of t h e
F OU NDAT I O N
ANNUAL REPORT
TABLE OF CONTENTS FACES OF THE FOUNDATION 6
Board of Directors: Carol Seals
8
Competitive Grants: Molly Flodder
10
Investment: Jeff Lang
12
Scholarships: Aileen Howard
14
Robert P. Bell Education Grants: Waylon Shaffer
16
Finance: Mark Ervin FOUNDATION LEADERSHIP
20
Board of Directors
21
Committees
23
Foundation Staff DONORS & GIFTS
26
Donors
29
New Funds
30
Honorariums
31
Memorials FINANCES
34
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Financial Reports
Friends, It’s taken a lot of people to make The Community Foundation the valuable community resource that it is today. Donors’ support helps us grow and do more across the county. Grantees put grant funds to good use to make the community a place people choose to live. Volunteers give their time to lead the organization on the Board of Directors and to guide our growth and grantmaking by serving on our Finance, Investment, Grants, Scholarships, and other committees. With the support of the people around us, 2019 was a year of development for the Foundation. Our Investment Committee celebrated a history of wise investing. That, paired with our donors making more than 1,100 gifts, helped us reach a new high mark on our endowment - $66 Million. With the future in mind, the Finance Committee made a difficult decision that will reduce our spending policy allocation to protect our assets. They recommended an approach that reduced the percent available annually from 4.5 percent to 4.0 percent over five or more years based on market performance. This approach ensures that the dollar amount of grantmaking remains consistent during the transitional time. In 2019, the spending policy was 4.4 percent. Collectively, our Grants Committees reviewed dozens of applications to award $992,055 in Competitive Grants, $190,000 in Strategic Grants, and $17,977 in Robert P. Bell Education Grants. Our Scholarship Committees recommend $204,763 in scholarship to students from across county. The Foundation granted more than $3 Million in 2019. This year, the Foundation was awarded a planning grant for community leadership from
Lilly Endowment Inc. Our Board of Directors guided us through a series of activities designed to gather community feedback on our most vital roles in the community. In 2019, we said goodbye to Board Members Michael B. Galliher, who will continue to serve on the Finance Committee, and Leland C. Wilhoite, who will continue to serve on the Competitive Grants Committee. We welcomed to the Board Magi Kirkpatrick Sikora, who serves on the Foundation’s Lilly Endowment Community Scholarship Committee, and Casey Stanley, a member of the Foundation’s Finance Committee. In this report, we’ll introduce you to a few of the Faces of the Foundation. They are volunteers who serve on our Board and our Committees. They are your neighbors and friends. Through their service to the Foundation, they work with us to enhance the quality of life in Muncie and Delaware County. We hope you enjoy their stories, and we look forward to hearing your story, too! Sincerely, Kelly K. Shrock President
FACES OF THE FOUNDATION
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F A C E S O F T H E F O U N D AT I O N
FACES OF THE FOUNDATION
Carol Seals
The Power of Philanthropy Through Service Carol Seal’s depth of interests include sports, outdoors, arts and culture, and education. These interests also reflect Carol’s passions in philanthropy, which led her to become a supporter of The Community Foundation.
funds and support that the Foundation provides, not only to organizations in the community but to others who are working to make a change.
“I love what the Foundation does to be a connector in the community,” Carol said. “I’m very diverse in what I like, and the “The Foundation staff works hard to share Foundation knowledge and supports all those expertise with other areas,” Carol funders, donors, “I’m very diverse in what said. “I can give volunteers, and I like, and the Foundation to one place, and organizations.” it supports many supports all those areas, I Philanthropy is great places and not just personal can give to one place, and it causes I care for Carol; it also about.” supports many great places happens to be For the past two professional. She and causes I care about.” years, Carol has is currently the served as Board accountant at Chair of the Ball Associates Foundation’s Board of Directors. Through and was previously the CFO at Indiana her work on various committees, governing University Health Ball Memorial Hospital. the Foundation’s policies and programs, As a professional accountant, she knows and representing the Foundation in the the value behind solid investments and community, Carol’s passion and dedication supporting the Foundation’s unrestricted to the work of the Foundation has grown endowment. In 2019, Carol led the creation exponentially. Until she became a volunteer, of a Board of Directors Fund at The she never fully realized the depth of the Community Foundation by contributing 6 | CFMDIN 2019 Annual Report
a significant gift and encouraged other members to do the same. Carol was born and raised in Muncie and attended Ball State University. She moved away after finishing college but gladly returned more than two decades ago to be closer to family. Carol found comfort in returning to a community where she felt connected and could make an impact. She currently serves on the Board of Directors for Cardinal Greenway, Youth Opportunity Center, and MutualBank Charitable Foundation. She’s an avid fan of all thing’s sports, frequently attending sporting events at Ball State University and throughout the community. She joked that she has become “Aunt Carol” to many of her friends and their families because she always loves attending their events. “Muncie is a great place to live, and I truly believe it is what you make it,” Carol shared. “The community continues to grow and adapt to change, and I love living here and being a part of the change.” Being responsive and adaptive to the community’s changing needs is at the core of the existence of The Community Foundation of Muncie and Delaware County. “When you give to The Community Foundation, you’re not just giving for today. You’re supporting it in the future,” Carol said.
FACES OF THE FOUNDATION
Molly Flodder
Nonprofit Experience to Support Community Grantmaking Giving back to the community is not new for Molly Flodder. She’s been an active community volunteer for most of the more than 40 years she has lived in Muncie.
established to share information about and equip volunteers to address the community’s most pressing issues. With a background in marketing and public relations, developing clear messaging around the importance of PreK, good health, and positive race relations in our community was something in which Molly excelled.
