enrich enrich enrich SPRING 2009 Vol. 5, No. 1
philanthropy in our community
Foundation Celebrating 25th Anniversary and New President & CEO What better way to kick off our
which the Foundation is working,
25 year of fostering philanthropy
we feel confident that under JoAnn’s
in our community than by bringing
leadership the Community Foundation
in an experienced, proven leader to
will continue to increase the impact we
continue the momentum that Interim
can make on our community.”
th
President Susie VanHuss brought
JoAnn will lead the Foundation in
to the Foundation? The Community
implementing the long-range strategic
Foundation is very pleased to
plan and assisting donors in achieving
have JoAnn Turnquist leading the
their philanthropic goals. She will
organization as we enter the next
work with Foundation’s board of
chapter in our journey.
trustees and staff to set the vision for
SPRING 2009 Vol. 5, No. 1 “We feel confident that
under JoAnn’s leadership
the Community Foundation
will continue to increase the impact we can make on our community.”
Board Chair David Sojourner
new initiatives and expand the role of the Foundation within our 11-county service area.
As we look back over the last 25
years, we reflect on the growth of the began in 1984 with minimal assets,
a voluntary staff and a great vision.
Cameron Todd served as the first board chair and Marshall Shearouse as the
were awarded from the Foundation in
Community Foundation are very
1989 —17 grants totaling $100,000.
excited about having JoAnn join us at
Today the Foundation oversees more
such an important time in our history,”
than $90 million in assets, allowing
said Board Chair, David Sojourner.
us to distribute over $6.5 million
“With our new strategic areas of
through more than 1,200 grants and
focus and several new initiatives upon
scholarships in fiscal year 2008.
SPRING 2009 Vol. 5, No. 1
inside
JoAnn Turnquist
Community Foundation. The Foundation
executive director. The first grants
“The board and staff of the
philant hr o py philanthropy ininour our com muni t y community
The Community Foundation has
been blessed to have many talented and dedicated individuals, families, businesses and organizations working with us over the years. This partnership has allowed us to create a sustainable
philanthropy in our community
impact through responsible giving. We extend our heartfelt thanks to
everyone who has helped us pursue this mission. You are the community within our Foundation.
Our New Strategic Vision
page 2
2009 Wine Festival
page 3
A Fond Farewell
page 3
We are a nonprofit organization serving 11 counties in the Midlands
Investment Perspectives
page 4
by distributing grants and scholarships and linking the resources of
Grant Opportunities for Donors & Fund Advisors
page 5
donors, nonprofits and community leaders to areas of need.
An Exciting New Initiative
page 6
2711 Middleburg Drive, Suite 213 | Columbia, SC 29204 803.254.5601 | 803.799.6663 (F) info@yourfoundation.org | www.yourfoundation.org
MAKE AN IMPACT
Our Vision for the Future The board of trustees and staff spent the majority of 2008 determining the specific role
Mission To promote, facilitate and expand philanthropy to create a sustainable
the Foundation should have
impact within our community through responsible giving.
within our community. We spent several months completing a strategic planning process. Two
To fulfill our mission we:
key objectives were identified
• Encourage donors to make effective charitable giving decisions.
during this process; the first, to
• Collaborate to develop creative solutions for important community needs.
define a very powerful mission
• Nurture and strengthen community organizations.
statement and the second, to set
• Build a substantial endowment to provide for community needs for generations to come.
a clear vision for the Foundation. These decisions have resulted in new strategic areas of focus,
Core Values
new initiatives and expanded opportunities for collaborating with other leaders in the community. In fiscal year 2010, Central Carolina Community Foundation will shift its competitive
We value: 1. Trust, integrity, and enduring relationships with our donors, nonprofit organizations we serve, community partners with whom we collaborate, and beneficiaries of the philanthropic dollars entrusted to our good stewardship and for which we have a fiduciary responsibility. 2. Excellence and effectiveness in programs, service, governance, accountability and in all that we do.
