickerson
jamie bray
The Foundation welcomed two new staff members this fall, Brooke Dickerson as Administrative Associate and Jamie Bray as Advancement Administrative Associate. Brooke will provide administrative and clerical support to the Foundation, assisting with data entry, grant tracking, database management and grantee mailings. Jamie will provide
amazing place forum participants
Staff Member Earns MBA Cherise Arrendale, Strategic Initiatives and
Congratulations Aflac!
Communications Manager,
The Foundation congratulates Aflac, a CCCF
2017 from the Professional
donor and Corporate Philanthropy Champion, for being awarded “Outstanding Corporation” at the Association of Fundraising Professionals National Philanthropy Day Celebration.
graduated in December MBA program at the Darla Moore School of Business. She is looking forward to continuing to apply what
clerical support and event administration for
she has learned to her work
the Advancement Team as well as support
at the Foundation.
cherise arrendale
other administrative needs across departments.
2 central carolina community foundation
Donor Advised Funds The Community Foundation offers several types of fund options to meet the varying philanthropic and financial goals of our donors. Donor Advised Funds provide both immediate impact and sustainable benefits while giving a donor the flexibility to give to numerous organizations and programs. Our current donor advised funds as of January 2018 are: The Academy of Columbia Foundation Fund Deane and Roger Ackerman Family Fund The Addison Family Fund Aflac Charitable Fund AIDS Partnership Fund Alexander Family Fund Allison Family Fund Lynette Lewis Allston and Allard A. Allston Family Fund Aloha Trust Escrow Fund The Andrews Family Fund George and Ford Bailey Fund Peter A. and Mary W. Balbach Escrow Fund Kenneth Baldwin Fund Barone-Johnson Family Fund Beth and Russell Bauknight Fund Charlotte Jackson Berry Escrow Fund Lewis Blackman Foundation Fund Melissa and Joe Blanchard Fund Blanton Escrow Fund Bill and Jean Blount Donor Advised Fund John M Brabham III Foundation The Furman and Kim Buchanan Fund Mrs. Sidney B. Burnett Donor Advised Escrow Fund James T. Burns Charitable Funds Walker Pearce and John Edward Buxton Fund Edward B. Cantey Donor Advised Fund Toby Cassels Donor Advised Fund The Cassels Foundation Fund Caulkins-Anderson Donor Advised Escrow Fund Paul J. Chambers III Family Fund Anne and Neal Christiansen Fund Henry and Emily Clay Escrow Fund Penelope Coker Hall/Eliza Wilson Ingle Fund Columbia Cares Fund Columbia Beautification Foundation Fund - Forever Forest Tree Foundation Consolidated Multiple Listing Service Fund Janet and L. Arlen Cotter Family Fund Jay and Yolanda Courie Community Fund Thomas W. Cozart Jr. Family Foundation Fund Steve and Kathy Creech Charitable Fund Cyberwoven Community Impact Fund The CYD Legacy Fund Malcolm and Kitty Dade Foundation Frank J. and Laura M. Dana Fund Gerald L. and Judith M. Davis Charitable Fund Judith M. Davis Legacy Tuition Based Scholarship Fund for Nursing Judith M. Davis Legacy Tuition Based Scholarship for Nursing Certificates Judith M. Davis Legacy Leadership Fund Judith Monastra Davis Leadership Fund Davis Family Fund Dibble Family Fund Dove Fund William W. Dukes, Jr. and Margaret C. Dukes Foundation Fund The Earth Hand Fund Easterby Family Fund South Ebert Fund for Learning Disabilities The Eccleston-Butler Family Fund Beverly L. Edgell Donor Advised Escrow Fund C.F. Evans & Company Fund Clarence and Virginia Evans Donor Advised Escrow Fund George C. Fant Jr. Escrow Fund Farrell Family Foundation Fund First Fruits Foundation Fund Robert W. Foster Charitable Fund Bobby Foster Escrow Fund Francis Family Fund John and Meg Garrison Charitable Fund The Gilroy Family Fund The Henry and Gloria Goldberg Fund The Goodall Fund Chris Goodall Family Fund