Molly joined the Foundation’s Competitive Grants Committee in 2017, shortly after her retirement from TEAMwork for Quality Living, an organization that she helped Over time, as start in the 1990s. the volunteers of “To be a part of the The Foundation’s TEAMwork took Competitive Grants a hard look at Foundation, you are Committee reviews pressing community reminded that there are so applications for issues, one key the Quarterly challenge appeared many caring organizations Competitive Grants to be the root of and people who make program. In 2019, many of the others – nearly $1 million poverty. TEAMwork up the rich fabric of our was awarded for Quality Living’s community.” to support 46 mission shifted organizations doing to focus on work to improve the empowering people quality of life of Muncie and Delaware County. in poverty toward self-sufficiency. To the Competitive Grants Committee, Molly brings a unique perspective of being on the frontline of nonprofit work. She was one of the dozen volunteer founders of TEAMwork for Quality Living, which was originally 8 | CFMDIN 2019 Annual Report
Through her work at TEAMwork, Molly was used to connecting struggling families to community allies and organizations with programs that might help them meet their goals of self-sufficiency.
$1,000,000 awarded to 46 organizations in 2019 “As a Grants Committee member, I am able to know the parts and pieces of organizations’ missions and understand their role with a broader perspective,” said Molly. “I have become a better advocate and feel good about all the services our community is able to provide.” Molly’s husband, Mark, built the home they share along the White River just outside of Muncie. They have two adult daughters, Maggie and Mallory, who have close connections to home working at Ball Memorial Hospital. Molly and Mark are the proud grandparents of four – two sets of twins. Among several community activities in which she volunteers, Molly is co-director of survivor voices, a choir of cancer survivors and caregivers. In addition to giving her time and talent as a Foundation volunteer, Molly, and Mark, financially support the organization. “I appreciate the macro-focus of the Foundation,” said Molly. “To be a part of the Foundation, you are reminded that there are so many caring organizations and people who make up the rich fabric of our community.”
FACES OF THE FOUNDATION
Jeff Lang
Put Trust in the Foundation to Know Community Needs Volunteerism has always been a part of Jeff and Beth Lang’s lives.
Jeff learned about The Community Foundation from friends and colleagues at Maxon. Because of his financial background, “It’s just been part of our family culture,” Jeff was interested in how the Foundation Beth said. operates on an endowment model. Gifts to the Foundation are invested. Only a portion Jeff recalls one Thanksgiving, where he of the earnings are spent each year, allowing joined his father, who was a member of gifts to grow and increasing the pool of the Lion’s Club, to deliver food baskets to funds available families in their from year-to-year. community. That The Foundation experience left “I continue to feel good provides its donors an impression on about the thoughtfulness with a way to Jeff that helped shape his view of Foundation leaders and give money now, and see that gift on philanthropy know that the Foundation used indefinitely and community to improve the involvement at a will be a support for the community. young age.
community now and into the future.”
Jeff and Beth Lang relocated to Delaware County with their two young daughters in 1995. Jeff began his role as the Chief Financial Officer of Maxon Corporation. While Jeff’s parents instilled strong community values, his role at Maxon pushed him to get involved in his new community. 10 | CFMDIN 2019 Annual Report
“The people who built the Foundation are people to look up to and follow,” said Jeff. “I continue to feel good about the thoughtfulness of Foundation leaders and know that the Foundation will be a support for the community now and into the future.” Jeff initially served as a volunteer on the Foundation’s Investment Committee. Jeff
Only a portion of the earnings are spent each year, allowing gifts to grow and increasing the pool of funds available from year-to-year. later joined the Foundation’s Board of Directors, where he served as Board Chair from 2017 to 2018. Today Jeff continues to volunteer on the Investment Committee and the Strategic Grants Committee. He also serves as Chair of the Foundation Fund Committee. The Maxon Foundation Fund was established at The Community Foundation when Maxon Corporation was purchased. A committee of former Maxon executives and approved committee members review grant applications and make grant recommendations to the Board of Directors once each year. Jeff and Beth established the Jeff and Beth Lang Fund in 2013. This fund is unrestricted to The Community Foundation, which allows the Foundation to use those funds to respond to the needs of the community at any time, even in the future where the needs will look very different from today. “The Foundation’s knowledge of the community needs will always be timely and allow our fund to meet the community’s needs now and into the future,” said Jeff.
FACES OF THE FOUNDATION
Aileen Howard
Life-Long Learner Gives Time to Support Student Success After spending much of her adult life away, Aileen Howard returned to Muncie 11 years ago to be close to her brother and a few special high-school friends. “Coming back to Muncie seemed like going back to my roots,” said Aileen about her decision to come back to the community where she had grown up. Upon her return, Aileen reconnected with old friends, joined social and volunteer organizations to meet new friends, and was encouraged by those friends to do even more. She is a member of the Association of LifeLong Learners and the McRae Club. As a member of First Presbyterian Church, Aileen spends time each week attending meetings and choir practice, preparing statistical reports for church records, and serving with fellow parishioners as a volunteer at South View Elementary School. She also actively participates in her neighborhood
association, attends a weekly current events discussion group, and takes part in a book club at the Muncie Public Library. Aileen noted the great community assets that Ball State University provides. She utilizes the adult fitness center, regularly attends concerts and performances across campus, and specifically highlighted the wonderful music and theatre department.
“Coming back to Muncie seemed like going back to my roots.”
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If that wasn’t enough to keep her busy, Aileen serves as a volunteer on The Community Foundation’s Scholarship Committee. Last year, the Foundation awarded more than $204,763 in scholarships to 73 students in 2019. Community-minded donors established the 51 scholarship funds managed by the Foundation and set the criteria for the awards. Each year, Scholarship Committee members review dozens of applications from students across the community and make recommendations for the awards.
