2014 REPORT TO THE COMMUNITY
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TABLE OF CONTENTS
WHERE CHARITABLE GIFTS MULTIPLY FOR COMMUNITY GOOD.
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13
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CREATING A VIBRANT COMMUNITY
FINANCIAL SUMMARY
INVESTMENT SUMMARY
GRANTS AND NONPROFITS
LIST OF NEW FUNDS
YEAR IN REVIEW
BOARD, STAFF AND COMMITTEES
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YOUR GENEROSITY IS STRENGTHENING OUR COMMUNITY... TODAY AND TOMORROW. 4
Dear Friends, The Community Foundation aspires to leverage charitable giving to create a community everyone can be proud to call home. In 2014, we opened 70 new funds and received contributions of nearly $8 million. We awarded $7.3 million in grants, one of the largest annual distributions in our history. We made grants to nearly 370 nonprofits and public organizations, each of which strives for community betterment. The Community Foundation provides leadership in areas where private philanthropy plays an important role. During 2014, we continued to serve as a leader in disaster preparedness and recovery through our participation in regional and national efforts to develop community resilience. Late in the year, we agreed to be a partner in the effort to bring the national Campaign for Grade Level Reading, known locally as Reading into Success, to our community. The Community Foundation is committed to strengthening community through endowment building, grantmaking and philanthropic leadership. We are grateful for your continued generosity in helping to improve the community we call home.
LOREN L. COPPOCK Board Chair
LES H. GARNER President & CEO
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CREATING a vibrant COMMUNITY TOTAL ASSETS
$
142 MILLION
TOTAL FUNDS
744
TOTAL GRANTS AWARDED SINCE INCEPTION IN 1992
$ 6
87 MILLION
GENEROUS DONORS
INFOGR
$
7.7 MILLION TOTAL CONTRIBUTIONS RECEIVED
1,029 CONTRIBUTIONS
70
NEW FUNDS
2.8%
ENDOWMENT POOL ONE-YEAR INVESTMENT RETURN
WE CAN DO MORE
STRONGER NONPROFITS
RAPHIC $
7.3 MILLION
$
TOTAL GRANTS AWARDED
367
FUNDS FOR THE COMMUNITY GRANTS REQUESTED
1.4 MILLION
$
NONPROFIT AND PUBLIC ORGANIZATIONS
$
91,400
TOTAL AMOUNT OF SCHOLARSHIPS THROUGH 89 AWARDS
3.1 MILLION
FUNDED
$
1.7 MILLION TOTAL UNFUNDED REQUESTS
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DONOR PICTURE
“The year our son was diagnosed with Type One Diabetes, we wanted to make an impact by funding research through the Juvenile Diabetes Research Foundation. By giving through the Community Foundation, we were able to do that effectively, and were able to demonstrate for our children the value of giving by example.� - Greg and Debbie Neumeyer 8
For more than 60 years, the Greater Cedar Rapids Community Foundation has provided donors with personalized service, strategic investments and community knowledge. WE ARE PROUD TO HELP YOU HELP YOUR COMMUNITY THROUGH PHILANTHROPY. 9
FINANCIAL SUMMARY STATEMENT OF FINANCIAL POSITION ASSETS Cash and cash equivalents Receivables: contributions, grants and bequests, net Prepaid expenses Investments Property and equipment, net Cash value of life insurance Other assets TOTAL ASSETS LIABILITIES AND NET ASSETS Accounts payable Accrued expense Grants payable, primarily due within one year Amounts due under annuity and unitrust agreements Amounts held on behalf of others Total Liabilities
2014 $
$
1,922,078 720,051 18,362 136,925,323 1,606,875 263,216 576,000 142,031,905
2013 $
$
2,241,708 390,600 12,252 133,445,521 1,684,452 269,124 1,117,722 139,161,379
Consistent with prior years and observing industry best practices, the Greater Cedar Rapids Community Foundation engaged the services of an independent public accounting firm to perform an audit of the Community Foundation’s records and 2014 financial statements.
FORM 990 $
$
22,028 31,376 4,985 1,974,743 29,757,776 31,790,908
$
$
9,869 18,059 220,121 2,031,642 28,628,479 30,908,170
Net Assets Unrestricted: Operating Endowed Non-endowed Total unrestricted net assets
1,142,883 104,418,805 2,319,088 107,880,776
911,337 102,892,673 2,261,709 106,065,719
Temporarily restricted Total net assets
2,360,221 110,240,997
2,187,490 108,253,209
TOTAL LIABILITIES AND NET ASSETS
AUDIT
$
142,031,905
$
The Greater Cedar Rapids Community Foundation will submit a 2014 Form 990, the informational tax form required to be filed annually. Form 990 gives the IRS an overview of the organization’s activities, governance and detailed financial information.
139,161,379
The audited financial statements and the most recently filed Form 990 are available on the Community Foundation’s website, www.gcrcf.org, or may be obtained by calling 319.366.2862.
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PARTNERS IN GIVING Your generosity, coupled with steady investment performance, contributed to steady growth in 2014.