Wayne Gotto Fund Greater Chapin Community Escrow Fund Elizabeth E. Griffith Charitable (Donor Advised Escrow) Fund Chad and Rebecca Gunnlaugsson Family Fund Mr. and Mrs. J. W. Haltiwanger Escrow Fund Steven and Debra Hamm Charitable Fund The Harmon Scholarship The Heart ‘N Soul Band Fund Heart ‘N Soul Band Endowment Fund Stella B. Hennessee Fund C. Carroll and Susan B. Heyward Donor Advised Fund Robert R. Hill, Jr. Family Foundation Boyd C. Hipp II Family Fund Michael and Michelle Hogue Donor Advised Fund Claire Holding Bristow Fund Hootie and the Blowfish Foundation Fund William R. Horton and Mary R. Major Family Fund Addie Lawson Howle and Hugh Stokes Sprott Fund Ashley and Brian Huff Donor Advised Escrow Fund Bruce Hughes Charitable Fund Peggy and David Jacobs Foundation John S. and James L. Knight Foundation Advised Fund Nexsen B. and Sylvia T. Johnson Fund Jones Family Fund Sarah Jones Film Foundation Joshua 24:15 Fund Alan and Charlotte Kahn Family Fund Mike Kelly Charitable Fund Catherine H. and Richard M. Kennedy III Family Fund Dr. and Mrs. David Kulbersh Charitable Fund Mable Wannamaker Leadley Unendowed Fund Lehman Charitable Fund Leichtle Family Foundation Leichtle Family Foundation Escrow Lexington School District Four Education Foundation Lloyd and Doris Liles Donor Advised Fund Lipscomb Family Fund (Donor Advised) Lipscomb Family Foundation Escrow Fund Joyce Binkley Long Ovarian Cancer Research Donor Advised Fund Lynches River Conservation Fund John and Mary Jane Martin Fund Roy and Amanda Maybank Fund Reverend Joe D. Mills Fund Mr. and Mrs. Page Morris Family Fund The Mungo Charitable Fund Nelson Mullins Riley and Scarborough Foundation Fund The Nesbitt Family Foundation Fund CINDY NORD FUND for CHILDREN and FAMILIES Eric Nord Fund for the Arts Nord Cascading Unitrust Escrow Fund Cindy and Evan Nord Family Fund Ethan W. Nord Donor Advised Fund Evan W. Nord Donor Designated Fund Walter and Virginia Nord Donor Advised Fund Community Foundation for Orangeburg and Calhoun Counties Escrow Fund David G. and Joan R. Owen Escrow Fund Theodis Parsons Palmer-McMahon Leadership Fund Palmetto Club Community Fund Palmetto Club Community Non-Endowed Fund Karen and John Wayne Parrish Fund Anne Webster Pearce Fund Alexander Sheldon Perales Fund Nicholas Michael Perales Fund Gabriella Elyse Perales Fund Matthew J. Perry Scholarship Fund Poston Family Fund The Henry Michael Powell Memorial Fund The Preservation Specialists Charitable Fund Mary Agnes Caldwell Pugh Fund for Animal Welfare REACH Fund Redd Family Fund Remensnyder Family Fund Jean Pearce Rentz Fund Jim and Perry Ritchie Donor Advised Escrow Fund Rogers Townsend & Thomas, PC Fund Bill Rogers Escrow Fund George W. and Connally S. Rogers Fund Hannah and Ronald Rogers Fund The Donna and Curt Rone Fund
The Jeryl Salmond II Memorial Fund Marcia Reinfeld Samuels Donor Advised Fund Scarborough Family Charitable Trust Fund South State Bank Foundation Fund Gary Schraibman Memorial Foundation Abbie Schwartz Fund Evan Schwartz Fund Ann Scott Foundation Fund M. Edward Sellers and Suzan D. Boyd Escrow Fund Senior Weatherization Fund Mr. and Mrs. Lowell Shaw Donor Advised Escrow Fund Shine A Light Foundation Wayne Shuler Family Foundation Fund The George E. and Sabie M. Simmons Charitable Fund Mr. and Mrs. John C. B. Smith Jr. Escrow Fund Wilbur C. and Diane T. Smith Donor Advised Escrow Fund Sonoco Scholarship Fund Sonoco Foundation Fund South Carolina Diversity Fund South State Bank Emergency Relief Fund Jim and Rochelle Starkey Missions Fund Mac and Beverly Stidham Escrow Fund Mr. and Mrs. Joseph F. Sullivan Foundation Fund Anabel Hill and Judge Carroll E. Summers Fund Sumter Community Foundation Escrow Fund Ann H. Sutherland Fund Christy and Ken Taucher Donor Advised Fund The Taylor Family Donor Advised Fund Turnquist Csiszar Family Fund The Up and Away Fund Pat and Susie VanHuss Donor Advised Escrow Fund Allyson Nord Wandtke Donor Advised Fund Samuel C. and Mary E. Baskin Waters Foundation Fund The Way of Love The Jan S. and David C. Weaver Fund Wesley United Methodist Church Scholarship Susan P. and Stephen K. Wiggins Family Fund Williams Fund The Robert W. Wingard Jr. Donor Advised Fund Louise McLaurin Womble Fund Women in Philanthropy of United Way of the Midlands Donor Advised Escrow Fund WRS/DMT Donor Advised Escrow Fund Margaret and Chris Yeakel Donor Advised Escrow Fund Dr. and Mrs. William F. Young Escrow Fund Andrew D. Zalkin Charitable Fund
Interested in creating a Donor Advised Fund? Contact Heather Sherwin at 803.978.7831.