$204,763
in scholarships awarded to 73 students in 2019
“Many, many young people in our community are gifted, talented, and devoted,” said Aileen. “I wish we were able to give scholarships to even more students. It’s a real responsibility as a committee member to make sure you have selected the best out of a group of great students. Scholarships can make a difference in the lives of the students who receive them.” Through her work on the Scholarship Committee, Aileen sees the impact the Foundation can have on students as well as on the whole community. “I look for ways to contribute to make an impact now and long-term,” said Aileen. “The Community Foundation is certainly able to do that.”
FACES OF THE FOUNDATION
Waylon Shaffer
Students Learn More Through Amazing Learning Experiences Sitting in Waylon Shaffer’s fifth-grade classroom at Wes-Del Elementary School, it was easy to see his passion for providing his students with an amazing learning experience. Tables replaced desks making working together more manageable for students. Buckets of manipulative learning tools lined the shelves. Student work was proudly on display.
students to put their hands on the learning process. Let me show you,” Waylon said as he pulled out a box of colored sticks and explained how each color represented a different length. He quickly clicked four orange sticks together to show how he could illustrate a square and a rhombus. He then swapped out two orange sticks for two blue sticks to demonstrate Waylon serves on a rectangle and The Community “I hope more and more a parallelogram. Foundation’s “Students of all people realize that even Robert P. Bell ages benefit Education Grants in small ways, we can when they can Committee. keep making a put learning tools Teachers are in their hands. difference.” awarded Bell Through Bell Grants of $50 to Grants, student $450 for creative interest piques in and innovative classroom projects. things like gardening, engineering, robotics, A committee comprised of one teacher from writing, and beyond.” each Delaware County school district blindly reviews applications four times each school Waylon and his wife, Sarah, live in Delaware year to recommend grants. During the 2018County and have a daughter in the second 2019 school year, teachers received 45 grade at Wes-Del and a new baby boy. Robert P. Bell Education Grants, impacting As a family, they take full advantage of more than 3,441 students across the county. the programs and opportunities in the community. Waylon explains that when they “Teachers use Bell Grants to allow their 14 | CFMDIN 2019 Annual Report
can, they choose to eat and shop locally. A few of their favorite activities are the farmers market at Minnetrista, as well as walking its campus, participating in Cornerstone Center for the Arts educational programs, and attending church at the Jar Community Church, which meets at Muncie Civic Theatre. Waylon and Sarah are also big fans of the Cornfed Derby Dames and go to their bouts regularly. While Waylon has been engaged in the community since coming to Muncie as a Ball State University student, he didn’t know much about The Community Foundation beyond Bell Grants until he began volunteering on the committee. “I didn’t realize how big the Foundation is,” said Waylon. “I’m constantly asking if there is more I can do for my students? Or is there another resource out there that they could learn from. The Foundation is a valuable resource in our community for students, teachers, and many others.” From supporting community-based organizations, like those that the Shaffers enjoy, to supporting teachers and their students, the Foundation helps donors – big and small – make an impact today, and always. “I hope more and more people realize that even in small ways, we can keep making a difference,” said Waylon.
FACES OF THE FOUNDATION
M ark Ervin
Giving Back to the Community He Has Always Called Home Like many Foundation volunteers, Mark Ervin “It’s astonishing,” said Mark. “Whether it’s in first learned of The Community Foundation education, beautification, human services; So from a friend and colleague. That friend just many good things that are important to the so happened to be Jack Buckles, an early community life are touched by the work of and admirable supporter of The Community the Foundation.” Foundation who served as Board Chair from Mark’s passion for Muncie propelled him 2003 to 2005. Mark, who is a partner at into significant leadership roles beyond Beasley & Gilkinson the Foundation’s LLP, began his Board of Directors, service to the “It’s astonishing. Whether it’s including his most Foundation’s ad recent appointment in education, beautification, hoc Development to the redesigned Committee in 2008. human services, so many Muncie Community good things that are As a Muncie native, Schools Board having attended of Trustees. After important to community life elementary school the landmark are touched by the work of at Emerson, junior decision by high at McKinley Indiana legislators the Foundation.” Middle School, and to develop a graduating from partnership Muncie Central between Ball State High School, Mark’s passion for Muncie runs University and Muncie Community Schools, deep. He joined the Foundation’s Board Mark saw this as an opportunity to give of Directors in 2003 and served as Chair back to the community and make a positive from 2013 to 2015. It didn’t take long for difference in a lasting way. Mark to see the breadth and depth to which “To me, there is nothing more important in the Foundation can support good things any community than the local schools and the happening across the community. opportunities they afford for the young people 16 | CFMDIN 2019 Annual Report
who grow up and live there,” Mark said. In addition to this service to The Community Foundation and Muncie Community Schools, Mark is on the Board of Directors for Animal Rescue Fund (ARF) and participates on the Emens Scholars Selection Committee at Ball State University. “It is really important to give back to the community that has been good to me and my family,” Mark shared. “It is important to give back to others, and to the extent that I have skills to share, I’m glad to do it.” Mark is not only a volunteer to the Foundation, but he and his wife, Molly, are annual financial supporters of the Community Foundation. They choose to give both to The Unrestricted Fund and to funds that benefit the organizations and causes that matter most to them, including the Liberty Perry Selma Town Endowment Fund. Mark was on the Foundation’s board and living in Selma when the fund was established in 2012. Annually, grants are made from the fund to nonprofit organizations serving the residents of Liberty Township, Perry Township, and Town of Selma. Today, Mark is
still excited by the potential to impact those communities, not only for today but for the future. “There are few opportunities in life to make a difference, and The Community Foundation affords that opportunity,” Mark shared. “It supplies a vehicle to provide support for something that will have a lasting impact right in one’s own backyard.”