MILLIONS
GROWTH OF ASSETS
$111
$112
2010
2011
$142
2013
2014
$123
2012
2014 CONTRIBUTIONS
TOTAL ASSETS
CGA & CRT $9,000 .1%
Operating Funds $1,837,286 CGA & CRT 1.3% $4,613,014
Operating Funds $22,500 .3% Designated Funds $1,330,743
3.2%
Donor-Advised Funds $22,407,792
15.8% Field of Interest Funds $2,153,828 1.5%
2.5% Scholarship Funds $3,519,942
31.4%
17.3%
Designated Funds $44,523,214
.8% Scholarship Funds $60,298 Donor-Advised Funds $3,315,245
19.2% Community Endowment Funds $27,326,177
$140
Agency Funds $35,641,651
43.1% Community Endowment Funds $20,696 .3%
35%
Agency Funds $2,692,421
25.1% 3.1% Field of Interest Funds $236,259
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“When I was a girl, I loved to sing. It’s important to me that children in our community have access to theatre and music opportunities. I like knowing the Community Foundation will honor my intentions long after I am gone.� -Jewel Plumb
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INVESTMENT POOLS AND PERFORMANCE The Greater Cedar Rapids Community Foundation offers three investment options to meet a range of philanthropic goals and time horizons. Each of our investment pools are carefully constructed and diversified across global investment opportunities to attempt to generate optimal returns while mitigating volatility. Our size provides access to best in class investment managers and alternative investment strategies available only to large institutional investors. Our professional investment consulting firm provides prudent and careful stewardship of the assets entrusted to them. It is the Community Foundation’s Investment Committee and Board of Directors that determine investment policies and provide important guidance and oversight.
ENDOWMENT POOL
MODERATE POOL
CONSERVATIVE POOL
The Endowment Pool is a long-term investment option and capital appreciation is the primary goal. This Pool is for permanent endowments, where the time horizon is in perpetuity.
The Moderate Pool is designed to have a lower return and lower risk profile than the Endowment Pool. For individuals, this Pool is recommended for quasi-endowed funds. For nonprofits, this pool is recommended for reserve funds where the time horizon for use is five to ten years.
In the Conservative Pool, the preservation of capital is more important than maximizing returns. This Pool has the most conservative asset allocation. Charitable Remainder Trusts and Charitable Gift Annuities are invested here. For nonprofits, this Pool is recommended for reserve funds where the time horizon for use is three to five years.
INVESTMENT RETURN
INVESTMENT RETURN
INVESTMENT RETURN
1 YEAR
3 YEAR
5 YEAR
SINCE INCEPTION (1/94)
1 YEAR
1 YEAR
3 YEAR
5 YEAR
SINCE INCEPTION (7/98)
2.8%
9.0%
7.5%
7.6%
4.4%
4.1%
4.1%
4.6%
4.8%
*Investment Return as of December 31, 2014 ASSET ALLOCATION
ASSET ALLOCATION Cash 1% Real Assets
3%
15% 1% Cash 46%
Global Equity
ASSET ALLOCATION Diversifying Strategies
8%
9%
Global Equity
Real Assets Global 16% Fixed
Diversifying Strategies
45%
Global Equity
56% Global Fixed
Global Fixed
Cash
36%
42%
22%
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THE ARC OF EAST CENTRAL IOWA MISSION: To empower people with intellectual and related disabilities to engage in lifelong opportunities to live, learn, work and play with dignity, freedom and full inclusion in their communities. NEED: To build an endowment capable of sheltering the Arc’s critical services from unexpected changes in funding opportunities.
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IMPACT: The Arc received an endowment matching grant to leverage gifts toward their new endowment building efforts. When the Arc began conversations with its donors, the response to the 1:3 match from the Community Foundation, in addition to the ability to receive tax benefits through the Endow Iowa Tax Credit Program, was appealing to donors and is helping them achieve their endowment goal.
GRANTMAKING OUR COMMUNITY IMPACT IS GROWING The Community Foundation grants strengthen individual nonprofits and build a strong network of nonprofits to support a healthy and vibrant Linn County.
TOTAL GRANTS AWARDED
22%
MILLION
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INCREASE
7 6 5 2010
2011
2012
2013
2014
2%
2014 GRANTS AWARDED BY SECTOR
Religion
22%
21%
10%
9%
26%
10%
Arts, Culture & Humanities
Education
Environment, Animals
Health 9%
Human Services
Public/Society Benefit
The Community Foundation maintains strict standards to uphold the integrity of the grantmaking process. Our conflict of interest policy applies to grant committees, board and staff requiring recusals in cases of conflict of interest. Community Foundation review processes are methodical and transparent, with scoring tools for competitive grant applications available online at www.gcrcf.org.
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FUNDS FOR THE COMMUNITY GIVING TO OUR COMMUNITY’S GREATEST NEEDS AND OPPORTUNITIES
PROGRAM FUND
Supports new and innovative programs and sustains current and/or ongoing programs.
