BETTER TOGETHER 2016 REPORT TO THE COMMUNITY
Dear Community Foundation Friends, In my role as President of the Community Foundation of Greater Des Moines, I have the unique privilege of signing checks at my desk twice a week. This may sound like an ordinary task, but the act signifies far more than providing my signature. Each check represents a grant you have thoughtfully made from your charitable fund at the Community Foundation. Each check represents your passions, values and commitments to improving quality of life. Each check is a wonderful reminder that strong communities start with a strong foundation. Thanks to your generosity in 2015, over $26 million in grants were made from Community Foundation funds to causes you care about. Additionally, $450,000 in grants were made through the Community Foundation’s Better Together Fund to invest in local projects and organizations meeting critical needs in our community. Over $50 million in gifts were made to Community Foundation funds, with assets under administration increasing to over $398 million this past year. Charitable giving through the Community Foundation continued to grow with over 180 new charitable funds in 2015, bringing our total number of charitable funds to over 1,500.
The Community Foundation of Greater Des Moines improves quality of life for all by promoting charitable giving, connecting donors with causes they care about and providing leadership
While these numbers represent the tremendous investments we are collectively making to improve the quality of life in our state, they only begin to describe what this charitable spirit means for our communities. These gifts and grants represent countless stories of meaningful impact, a few of which we are privileged to share on the pages that follow. Thank you for allowing us to be part of your charitable giving story. Together we are building strong communities today and for generations to come. It is a pleasure to work beside you – we’re simply better together.
on important community issues... we’re simply better together.
Kristi Knous President
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D E S M O I N E S F O U N D A T I O N . O R G
YEAR AT A GLANCE Provided arts and cultural learning experiences to over
184 New Funds
49,000 students through
opened
Connecting Kids and Culture
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700
Led Innovation Investors through the IGNITE Community Innovation Challenge
Trained over individuals through BoardLaunch & OnTrack Trainings
$398,332,947
$50,410,840
ASSETS under administration
in GIFTS facilitated
$611,315
Granted from the Better Together Fund, including three Leadership Grants
$26,688,753 in GRANTS
made from Community Foundation funds
926 donor meetings
Made Capacity
Supported 40 affiliate
Conducted
Building Grants to organizations
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Convened groups around
county and community foundations
Educated donors
community issues
in Donor-Leveraged Grants
Worked with 41
Charitable Investment
through Nonprofit Accounting Services
18 organizations
C O M M U N I T Y
$1 million
at three DonorConnect events
Provided administrative support to
Coordinated over
Partners
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The Simpson College Opera Endowment at the Community Foundation is all about the students. The Simpson Opera program is a uniquely collaborative, educational approach, and the students deserve its continuation." — V I R G I N I A L A U R I D S E N
SETTING THE STAGE As an accomplished classical vocalist, Virginia Lauridsen has shared the stage with the most renowned singers and orchestras across the globe. Given her experiences Virginia understands the educational rigor necessary to develop world-class opera performers, and she has found it at Simpson College. “Simpson is a jewel,” shares Virginia, an assistant professor of music at the college. “Simpson students have the unique opportunity to obtain roles in productions immediately. This provides priceless experiences that position students well for a career in music.” As Virginia and her husband Nixon considered how to best support the continued success of the opera program, they decided to establish an endowment at the Community Foundation. The couple made a generous lead gift to create the Simpson College Opera Endowment, and then offered a matching gift to encourage others to join them to ensure future opportunities for students. “Support from the endowment is meant to be flexible to meet the needs of future productions,” says Virginia. “The best way to give support is to trust the organization you are giving it to and provide them the opportunity to carry out the work.” Thanks to the leadership of Virginia and Nixon Lauridsen, the stage is set for the future success of Simpson opera students.
Virginia & Nixon Lauridsen provided sustainable support for the Simpson College Opera through the Community Foundation.