FOUNDATION LEADERSHIP
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F O U N D AT I O N L E A D E R S H I P
FOUNDATION LEADERSHIP
2019 Board of Directors
TRENT DOWLING
ERMALENE FAULKNER
LINDA GREGORY
Star Financial At-Large Representative
Retired, Muncie Community Schools Education
Retired, Muncie Board of Works President Arts, Culture, Recreation
SARA SHADE HAMILTON
MAGI KIRKPATRICK SIKORA
CAROL E. SEALS, CPA
Beasley & Gilkison LLP
Estep-Doctor & Company, PC
Ball Associates
Professional
At-Large Representative
Health/Human Services
CASEY STANLEY
GARY THOMAS
KATHY WHITE, CPA, CGMA
Ontario Systems
Leap Managed IT
Muncie Power Products
At-Large Representative
Business
Financial Services
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2019 Committees Governance Committee Trent Dowling Linda Gregory Carol E. Seals Gary Thomas
Investment Committee Chris Caldwell Ronald K. Fauquher Mark K. Hardwick Tom Heck Thomas J. Kinghorn Jeffrey R. Lang Carol E. Seals
Finance Committee Judy Benken Trent Dowling Mark A. Ervin Michael B. Galliher David W. Heeter John D. Littler Chris Miller Casey Stanley Kathy White
Competitive Grants Committee Chris Day Ermalene Faulkner Jaime Faulkner Molly Flodder Keith Gary Linda Gregory Sara Shade Hamilton Jon Moll Gary Thomas Marianne Vorhees Leland Wilhoite Betty Wingrove
Robert P. Bell Education Grants Committee Michelle Bade Christy Bilby Bonnie Coffman Jennifer Jessie Joan McKinley Candace Neal Stefanie Onieal Jeri Owens Kiki Pavlechko Waylon Shaffer Evan Ward
Gaston Town Endowment Committee Trent Dowling Dick Johnson Brandon Petro Tracy Shafer James Wormer
Land Conservation Committee Jay Allardt John Craddock Sue Errington Sara Shade Hamilton Paul Russell Les Smith John Taylor
Liberty Perry Selma Town Endowment Committee Jim Ballenger Larry Crabtree Heath Dudley Rebekah Ireland Theresa Johnson Brandon Morvilius
Strategic Grants Committee
Lilly Scholarship Committee
Sara Shade Hamilton Jeffrey R. Lang Carol E. Seals Kathy White
Ruby Cain Kip A. Corn John Disher Ryan Groves
Magi Kirkpatrick Sikora Amy C. Thomas Dennis Trammell Marianne Vorhees
Scholarship Committee Terry Whitt Bailey Derron Bishop Keith Doudt Connie Gregory Aileen Howard Mia Johnson Renae Mayes Fred Meyer Nick Tokar
Town of Yorktown Endowment Committee Michael Burke Patti Decker Starr Manning Sarah McCord Bob Ratchford
Chair Emeritus Stefan S. Anderson Jack E. Buckles Wilbur R. Davis Mark A. Ervin Ronald K. Fauquher Suzanne Gresham Jeffrey R. Lang John D. Littler Steven M. Smith Charles V. Sursa Marianne Vorhees
President Emeritus Roni Johnson
In Memoriam Edmund F. Ball Oliver C. Bumb David Sursa Earl R. Williams
FOUNDATION LEADERSHIP
Mission The Community Foundation of Muncie & Delaware County, Inc. encourages philanthropy, assists donors in building an enduring source of charitable assets, and exercises leadership in directing resources to enhance the quality of life for residents of Muncie and Delaware County.
Vision To impact and empower Muncie and Delaware County by enabling philanthropy as a trusted community leader and promoting positive change now and for generations to come.
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Foundation Staff
Our door is always open! Left to right: Kallie Sulanke, Amy Tuttle, Carly Acree-King, Kelly K. Shrock, Cheryl Decker, Marcy Minton
Stop in for a visit:
201 E. Jackson Street, Suite 100, Muncie, IN 47305
DONORS & GIFTS
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DONORS & GIFTS
DONORS & GIFTS
2019 Donors Margaret E. Adams Robert and Jana Adams Shawn Adams Gary W. Addison Jay and Susan Allardt Joseph and Maraby Allardt Allied Enterprises Robert Alspach Muncie Altrusa Foundation, Inc. American Electric Power Hazel Amos Stefan and Joan Anderson David and Toni Annis AstraZeneca Pharmaceutical LP Stephen and Mary Avila Charles and Joycelyn Baer David and Joan Bahlmann Ted and Gail Baker Ball Brothers Foundation George & Frances Ball Foundation Lindsey Bard Nancy D. Barefoot Michael and Patricia Barlow Gary and Kathy Bartlett Lonita Bassett Steve and Amy Bassett J. Robert & Joanne Baur Foundation Daniel and Carolyn Beard Mary Ann Beard Beasley & Gilkison LLP Bob and Kim Beasley Michael and Mary Jane Becher Joe Beck Lindsey Becker Horan Waldo F. Beebe John and Jane Beekman David and Mary Benbow Mark Benham Judy Benken Arthur and Patricia Bennett Daniel and Janet Benson Kevin and Teresa Bergan Dennis and Mary Beville Vicki Bicket Kenneth and Patricia Biller Jeffrey and Susan Bird Derron and Charity Bishop Donald and Jane Black Patrick Black