ENDOWMENT CHALLENGE FUND
ORGANIZATIONAL DEVELOPMENT FUND
Supports nonprofits in strengthening their ability to carry out their mission.
Supports nonprofits with a matching grant to help in their endowment efforts to create sustainable funding.
$900,000 $167,000 $50,000 AWARDED
$2.4 M REQUESTED
AWARDED
AWARDED
$266,000 $50,000 REQUESTED
REQUESTED
PRESIDENT’S FUND
Supports the immediate needs of nonprofits.
LINN COUNTY FUND
Supports programs or projects that enhance the quality of life and community development outside the Cedar Rapids metropolitan area.
FUND FOR EDUCATIONAL EXCELLENCE
Supports projects which are innovative and creative responses to the changing needs of students.
$41,000 $229,000 $12,500 AWARDED
AWARDED
AWARDED
$62,000 $303,000 $13,200 REQUESTED
REQUESTED
REQUESTED
FUNDS FOR THE COMMUNITY GRANTS AWARDED BY SECTOR
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16%
11%
7%
15%
38%
13%
Arts, Culture & Humanities
Education
Environment, Animals
Health
Human Services
Public/Society Benefit
OAK HILL JACKSON NEIGHBORHOOD ASSOCIATION MISSION: To serve the residents and businesses who make up the Oak Hill Jackson neighborhood in Cedar Rapids. NEED: To sustain its resource center at Saint Wenceslaus Church which provides referrals and programming to the Oak Hill Jackson residents, many of whom face transportation and income barriers. IMPACT: A two-year grant allowed the Oak Hill Jackson Neighborhood Association to continue to connect community members to valuable resources and provide various programming opportunities for children and families.
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COMPETITIVE DONOR-ADVISED FUNDS The Community Foundation accepts grant applications for a number of local corporations and families. Funding priorities are determined by each donoradvisor. We are proud to help these philanthropic corporations and families administer their charitable giving.
ALTORFER, INC.
BLOOMHALL FAMILY
Applications are accepted in all categories with priority placed on historic preservation and community development.
Applications are accepted in all categories with priority placed on health-related activities.
GREATAMERICA FINANCIAL SERVICES CORPORATION
LIL’ DRUG STORE PRODUCTS
Applications are accepted in all categories.
Applications are accepted in all categories.
DIAMOND V
CRST INTERNATIONAL
Applications are accepted in Applications are accepted in all categories, with emphasis all categories with priority on arts and culture. placed on educational training and health and human services activities.
MCGRATH AUTOMOTIVE GROUP
Applications are accepted in all categories with an emphasis on children’s needs.
GAZETTE FOUNDATION
Applications are accepted in all categories with an emphasis on programs that serve The Gazette circulation/viewership area.
WORLD CLASS INDUSTRIES
Applications are accepted in all categories with priority placed on efforts that serve the communities of Hiawatha, Cedar Falls and Des Moines, Iowa and East Moline, Illinios.
2%
COMPETITIVE DONOR-ADVISED FUNDS GRANTS AWARDED BY SECTOR
37% Arts, Culture & Humanities
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Public/Society Benefit
13%
7%
12%
29%
Education
Environment, Animals
Health
Human Services
THANK YOU FOR PARTNERING WITH US TO SUPPORT AND STRENGTHEN THE NONPROFIT ORGANIZATIONS THAT SHAPE OUR COMMUNITY. For a complete list of grant recipients, visit www.gcrcf.org. 19
“The Nonprofit Network peer groups are a way to build connections.You can find people who are going through similar things, and there’s a lot of wisdom and experience there. There are so many ways that we can learn things from one another, that we can’t learn alone in our offices.” -Clint Twedt-Ball Executive Director
Peer group participants, from left to right: Rhonda Betsworth, Director of Finance and Operations; Clint Twedt-Ball, Executive Director; Jerry Oakland, Director of Development.
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NONPROFIT NETWORK The Nonprofit Network provides a point of connection and resources for local nonprofit organizations and professionals with a focus on peer engagement, learning opportunities, and information. Since 2005, the Greater Cedar Rapids Community Foundation has made a commitment to specific programming to support and strengthen nonprofit organizations in our area.
PEER
LEARNING
INFORMATION
NETWORK
NETWORK
NETWORK
CONNECTS
Promotes ongoing learning opportunities for nonprofit professionals and board members. THROUGH
TO Nonprofit professionals and volunteers
Peers in similar positions
TO SHARE IDEAS AND LEARN FROM ONE ANOTHER THROUGH
An online training calendar at www.gcrcf.org which offers information about local and regional learning opportunities.
FOUR NONPROFIT PEER GROUPS
1
Executive Directors of Small Nonprofits
2
CFO
3
Development
4
Marketing
Provides access to relevant best practice information and resources on a wide variety of topics of nonprofit interest. THROUGH
A PARTNERSHIP WITH THE A monthly e-newsletter that promotes upcoming opportunities and interesting articles about nonprofit leadership.