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Working with the Community Foundation has helped our family develop a personal mission statement to guide our charitable giving and has connected us with local needs that match our giving interests. We are grateful our local Community Foundation offers this family philanthropy resource.” — S A R A H A N L E Y
THE GIFT OF GIVING Having learned the value of both family meetings and charitable giving, from Tom's parents, the Hanley’s have made it a point to bring their busy family of seven together each month. Over the past few years, the conversations have increasingly included discussion of the family’s charitable giving. To help guide these conversations, Sara and Tom brought their family to a Community Foundation family philanthropy meeting. “At our first meeting, we each picked tiles featuring words that struck us as important,” shares Sara. “The activity provided an opportunity for every member of our family to be heard, and we discovered similarities that could guide our giving philosophy.” After that first meeting, the children were asked to use the information learned to create a family mission statement. “Once we had our mission statement we were able to come back to the Community Foundation with a clear vision of the type of causes we all wanted to support,” says Tom. “The well-connected team at the Community Foundation then provided us with a variety of local organizations that fit our giving interests.” One of the organizations that stood out to the family was Courage League Sports. “After hearing about many deserving organizations, thanks to the Community Foundation, the one we couldn’t stop talking about on the car ride home was Courage League,” shares Sara. As the family prepared to make a gift from their Community Foundation family fund, they visited Courage League to help their children understand that a gift is more than a transaction. “By visiting Courage League we could see the impact the gift would have,” shares Tom. “We all left our visit with smiles on our faces and a closer connection to the gift we made.”
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The Hanley family worked with the Community Foundation to connect with local causes they care about, like Courage League Sports.
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The Community Foundation invited diverse perspectives to the table to engage in collaborative conversations which have led to meaningful solutions for our organization and the vulnerable populations we serve.” — JUSTIN SCHOEN, BOARD CHAIR C E N T R A L I O WA S H E LT E R & S E R V I C E S
BETTER TOGETHER Central Iowa Shelter & Services (CISS) and its daily overflow population rank as Iowa’s largest and second largest homeless shelters. “Serving those in need of housing is an issue in our community,” says Kristi Knous, Community Foundation president. “As we began to hear of persistent challenges resulting from the demand for CISS’ services, we had to play a part in identifying long-term solutions.” The Community Foundation invited leaders from across sectors to gather around its conference table and discuss systemic change. “When we came together at the Community Foundation, focused on a common goal, the power of collaboration quickly became evident,” shares Des Moines City Manager, Scott Sanders.
Des Moines Fire Chief John TeKippe, Des Moines Chief of Police Dana Wingert, Community Foundation Chief Community Impact Officer Angie Dethlefs-Trettin, Primary Health Care CEO Kelly Huntsman, Polk County Supervisor Robert Brownell, and Central Iowa Shelter & Services Board Chair Justin Schoen join with other leaders around the Community Foundation’s table to address critical issues for our neighbors in need of housing.
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The group developed pilot programs to address parallel challenges in the areas of healthcare and safety. Primary Health Care and the Des Moines Fire Department partnered to provide enhanced healthcare services to the shelter’s clients. The Des Moines Police Department increased its presence at CISS and identified new opportunities to serve and protect our homeless neighbors. According to Polk County Supervisor Robert Brownell, “These partnerships and synergies have gone beyond a single issue. They have developed into thoughtful, productive conversations on how to make our community better.”
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Strengthening the Jewish community strengthens the entire community. The Community Foundation is a natural partner to assist us in realizing our vision into the future.” — DAVID ADELMAN, PRESIDENT B O A R D O F T R U S T E E S , J E W I S H F E D E R AT I O N O F G R E AT E R D E S M O I N E S
POWERFUL PARTNERSHIP For over 100 years the Jewish Federation of Greater Des Moines has been at the heart of Jewish life in the community. Whether educating young people through the Jewish Federation Community School, providing support to seniors through Jewish Family Services or maintaining the Iowa Jewish Historical Society, the Jewish Federation is committed to serving the needs of the community. The Jewish Federation recognizes that enriching and improving the quality of Jewish life in Des Moines is most effective when working from a position of combined strength. “As the Jewish Federation celebrated its 100th anniversary, we took advantage of the opportunity to evaluate our strategic vision,” says Don Blumenthal, the organization’s foundation president. “We recognized that the Community Foundation would be a valuable partner in managing the assets that support our efforts through the Jewish Foundation.” “So much of our work runs parallel to that of the Community Foundation,” shares David Adelman, president of the Jewish Foundation. “By moving our endowment to the Community Foundation, we can offer additional resources to our donors like the Endow Iowa Tax Credit, board training and legacy planning. This partnership will strengthen our community, and the Greater Des Moines community, for years to come.”