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Dennis and Tanya Blair Michael R. Blake Stephanie Lykens Booth Pat and Jane Botts Zachery and Cara Bow Forrest and Mary Bowers Christina M. Bowles Boyce - A.E. Boyce Co., Inc. S.A. Boyce Corporation Scot and Jo Boyce William and Margee Bracken Betty Brewer and Steve Perry Ann E. Briggs Kenneth and Peggy Briner Frank Brinkman Law, PC Brian and Tina Brinkman Robert and Mary Brodhead Sally Brodhead Jill Flynn Brown Michael and Lisa Brown Donna Browne Nancy Browning Patricia Brunette Juanita A. Bruns Jack Buckles Ed and Kathy Burgauer Jon and Karen Burkhardt Burris Class of ‘68 John and Donna Burton Robert and Lydia Burton John Burwell William Butz Chris Caldwell Alyssa and Denis Campbell David Campbell Bruce A. Cantrell and Rick C. Cantrell Care Animal Hospital Domenico Caristi Bruce Carmichael Mary Guinup Carnes Ann Carney David and Jama Carter Jeffrey and Connie Carter David Case Richard and Marisue Caupp Marilyn Chalupa Katherine Huston Chandler Christian Student Foundation, Inc. Lee C. Christie
Jill Christman Patricia Clark Dr. Thomas R. Clark Samuel and Teresa Clemmons Susan Cline Michael and Susan Cloyd Eric Cole Phillip and Carolyn Cooley Robert Cooper Estate Ann Covalt Donald Covalt Chris and Tara Covey Brian and Michelle Cox Gordon and Pam Cox Sharon Cox John and Pamela Craddock James and Janice Craig Allie and Juanita Craycraft Marlin and Mary Ann Creasy Christina A. Cross Linn and Susan Crull Carolyn K. Cullison John Cullison Ted Cunliffe Carol Curran Darlene Curts Daleville Athletic Boosters Jennifer Miller Daniel William and Jenny Daniel Wil and Cynthia Davis Jim and Cheryl Decker Michael and Lucinda Delaney Delaware Advancement Corporation Delaware County Farm Bureau Insurance Delaware County Historical Society Deleware County Jail Commissary Fund Jason and Melissa Delk Jack and Patricia Demaree Lesley Devine Ilene Dobrow Cherilynn Dollison Cornelius and Mary Dollison David M. Donovan Julie Wright Doolittle Richard and Melinda Douglass Anthony R. Dowell MD Kent Dragoo Ken and Neenah Dressler Brian and Christine Dudley Larry J. Durham Eaton Veterinary Clinic Rick and Lila Edmundson Joe and Jennifer Edwards
William and Barbara Eidson eKeeper Systems Incorporated Charles A. Elliott David Ellis Damon E. Elmore Sue Errington Mark and Molly Ervin Estep Burkey Simmons, LLC James and Toni Estep Lance and Mary Jo Estep Tony and Amy Evans Exchange Club of Muncie Richard Falls Christopher and Melanie Fancher Barbara Ward Fanning James Fanyo Kevin and Bonnie Farrell Edgar and Ermalene Faulkner Edgar and Anissa Faulkner III Ronald and Cheryl Fauquher Joseph F. Feick Jeffrey and Susan Felton Leslie Allen Felts Nancy Fike Gregory Filter Nancy Finan Estate First Merchants Bank First Merchants Corporation James and Elizabeth Fisher Jerry and Pauletta Fisher Jud and Carey Fisher David Fleenor Mark and Molly Flodder Thomas and Cheryl Foote Mary A. Foster Floyd and Shirley Freer James Friddle Friends of Southside Spirit Scholarship Friends of The Star Press Karen Hall Fuson Amy Gackenheimer Bill and Vicki Gaddis Jean Gadziola David and Nancy Galliher Michael and Catherine Galliher Thomas and Carol Gardiner Paul and Vickie Garrison Keith and Debbi Gary Scott and Jane Gasser R. Martin George and Sharon L. Bowman Donna Gilkison Chad Gilliam Niki and Richard J. Gillis, II
Richard and Renee Gillis Marlene A. Girton Glad Tidings Assembly of God Church David and Marcia Gobble Rex and Margaret Goen James and Martha Gooden Wayne and Linda Gray Gilbert Greene Keith Greenwalt and Marla Templeton Terrie Greenwalt Connie R. Gregory Della D. Gregory Linda S. Gregory Suzanne Gresham Michael and Carolyn Grieves Bruce Grim Greater Muncie, IN Habitat for Humanity, Inc. Kent Haffner David and Tammy Hahn David and Carol Hamilton Frederick M. Hamilton Hal and Rhoda Haney Linda K. Hanson Mark and Cathy Hardwick Michael E. Hardwick Jason and Stacey Harrington Bill Harris Sam and Carolyn Harris Gayle and Jeannine Harrold Hazelett Farm- Consulting David and Deb Heeter Fredric M. Hefter Patrick and Susan Helfrich Marilyn Tomlin Henderson Jon and Janis Hendrix Steven and Kristen Herbst Charles and Charlotte Hetrick Keith and Linda Hiatt Brandon and Sara Shade Hamilton Richard and Shirley Hochstetler Linda Hollis Janet Holmes Home Laureates Home Savers of Delaware County Hood Life Agency David and Suzanne Hoover Carol Hanley Hosford Mark and Dena Hosier Daniel and Mary House Aileen Howard David Howd Dean Howd