WHICH PROMOTES LIBRARY RESOURCES FOR NONPROFITS SUCH AS ACCESS TO:
IN 2014
Foundation Center Online A monthly Nonprofit Know-How series providing information for nonprofit leaders regarding aspects of nonprofit leadership.
FOR
Guidestar’s Nonprofit Compensation Report EBSCO periodical and newspaper database
PEER GROUPS WERE HELD
TOTAL PARTICIPANTS
Two research librarians
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AFFILIATE FOUNDATIONS Community foundations create opportunities for counties to direct philanthropic resources locally. The Greater Cedar Rapids Community Foundation supports the efforts of the Wapello County Foundation and the Keokuk Area Community Foundation to support philanthropy in their communities.
KEOKUK AREA COMMUNITY FOUNDATION The Keokuk Area Community Foundation is a public foundation established in 2005 which receives charitable gifts from donors to establish permanent endowments and scholarship funds for the benefit of Southeast Iowa, Western Illinois, and Northeast Missouri. The Greater Cedar Rapids Community Foundation supports the efforts of the Keokuk area to build and administer endowments. For more information, visit www.keokukfoundation.org or contact Roger Ricketts, Executive Director of the Keokuk Area Community Foundation at 319.795.1407 or rogerricketts@centurytel.net.
WAPELLO COUNTY FOUNDATION Established in 1988, the Wapello County Foundation is a private foundation which operates for the benefit of Wapello County, Iowa. The Greater Cedar Rapids Community Foundation assists the Wapello County Foundation with the distribution of funding from the County Endowment Fund Program, which provides funding to counties in Iowa without a state-issued gaming license. For more information about the Wapello County Foundation, contact Richard C. Bauerle at 480.837.7423 or Rcbauerle@cox.net.
WAPELLO COUNTY FOUNDATION
KEOKUK AREA COMMUNITY FOUNDATION
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“Growing up in this community was a blessing, and through the Community Foundation we are able to leave a legacy that can impact future generations in Cedar Rapids for years to come.� - John and Kay Hegarty
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EACH YEAR, THE GREATER CEDAR RAPIDS COMMUNITY FOUNDATION WELCOMES NEW INDIVIDUALS, FAMILIES AND BUSINESSES INTO OUR GROWING FAMILY OF DONORS.
TOGETHER, WE ARE CREATING A VIBRANT COMMUNITY. 24
FUNDS ESTABLISHED DURING 2014 DESIGNATED FUNDS Designated Funds are established by a donor to provide ongoing support for a specific nonprofit organization or purpose. The organization(s) the donor chooses will receive annual distributions from the fund.
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159
2014 FUNDS
TOTAL FUNDS
Alice L. Haynes Memorial Fund for Holy Family School Endowment Arc - Keith and Gretchen Wright Fund Arc - Todd Penaluna Memorial Fund Beyond American Gothic Fund David and Mary Jo Rater Fund Greene Square Revival Project Fund Jerry and Ann Pearson Fund Leo J. and Wilma R. Sharp Memorial Fund for Holy Family School Endowment Melvin H. Galbraith Fund Orville Bloethe Endowed Fund for Loanna’s Garden Paul and Jennifer Morf Endowed Fund for the United Way of East Central Iowa Paul and Jennifer Morf Mercy Cancer Center Endowment Fund Robert and Mary Burnett Fund Roger and Thea Leslie Endowed Fund VIII United Way Bob and Lois Buntz Family Fund United Way Chris and Suzy DeWolf Family Fund United Way Cobb Family Fund United Way Dennis and Donna Oldorf Fund United Way Denver and Carol Dillard Family Fund United Way Duffy and Belva Schamberger Family Fund United Way Gary Rozek Family Fund United Way Gregory and Debora Neumeyer Family Fund United Way Hilery Livengood and Ben Fashimpaur Fund
United Way Jack and Dilla Cosgrove Family Fund United Way Jim and Sara Sauter Family Fund United Way John Whipple Fund United Way Jon and Debbie Bancks Family Fund United Way Kelly and Anne Mulford Family Fund United Way Linda and Robert Mattes Family Fund United Way Lisa Winterberg Tesar and Terry Tesar Family Fund United Way McGrath Family Fund United Way Pat and Judy Baird Family Fund United Way Robert and Elizabeth Allsop Family Fund United Way Tom and Christine Hayden Fund
DONOR-ADVISED FUNDS Donor-Advised Funds allow donors to remain actively involved by making grant recommendations to causes they care about whenever it is convenient.
12
193
2014 FUNDS
TOTAL FUNDS
Coppock Family Fund Fredrich and Gretchen Mellberg Fund Ghosh Family Fund Kirby Family Fund Michael L. Odell Fund Michele M. Matt Fund Naylor Family Fund Rings Family Fund Sally Novetzke Fund Steven and Susan Ovel Fund Tom and Sonja Penaluna Family Fund
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AGENCY FUNDS
COMMUNITY ENDOWMENT FUNDS
The following nonprofit organizations have established an Agency Fund. These funds can provide organizations with general operating support, stability during cyclical variances in income, and financial support for areas of high importance to the organization.