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The Jewish Foundation’s endowment at the Community Foundation supports the Iowa Jewish Historical Society, Jewish Family Services, Jewish Federation Community School and more.
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We want to enrich and support the community that has supported us. The Community Foundation makes it easy for us to give back to the causes we care about and invest in the future of the city we call home.” — D R . R O G E R C E I L L E Y
SUPPORT MADE SIMPLE Dr. Roger and Kim Ceilley are passionate about Greater Des Moines. “Kim and I have benefitted greatly from the support of this community. We have both enjoyed successful careers, and our children received excellent educations,” says Roger. “We feel very fortunate and want to do our part to give back.” After considering creating a private foundation, the couple decided the Community Foundation offered a more efficient way to fulfill their charitable goals. “As a retired CPA I appreciate how easy it is to use our fund,” shares Kim. “Thanks to the Community Foundation’s online giving system, I no longer have to write individual checks, maintain contribution logs or coordinate receipts. My year-end tax work has been simplified.” The couple also appreciates the unique charitable giving tools, like the Endow Iowa Tax Credit and Charitable IRA Rollover, available through the Community Foundation. “Utilizing the Charitable IRA Rollover was easy,” says Roger. “It provided a simple, tax-wise opportunity to make gifts to a variety of charities we wanted to support.” The couple is proud of their community, and they are committed to investing in its continued success. According to Kim, “It has been fun to see the evolution of Greater Des Moines, and we are proud of the first-class city it has become.” Kim & Dr. Roger Ceilley take advantage of unique giving tools through the Community Foundation.
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Our community has a very real need for expanded mental healthcare. The Community Foundation’s Leadership Grant for the expansion of Broadlawns’ mental healthcare facilities is a meaningful measure of support for this critical community need.” — JODY JENNER, PRESIDENT & CEO BROADLAWNS MEDICAL CENTER
CRITICAL INVESTMENTS As was reported in a recent assessment of behavioral health services, commissioned by the Community Foundation, Mid-Iowa Health Foundation and United Way of Central Iowa, increased mental health services in our state are sorely needed. Iowa is the 47th ranked state in the nation for the number of publicly funded acute care beds available for persons experiencing mental illness, resulting in waits for service. Our community deserves better. Broadlawns is addressing the need for increased services through expansion of their inpatient and outpatient mental health units. “Broadlawns is a leader in best serving the recovery needs of people with mental illness. Mental healthcare shouldn’t carry a stigma, and the new facilities will be welcoming for all families needing care,” shares Matt Connolly, a member of the Broadlawns Medical Center Foundation’s Advocate Circle. The Community Foundation provided Broadlawns’ Mental Health Starts With Me Capital Campaign with a $250,000 Leadership Grant to support the critical expansion of services for Central Iowa. Leadership Grants, funded through the Community Foundation’s Better Together Fund, address community needs and invest significant funding in initiatives and opportunities that strengthen Greater Des Moines. Through the Better Together Fund donors are making meaningful investments in quality of life today and for generations to come.
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Broadlawns President & CEO Jody Jenner, Psychiatry Section Chief Dr. Janice Landy and Advocate Circle member Matt Connolly stand with a rendering of the new outpatient mental health clinic, supported by a Community Foundation Leadership Grant.
