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BOARD OF TRUSTEES 2018 - 2019
Laura Talley, Chair Karl Murch, Vice Chair Laurie Klinkhammer, Secretary Lois Krause, Treasurer Suzanne Ashley Kim Bodeau Linda Danielson Philip Happe M.D. Chris Hasenberg Tom Larson Leland Mayer M.D. Sherry Mohr Tim Pabich Wayne Peters Dale Wood Mark Faanes, Past Chair
2018 NEW FUNDS (Jan. - June) Cody and Molly Filipczak Family Fund Fuerstenberg Family Fund Paul and Jill Kulig Family Fund Quinn Family Designated Pass-Through Fund
MESSAGE FROM LAURA TALLEY, Chair of the Board of Trustees ECCF maintains a broadly diversified investment portfolio with Orgel Wealth Management and has recently expanded its options to include a Socially Responsible (SRI) Long Term portfolio with Morgan Stanley. Morgan Stanley provides values alignment with a positive environmentally and socially focused portfolio. This is done through thematic investing that focuses on areas like climate change, health and wellbeing, inclusion, and safety and security. This Portfolio is designed to meet the needs of fund holders who desire socially responsible investing options. Both firms work closely with the Investment Committee and staff to deliver a comprehensive investment management program to support meeting stewardship goals of the endowment, and both conduct regular investment policy management assessments and performance reporting. If you would like more information on the SRI, please contact suebornick@eccfwi.org. Many donors have been asking about different tax strategies when making decisions in their charitable giving. The good news is that the lower tax rates give donors disposable income. More information on this topic can be found in “A Strategy and an Opportunity.” Since its creation, ECCF has awarded over $12 million in grants, including more than $5.5 million in support of the Confluence Project. In its most recent grant cycle, ECCF received 57 grant applications and was able to fully or partially fund 44 of those, with a total distribution of $181,931. Six new funds have been opened in 2018, adding to the over $20 million held by ECCF. Thank you to all the families and organizations who have created funds this year and since ECCF’s inception. The endowed funds will sustain and grow ECCF’s granting capabilities for years to come. I encourage each of you to make a difference today by leaving a bequest or planned gift for tomorrow. A gift is an ideal way to provide future support for our community. Because of our community’s generous support, ECCF will continue to do its work— For Good. For Ever. With gratitude,
Talha Aslam Memorial Scholarship Talley Family Fund
Laura Talley, Chair Eau Claire Community Foundation
2018 LEGACY SOCIETY MEMBERS Don* and Jan Etnier Cody and Molly Filipczak
SNAPSHOT: Jan. 1 - May 31, 2018
Ann Gunderson Thornburg
TOTAL CONTRIBUTIONS: $836,874
NEW FUNDS: 6
Kathy Kovell
TOTAL ASSETS: $21,300,957
TOTAL AWARDED GRANTS:
NEW LEGACY SOCIETY MEMBERS: 6
$1,723,089 | 186 Grants
* Denotes deceased
306 S. Barstow St. Suite 104, Eau Claire, WI 54701
715.552.3801
www.eccommunityfoundation.org
The Eau Claire Public Schools Foundation (ECPSF) is a
The Women’s Giving Circle, a fund of the Eau Claire Community
supporting organization of the Eau Claire Community
Foundation, has benefited more than 40 local nonprofits that
Foundation. We are excited to share that we are having
address the needs of women and children. This year, the Circle
another fruitful year. Some of the highlights include:
will be awarding more than $42,000 in grants. That brings the
New Scholarships: This spring, two new scholarship funds were opened by donor
total since inception to over $200,000. The group currently has over 280 members, each contributing at least $250 annually.
families from Eau Claire. The Caravan Scholarship Fund was
Each year, the Education and Program Committee holds a Fall
established to celebrate students who have participated in
Educational Event. All are welcome to this event on Monday,
band during all four years of their studies at Memorial High
September 24th. The topic is Cyberbullying. We have two
School, and who intend to continue band participation in
speakers, Mary Ann Hardebeck, Superintendent of the EC
college. The Joanne Marie Sommer Scholarship Fund was
Public Schools and Justin Patchin, Professor of Criminal Justice
established to award North High School seniors who have given
at UW-Eau Claire, Co-Director of the Cyberbullying Research
back to their community. Each fund awards one graduating
Center and is known across the country for his work on this
senior a $500 scholarship toward their post-secondary studies.
subject. The event will be held at Grace Lutheran Community
School Grants:
Capernaum Room (206 N Willson Drive, Altoona, WI).
ECPSF funds a variety of projects, initiatives and field trips
To learn more about the Women’s Giving Circle, please visit their
through our grant cycle each year. As we reflect on the
new website: wgceauclaire.org or Like them on Facebook.
2017-18 school year, we are proud to have sponsored many exciting opportunities for our students including: converting an old music practice room into a recording studio, an author/illustrator visit to a school, Odyssey of the Mind finals
Dates for your Calendar:
competition trip, a mini makers space, a new prairie creation, an
Meet & Mingle (NEW!)
after-school music group, a sensory light table, several field trip
July 11 | 4:00 - 6:00 p.m.
opportunities, and so much more! Stay tuned for the selection
Taverna Grill, Eau Claire
of fall 2018’s grants!
Summer Social
Supporting Students in Need:
July 18 | 5:00 - 7:00 p.m.