Welcome to Our Family These funds were established between October 11, 2017 and December 31, 2017. Please join us in welcoming them to our family. Atkinson Foster Fund The Earl and Sarah Baker and Cassandra Baker McLeod
Scholarship Fund
Chabad of South Carolina Fund Falkner Family Fund Fund for a Better Columbia Hoyt Duncan Fund Hoyt Duncan Legacy Fund The Mill Family Foundation Karen and John Wayne Parrish Fund Pilot Club of Columbia Foundation Fiscal Sponsorship Jay W. Schwartz Charitable Fund Anabel Hill and Judge Carroll E. Summers Fund The Door: Home
3 winter 2018
2017 Annual Summary A V I S I O N FO R O U R FU T U R E For the past 34 years, Central Carolina
In order to increase our impact in the
Connecting our community. Building a
Community Foundation has been dedicated
Midlands of South Carolina we are working
culture of giving. Increasing the impact of
to improving our region through strategic
to build one community connected through
philanthropy through knowledge. We are
grant making, community engagement and
giving by increasing knowledge, opportunities
proud to be part of an organization that
inspiring philanthropy. We were created to
and resources that cultivate community
is focused on these areas and honored to
serve our region’s nonprofit organizations,
connections and increase the impact of
work with folks in our communities who
generous donors, and thoughtful residents
philanthropy.
are striving to enhance the quality of living
who strive to make a positive difference in the place they call home.
Based on our work last year we know that building relationships with a more diverse
In July 2016, our board launched a three-
geographic and demographic audience will
year strategic plan focused on increasing the
help the Foundation board and staff increase
dollars that our donors and board invest in our
our knowledge of community needs and
community; ensuring that everyone has a seat
opportunities. The resulting relationships
at the table to lift up their community through
that are built will help us to increase the
philanthropy; increasing our ability to serve;
impact of the philanthropic dollars we invest.
and increasing our board’s engagement in
listening to their ideas and enlisting them in projects that enhance the place we call home. We learned a great deal from these conversations and this year, our board refined our plan in order to leverage the collective knowledge, creativity and resources within our
good things happen – every day.
Carroll Heyward Board Chair
our work. To achieve these goals we engaged residents throughout our community -
throughout our region. Together, we can make
JoAnn M. Turnquist President & CEO
c o n s o l i d at e d f i n a n c i a l s tat e m e n t s As of June 30
2017
2016
4,758,085
4,192,980
Investments
98,731,269
86,605,192
Interest in Charitable Trusts and Life Insurance
21,488,269
23,413,914
48,337
60,894
125,025,960
114,272,980
assets
Cash and Cash Equivalents
Other
community in order to build a more vibrant
Total Assets
region. Our strategic goals remain the same
liabilities
but the road map to achievement is focused
Liabilities, Miscellaneous
96,654
95,327
outward.
Grants Payable
75,633
76,222
7,691,013
6,523,903
2017-2018 board of trustees Van Anderson
Felicia Rhue Howard
Tod Augsburger
Bruce W. Hughes – Past Chair
Bill Babcock, MD* Russell Bauknight J. Mac Bennett* Cliff Bourke, Jr.