Donors can address the community’s greatest needs through these funds. Created by visionary philanthropists who want to support the community beyond their lifetimes, these funds allow the Community Foundation to address community needs and opportunities as they emerge.
13 2014 FUNDS
150
27 TOTAL FUNDS
TOTAL FUNDS
Arc of East Central Iowa Quasi-Endowed Fund #2 Cedar Valley Montessori School Quasi-Endowed Fund Gems of Hope, Inc. Quasi-Endowed Agency Fund Gems of Hope, Inc. Quasi-Endowed Agency Fund II Kennedy Choral League Endowment Fund Metro Catholic Outreach Friends Fund Metro Catholic Outreach Quasi-Endowed Fund St. Stephen’s Lutheran Church Agency Endowment Fund Suzi Sargeant McDonald Endowed Fund Trees Forever Endowment Challenge Grant Fund United Way Endowment Challenge Grant Fund Young Parents Network Quasi-Endowed Fund 1 Young Parents Network Quasi-Endowed Fund 2
FIELD OF INTEREST FUNDS This fund option allows donors to make contributions to specific fields of interest that have meaning to them. This may include support for multiple areas of interest, such as the environment, education, the arts, or community development. The Community Foundation will award grants to organizations and programs that are making a difference in the selected areas.
21 TOTAL FUNDS
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SCHOLARSHIP FUNDS
PRAIRIE FUNDS
This fund type is used by donors to help students achieve their educational goals through scholarships. Scholarship funds can benefit students of a particular school, geographic region, educational subject or other designation.
A Prairie Fund allows donors and nonprofit agencies to establish a fund with an initial gift of $2,500. With regular contributions over five years, the fund becomes a named, endowed fund once it reaches $10,000. At that time, the fund will produce a distributable amount to provide support for nonprofits.
1
34
2014 FUNDS
TOTAL FUNDS
Virgil and Eleanor Bowser Memorial Scholarship Fund
8
16
2014 FUNDS
TOTAL FUNDS
Steven and Susan Ovel Fund United Way Bob and Lois Buntz Fund United Way Gregory and Debora Neumeyer Family Fund United Way Hilery Livengood and Ben Fashimpaur Fund United Way Jon and Debbie Bancks Family Fund United Way Linda and Robert Mattes Fund United Way Lisa Winterberg Tesar and Terry Tesar Family Fund United Way Tom and Christine Hayden Fund
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“I really care about this community and its future. Not only is the Community Foundation my vehicle for my annual giving, but it also allows me to leave a legacy forever. It will carry out my wishes for many, many years. My greatest hope though, is that my generosity encourages others to give generously.� -Jay Petersen 28
WILLIAM QUARTON HERITAGE SOCIETY
More than 400 local philanthropists are members of the William Quarton Heritage Society, which recognizes and honors those who have made permanent gifts to the Greater Cedar Rapids Community Foundation through a planned gift or the establishment of an endowed fund. Planned giving options include naming the Community Foundation as a beneficiary in a will, charitable remainder trust, charitable gift annuity, life insurance policy or retirement fund.
NEW MEMBERS IN 2014 Pat and Judy Baird Tom and Kelly Belin David Bowser and Linda Vance Gordon and Diana Lynn Bowser Michael and Mary Bowser Bob and Lois Buntz Robert* and Mary Burnett John and Cordelia Cosgrove Carol and Denver Dillard Greg and Wendy Dunn Marsha and Larry Erb
Richard and Nancy Garberson Janice and John Gilmour Karl Glovik Thomas and Christine Hayden Michele M. Matt Robert and Linda Mattes Fredrich and Gretchen Mellberg Rochelle and Alan Naylor William D. Nordstrom* Michael L. Odell Susan and Steven Ovel
Jerry and Ann Pearson Tom and Sonja Penaluna Mary Jo and David Rater Danielle and Randall Rings Lisa Winterberg Tesar and Terry Tesar Carmen and John Wasta Gretchen and Keith Wright
*Deceased