The Eau Claire Area School District averages 46% of students
Fall Educational Event
who qualify for free and reduced lunch. ECPSF is proud to
Cyberbullying
partner with our schools with the help of our Fight Against
September 24
Hunger Fund, to offer funding to support a food pantry, community garden, summer and weekend meals programs,
Grant Review
and more. The Foundation also supports our district students
October 16
experiencing homelessness with our Homeless Children &
Annual Meeting
Youth Fund, offering funding for transportation, winter gear, school supplies, and other needs for our students and families in transition. You can be a part of this exciting work as well! To learn more about ECPSF, please visit: www.ecpsfound.org.
Dr. Blenda Yun, ECPSF Chair Physician, Mayo Clinic Health System
November 5 * More details to come via e-mail and Facebook. For additional information, please contact ECCF.
Create Culture
Form Futures
Chippewa Valley Symphony Orchestra
Altoona STEM Education
The Chippewa Valley Symphony Orchestra (CVSO) provides a symphonic experience to Chippewa Valley audiences, in part by increasing the understanding and appreciation of orchestral music to an expanding audience. Currently in its 43rd season, the CVSO enhances the cultural landscape of the Eau Claire area, programming five concerts per season.
In 2017, the Altoona School District received two grants to support STEM education at the elementary level. The first grant was from ECCF to support the PreK - 3rd grade STEM Curriculum. The second grant was awarded from the Women’s Giving Circle grant cycle for a STEM coding and robotics program. Both allowed the elementary school to invest in a classroom set of Lego Education WeDo 2.0 Robotic Kits.
One concert each February is aimed at drawing young people to the experience. To assist in achieving this goal, the CVSO was grateful to receive ECCF funding to support the annual “Symphony in Our Schools” program, when musicians of the orchestra visit 3rd and 4th graders in local elementary schools to educate and introduce them to orchestral instruments. Those students then receive vouchers to attend a CVSO concert with their parents. With support from this grant, a new generation of music lovers will grow up in the Chippewa Valley.
The kits are built around the Next Generations Science Standards and strengthen students’ understanding of science and engineering practices, including: asking questions, solving problems, modeling and prototyping, investigating, analyzing data, computational thinking, and creating evidence based arguments. Thanks to these grants, Altoona students will be better prepared to meet the challenges and opportunities presented by a quickly evolving job market.
To learn more, visit www.cvsymphony.org.
To learn more, visit www.altoona.k12.wi.us.
Give Green
Offer Opportunities
Girls on the Run of the Chippewa Valley
Bolton Refuge House, Inc.
Girls on the Run of the Chippewa Valley (GOTR) inspires girls to be joyful, healthy and confident using a fun, experience-based curriculum which creatively integrates running. GOTR serves almost 500 3rd-8th grade girls across the Chippewa Valley, and is extending their reach to girls in Chippewa Falls and Mondovi with the help of grant funding from the Women’s Giving Circle.
Bolton Refuge House, Inc. (BRH) creates a safe space by providing programs and services for people impacted by domestic violence, intimate partner violence, and sexual assault. BRH also advocates for social change and envisions a world in which all people have the right to safety, dignity, respect, and self-determination.
As GOTR grows, so does its 5k Celebration, the culmination of its 10 week program. With the help of another grant from ECCF, GOTR was able to purchase additional safety vests for race volunteers who keep the girls safe and on track. The grant also helped ease the volunteer and 5k participant registration process with the help of a new iPad, leading to increased community participation in this life-changing program.
In 2017, BRH received a grant for a new support group called Stop the Chaos, which helps victims with addiction issues. The group teaches coping skills and explains the dynamics of addiction in unhealthy relationships. One participant shared, “I never expected to learn so much … Things don’t seem so overwhelming in my mind now.” BRH also received a grant to replace the flooring at the Transitional Housing Units. The new flooring increased the units’ accessibility, safety, and overall stability.
To learn more, visit www.gotrchippewavalley.org.
To learn more, visit www.boltonrefuge.org.
A Strategy and an Opportunity Tax Law Change: The Good News
Strategies for major donors or businesses
• Lower tax rates = more disposable income • Charitable income tax deduction remains intact! • Capital gains tax rates left untouched – incentivizes gifts of appreciated assets
Utilize same strategies for donors, plus: • Because of the combined federal and state capital gains tax, the tax benefits for giving appreciated assets is even more compelling • Nine year bull run = many donors own highly appreciated stock (gifts of stock) • Turn an asset, real estate, QCDs, farmland, machinery, business interests, etc. into a gift
Strategies for donors ($1 - $20,000 in charitable gifts each year) • Bundling, doubling charitable gifts in one year, to a donor advised fund allows the donor to itemize deductions, then take the standard deduction the following year. New standard deduction - $12,000 for single taxpayer or $24,000 for a married couple • For individuals over 70 ½, make a qualified charitable distribution from an Individual Retirement Account (IRA), gift maximum is $100,000. • The advantage – An IRA distribution sent directly to ECCF is excluded from income; no charitable deduction
13th Annual
Some Truth Telling • Only 30% of US taxpayers itemized before 2018 • People give because they believe in the organization’s mission … and believe that their gift can make a difference! ECCF encourages donors to visit with their financial and legal advisors to determine which charitable giving strategies are best for them.
SAVE THE DATE/NEW LOCATION
PROFESSIONAL ADVISOR EVENT Thursday, October 18, 2018 | 3:30 – 5:30 p.m. Holiday Inn South | 4751 Owen Ayres Ct., Eau Claire CLE & CPA Educational Credits Available
MARK YOUR CALENDARS! Autumn Social
Professional Advisor Event
Community Foundation Week
Monday, September 17
Thursday, October 18
November 12 - 16
WGC: Fall Educational Event
WGC: Annual Meeting
WGC: Gift of Giving Breakfast
Monday, September 24
Monday, November 5
Wednesday, December 5