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YEARBOOK
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community foundation | great river bend
dear friends It is our pleasure to share with you our Report to the Community, a publication that highlights individuals, families and local agencies working together to enhance the quality of life in the Quad Cities region. We take pride in the accomplishments of our family of donors and are delighted to share with you their personal stories of giving on the pages that follow. The Community Foundation exceeded many benchmarks in 2007 thanks to the generosity of local citizens. We are happy to announce the number of gifts to the Foundation increased by 100% over the past year and 400% over the past two years. We were also able to distribute more than $2.4 million back into the community through grants and scholarship awards, due to the contributions of our donors. The Foundation continues to expand its philanthropic reach by teaming with 11 affiliate community foundations throughout eastern Iowa and western Illinois. Local boards of directors work to create awareness of charitable giving opportunities in their communities and our collective force is paying off. As an example, the Community Foundation of Washington County received its first estate gift and four affiliates now record assets of more than $1 million. We are dedicated to helping you meet your philanthropic goals. Whether we assist you in adding a gift to your favorite organization’s endowment, starting a giving fund for your family, or planning your legacy gift, we are here to serve you. Please do not hesitate to call any Board or staff member to help you. Thank you for your continued support of the Community Foundation. We are pleased to partner with you in creating a better, brighter Quad Cities. We look forward to our continued partnership and to 2009 as another year of success. Sincerely,
Richard G. Kleine
Susan S. Skora
Board Chair
President/CEO
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highlights 2007/2008 our family of donors grants making a difference strategic planning goals alternatives for giving a growing trend partners in philanthropy check us out board of directors staff your invitation
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mission To better our community by connecting people who care with causes that matter.
vision The Community Foundation’s vision for the region is to encourage every person to create a legacy. Our vision for the Community Foundation is to be a philanthropic pacesetter, providing planned giving for donors and matching community needs to solutions for all generations.
highlights 07/08 The Community Foundation reached more than $50 million in assets and it created partnerships with many new fundholders. Total charitable funds are more than 500. The Foundation’s focus on donor services led to the investment in MyFund, a secure online tool to manage your charitable fund. In partnership with United Way of the Quad Cities Area, Quad City Health Initiative, The Moline Foundation and The Amy Helpenstell Foundation, the Community Foundation helped produce the first Community Vitality Scan and Community Vitality Snapshot reports. Dr. Walter Neiswanger left an estate gift of more than $3 million to benefit the Quad Cities area and to support the causes he cared about. Past Board Chairs, Jim Horstmann and Judy Kreiter, received the prestigious Community Service Award from Modern Woodmen of America in 2007 and in 2008. The Café on Vine Endowment was the 100th Organization Fund to be established at the Community Foundation.
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Teens for Tomorrow is in its sixth year of operation and has taught more than 200 high school students about philanthropy. The Leading Ladies Giving Circle is the first giving circle to be created at the Foundation and in the Quad Cities. These women have pledged to stay together until they award $10,000 in grants to local organizations, making a greater impact together than one could do alone. The Morrison Area Community Foundation and Fulton Association for Community Enrichment (FACE) Community Foundation were established as affiliate foundations. Eleven affiliates now serve their local communities. Community Foundation Board and staff participated in a strategic planning session that produced measurable goals for 2010. Matt Mendenhall, Director of Regional Programs, and Willie Breuer, Administrative Associate, joined the Foundation’s staff. Q
our family of donors We reect upon their achievements, recognize their passion for giving back and acknowledge their contributions to our community. We believe every individual, family or organization has a story to tell about their charitable endeavors, and we are proud to share some of these stories with you.
our family of donors “We knew we would enjoy distributing grants to specific causes we care about.”
Stan and Betty Reeg enjoy being involved in the community and with the German American Heritage Center.