Catherine Kennedy Lou Kennedy David Kulbersh, MD
$
Funds Held for Agency Endowments Funds Held for Supporting Organizations
4,219,340
3,981,557
12,082,640
10,677,009
Unrestricted
94,795,984
85,095,029
Temporarily Restricted
18,147,336
18,500,942
Total Liabilities
$
net assets
Total Net Assets
$
112,943,320
103,595,971
Total Liabilities and Net Assets
$
125,025,960
114,272,980
public support and revenue
Total Contributions and Special Events
14,610,858
18,170,042
Scott Macfarland
Less: Amounts Received for Agency Endowments
(1,049,561)
(340,111)
Cory Manning
Net Contributions
13,561,297
17,829,931
Total Investment Income
9,079,039
1,512,651
Less: Investment Income for Agency Endowments
(839,819)
(121,742)
Donna Pullen
Net Investment Income (Includes Unrealized Losses)
8,239,220
1,390,909
Rita Caughman*
Ben Rex*
Revenues from Charitable Trusts
610,867
1,311,191
Holt Chetwood*
Beth Richardson
Other Income
227,137
338,392
22,638,521
20,870,423
Henry Clay
Roger Schrum
Jill Davis
Susie Shannon
13,031,965
16,819,781
Elizabeth Dinndorf*
Candace C. Shiver
(639,029)
(288,725)
12,392,936
16,531,056
Sharon Earle, PhD
Stacy S. Stokes, CPA – Secretary/Treasurer
Investment Management
60,943
57,677
Less: Expenses Allocated to Agency Endowments
(4,737)
(4,527)
Bhavna Vasudeva
Net Investment Management
Julie Brenan Sharon Bryant – Vice Chair William Cason
Clavin Elam, CLU, ChFC Sara Fawcett
Linda O’Bryon*
John Garrison
Ex-Officio Members
Carroll Heyward – Chair
Jennifer Perritt
Rachel Hodges
*term completed in June 2017
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
$
Increase (Decrease) in Net Assets Net Assets, Beginning of Year Net Assets, End of Year
$
56,206
53,150
827,230
754,452
14,800
14,800
13,291,172
17,353,458
9,347,349
3,516,965
103,595,971
100,079,006
112,943,320
103,595,971
Fairfield
YEAR IN REVIEW
Kershaw
Newberry
A
Lee
M I D L A N D S G R A N T S BY C O U N T Y Richland
Saluda
Sumter
Lexington
A
A
Calhoun
fa i r f i e l d
$16,360 | 9 grants
As our community grows, so does our organization and impact. Thanks to generous donors both today and years past, we are able to celebrate the
Orangeburg
Clarendon
k e r s h aw
$364,453 | 31 grants
A
lee
newberry
$ 6 5 , 7 74 | 1 4 g r a n t s
richland
saluda
lexington
sumter
A
$720,973 | 127 grants
ended June 30, 2017.
$6,716,273 826 grants
A
A
$12,000 | 1 grant
following highlights from the fiscal year that
$383 | 2 grants
A
$ 2 70 , 0 7 3 21 grants
orangeburg
1,561
$ 2 2 0 , 0 74 | 5 9 g r a n t s A
gr a nt s in 2 0 17 tota l ing
$12,091 ,85 7
clarendon
OUR REGIONAL AFFILIATES
$3,371 | 2 grants
Greater Chapin Community Endowment Kershaw County Endowment Orangeburg Calhoun Community Foundation Sumter Community Foundation
calhoun
$5,484 | 5 grants
tota l m i d l a n ds g r a n t s 1 , 0 97 | $ 8 , 3 9 5 , 2 1 8
G R A N TS D I S T R I B U T E D BY CAT EG O RY a n i m a l w e l fa r e
a r t s & c u lt u r e
community improvement
3% | $386,217
5% | $622,369
6% | $771,127
fa i t h - b a s e d
human services
economic development
12% | $1,433,642
30% | $3,648,037
1% | $15,238
h e a lt h & w e l l b e i n g
youth development
e d u c at i o n & s c h o l a r s h i p s
10% | $1,179,942
4% | $472,487
29% | $3,562,798
G R A N TS BY LO CAT I O N
F U N D S BY T Y P E
OUTSIDE SOUTH CAROLINA
Agency Funds D e s i g n at e d F u n d s Donor-Advised Funds Escrow Funds Field-of-Interest Funds Fiscal Sponsorships Scholarship Funds S u p p o r t i n g O r g a n i z at i o n s Trust Funds Unrestricted Funds
229 Grants | $853,397 MIDLANDS
1,097 Grants $8,395,218
SOUTH CAROLINA (OUTSIDE MIDLANDS)
G r a n d To ta l
235 Grants | $2,843,242
dollar amount
$ 7, 6 9 1 , 0 1 3 $ 1 4 , 74 9 , 7 6 0 $50,499,113 $4,952,689 $2,850,683 $532,490 $5,903,008 $4,219,340 $ 1 8 , 1 4 7, 3 3 6 $15,308,241
$124,853,673
G R OW T H O F A S S E TS $120,000,000 $100,000,000
$96,942,639
$106,803,692
# of funds
47 34 123 71 17 14 36 2 23 16
383
$125,025,960
$111,372,843
$114,272,980
2015
2016
$80,000,000 $60,000,000 $40,000,000 $20,000,000 $0
2013
2014
G R A N TS AWA R D E D BY Y E A R Total Since Inception $148,000,000+
2013 $13,027,525
2014 $10,573,314
2015 $11,700,738
2017
2016
2017
$15,906,694
$12,091,857
Total Assets: $ 126,127,000 Number of Grants Awarded: 404 Nonprofits Received Grants: 256 Grants Awarded: $4,011,984 Grants Since Inception: $152 M+
At A Glance From July 1, 2017 - September 30, 2017
The Four Traditions of Philanthropy An interview with Elizabeth Lynn, Founder & Director of the Center for Civic Reflection at Valparaiso University On January 19th, the Foundation had the honor of hosting Elizabeth Lynn in Columbia as part of our Philanthropist’s Forum. Ms. Lynn led participants through an interactive presentation that examined the distinctive philanthropic traditions in the United States and explored the landscape of philanthropy within our community. Elizabeth Lynn allowed us to have a brief interview with her before she left, leaving some valuable wisdom for us to share.