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Our affiliate partners are committed to improving quality of life in their communities through the grants they provide, the organizations they partner with and the donors they serve. We are thankful for the critical role they play in promoting charitable giving throughout our state.” — KRISTI KNOUS, PRESIDENT C O M M U N I T Y F O U N D AT I O N O F G R E AT E R D E S M O I N E S
GIVE LOCAL The Community Foundation’s 40 affiliate counties and communities play important roles in making meaningful improvements in quality of life. Thanks to their local leadership and investments, our state will be better today and forever, as exemplified in these snapshots of success. • As the Boone County Hospital considered fundraising priorities, an endowment campaign was a natural choice. “It was clear our needs were not one-time costs,” shares Sara Behn, the hospital’s foundation director. “By partnering with the Boone County Community Foundation, we have generated over $700,000 in sustainable support and offered donors the added benefit of the Endow Iowa Tax Credit.” • The Community Foundation of Marshall County recognizes investments in education are critical for their county. By holding funds for the Marshalltown Education Partnership, they provide an opportunity for first generation college students to receive a full scholarship to a local community college. With over 365 students currently enrolled, the program is providing lifelong impact.
The Community Foundation’s affiliates are meeting local needs such as developing sustainable support for the Boone County Hospital, investing in education in Marshall County and supporting arts and culture in Hardin County.
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• Hardin County Community Endowment Foundation leaders are directing grantmaking dollars to projects and performances that bring arts and cultural opportunities to their neighbors. According to Program Director Tam Elerding, “By creating an endowment to support arts and cultural experiences locally, we are providing strengthened and vibrant communities for generations to come.”
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The Community Foundation provides opportunities to learn about community needs, flexible approaches to meet charitable interests and a framework to pass on the spirit of giving to the next generation.” — SCOTT JOHNSON
CREATING OPPORTUNITY Scott Johnson and Julia Lawler understand the power of an opportunity. The couple recognizes the critical role education played in achieving their goals and are committed to assisting others in making educational dreams become a reality. With interests focused on at-risk children and educational attainment, the Johnsons are always looking for opportunities to learn more about causes they care about. Such opportunities include attending the Community Foundation’s DonorConnect sessions. “Through DonorConnect we learn about needs from varying perspectives and engage in dialogue about how to best address our community’s most pressing issues,” shares Scott. After attending a DonorConnect on development of the middle-skill workforce in Central Iowa, the Johnsons supported the summer youth internship program at the Evelyn K. Davis Center for Working Families. “The students enrolled are learning more than job skills, they are learning the soft skills necessary to work well on a team – placing them ahead of the curve,” says Julia. The students the Johnsons support aren’t the only ones learning. Shares Scott, “Partnering with the Community Foundation has provided us the tools to teach our sons how we identify needs and opportunities. These family conversations allow us to share our charitable interests and develop our sons as effective future givers.”
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The Johnson family supported the Evelyn K. Davis Center for Working Families after learning about its work from Marvin DeJear, the organization’s director, at a Community Foundation DonorConnect session.
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PARTNERS IN GIVING The Community Foundation works with professional advisors to enhance their relationships with clients by offering local, personalized giving services. Whether leveraging charitable investments or maximizing tax savings, we help professional advisors by offering giving opportunities to meet client’s financial and charitable goals.
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Working with the Community Foundation allows my clients to define their charitable legacy as part of their overall estate plans. Through our partnership, clients can be assured their future plans are a true reflection of their values and intentions.” — S T E V E N C . D E S P O T O V I C H , AT T O R N E Y W I L S O N D E E G E D E S P O T O V I C H R I E M E N S C H N E I D E R & R I T T G E R S , P L C
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The Community Foundation is a natural partner as I assist clients with their tax planning. By offering unique tax-wise giving strategies, like the Endow Iowa Tax Credit, the Community Foundation is helping to meet the goals of my clients.”
— A N G E L A R E E D , PA R T N E R TA R B E L L & C O . , P L C
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Thanks to my relationship with the Community Foundation, my clients can easily incorporate philanthropic planning into their overall strategy. I can assist them in opening a charitable giving fund, with assets that best fit my client’s overall financial plan, and provide access to a team of local giving experts.” — B R YA N B O E S E N , F I N A N C I A L A D V I S O R B R YA N B O E S E N M O R G A N S TA N L E Y
The Community Foundation is proud of our partnerships with professional advisors, including those who participate in our Charitable Investment Partner program. Charitable Investment Partners can open funds at the Community Foundation to provide their clients with unique charitable giving resources, while continuing to manage the assets in the funds. A full list of Charitable Investment Partners can be found at www.desmoinesfoundation.org/CIP.