Stan and Betty Reeg
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aving lived in the Quad-City area since 1965, Stan and Betty Reeg have both played active roles in serving their community. Through their leadership and volunteerism, the Reegs are used to giving more than asked. “We have always been charitable to our church and have given quietly to other causes around the community,” said Stan. Betty, a retired registered nurse, and Stan, a financial advisor for Wachovia Securities, have donated their time and resources to many organizations including the German American Heritage Center and the DeWitt Community Hospital Foundation. The Reegs have also worked with us in many different ways and are long-time friends of the Foundation. Stan was a leader in helping the German American Heritage Center begin an endowment fund, and he and Betty have contributed to the Foundation’s Community Impact Fund. Stan is currently a member of our investment management team and has advised clients, who
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have charitable intentions, to consider using the Foundation to achieve their charitable goals. “The concept of creating the Reeg Family Foundation Fund at the Community Foundation made a lot of sense to us,” said Stan. “We knew we would enjoy distributing grants to specific causes we care about. We would also receive an additional charitable tax deduction so that was an added benefit.” The Reegs were attracted to the Community Foundation because of our simplicity and flexibility. Stan was particularly interested in our ability to involve his entire family in the giving process. “The goal to include our children and grandchildren in the decision-making process after we pass was attainable,” said Stan. “We can inspire our whole family to be charitable and to allow them to support the causes they feel are important.” Q
our family of donors Marie’s spirit of giving led her to establish a charitable gift annuity at the Community Foundation, which she knew would provide the greatest benefits to herself, her community and the organizations she loved.
Marie Kurtz was a kind and compassionate woman.
Marie L. Kurtz Fund
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arie Kurtz was a woman ahead of her time. In the 1930’s she held aspirations to obtain an education, she owned and drove a car, and she invested in buying a business. Marie was offered a scholarship to attend Marycrest College but declined because it was during the Great Depression and it was necessary for her to work. She accepted a job offer at the Credit Island Grocery store and worked under the direction of the owner, Joe Lagomarcino. Marie eventually purchased the store and served local families with fresh produce and household items, and distributed their mail for a number of years. She grew so fond of the mail carrier they decided to wed and had three children, Thomas, David and Charles. Marie ultimately sold her store to spend more time with her family and to continue her involvement in the community. Marie’s spirit of giving led her to establish a charitable gift annuity at the Community Foundation which she knew would provide the
greatest benefits to herself, her community and the organizations she loved. A gift annuity allowed Marie to receive fixed payments for life. By using appreciated securities to fund the annuity, she enjoyed capital gains tax savings in addition to her generous charitable tax deduction. Marie passed away in January 2008 and her gift now supports six charities that she selected. Like Marie, thoughtful donors allow the Community Foundation to respond to unmet needs as they arise and vary from year to year. Marie’s gift helps the Foundation to support hundreds of Quad-City area nonprofits through its grantmaking program, which distributed nearly $2.4 million in 2007. Marie’s vision for the future of our community and her generosity will be carried out through the Marie L. Kurtz Fund. Q
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our family of donors Mike had the unique ability to influence and to touch the lives of many people. To keep his spirit alive, the Michael J. Barrer Memorial Fund was established.
Michael Barrer loved spending time with his family and friends.
Michael J. Barrer Memorial Fund “
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here was never any question in our minds we needed a way to honor the life of this very special person,” said Roberta Barrer. “Mike was an honest, hardworking man who loved his family, his church and his community.”
program. Mike did not put emphasis on material wealth or possessions, and he never made the amount of money he earned a priority. Rather, his accomplishments were partnering with his wife to raise two talented children.
In 2006, Roberta and her children, Jennifer and Joe, unexpectedly lost a loving husband and a dedicated father. Those that knew Mike will tell you he enjoyed the simple pleasures in life. He was an avid fisherman, camper and woodworker. One could find Mike playing in his backyard with his two dogs, Jordan and Jingles, or having fun with his beloved grandson, Michael Joe.
Mike had the unique ability to influence and to touch the lives of many people. To keep his spirit alive, the Michael J. Barrer Memorial Fund was established. This fund enables the Barrers to make grants to support the issues and organizations he cared about most. Every charitable grant made from the fund honors Mike and his memory.
Service was a priority to Mike and he dedicated much of his time to helping others. He belonged to the Knights of Columbus and Our Lady of Lourdes Catholic Church. Mike took great pride in being involved as a parent at Assumption High School, and even after his children graduated he continued his involvement with the football
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“I know Mike would be pleased and humbled to know his family and friends are keeping his spirit and memory alive,” said Roberta. Q
making a difference More than $2.4 million was distributed back into the community in 2007. With the help of generous individuals, the Community Foundation is able to make grants that advance the activities of nonproďŹ t organizations, award scholarships to educate the leaders of tomorrow, and grow in its conďŹ dence as a leader in philanthropy.
making a difference Sarah Polich, Children’s Therapy Center Physical Therapist
“Literally and figuratively, Kevin is making great strides toward his goal of walking, thanks to the Community Foundation.”