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MEMORIALS IN 2014 THE FOLLOWING MEMORIAL FUNDS WERE ESTABLISHED IN 2014 Alice L. Haynes Memorial Fund for Holy Family School Endowment Arc - Todd Penaluna Memorial Fund Leo J. and Wilma R. Sharp Memorial Fund for Holy Family School Endowment Orville Bloethe Endowed Fund for Loanna’s Garden Virgil and Eleanor Bowser Memorial Scholarship Fund THE FOLLOWING FUNDS RECEIVED MEMORIAL CONTRIBUTIONS IN 2014 Benjamin Christopher Tvedt Fund Catherine McAuley Center Friends Fund in memory of Jean Ruocco Cedar Rapids Opera Theatre Friends in memory of Bob Fletcher Cedar Rapids Opera Theatre Friends in memory of Yvonne Green Cedar Rapids Symphony Orchestra Friends Fund in memory of John Knapp Community Endowment Fund in memory of Thomas Hobson Community Endowment Fund in memory of James Meskimen Community Endowment Fund in memory of William D. Nordstrom Dustin Tardiff Fund for Academic Advancement Friends of the Oak Hill Cemetery Endowment Fund in memory of William H. Beshears Gary and Susan Speicher Friends Fund for Youth in memory of Bob Fletcher Glenn and Mary Wendler Scholarship Fund in memory of Stuart Wendler Iowa Choral Directors Association Foundation Friends Fund in memory of Harry M. Carter Iowa Choral Directors Association Foundation Friends Fund in memory of Marvin Kelley Joann Elizabeth Downey Fund Kidneeds Fund in memory of Samuel S. Personte
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Lutheran Services in Iowa Charitable Foundation Friends Fund in memory of James L. Ahrens Matthew Carl Livengood Memorial Fund Melvin H. Galbraith Fund Peggy Boyle Whitworth Friends Fund for Brucemore Project Victoria Fund in memory of Jamison Russell Curran St. Paul’s United Methodist Church Foundation Friends Fund in memory of Bob Fletcher Theatre Cedar Rapids Endowment Challenge Fund in memory of Jackie Pence Theatre Cedar Rapids Endowment Challenge Fund in memory of Marjorie Purcell
HONORS IN 2014 ARC OF EAST CENTRAL IOWA ENDOWMENT CHALLENGE GRANT FUND In honor of Em Sherman In honor of Kathleen E. Dean CEDAR RAPIDS OPERA THEATRE FRIENDS In honor of Myron and Esther Wilson FRIENDS OF THE OAK HILL CEMETERY ENDOWMENT FUND In honor of Jane Thorensen IOWA FOOTBALL CLUB FUND In honor of Matt Hughes KIDNEEDS FUND In honor of Alex Gibbs In honor of Danny Harris In honor of Dave Yates In honor of Donna Long In honor of Kristyn Wheeler In honor of Marianne Supino In honor of Richard Smith In honor of Richard Smith and Lynne Lanning In honor of Sherry Family of Needham, MA
In honor of Zachary Smith LARRY H. CHRISTY ENDOWMENT FUND In honor of Larry Christy LINN COUNTY BAR ASSOCIATION ENDOWMENT FUND In honor of Judge William L. Thomas MELVIN H. GALBRAITH FUND In honor of Melvin H. Galbraith PROJECT VICTORIA FUND In honor of Jaden Ghylin In honor of Jeremiah Maller In honor of Mary Maller THEATRE CEDAR RAPIDS ENDOWMENT CHALLENGE FUND In honor of 24601 In honor of Al and Kathy Krambeer In honor of TCR’s 80th season
SCHOLARSHIP RECIPIENTS IN 2014 ALL-MCKINLEY ALUMNI ASSOCIATION SCHOLARSHIP
Sarah Altemeier, McKinley Middle School D’essence Morris, McKinley Middle School Julia Carlson, McKinley Middle School David Abraham, McKinley Middle School
BESONG FAMILY SCHOLARSHIP Keely Pernicka, Washington High School
BOB V. BENGTSON GOOD CITIZEN AWARD & SCHOLARSHIP Nkasa Bolumbu, Truman Elementary School
COLLEGE OPPORTUNITY SCHOLARSHIP
Fiameta Ande, Linn-Mar High School Trenton Johnson, Kennedy High School Mickenzie Kack, Marion High School Skylar Kiekhaefer, Prairie High School Mason Montuoro, Xavier High School Kayla Slykhuis, Jefferson High School Madeline Walker, Washington High School
DELAWARE COUNTY FISH AND GAME PROTECTIVE ASSOCIATION SCHOLARSHIP
Alex Kehrli, West Delaware High School Heather Tauke, West Delaware High School Jake Voss, West Delaware High School
DAYBREAK ROTARY LEGACY OF LEARNING SCHOLARSHIP Alissa Bearkiller Destinee Brown Maurisa Clark Marcuso Foy Stacey McKierman
DREW WALL SCHOLARSHIP
Jakob Meyers, Kennedy High School
FRANCIS MCMANN SCHOLARSHIP Elijah Wolter
GEORGE A. AND LOUISE M. KALOUS SCHOLARSHIP Thomas Chase, Washington High School Andria Homewood, Jefferson High School Kelsey Jo Doyle, Kennedy High School McKenna Kilburg, Lisbon High School Connor Neuhaus, Prairie High School Jessica Nurre, Linn-Mar High School Bailee Seger, Marion High School Austin Wille, Xavier High School
GLENN AND MARY WENDLER SCHOLARSHIP
Mason Montuoro, Xavier High School
GLIDDEN COMMUNITY SERVICE SCHOLARSHIP
Annie Feltes, Kennedy High School Sasha Forret, Marion Home School Bethany Freeman, Washington High School Josh Kettlekamp, Linn-Mar High School Dalton Lillie, Alburnett High School Sneha Madhavaram, Prairie High School Erin Neuwohner, Xavier High School Abbigail Unsen, Marion High School Drew Wirtner, Jefferson High School
IOWA PHYSICIANS ASSISTANT SOCIETY SCHOLARSHIP
Adam Rasmussen, University of Iowa Emily McCaffery, Des Moines University
JOE CORBIN MEMORIAL SCHOLARSHIP
Ryan Doser, Prairie High School Derrick Gray, North Cedar High School
KELLEY FAMILY SCHOLARSHIP AT CENTRAL A & M COMMUNITY SCHOOL, MOWEAQUA, ILLINOIS