Describe the origins of the Four Traditions. How did you come about recognizing philanthropy in this way? The four traditions of philanthropy really began as a paper for the staff of the Lilly Endowment, a foundation based in Indianapolis. The director of evaluation at that time, Susan Wisely, was interested in looking at the different goals in the giving of the Lilly Endowment. I was a graduate student of the University of Chicago at the time, and she asked me to help her think this through. We sat down and began looking at the giving of the Lilly Endowment, and we really saw these four distinct valuable
of immediate gifts of food and shelter to
access. Civic engagement is really asking
people in need.
those that you seek to help: Do you even eat
• Improvement focuses on helping people move forward in their lives – for instance providing scholarships so somebody can go to college.
• Social reform asks the question: how can we help address some of the structural
fish? What do you want to eat or know about fish? What can you bring to the table and how can you engage in your own community and in leading and improving it? So all four traditions are necessary to help the community.
and legislation and creating more access,
How can donors use the Four Traditions of Philanthropy to influence their personal charitable giving?
more equity, and more justice in the very
I think the four traditions of philanthropy is a
problems that prevent whole classes of people from being able to move forward in their lives? So, often it focuses on policy
structures of our society. • And then finally, civic engagement
traditions of giving in the endowment’s own
focuses on building participation within
history – relief, improvement, reform, and
community – bringing people into civic
engagement.
action together on behalf of their own
Briefly describe the Four Traditions of Philanthropy and why it is important to think of philanthropy in this way?
joann turnquist, anita garrett, valaida fullwood, and elizabeth lynn
communities, so it’s really about building relationship participation, empowering people to lead and serve in their own ways.
useful tool for helping groups of people who are giving together to think and talk more deeply about the choices they’re making. So if you’re part of a family that engages in giving, part of a religious community and you have a mission community that talks about how that community wants to give, part of a foundation or giving circle, or a corporate philanthropy program or employee giving program; you could bring these four
You could think of it this way. Relief is
traditions to the group and talk about which
The four traditions of philanthropy are
giving somebody a fish if they’re hungry.
traditions you’re giving in and want to give
relief, improvement, social reform, and
Improvement is teaching them to fish so
in. It starts a conversation; there’s room for
civic engagement. Each tradition answers a
that they can feed themselves. Social reform
different points of view, and it gets people
different need in our communities.
is making sure they have access to a pond
reflecting on their choices in a way that I
because all the fishing lessons in the world
think inspires action.
• Relief focuses on alleviating suffering and easing pain in the world through giving
won’t make a difference if one doesn’t have
6 central carolina community foundation
Will changes to tax law affect charitable giving? By Heather Sherwin, Vice President for Advancement Experts are devoting quite a bit of attention to this question. Some even claim that charities stand to see a $13 billion decline in giving overall due to the changes in the law.
MOTIVATION FOR GIVING
$ $
They claim that the increase of the standard
73.1%
deduction will reduce the number of donors
Personal Satisfaction
who itemize deductions, reducing the incentive of many to make charitable donations. Others are more optimistic and point toward
34.4% Tax Benefit
year over year findings from various research studies that conclude most people will give
Philanthropy, conducted by U.S. Trust and the Indiana University Lilly Family School of Philanthropy every two years since 2005, reports that “people’s main motivations for giving were to make a difference (73.5%) and
$
for personal satisfaction (73.1%). Receiving a tax benefit came way down in 11th place in the list of possible reasons, cited by just 34.4% of
73.5%
respondents.”