Kevin, Children’s Therapy Center patient
Children’s Therapy Center of the Quad Cities eorge McDoniel would tell you he has the best job in the world. He is the executive director of the Children’s Therapy Center of the Quad Cities and shares a passion for helping children with developmental disabilities and developmental delays. George and his staff work day in and day out to help local children achieve their highest level of independence, while providing the best possible care.
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One of the children benefiting from the equipment is four year old Kevin, who was diagnosed with cerebral palsy shortly after birth. Kevin received physical therapy in his home until he was three years old. Following a visit to Shriner’s Hospital, he was referred to the Children’s Therapy Center to help improve his strength and flexibility, with the ultimate goal of walking.
In 2007, the Children’s Therapy Center was awarded a $7,500 grant from the Foundation’s Community Impact Fund to purchase Lite Gait equipment, consisting of a harness system and an adapted treadmill. The equipment is designed to aid in gait training for children with developmental disabilities and is used on a daily basis in physical therapy. It has also proven to be the most versatile and effective tool for the therapists at the Children’s Therapy Center.
The Lite Gait equipment enables Kevin and his therapist to work on muscle strengthening, balance and coordination, improving the endurance of muscles needed to keep his body upright. The equipment is also useful in recording improvement and can be very motivating to the child.
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“Kevin loves to walk and is always eager to use the Lite Gait equipment,” said George. “Literally and figuratively, Kevin is making great strides toward his goal of walking, thanks to the Community Foundation.” Q
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“ knew from a young age that getting ahead in life would be difficult, but I knew that it was possible.” “Bryan Berry understood he would have to work harder than others to achieve his future goals. He recognized his personal aspirations would one day exceed his family’s financial capabilities, and he was determined to not let this stand in his way. Bryan began working at the age of 14 at a grocery store located within walking distance of his apartment complex. Every penny he earned he saved. “My parents knew that I had big plans,” said Bryan. “They reminded me that college was very expensive and that if I wanted to go I would have to pay for it myself.” Bryan continued working at the grocery store throughout his four years at Davenport North High School. By the time he graduated, he was a full-time manager at the store, was named valedictorian of his class and had been accepted to St. Ambrose University. Bryan saved carefully but with the rising costs of college tuition, he
realized his need for additional assistance. Bryan began searching for scholarship opportunities and came across the Community Foundation’s website. There, he found an array of scholarships for which he was eligible to apply. Bryan was chosen as the recipient of the 2004 Rotary Club of Davenport Scholarship and the 2004 Kautz Family Scholarship.
making a difference
Bryan T. Berry
“Words cannot describe the appreciation I have for those who helped me obtain an education,” said Bryan. “We are often unaware that the things we do, no matter how big or small they are, provide the opportunity to change lives.” The Community Foundation’s family of donors has helped Bryan obtain Bachelor of Arts degrees in business management and marketing, with a minor in organizational leadership from St. Ambrose. Bryan plans to attend the University of Iowa and enroll in its pharmacy program in the fall of 2009. Q
“Words cannot describe the appreciation I have for those who helped me obtain an education.”
Bryan Berry, St. Ambrose University graduate
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making a difference
T4T The Arc of Rock Island County was a recipient of a $1,000 grant in 2007.
Vicki Valle, client worker at Arc Industries
Teens for Tomorrow
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efore Austin Laugen joined Teens for Tomorrow, he volunteered off and on for his church and other community organizations. He enjoyed helping out and always got a good feeling from it. However, Austin never really knew how nonprofits operated until be became a member of Teens for Tomorrow (T4T). “I became a member of T4T in 2006 and have learned what it really takes to keep a nonprofit running,” said Austin. “It is more than just volunteers coming in one day a week to do their part. It takes devoted people constantly applying for grants and organizing events.” The premise of T4T is to not only teach young adults about the role nonprofits play in our community, but to also teach them how to read and evaluate grant applications, and how to make educated funding decisions. At the end of the nine-month program, teens distribute $5,000 to deserving organizations.
