Spring 2009 Newsletter

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

page 2

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.

page 5

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