Making a Difference
CCCF sides with the optimists. Below are some strategies for both donors and nonprofits that you may wish to consider this year.
the same amount even if they received no income tax deduction for charitable giving. The U.S. Trust Study of High Net Worth
FOR DONORS Donate stock. The capital gains tax remains unchanged so gifts of appreciated stock are an advantageous way to make a charitable donation. This gift type usually enables you to give more money to the charity than if you sold the stocks on your own, paid taxes on the gains, and then donated the cash to the organization.
contribution to your fund in one year that
with their donors and to focus on the impact
exceeds the standard-deduction limit ($12,000
that they have on lives and how their mission
for single people and $24,000 for couples,
impacts those they serve. If they focus on those
under the new rules). Then, you can gift from
two, they are going to continue to grow their
the fund over several years to charities you
giving — because donors give to impact.”
wish to support. The tax deduction will apply in the year you give to the fund.
Consider adding IRA distributions to your fundraising message. People over the age
FOR NONPROFITS
of 70 1/2 are required to take a minimum
Stay mission focused. In a recent Chronicle
Consider starting a Donor Advised Fund
of Philanthropy article, Kathryn Miree, a
(DAF). CCCF’s minimum to establish a
nationally recognized fundraising expert
Donor Advised Fund is $10,000. Through
states, “The most important thing for
a DAF, you can make a larger than normal
[nonprofits] is to build strong relationships
distribution from their retirement accounts and pay income tax on the distribution. If they donate directly from their accounts to a charity (up to $100,000) it’s tax-free — and their gifts still count toward their minimum distributions.
Our community is strengthened by the dedicated people who lead our nonprofits and the overwhelming generosity of the donors and volunteers who support them. Everyone can be a philanthropist with their gifts of treasure — large and small. We look forward to seeing what 2018 will bring.
Honoring Everyday Philanthropists Best of Philanthropy Awards, November 2, 2017 Every day, people in our community are making
The 2017 award winners are:
a difference. Our annual Best of Philanthropy
Kassy Alia
Awards honors and celebrates everyday philanthropists who make giving a priority. We enjoyed celebrating our outstanding award
Individual Award Consultants in Gastroenterology
winners this year with Columbia Metropolitan
Local Business Award
Magazine during our annual event. Thanks to all
Madison Dinkins
who attended!
Student Award Jamal Stroud Young Professional Award 2017 award winners, left to right: dr. march e. seabrook, madison dinkins, dr. rajeev vasudeva, kassy alia, dr. james a. richter, jamal stroud
winter 2018
7
Central Carolina Community Foundation 2711 Middleburg Drive, Suite 213 Columbia, South Carolina 29204
Scholarship Applications Open Over 40 Local Scholarship Opportunities Available Deadline March 5, 2018 Do you know a high school or college student looking for financial assistance for
$1.8 million+ in scholarships awarded since 1998!
their education? Thanks to our generous donors, the Community Foundation oversees more than 40 scholarships to help students with their education goals. Students can apply for scholarships online and only need to fill out one application if they qualify for multiple scholarships.
To apply, visit www.yourfoundation.org/scholarships
— continued from page 1 “Centuries-old cultural customs and beliefs
In addition to the exhibition,
about giving, through rarely acknowledged
corresponding public
as ‘philanthropy’ in African-American
programs will allow
communities, have long been an integral and
community members to
transformation force in lives and communities
explore a broad range
throughout American society,” Fullwood says.
of topics related to
“African Americans are often left out of the conversation around philanthropy unless fame and wealth are associated or they are
philanthropy. The list of programs can be found at https://tspopcola.org/events.
being portrayed only as beneficiaries or people in need,” continues Fullwood. “But African Americans actually give a higher percentage of their discretionary income to charitable causes than any other racial group in this country. This exhibition will help reframe the discussion and reclaim the root meaning of the word philanthropy, which is ‘love of what it means to be human.’” The exhibit will be at Richland Library Main from February 10, 2018 through May 6, 2018. Richland Library Main is located at 1431 Assembly Street, Columbia, SC 29204.
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top: tsop chandelier at houston event left: tsop ipad installation in charlotte
Find out more about the exhibit via the website at www.tsopcola.org and join the conversation on Twitter and Facebook via @TSOPCola.