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Deborah Johnson, Director of Development and Communications
“After we reviewed all of the grant applications, we began to look at the number of individuals a project would reach and if our money would fill a gap, or if the request touched those truly in need,” said Sarah Bitting, T4T participant. “Although our opinions differed when it came down to awarding grants, we were always able to make decisions that I believed represented the ideals of our program.” The Arc of Rock Island County was a recipient of a $1,000 grant in 2007. The agency’s Respite Program was able to purchase interactive toys specifically designed for developmentally disabled children because of T4T’s award. “The Arc’s Respite Center provides much needed after-school care and intermittent support for caregivers,” said Deborah Johnson, Director of Development and Communications. “More than anything, the Respite Center should be fun! T4T’s grant helped bring enjoyment and engagement to children with disabilities.” Q
strategic planning goals This year, Community Foundation Board members and staff attended a strategic planning retreat. The two-day session proved to be effective as short-term and long-term goals were established, and our vision for the future was created. On the following pages you will ďŹ nd some of our accomplishments so far.
strategic planning goals “I love living here, so I am going to leave my savings behind to benefit future generations.”
Helen Sudbrook
Community Foundation Legacy Society
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embers of the Legacy Society enjoyed gathering at the home of Dennis Norling, Community Foundation Board member and Society member, this spring to celebrate the changing of the seasons. The reception was also a way for the Foundation to honor and to thank the more than 100 individuals whose foresight and generosity will help improve our community’s future. The Community Foundation Legacy Society recognizes those who want to make their mark on the future. Legacy Society members share a common bond – a lasting commitment to our community through a charitable fund at the Community Foundation. There is no distinction regarding the size or the scope of the gift, however, special recognition is given to those whose permanent gifts allow the Foundation the flexibility to respond to unmet community needs as they arise and vary from year to year.
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Becoming a member of the Legacy Society is simple. All you have to do is consult with your estate advisor, or us, and we will work with you to establish a fund that reflects your personal character and values. At the Community Foundation, we respect your privacy and enable you to remain anonymous if you so choose. Legacy Society members enjoy the benefits of membership while inspiring and motivating others to create their own personal legacy for future generations. Q
Those who remember the Foundation through the following types of gifts are invited to join the Legacy Society: Q Bequest through a will Q Gift through a living trust Q Beneficiary designation in a retirement plan Q Beneficiary designation or a gift of life insurance Q Charitable remainder trust Q Charitable lead trust Q Charitable gift annuity Q Remainder interest in a home or farm Q Contingent beneficiary gift
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ince 2003, the Community Foundation has participated in Communityworks, an initiative of the Grand Victoria Foundation located in Chicago, Ill. This program strives to improve the quality of life for Illinois residents and aims to take an active leadership role around the issues of early child care, land use and protection, and workforce development in the Illinois Quad Cities region. One result of the Community Foundation’s involvement with Communityworks is the establishment of a permanent endowment of more than $500,000. Annual grants from this fund will make improvements in each of the three focus areas, and will be coordinated with our local partner, The Moline Foundation. The Foundation’s Communityworks program led to the creation of the Quad Cities Bi-State Early Childhood Coalition. The group’s vision is to assure that every child, birth to school age, has access to high quality early care and education experiences. “By bringing together early childhood stakeholders from both the Illinois and Iowa Quad Cities, we hope to coordinate their ongoing efforts and
resources to more effectively address complicated system-level changes in early childhood care and education,” said Matt Mendenhall, Community Foundation’s Director of Regional Programs, and manger of the Foundation’s Communityworks program.
strategic planning goals
Communityworks
The Community Foundation’s capacity to develop permanent and persistent resources will promote consistency in the work to improve support for young children. Recently, the Foundation awarded $50,000 to five organizations in the three target areas. The grants will improve the quality of child care and education centers, help co-sponsor the Quad Cities Early Childhood Conference and complete a comprehensive workforce survey of early childhood providers. Other grants will contribute to a local watershed study and will support an intellectual properties project initiated by Renew Moline. Thanks to Communityworks, the Foundation has formed strategic partnerships and implemented new projects that will improve the quality of life in the communities we serve. Q
The Foundation’s Communityworks program led to the creation of the Quad Cities Bi-State Early Childhood Coalition.
Participants in the Friendly Kids Corner, a program of The Friendly House, enjoy playing outdoors and have fun interacting with staff.