Brittany Hankins, Central A & M High School Larissa Murray, Central A & M High School Kayleigh Postin, Central A & M High School
KLEIMAN FAMILY SCHOLARSHIP
Christopher Merck, Marion High School
KOMENSKY SOCIETY SCHOLARSHIP Isabel Neff, Kennedy High School Anna Rubsam, Prairie High School Erika Serbousek, Kennedy High School Elijah Wolter, Washington High School
LAVENZ MEMORIAL INCOURAGE SCHOLARSHIP Shelby Johnson, Kennedy High School
MARY E. RICKEY SCHOLARSHIP Maliya Rattliffe, University of Iowa
MERVEAUX ACADEMIC EXCELLENCE SCHOLARSHIP Jacob Donald, Jefferson High School Laura Fischer, Kennedy High School Willis Fulmer, Marion High School Mandy Gavin, Linn-Mar High School Sebastian Groothuis, Marion Home School Madison Harger, Alburnett High School David Sherrell, Washington High School Jacob Sprengeler, Prairie High School Claire Wenisch, Xavier High School
NORMA WENZEL SCHOLARSHIP Anna Wolle, Washington High School
O.J. AND VIOLA N. ELSENBAST SCHOLARSHIP
Caroline Koekenhoff, Graettinger-Terril High School
OUTSTANDING STUDENT LEADER SCHOLARSHIP
Daniel Tortora, Jefferson High School Ryan Wilkin, Center-Point Urbana High School
ROBERT E. AND MERRY J. KELLEY SCHOLARSHIP AT LISBON HIGH SCHOOL Kenyon Ellsworth, Lisbon High School Kelsi Griffiths, Lisbon High School Kyle Langhurst, Lisbon High School
ROBERT K. DENNIS SCHOLARSHIP Shay Hudachek, Lone Tree High School
SANDRA SIEPERDA DEBOOM MEMORIAL SCHOLARSHIP
Weston Burdt, Washington High School
STEPHEN BONFIG MEMORIAL SCHOLARSHIP
Kate Banwarth, Dubuque Wahlert High School
VIRGIL AND ELEANOR BOWSER MEMORIAL SCHOLARSHIP
Samuel Scriver, Springville High School
VERN W. REEDER MEMORIAL SCHOLARSHIP
Michelle Grauberger, Kennedy High School Emily LaGrange, Washington High School Matt Oster, Metro High School Brandon Wise, Jefferson High School
ZETA PHI ETA MEMORIAL SCHOLARSHIP
Danielle Beeman, University of Iowa
Olivia Altemeier, Washington High School Nathan Althoff, Kennedy High School Mikayla Cummings, Xavier High School Malia Gudenkauf, Prairie High School Katlyn Hardecopf, Marion High School Mackenzie Jordan, Linn-Mar High School
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“When I talk about philanthropy in estate planning, there is usually an emotional motivation for clients, and a desire to perpetuate organizations that they believe strongly in. And that’s what I think is significant about the Community Foundation – it can inspire people because of what their contributions, blended with the contributions of others, can do. They can be a part of something bigger than themselves.” -Gary Streit Shuttleworth & Ingersoll
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FOR A COMPLETE LIST OF FUNDS AND DONORS VISIT www.gcrcf.org
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2014 YEAR IN REVIEW DISASTER RESILIENCY PARTNERSHIP The Community Foundation was selected as a participant in the Philanthropic Preparedness, Resiliency, and Emergency Partnership, a national learning group designed to support foundations to serve their communities before and after a disaster.
WILLIAM QUARTON HERITAGE SOCIETY LUNCHEON Over 150 members of the William Quarton Heritage Society gathered for a luncheon to celebrate philanthropy.
NONPROFIT KNOW-HOW LAUNCH The Nonprofit Network launched a new monthly learning series for nonprofit leaders.
JANUARY
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MARCH
JUNE
READING INTO SUCCESS The Community Foundation agreed to be a partner in the effort to bring the national Campaign for Grade Level Reading, known locally as Reading into Success, to our community.
NEW WEBSITE A new website, gcrcf.org, was launched offering enhanced functionality and resources for donors, nonprofits and professional advisors.
CELEBRATION OF COMMUNITY The second annual Celebration of Community event was held at Veterans Memorial Building to celebrate the work of nonprofits, to share the impact of philanthropy, and to honor outstanding nonprofit professionals.
AUGUST
NOVEMBER
DECEMBER
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CENTER POINT PUBLIC LIBRARY MISSION: To serve as the public information provider for our community, using traditional and innovative technology to encourage curiosity, free inquiry and lifelong learning in a friendly environment. NEED: To renovate and expand the current Center Point Library, which serves most of northwestern Linn County and to build a new Community Center to provide opportunities for residents to experience greater cultural and social enrichment.