Mary Mansfield Howell Craig Hoyt Charlene Houk Huffman Gregory A. Huffman William and Roseanne Hughes Sandy Kultti Hunsicker Steve and Kim Hunter William and Virginia Hunter Deborah George Hyland Greg Icenogle Fred Imhof Indiana Pork Producers Association T.D. and J.J. Ingram John Irwin Mitchell and Rebecca Isaacs JCB Bank Sarah and Bill Jenkins Cedric and Marsha Johnson Gordon C. Johnson Patrick Johnson Roni Johnson Susan Johnson Donna Johnson-Adams Michael and Jackie Johnston Robert Johnston Jonathan Jones Stephan and Janet Jones KAKATU Foundation Cheryl Myers Kazmier Katherine Roberts Keenon Stanley Keil Eric and Sandra Kelly John and Marcia Kelly Betty Kendall Martha Kendrick Carol McGuire Kennedy Patricia Kennedy William K. Kerr Tiffany J. Kerrigan Martha E. Kersey Robert Kersey Jeffrey and Ruth Kiger Jo Kincaid Darrell and Sheila King Jack and Mary Ann King James and Shirley King Thomas and Nancee Kinghorn Kirby Avenue Church of God Kathy Kirby Thomas and Anita Kishel Harry L. and Janet M. Kitselman Fund Kirby and Anne Koriath John A. Koumoulides
DONORS & GIFTS
Tom and Alicia Kovach Dennis and Carolee Kramer Steve Kreps Steven M. Krug Robert G. La France Janet Dearborn Lambert Mary Beth Lambert Jeffrey R. and Beth Lang Shirley Lanum Janice Largent Jean Warrner LaSpina Doris Lawhead James and Martha Laws LEAP Managed IT Lory Lee Susan Leffler William and Sherry Lewis Dale and Teresa Lindley John and Katherine Littler John and Barbara Lombardo Chris and Janice Long Terry Lothamer Laurie A. Lunsford Mary B. Lunsford Mike and Nicci Lunsford David and Sandra Madill Phyllis J. Madix and Theresa L. Klein Michael and Andrea Malnofski Tom Manning Meryl E. Mantione Patrick Mapes Maplewood Animal Hospital John and Jennifer Marsh Robert Marsh Gary and Malanie Marshall J. Richard and Elizabeth Marshall Philip and Ladina Martin L. Jay and Mary Ann Matchett Niles Maurer Micah Maxwell Michael and Elizabeth McClinchie Tom McConnell William and Janet McCune Mark and Joann McKinney Meeks Mortuary, Inc. Beatrice J. Mertens Mary Coil Messersmith Fred A. Meyer Jr. Donald and Carolann Mikesell Hank and Terri Milius Nancy H. Millard Abigail Miller Al Miller
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Chris and Betsy Miller Greg Miller J. Kenneth and Beverly Miller John and Grace Miller Kevin and Sherri Miller Tim and Ann Miller William V. Miller and Annemarie Voss Minnetrista Jason and Marcy Minton James E. Mitchell Lisbeth Mitchell Jeff and Judy Moll Jon and Barbara Moll Norman Moll Roger Moll Monday Afternoon Club Michael Monroe Marta Moody E. Bruce and Sandy Moore Jay and Karen Moorman Mark and Mary Mordue Daryl and Linda Morrical John and Barbara Mudgett Muncie Elks Lodge Steven and Lisa Murphy Murray’s Jewelers Eric Mussler MutualBank MutualBank Charitable Foundation, Inc. Rick and Eva Muzzy Katherine Easton Myers Kathryn H. Nagy Susan Nelson New Vision Orchids Virginia Miller Nilles Normandy Flower Shop Gerald and Joanne O’Donnell John and Margo Oesterle Old National Bank Corporation Old National Bank- Muncie Oren and Mary Ann Olinger Kathie M. Onieal Ontario Systems, LLC Keith and Betty Orebaugh Roger and Sharon Orebaugh Don and Claire Park Bradley Patterson Wayne and Ruth Payne Peckinpaugh & Beasley, Inc. Jack Peckinpaugh Jerry and Jan Peirson P. Neil and Lynda Perrel Thomas Perrin
Frank and Angela Petty David and Tamara Phillips Gautam and Ajanta Phookan Ana Pichardo Karen R. Pickering John Pingry Lawrence and Nancy Piotrowski Donna Polcz Mark and Karen Popovich Barbara Pressler Vincent and Deanna Pucciarelli Wilma Purtlebaugh Judi Putt Judy Yuncker Putt James Pyle Wanda H. Quinn-Isenbarger Bonita J. Ramirez Greg Rawson David and Rebecca Readle Jerome and Edie Reaves Michael and Debra Rechin Charles and Jackie Rector Steve and Amy Reed Jeffrey and Catherine Reese Linda Rent Ibe Reynolds David Richardson Michael Richmond Daniel and Sherry Ridenour Nancy Riegle Roger and Linda Ritchie RL Canning Harold and Rita Roberts R. Donn and Freida Roberts Roche Diagnostics Donald and Carolyn Rodeffer Judith Roepke David J. Roof Mary Rose James and Mary Rosema Donald and Trula Ross George and Carol Ross Jerall and Joan Ross L. David and Ann Marie Ross Rotary Club of Muncie Michelle Liston Rotz Tom Rotz Rick and Elizabeth Rowray Max and Barb Rudicel Jerry and Nanette Rushton Timothy Ryan Tania Said Marilyn Scales