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strategic planning goals
MyFund Getting started is easy. All you have to do is log on to www.cfgrb.org and click the MyFund icon.
his summer the Community Foundation launched MyFund, a secure online tool that helps individuals and organizations manage the funds they have established with us. So far more than 50 fund holders have taken advantage of this service, and have enjoyed access to their funds 24/7.
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The options to view fund summaries, update contact information and preferences for grant recommendations, and actually recommend a grant are also available. In the near future, MyFund users will be able to participate in coinvestment opportunities with the Foundation and others.
“MyFund is a powerful tool that will help the Community Foundation achieve its mission of connecting people who care with causes that matter,” said Hannah Morrell, Director of Business Operations. “It allows users quick and convenient access to their fund(s), and it has been well received.”
Getting started is easy. If you already have a fund at the Foundation, simply log on to www.cfgrb.org and click the MyFund icon on the right-hand side of the page. You will be prompted to register and within days, a protected username and password will be sent to you. You may also call 563-326-2840 and speak with a member of our professional staff.
MyFund offers many benefits to users including the ability to browse through its searchable database of more than 2,000 nonprofit organizations supported through the Foundation, and the ability to learn more about funding opportunities based on personal interests.
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“We are pleased to offer one-on-one tutorials for anyone interested in learning how to navigate their way though MyFund,” said Hannah. “We encourage all fund holders to activate their MyFund account today!” Q
alternatives for giving Over the course of 40 years, the Community Foundation has evolved in its capability to offer alternative forms of giving. Our array of charitable solutions helps professional advisors meet the needs of their clients. We are proud to partner with hundreds of advisors who guide others through the process of considering, planning and making a gift to the community through the Foundation.
alternatives for giving
“The Community Foundation has evolved and is now able to carry out the charitable intent of any individual, while also retaining their personal identity.”
Hap Volz
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ore than 40 years ago, Marlin “Hap” Volz Jr. walked into Davenport Bank, now known as Wells Fargo Bank, and inquired about working for the company’s trust department. He had completed an undergraduate degree in economics from Duke University and was about to graduate from Duke University School of Law. The bank hired him without hesitation. Today, Hap is the senior vice president and a trust officer at Wells Fargo. He supervises the administration of personal trust accounts and manages charitable funds. Among his many responsibilities, Hap had the privilege of overseeing the Roy E. Murray and the John J. Quail Foundations, independent private foundations created by the estates of both gentlemen. Mr. Murray and Mr. Quail gave Wells Fargo complete discretion over their funds. “They trusted us to make appropriate allocations and to make annual grants based upon the needs of the community,” said Hap. “Because private foundations are particularly complex, I was assigned to be their administrator.” In the early ‘70s private foundations were seen as a way to perpetuate one’s identity while
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Marlin “Hap” Volz and Susan Skora
achieving one’s charitable goals. At the time, the Community Foundation offered many of the same benefits, but it did not enable one to create a named fund. “Over the years the Community Foundation has offered more alternatives for giving,” said Hap. “The organization has evolved and is now able to carry out the charitable intent of any individual, while also retaining their personal identity.” Last year Wells Fargo transferred the Roy E. Murray and the John J. Quail Foundation Funds to the Community Foundation. Private foundations require a great deal of administrative oversight and it began to take away from the foundations’ charitable work. Hap recognized this and understood that converting the private foundations to funds of the Community Foundation would enable more of the charitable dollars to be used for greater community impact. The conversion was simple. “It has been amazing to watch the Community Foundation grow over the last 20 years,” said Hap. “It is a trusted entity and it will ensure that the charitable interests of Mr. Murray and Mr. Quail will be carried out.” Q
a growing trend The formation of affiliate community foundations has helped fuel the rapid growth of philanthropy across the country. We are host to 11 affiliate foundations and provide them with investment management, accounting services, legal expertise and administrative staff support. Four of our affiliates have reached $1 million in assets and many, including the Community Foundation of Washington County, are gaining popularity in their rural settings.
a growing trend “The Foundation is growing in popularity and more and more individuals are choosing us to help them achieve their charitable goals.”