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BETTER TOGETHER. BETTER FOREVER. We are proud of our collective work to make Greater Des Moines greater, but what about the needs of tomorrow? The Better Together Fund was created to address this question. It presents an opportunity for all who care about Greater Des Moines to invest in our community’s most important issues, initiatives and needs for generations to come. The flexible dollars it provides enable the Community Foundation to respond to emerging needs as they arise – and invest significant funding in initiatives and opportunities that strengthen Greater Des Moines.
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We give through the Better Together Fund because the Community Foundation is engaged with charitable organizations and is educated on the most pressing needs in the community. By pooling our gifts with others, through the Better Together Fund, we can leverage our giving to have impact today and in the future.” — CHARLOTTE & FRED HUBBELL
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As a physician, I’m dedicated to improving the lives of my patients. As a charitable donor, I’m dedicated to improving the life of my community. By giving through the Community Foundation, I know that I have contributed to making Des Moines a great place to live forever.” — DR. RICHARD DEMING
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We want to be able to give back to our community long after we pass. The Community Foundation is a well-connected partner that keeps its fingers on the pulse of the community to identify current and future needs.” — JILL & MARK OMAN
To see a full list of the individuals, families, nonprofits and businesses who are improving our communities through charitable funds at the Community Foundation, visit www.desmoinesfoundation.org/funds.
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S T A T E M E N T O F F I N A N C I A L P O S I T I O N ASSETS
Cash & Cash Equivalents Investments Other Assets Receivables for Community Initiatives Prepaid Expenses Land, Building, Contents Total Assets
1 2 /3 1 /1 5
1 2 /3 1 /14
7,501,809 322,280,333 4,762,916 590,005 322,714 710,695 336,168,472
5,085,092 305,421,703 3,685,629 514,485 233,207 742,168 315,682,284
LIABILITIES AND NET ASSETS Accounts, Grants, & Annuities Payable 1,080,455 473,665
Deferred Event Revenue Agency Endowments (note) Net Assets (note) Total Liabilities and Net Assets
2,092,104 119,080,944 213,914,969 336,168,472
802,336 107,684,834 206,721,449 315,682,284
S TAT E M E N T O F A C T I V I T I E S SUPPORT AND REVENUE
F Y 2015
Contributions (note) 34,053,398 Investment Income (note) (916,833) Other Revenue 163,657 Principal Charity Classic Revenue 7,513,368 Total Support and Revenue 40,813,590
F Y 2 0 14
34,862,354 9,934,364 107,999 6,982,412 51,887,129
EXPENSES
Grants & Fund Expenses (note) Management, General & Facilities Depreciation & Amortization Principal Charity Classic Grants Principal Charity Classic Expenses Total Expenses
23,673,154 2,387,560 35,306 1,360,809 6,163,241 33,620,070
23,656,717 2,170,366 35,674 1,336,111 5,647,107 32,845,975
N E T A S S E T S
Increase Beginning of Year
END OF YEAR
7,193,520 206,721,449
19,041,154 187,680,295
213,914,969
206,721,449
Note: Agency endowments represent funds of the Community Foundation established by a not-for-profit organization, which are required to be reflected as a liability under accounting guidance for agency transactions (or “amounts held for others under agency transactions”). For financial reporting purposes, distributions from agency funds in the amount of $4,698,810 are not included in grants, contributions to agency funds in the amount of $16,595,700 are not included in contributions, and investment losses of agency funds in the amount of $1,014,671 are not included in investment income. • Financial information shown on page three of this report includes agency endowments and transactions.
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C O M M U N I T Y F O U N D AT I O N I N V E S T M E N T P O R T F O L I O S The Community Foundation offers a variety of investment options to meet a range of charitable goals and time horizons. Each of our investment portfolios is carefully constructed and diversified across global investment opportunities to maximize return and minimize volatility. Our size provides access to world-class investment managers and alternative investment strategies available only to large institutional investors.