Helen Schache George and Connie Schad Patricia Schaefer Charles Schalliol Judith Schell Joel and Rebecca Scherrer Dana Gindhart Scheurer Kay Schnuck Steve and Kendra Scibetta Carol E. Seals Lois and José Seijo Paul Sellers Peggy Selvey Hamer D. and Phyllis C. Shafer Foundation Shafer Leadership Academy Stephanie Shaffer Kerry and Donna Shaw Robin Shear Corby Sheffield Sherfy Scholarship Golf Outing David and Juanita Sheward Harry Shrieve Kelly and Joel Shrock Sigma Phi Epsilon, Indiana Gamma Chapter Sandra Sigo Margaret A. Kirkpatrick Sikora and Jeffrey Sikora Al and Julie Simmons E. Scott and Tara Smalstig Andrea Horton Smith Greg and Sandra Smith Jeffery Smith John Smith Leslie H. Smith Michael Smith Nancy J. Smith Steven and Barbara Smith Thomas and Pamela Smith Van and Margaret Smith Robert and Marilyn Smitson Mary Ann Snider Larry and Jeanine Souders Genet Soule William and Isabelle Sowers Willie Spry Gordon and Susan Stagge Daniel and Lynne Stallings Casey and Jennifer Stanley Kelly and Donna Stanley Jeffery Stassen Cheryl J. Steele Donald and Ramona Stetson Ronald Steventon
Daniel and Catharine Stewart James and Gail Stewart Shelly Stillwell Michelle Reese Stonecipher Robert and Janet Stratton Gary Street Alex and Kallie Sulanke Sally Cannon Surber Charles and Claudia Sursa Joseph and Jolena Sutherland Robert Sutton Scott and Lisa Taylor Allan and Carolyn Thomas Charles and Jane Thomas Gary and Amy Thomas Wayne and Carolyn Thomas Dennis and Melinda Thompson Michael and Ruth Ann Tolle Helen L. Towne Amy Tuttle and Eric Cornett Phillip R. Tuttle Jane Ulrich Lisa Ulrich United Health Group United Way of Delaware, Henry, and Randolph Counties James and Munjot Updike USAA Warren and Joy Vander Hill Sally J. Vasicko Gregory and Teresa Vaught Anna Coil Velez Harry Vernon and Anita Martin James Vincent Michael and Louise Volpp Skip and Marianne Vorhees Melissa Voss Peter and Franky Voss Dennis Wagner John Wagner Rex and Rhonda Waldo Steven and Marilyn Waldo Chris Walker Terry and Cheryl Walker Daniel K. Wantz Brian C. Waters Carol Watkins Melissa Weaver David Weir Larry and Lona Wesley Westminster Villas Donald and Sue Whitaker Douglas and Katherine White
Susan Whitehair James and Elizabeth Whittern Doris Jane Wiley Wilhoite Family Farms Leland and Mary Wilhoite James and Jennifer Williams Lawrence and Judith Williams Erin and Scott Wilson James and Pamela Wingate Suzanne Wingate Betty Wingrove Donald and Deborah Winkle Michael Wolfe John and Sandra Worthen James L. Wright Jamie and Sally Wright John Wright Marianne Wright Mark and Mary Ann Wright John and Susan Wulff Ye Olde Birthday Clubbe John Yeo Yorktown High School Cross Country Boosters Alyce M. Zahn John and Sarah Zanetis Sherman and Marjorie Zeigler Foundation, Inc. Richard and Jeanne Zeigler
2019 New Funds Gary Addison Fund Delaware County Historical Society/ Hurley C. Goodall Statue Maintenance Fund Edgar Faulkner Sr./Ermal S.Roundtree Fund Ron and Cheryl Fauquher Fund Nancy Finan “The Hair Goddess” Fund MCS CEO Endowment Fund Ontario Systems-Wil Davis and Ron Fauquher Fund Muncie Elks Lodge 245/H.Wayne Standerford Scholarship Fund Wheeler Orchid Collection & Species Bank Fund
DONORS & GIFTS
2019 Honorariums Randy Albertson Steve and Joan Anderson Ball State University Waldo F. Beebe Eileen Bengert Cathy Bretz Pat and Franklyn Brinkman Rachel Buckmaster Martha Calloway Wil and Cindy Davis Delaware County Historical Society, Inc. Cornelius Dollison Ron and Cheryl Fauquher Christopher Flook and Kourtney McCauliff David and Nancy Galliher Keith Greenwalt Linda S. Gregory Suzanne Gresham Naim and Shailla Gupta Nancy Hansan Wanda Hicks
30 | CFMDIN 2019 Annual Report
Matthew Howell & Angie Rogers Jordan Huffer Mitch Isaacs Roni Johnson Betty Kendall Sam, Emma and Grant Keppler Jeffrey and Ruth Kiger Muriel A. Kishel John A. Koumoulides Robert La France Shirley Lanum Cheryl Lindus Michael Lunsford Nicci Lunsford Denise Mahoney Linda McGalliard Malcolm and Ann Metzler John Miller Jon Moll Robert Rector
Daniel Ridenour Jim and Mary Rosema Randy Salway Carol E. Seals Kelly Shrock John Smith Kevin and Jennifer Smith Pat and Laura Smith Van and Margaret Smith Jerry Sparenberg Robert L. Sratton Casey Stanley Kelly and Donna Stanley Darin and Laura Tobias Dale Vold Annemarie Voss Robert Walters Betty Wingrove
2019 Memorials Christi Acree Sarah E. Adams Tiny Adams Singleton Arlene Allen-Washington (Becky) Gloria Bales Philip and Ester Ball Nancy Barnett Waldo Beebe Steve and Joyce Bell Arthur and Meryl Biggane David Blimm Patrick Botts Stephen and Beatrice Brademas Dr. James Brademas Dr. John Brademas Juanita M. Bragg George Branam Alyx Brinkman Patricia and Franklyn Brinkman Sr. Marsha Brown Roy D. Brown Bill Bruns Richard and Dorothy Burkhardt Susie Burns Scott D. Cardle Marilyn Carey Mark Carter Clarence Chalfant Jerry Cole Janett Cooper Franklin Cross Larry Crouch Molly Day Thomas Devine Larry Dollison Sr. Coralea Edwards Katie Van Eerden Mrs. Jacqueline Joyce (Brown) Elmore Michael Fallon WH Fike George Fisher Aileen Marie Ford Charles Melvin Friar Zach Greenwalt Julian Gresham Stephen Hamilton Nancy Hansan Sue Ann Harris