large number of small Community
3. Diversity, respect and broad participation from individuals in all walks of life.
and Organizational Impact
4. Commitment to the engagement, growth and development of our
grantmaking focus from making a
grants to making larger grants
board and staff.
to strategic areas of focus. The overriding goal is to make targeted grants that will have a measurable, positive impact on issues in our community. The broad areas in which the Foundation has chosen to focus its discretionary funds over the next several years include homelessness, high school dropout rates, literacy and HIV/AIDS prevention. We will continue to provide capacity-building grants for nonprofit organizations that are service providers in these strategic focus areas. This shift in focus does not mean the Community Foundation will no longer support other areas of interest. We will continue to support a diverse array of philanthropic objectives as we help facilitate charitable giving from our donor advisors. The Foundation’s Program and Grantmaking Committee is currently developing specific criteria for our new process. All details will be outlined on our Web site at www.yourfoundation.org by July 1, 2009. If you have questions, please contact Jo Bull at 803.254.5601 x.326 or jo@yourfoundation.org.
Board of Trustess Russell L. Bauknight
Susan M. Douglas
Katharine M. Hubbard
Catherine R. Monetti
J. Mac Bennett
Frank A. Floyd Jr.
Bruce W. Hughes
Donna C. Northam
Carolyn E. Brailsford
John S. Goettee
Chris Leevy Johnson
George W. Rogers
Michael R. Brenan
Henry David Goldberg
J. Thomas Johnson
Gene Rounttree
Peter M. Brown
Elizabeth E. Griffith
D. Michael Kelly
David C. Sojourner Jr.
Chris D. Christiansen
Henry B. Haitz III
John H. Lumpkin Jr.
Samuel J. Tenenbaum
Michael C. Crapps
Daisy W. Harman
Ted O. McGee Jr.
J. Hagood Tighe
Judith M. Davis
Robert R. Horger
Sally T. McKay
Miriam A. Wilson
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Wine Festival a Success Central Carolina Community Foundation would like to thank everyone who was involved with the 15th Annual International Festival of Wines and Food. Once again the generous members of our community have made the Wine Festival a sensational event which will aid the Foundation in awarding grants to local nonprofit organizations in and around the Midlands. This year, attendees sampled wines from over 40 vintners and dishes from 20 restaurants/ caterers at the Festival held on President’s Day at Marriott Columbia. Central Carolina Community Foundation extends its gratitude to the sponsors, restaurants, wine suppliers, musicians, volunteers and patrons who helped make this event a success. If you or your organization would like to become involved with the Wine Festival, please contact Kerrie Newell at 803.254.5601 x.327 or kerrie@yourfoundation.org.
A grand time was had by all!
Stay in Touch
A Word of Thanks
In order to be responsible
During the past 10 months,
stewards of the environment,
Susie VanHuss has expertly
the Community Foundation is
directed the Foundation through
considering moving from a
our leadership transition. Her
printed newsletter to elec-
inexhaustible “yes we can”
tronic newsletters. This will
attitude has helped us build a
allow us to better serve all
compelling vision for our future
our constituents by sending
and a sustainable mission plan.
more timely and better
Words cannot express the
targeted information to
gratitude that the board and
you. If you wish to continue
staff have for the wisdom and
to receive information from the Foundation,
leadership she has brought to our organization. We are
please send an email with your name and current email
thankful for the many ways Susie and her husband Patrick
address to info@yourfoundation.org.
have contributed to the organization through their years of
Susie VanHuss
support. Thank you!
GENEROSITY page 3
As fiduciaries of the funds
experienced a severe –37.0%
modern era (dating back to
established at Central Carolina
return. However, we do not
1927), stocks have posted an
Community Foundation, we
believe we are about to enter
average annual return of 9.6%
appreciate the trust you’ve
the Great Depression II.