Community Foundation of Washington County
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ver the course of three years, Steve Olson has dedicated much of his time to promoting the good work of the Community Foundation of Washington County (CFWC). In his role as Board Chair, Steve has worked hard to educate people about the benefits of charitable giving and the many giving options the Foundation offers. “Our job is to connect folks to causes that matter to them,” said Steve. “No matter if they desire to support community and economic development, education, the arts, or human and social needs, we can help facilitate this process.” Steve emphasized this message at a Rotary meeting in Wellman, Iowa. His confidence in the CFWC and his belief in giving back to the community sparked the interest of someone in the crowd; an attorney working on finalizing an estate plan for a terminally ill client. “I received a phone call from the attorney shortly after the presentation, and he asked if we had
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the capability of establishing permanent funds,” said Steve. “I told him that was our bread and butter.” Steve’s hard work led to the creation of two permanent funds; one benefiting the Washington County Humane Society and the other benefiting Camp R.E.E.C.E. These funds were able to reflect the donor’s interests in caring for lost animals and for supporting programs for the developmentally disabled. In addition, the CFWC recently worked with the Hawkeye Area Community Action Program to establish an organization fund, and with the Kalona Historical Society to develop an Acorn Fund. Acorn Funds allow individuals to pledge at least $1,000 per year toward an endowment fund goal of $10,000. “The Foundation is growing in popularity and more and more individuals are choosing us to help them achieve their charitable goals,” said Steve. Q
partners in philanthropy More than 100 nonproďŹ t organizations work with the Community Foundation to ensure the stability of their services. Through the establishment of endowment funds, organizations are able to make improvements to programs and enhancements to facilities, and are able to meet unexpected shortfalls in operating support as they arise. We are proud to call these organizations our Endowment Partners and to work with them to improve the community.
partners in philanthropy
“The Community Foundation has been able to meet the goals of generous supporters in ways that we could not have done before.”
Bettendorf Community Schools Foundation Board of Directors
Bettendorf Community Schools Foundation
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he Bettendorf Community Schools Foundation enhances the educational opportunities of its students through the development and distribution of funds. Established in 1980, the Foundation encourages innovative teaching and creative learning by making grants to support new curriculum, programs and teaching tools. In 2007, Bettendorf Community Schools Foundation established a charitable giving fund and an endowment fund with the Community Foundation to sustain the services it provides. “It just made sense,” said Terese TouVelle, BCSF Executive Director. “The Community Foundation’s flexibility and giving options met our immediate needs and our long-term goals for planning a secure future.” The Foundation’s charitable giving fund supports its ongoing mission by awarding grants to schools within the District. The Foundation’s endowment fund is a resource for the future and will provide financial stability and a permanent source of funding in perpetuity. The benefits of opening organization funds at the Community Foundation range from co-branding opportunities
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to help with arranging complex forms of giving. The Community Foundation also provides expert support with professional investment management and fund reporting services. “Even though we are a 501(c)(3) organization, partnering with the Community Foundation was an answer to our biggest problem: how can we encourage people to give money to fund programs for years to come if we cannot provide them with professional investment and individualized accounting services,” said Jack Dane, Foundation Vice President and Attorney at Law. The Community Foundation also assumes responsibility for fund audit and the organization’s tax reporting requirements, enabling Bettendorf Community Schools Foundation to concentrate more on their mission and more on their fundraising campaigns. “Our partnership has been a wonderful experience for me personally,” said Terese. “The Foundation has been able to meet the goals of generous supporters in ways that we could not have done before.” Q
partners in philanthropy
The Library opened its doors just four years ago thanks to an estate gift from the late Merle and Adeline Barkhuff.
Wanda Gardner, LeClaire Community Library Director
LeClaire Community Library
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he LeClaire Community Library has been making quite a commotion. From achieving a $500,000 match in 2004 to build a new library, to establishing an endowment fund in 2007 with the Community Foundation; many celebrations have been had in this quaint river town.
“The idea of a permanent resource with the funds held and invested by a professional intermediary, like the Foundation, was an ideal plan for us,” said Wanda. “To add to the excitement of creating a secure source of funding, an anonymous donor initiated a challenge to grow the endowment.”
The Library opened its doors just four years ago thanks to an estate gift from the late Merle and Adeline Barkhuff.
The Library was charged with the task of raising $20,000 by June 30, 2008, and if they accomplished this goal, they would receive an additional $10,000. In facing yet another ambitious goal, the Library supporters came together and succeeded again.