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IMPACT: The Library was awarded a grant from the Linn County Fund to assist with renovating the Library and building Center Point’s only community center. The grant has helped the Library with its funding efforts and construction has already begun. The Library looks forward to providing more diverse programming and opportunities to residents through its new space.
BOARD OF DIRECTORS
LOREN L. COPPOCK CHAIR
CHRIS SKOGMAN CHAIR-ELECT
CHERYLE W. MITVALSKY PAST CHAIR
KATIE OBERBROECKLING TREASURER
KEVIN WELU SECRETARY
GARY BARTLETT
LYDIA BROWN
KARL CASSELL
JOHN CHAIMOV
TERRI CHRISTOFFERSEN
BRENT COBB
CHRIS DEWOLF
GREG DUNN
TIFFANY ANN EARL
SARA B. FISETTE
MAUREEN KENNEY
THOMAS MOORE
JOHN OSAKO
ELIZABETH SCHOTT
OATHER TAYLOR, III
FRED TIMKO
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STAFF ADMINISTRATION
LES GARNER President & CEO
DEVELOPMENT
LAURA BOOTH Executive Assistant
MICHELLE BEISKER Vice President of Development
JOSIE VELLES Director of Development Services
SUSAN WILLEY Director of Planned Giving
ELIZABETH CWIK Program Officer
ROCHELLE NAYLOR Program Officer
BERNADETTE GLADISH Program Assistant
CARRIE WALKER Nonprofit Network Coordinator
PROGRAM
KARLA TWEDT-BALL Senior Vice President
FINANCE
JEAN BRENNEMAN Chief Financial Officer
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MARKETING
EMMYLOU BALL Controller
CHRISTY SMEED Accounting Assistant
CORINNE RAMLER Director of Marketing
AMBER WARING Marketing Associate
KATHRYN STACK Content Associate
COMMITTEES AGENCY INVESTMENT ADVISORY COUNCIL Rich Altorfer Mike Buck Dick Cornish Diane Daubenmier Jim Daubenmier Pat Deignan Rex Eno Tammi Erb Dick Minette Dale Rettenmeier Fred Rose Jim Seifert Leland Smithson Donna Sorensen Bob Vancura Adam Vargason CAPACITY FUND COMMITTEE Lydia Brown, Chair Ryan Buresh Terri Christoffersen Brent Cobb Cathy Gullickson Joe Jennison Chris Lindell Jessica Link Katie Oberbroeckling DEVELOPMENT COMMITTEE Cheryle Mitvalsky , Chair Scott Bogguss Gilda Boyer
Loren Coppock Terri Christoffersen Chris DeWolf Chris Skogman EDUCATION FUND COMMITTEE Elizabeth Schott , Chair Fred Althoff Rob Cline Doug Griesenauer Tom Moore Jenny Schulz EXECUTIVE COMMITTEE Loren Coppock , Chair Lydia Brown Chris DeWolf Cheryle Mitvalsky Katie Oberbroeckling Chris Skogman Kevin Welu GRANTMAKING AND LEADERSHIP COMMITTEE John Osako , Chair Gary Bartlett Lydia Brown Karl Cassell John Chaimov Elizabeth Schott
INVESTMENT COMMITTEE Kevin Welu, Chair Gary Barlett Maureen Kenney Greg Neumeyer Julie Nosek Denny Redmond Fred Timko LINN COUNTY FUND COMMITTEE Elizabeth Schott, Chair Gary Bartlett John Chaimov David Gardner Mary Junge Dave Machacek Julie Nosek NONPROFIT NETWORK Katie Geiken, Chair Jeff Capps Karl Cassell Sara Fisette Anne Gruenewald Kathy Hall Norah Hammond David Janssen Ben Jensen Virginia Michalicek Tom Moore John Myers Quinn Pettifer Jenny Schultz
PROGRAM FUND COMMITTEE John Osako, Chair Craig Byers John Chaimov Sara Fisette Peggy Hardesty Amy Lynch Kurt Rogahn Elizabeth Schott Oather Taylor, III Ruth White SCHOLARSHIP COMMITTEE Jo-Ann Cook Betty Ehlinger Erin Gray Marcia Hughes Kathleen Kleiman Amy March Mallory Mohwinkle Lynn Ocken Liz Posekany Lisa Thirnbeck Suzy Wendler
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324 3RD ST SE, CEDAR RAPIDS, IA 52401 info@gcrcf.org Phone: 319.366.2862 Fax: 319.366.2912 www.gcrcf.org
OUR MISSION: To help donors give in meaningful ways, to strengthen nonprofits, and to provide leadership that supports a vibrant community.
The Greater Cedar Rapids Community Foundation is in compliance with national standards for services and operations that have been established by the Council on Foundations to guide sound policies, accountable practices, and ethical and operational integrity that strengthen the effectiveness of community philanthropy.
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