(through12/31/2008).
placed in us and we take our
“While short-term perfor-
responsibility to manage our
mance can distort long-term
future long-term results to be
portfolio seriously. The steep
expectations, we prefer to
significantly higher or lower
decline in the stock market
take a longer-term view and
than their historical averages.
during the past few months has
stick to our time-tested prin-
It’s helpful to look at investing in
been unsettling to everyone.
ciples of investing. Our current
stocks as taking an ownership
Market losses have resulted
economic modeling shows an
stake in the economy. In the
in a decline in wealth and our
uptick in GDP later this year
short term, market returns
Foundation, like others, is expe-
based on the economic stimulus
are largely driven by investor
riencing a reduction in value
program. Our current forecasts
sentiment. But in the long run,
based on unrealized losses.
show favorable probabilities
the market has served as a
Although we have experienced
for solid domestic and inter-
reliable yardstick of corporate
a decline, our Asset Manage-
national equity returns even
output (earnings and dividends)
ment Committee, together with
over as short a time horizon
plus inflation. Although there
careful stewardship by our
as five years. Over long-term
are serious concerns about the
investment firm Vanguard, is
time periods, returns in the
health of the economy in the
outperforming the S&P 500
financial markets have been
near term, our economy has
average.
quite respectable. In the 82
proven both industrious and
years of the stock market’s
resilient throughout history.”
Our portfolio is based on
“There’s no reason to expect
INVESTORS
Investment Perspectives
10-year projections and simulations prepared by Vanguard’s Investment Strategy Group. We monitor our results and review our projections frequently with our Asset Management Committee and with Vanguard.
Vanguard Principles Embodied In our Investment Policies: Respect risk: Investments with the potential for great returns also carry
Excerpts from our last discus-
great risks. This was an obvious lesson learned during 2008, when risky and
sion with Vanguard follow.
complex investment strategies failed en masse.
We believe that they will help you understand our long-term
Use a balanced and diversified investment approach: Creating a portfolio with
approach to our investments.
a mix of different asset classes is critical to limiting volatility. Maintaining the
“We believe that we are in the midst of a severe recession, one that (based on the stock market’s recent performance and pricing of risk) will be at least as significant as those experienced during 1974 and 1982. The financial crisis of 2008 engendered sharp declines in equity markets and
appropriate mix is critical to ensuring the portfolio reflects the appropriate risk and return parameters through good markets and bad. This discipline can be especially uncomfortable when stocks do poorly as more stocks need to be purchased to keep the portfolio aligned with its targets. This is a sensible approach that, over time, has produced solid results. Keep investment costs low: Our overall investment costs range between 22 and 29 basis points — significantly lower than competitive investment opportunities.
economic activity around the world and the U.S. stock market
The Staff JoAnn M. Turnquist, President & CEO, x.323
Kerrie M. Newell, Director of Program Development & Events, x.327
Jo Bull, Chief Operating Officer, x.326
Tonia E. Pearson, Director of Marketing & Communications, x.329
Edward E. Conroy, Chief Financial Officer, x.325
Veronica L. Pinkett-Barber, Program Officer, x.331
Mary Haggins-Starks, Office & Donor Services Associate, x.301
J. Larry Snipes, Vice President for Development, x.322
Carolyn M. Holderman, BGTime Project Director, x.328
Judy E. Watkins, Financial Assistant, x.330 page 4
HELPING OUR COMMUNITY
Your Gift, Your Connection
Four Grant Opportunities for our Donors and Fund Advisors The Community Foundation has firsthand knowledge of the support needed to fund the many nonprofit organizations in our community. Through our competitive grantmaking process, we are able to issue many worthwhile grants. However, there are many deserving grants we cannot fund due to limited resources. We are seeking your help in supporting the following unfunded grant requests. The Foundation staff has researched these organizations and support their requests. If you have a fund at the Community Foundation and are interested in supporting one of these programs, please contact Jo Bull at 803.254.5601 x.326 or jo@yourfoundation.org. If you do not have a fund and would like to establish one to support these requests, or other programs within our community, please contact the Foundation.