Nina Hatfield Patricia Helms Charles Hiatt Greg Hill Bob Hinshaw Jon Hunter Jack Isenbarger Lois Johnson Ann Roberts Keener Gertrude Eileen Keener E.K. Keesling Kathleen Kiefer Keil Laura Keppler Jeff Kesler Dennis Kirts Anastasios and Sophia Koumoulides Dorothy and Ronald Kratz Joe Lamble Alice Lancaster George (Kip) Laws Jim Leffler Lonna Long Cecil Lorance John B. Lotz TJ Lowe Todd Lowe Don Mays Warner Mitchell Barbara Moll Joe Mook Jerry Moore Sherry Murphy Barbara G. Murray J. Barbara Murray Woody Noblitt Christina Stoner Norman Allen Nowakowski Ron Orebaugh Ellen Payne Osborn David A. Palm John K. Parker Janet Penrod Jill Pickart Bill and Kate Pingry Bill Putt Victor Renfro Al Rent Joseph Ridenour Adaline Shroyer Rinker
Betty Rinker Thomas Rotz Tom K Ryan Verna Schaaf Dale Schell Joe Scherrer Tom Schnuck Stella Shal Ann Sheridan Patricia Ann Shrieve Beth Siler Marilyn Simmons Dixie Smith Jeanne Smith Carolyn Snider Bob South Tom Spurgeon Patty Styles Annie Summers Mary Jane and David Sursa Carol Trimmer Molly Tschour Joseph Upchurch Rex Allen Waldo II Eileen Walters Rollin E. Ward Bobby Watters Charles L. Whitehair Ben Grady Williams Lori Kistler Wills Marilyn Wilson Faye Wingate
Pets: Foxy Keli Lambchop (Le Chop) Miles Cornett Sadie The Sophisticated Bronco Stella Nation Brinkman
FINANCES
32 | CFMDIN 2019 Annual Report
FINANCES
FINANCES
Financial Information CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2019 and 2018 ASSETS
2019
2018
$2,695,334
$3,787,335
Prepaid expenses
2,668
1,450
Pledges receivable
94,883
224,675
Cash surrender value of life insurance
607,417
604,528
Property, building and equipment, net
28,442
29,231
63,367,852
53,888,160
$66,796,596
$58,535,379
2019
2018
$263,520
$247,623
-
888
189,966
732,940
4,207
6,237
6,106,900
5,355,997
646,281
559,615
7,210,874
6,903,300
2019
2018
213,788
174,796
59,371,934
51,457,283
59,585,722
51,632,079
$66,796,596
$58,535,379
Cash and cash equivalents
Investments
LIABILITIES Grants payable Administrative expenses payable Deferred revenue Annuity obligations payable Funds held for the benefit of others Investments managed for others Total liabilities
NET ASSETS Without donor restrictions With donor restrictions
The Community Foundation of Muncie and Delaware County, Inc. and Related Entity The audited financial statements are available on our website at CFMDIN.ORG *The Community Foundation of Muncie & Delaware County, Inc., uses Fund Evaluation Group, LLC (FEG) as its investment consultant. FEG provides a complete range of traditional institutional consulting services including investment policy development, portfolio design, asset allocation, manager search and selection, investment manager monitoring, plan monitoring and education for board members and staff. **represents the total grant distribution from all funds of the Foundation
34 | CFMDIN 2019 Annual Report
SCHEDULE OF ASSET AND STYLE ALLOCATION*
US Large Cap 29.8% US Mid Cap 2.6% US Small Cap 4.2% International Equity 11.8% Emerging Markets 3.8% Hedge Fund 8.8% Private Equity 6.3% Fixed Income 15.2% Private Real Assets 4.5% Master Limited Partnerships (MLP) 3.0% Diversifying Strategies 10%
CONSOLIDATED STATEMENTS OF ACTIVITIES 2019 OPERATING SUPPORT AND REVENUE Contributions Contributions and grants - BY5 Investment return (loss), net Administrative fee revenue Total operating support and revenue
Without Donor Restrictions
With Donor Restrictions
$4,536 6,512 1,191 583,881
$2,161,128
2018 TOTAL
TOTAL
$2,165,664 6,512 9,081,643 583,881
$2,940,144 6,512 (2,094,500) 547,959
11,837,700
1,400,115
2,580,523 174,651 854,490 124,299 129,722 20,372
2,580,523 174,651 854,490 124,299 129,722 20,372
2,548,098 188,195 812,003 118,319 124,944 15,562
3,884,057
3,884,057
3,807,121
9,080,452
596,120
11,241,580
474,907
(474,907)
2,852,022
(2,852,022)
NET ASSETS RELEASED FROM RESTRICTIONS Satisfaction of purpose restrictions Net assets released from restriction pursuant to spending policy
OPERATING EXPENSES Program services Program services - BY5 Management and general expenses Management and general expenses - BY5 Fundraising expenses Fundraising expenses - BY5 Total operating expenses
CHANGE IN NET ASSETS
38,992
7,914,651
7,953,643
(2,407,006)
Net assets at beginning of year
174,796
51,457,283
51,632,079
54,039,085
Net assets at beginning of year
$213,788
$59,371,934
$59,585,722
$51,632,079
P.O. Box 807 | Muncie, Indiana 47308 765.747.7181 | cfmdin.org | commfound@cfmdin.org
Confirmed in compliance with National Standards for U.S. Community Foundations.