“Knowing that grassroots support is vital on such projects, the Barkhuff’s bequest stipulated that LeClaire residents raise an equal amount of money for the project before the funds from their estate would be released,” said Wanda Gardner, Library Director. The Library accepted the challenge and initiated a capital campaign to secure pledges and rally community support. Their success in meeting the Barkhuff’s match motivated the organization to try their hands at raising funds to be placed in an endowment with the Community Foundation.
“Seeing the interest and support community members put towards our endowment campaign made me realize how lucky we are to have friends and donors that believe the Library is an important local asset,” said Wanda. “We thank them all, including those who wish to remain anonymous.” Q
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financials Assets
$60
Grants Paid Child Care Community Development Cultural Activities Education Health Human Services
$50
Total Community Impact Fund
total community impact grants: $293,200 $80 $70
$52,821,000
10,000 62,000 35,100 67,200 39,200 79,700 $293,200
$40 $30 $20 $10
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an m hu
co m m un ity
ch ild ca de re ve lo cu p m ltu en ra t la ct ivi tie s ed uc at io n
0
total donor advised grants: $2,152,600 $600 $500 $400
Child Care Community Development Cultural Activities Education Health Human Services Land Use & Protection Faith Based Scholarship Total Donor Advised Funds
13,500 553,900 135,200 260,100 444,200 238,700 2,000 155,800 349,200 $2,152,600
Total Grants Paid in 2007
$2,445,800
$300 $200 $100
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d il cu eve d ca ltu lo re ra pm l a en ct t i ed vitie uc s at io lan hu d ma he n us n al e & se th r pr vice ot s e fa ctio ith n sc bas ho ed lar sh ip
0
total gifts received: $10,098,900 $5,000
$4,000
$3,000
$2,000
$1,000
sc ho l co arsh end m ip ow m m fri un end en en ity ow t ds m i of mp en ch th act t ar e f ita ou fun d bl e g nda cfg ivi tio ng n rb re affi fun l a no lty iate ds np ho fu ro ldi nd fit n s en gs, do inc wm . en ts
0
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Gifts Received Endowment Scholarship Endowment Community Impact Fund Friends of the Foundation Charitable Giving Funds Affiliate Funds CFGRB Realty Holdings, Inc. Nonprofit Endowments Total Gifts Received in 2007
4,515,400 742,300 58,100 21,800 1,875,200 1,470,700 133,200 1,282,200 $10,098,900
board of directors
Dick Kleine, Chair
Diane Harris, 1st Vice Chair
Michael Drymiller, 2nd Vice Chair
Chris Wahlig, Treasurer
Pete Wessels, Secretary
James Horstmann, Past Chair
Katherine Andrios
John Blong
Edward Cervantes
Dennis Norling
Frank Nowinski
Jean Steffenson
Photo caption
Deann Thoms
Marie Ziegler
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staff
L-R: Susan Skora, President/CEO, Brandon Anderson, Intern, Kathy Graves, Director of Finance, Andrew Mosher, Intern, Ali Rorah, Director of Communications, Pat Miller, Program Associate, Matt Mendenhall, Director of Regional Programs, Barbara Melbourne, Vice President of Development, Willie Breuer, Administrative Assistant, Marcia Meinert, Accounting Associate, Hannah Morrell, Director of Business Operations.
Our mission is to connect people who care with causes that matter.
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you are invited… To review our Annual Report in its entirety. All you have to do is visit www.cfgrb.org and you will find a complete listing of: Ǧ ȝțțȢƾ Ǧ ȝțțȢƾ Ǧ ȝțțȢ Ǧ ǀ You can also view pictures and read stories about all of the wonderful individuals, families and organizations working to improve our community. Simply click on the Giving Gallery to access this information. In addition, you can learn more about how to establish your own named fund or how to endow your annual gift to your favorite charity, forever. We are here to serve you, and we welcome your phone call or ǀ ʬ ǂ ǂ ƽ ȠȡȞǂȞȝȡǂȝȣȟț ȇ ǀ ǀ
acknowledgements: Design: Tom Marchese, Edwards Creative, Milan, Illinois Photography: Jeff Cook, Bettendorf, Iowa ƽ ƽ
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852 Middle Rd., Ste. 100, Bettendorf, IA 52722
P 563-326-2840
F 563-326-2870
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www.cfgrb.org