Fairfield Community Development Corporation | $9,749 MISSION: To revitalize underdeveloped neighborhoods through citizen-driven efforts. PROGRAM SUMMARY: The organization is requesting funds to purchase software (fundraising, operating system, MS Office, Adobe Professional) and create a Web site. IMPACT: The organization will be able to organize and track fundraisers, membership drives, donors and donations. A Web site with e-mail capability will allow supporters and the public to have 24-hour access to the organization and provide a secure means for members to pay dues.
Healthy Learners | $10,000 MISSION: To improve the overall health and well being of economically disadvantaged school children through education, prevention and intervention services. PROGRAM SUMMARY: The organization is requesting funds to continue providing access to health care for uninsured and underinsured children in the Midlands. They work with school nurses and health care provider groups in Lexington and Richland counties. IMPACT: Children experience a positive change in their self esteem and their motivation towards learning in school after they receive health care services.
South Carolina Association of Nonprofit Organizations (SCANPO) | $10,000 MISSION: To serve, support and strengthen nonprofit organizations for a better South Carolina. PROGRAM SUMMARY: The organization is requesting funding to provide scholarships for individuals from 11 nonprofit organizations to attend the Guiding Principles and Best Practices trainings, which consists of nine workshops. IMPACT: With adoption of the principles and practices, nonprofits will grow stronger and will demonstrate they can govern themselves responsibly.
Welvista (formerly CommuniCare) | $10,000 MISSION: To provide donated prescription medications to the working uninsured and provide children of limited-income families with effective oral health care services and education. PROGRAM SUMMARY: To administer an education awareness project in order to reach and enroll more of the uninsured residents in the Welivsta program. This will consist of developing and printing brochures and applications, postage for a direct mail campaign and radio spots. IMPACT: In a period of one year, they anticipate serving 200 new patients in the Midlands. This will decrease the number of ER visits and hospital admissions by uninsured patients because they will have access to needed medications for conditions such as chronic heart disease, diabetes and hypertension.
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Healthy Learners
Non-profit Org US Postage PAID Columbia, SC Permit #83241 Central Carolina Community Foundation 2711 Middleburg Drive, Suite 213 Columbia, South Carolina 29204
Knight Foundation Awards Funding for Project BGTime Central Carolina Community Foundation is one of 21
University of South Carolina to teach seniors new media and
winners nation-wide in the Knight Community Information
technology skills. The media partners will ensure the voices
Challenge, a $24 million initiative to help community
are heard across our broader community. The State Media
foundations find creative ways to use media and technology
Company will serve as a databank and conversation hub for
to keep communities informed. The two-year $383,332 grant
the virtual town hall and ETV will record the process via its
from the John S. and James L. Knight Foundation, coupled
documentary series “Carolina Stories.�
with additional funding and in-kind donations from the partners, will have a total impact of over $1 million to help bridge ethnic, economic and generational lines to increase digital literacy among seniors. Senior citizens in our community have much to contribute to the civic dialogue. However, they often lack the skills and opportunities necessary to use digital media. Led by the
The selection process for students was completed in March
Foundation, a group of diverse partners will work through
at Benedict College and the School of Journalism and Mass
senior centers and community organizations to reach seniors
Communications at USC. The selection process for the seniors
interested in bridging the digital divide. The three sites chosen
began in late March. The program will have a soft launch
to participate in the first year are Capital Senior Center, Oak
over the summer and begin full-time during the fall semester.
Read High Rise and Still Hopes Episcopal Retirement Community.
For more information, visit www.BGTime.org or contact
So how does it all work? IFRA Newsplex multimedia facility will train students from both Benedict College and the
Carolyn Holderman at 803.254.5601 x.328 or carolyn@ yourfoundation.org.
ON THEIR WAY page 6