The Long-Term Growth Portfolio seeks maximum growth and controlled risk through a diversified portfolio of global stocks, bonds and alternative investment strategies.
12% 11% -30% 22% 14% 1% 12.6% 13.2% 4.9% -.8%
7.3%
2006
since inception October 2002
2007
2008
2009
2010
2011
2012
2013
2014
2015
The Indexed Growth Portfolio seeks maximum growth primarily through indexed funds resulting in lower active management risk.
- 4.2% 10.8% 13.5%
4.5% -1.6%
7.1%
2011
2014
since inception June 2010
2012
2013
2015
The Defensive Growth Portfolio is designed for growth at a more moderate level of risk.
-.5%
11.9%
7.3%
2.7% -1.7%
5.5%
2011
2012
2013
2014
since inception June 2010
13% 9% 23%
30%
55%
Long-Term Growth Portfolio
Equities
Alternatives
2015
5%
30%
15%
65%
55%
Indexed Growth Portfolio
Defensive Growth Portfolio
Fixed Income
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Liquid Alternatives
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2016 COMMUNITY FOUNDATION STAFF EXECUTIVE
Kristi Knous, President ADVANCEMENT
Sheila Kinman, Chief Advancement Officer Lynne Yontz, Vice President of Donor Relations Ryan Crane, Director of Advancement Wade Den Hartog, Director of Charitable Partners Joseph Sorenson, Director of Affiliate Relations JT Cattle, Donor Relations Associate COMMUNITY INVESTMENT
Angela Dethlefs-Trettin, Chief Community Impact Officer Anna Nalean, Community Investment Associate FINANCE
Karla Jones-Weber, Chief Financial & Administrative Officer Kris Pete-Swanson, Vice President of Finance, Controller Sally Boeckholt, Accountant Kelly Carstens, Accountant Crystal Ruth, Accountant Kevin Abler, Accounting Associate Ted Heying, Donor Services Associate & Data Specialist MARKETING
Sara Bonney, Director of Marketing & Communications ADMINISTRATION
Barb Hobson, Executive Assistant Kate McClaskey, Receptionist/Administrative Assistant
1915 Grand Avenue Des Moines, IA 50309 ph (515) 883-2626 fx (515) 309-0704 www.desmoinesfoundation.org
2016 BOARD OF DIRECTORS Fred S. Hubbell, Chair Steve Lacy, Vice-Chair Suku Radia, Secretary & Treasurer Kristi Knous, President Frederick V. Buie, Keystone Electrical Manufacturing Co. Suzie Glazer Burt, Community Volunteer Teree Caldwell-Johnson, Oakridge Neighborhood Sandy Hatfield Clubb, Drake University Franklin Codel, Wells Fargo Home Mortgage Jim Cownie, JSC Properties, Inc. Johnny Danos, LWBJ Financial, Community Foundation, Retired Richard L. Deming, M.D., Mercy Cancer Center Nora Everett , The Principal Financial Group® Kathy Fehrman, Community Philanthropist Allison Fleming, Community & Child Advocate Michael G. Gartner, The Iowa Cubs N. Brian Gentry, Wells Fargo Bank, N.A. J. Barry Griswell, The Principal Financial Group®, Retired, Community Foundation, Retired Cara K. Heiden, Wells Fargo Home Mortgage, Retired H. Lynn Horak, Wells Fargo Bank, N.A., Retired Kyle J. Krause, Kum & Go, L.C. Loree Miles, Miles Development, LLC Sheldon Ohringer, Caleris, Retired Mary O’Keefe, The Principal Financial Group®, Retired Jill Oman, Community Volunteer Alejandro H. Piedras, Grand View University Robert G. Riley, Jr., Feed Energy Company Janis Ruan, Community Philanthropist Mark Rupprecht, R&R Realty Group Fred Weitz, Essex Meadows, Inc. Visit www.desmoinesfoundation.org/committees for a full listing of Community Foundation committee members.
Confirmed in Compliance with National Standards for U.S. Community Foundations