Charlevoix Community Foundation 2021-2022 Annual Report

year

$63.1M ASSETS $35.0M GRANTS & SCHOLARSHIPS

year $20.7M ASSETS $6.8M GRANTS & SCHOLARSHIPS

1

year $206K ASSETS

$0 GRANTS & SCHOLARSHIPS

seasons of impact

The past 30 years have been an amazing journey. With your help, we’ve built a responsive and resilient organization that has stood the test of time. Year after year, we’ve grown, and so too, has our impact in the community. Today, we know that wherever you go in Charlevoix County, you will find the footprint of the Charlevoix County Community Foundation.

We look back at our first 30 years with pride in all that has been accomplished, and we look forward to all that lies ahead with enthusiasm. Building our legacy, one day at a time.

MISSION

To enhance the quality of life for all citizens of Charlevoix County, now and for generations to come.

VISION

To be the trustworthy resource for philanthropy by building permanent endowment, addressing needs through grantmaking, and providing leadership resources to serve our community.

CORE VALUES

Integrity Stewardship

Excellence Respect Leadership

Dear Friends,

We are honored, once again, to share the Community Foundation’s Annual Report with all of you. This year’s report is special, highlighting not just the growth and impact of the Community Foundation in the past year, but also celebrating the many “Seasons of Impact” in this, our 30th year.

In 1992, we started from scratch, when a small and committed group of thoughtful and well-intentioned community members rallied around this big idea . . . that a Community Foundation might be the perfect place for donors, large and small, to exercise their charitable intentions in a positive way. They got it right, and the community has benefited in countless ways because of their visionary leadership.

Today, we’re humbled to continue the work they started, and we know that those who follow us will do the same. You see, this commitment to improving the quality of life for all citizens of Charlevoix County isn’t just a sometime thing . . . it’s an all-the-time thing.

As we celebrate this year, and our first 30 years, we’re thankful for all of you that have kept us on the path of growth and success. Every donor, every Legacy Society member, every nonprofit partner, every board member, every volunteer, every team member . . . everyone . . . who has engaged with the Community Foundation to help us along the way. We’re mindful that it is on your shoulders that we stand.

As we recognize this year and all that is in our past, we do so with great excitement about the future of the Community Foundation. Here, we don’t just think about today. We’re also intentional about tomorrow, and every tomorrow after that. We’re committed to being precisely the kind of philanthropic resource that Charlevoix County needs and deserves in all the “Seasons of Impact” that lie ahead.

With gratitude,

Chip Hansen

Fred Malpass President Board Chair

Chip Hansen and Fred Malpass on the Joining Jordan boardwalk in downtown East Jordan.

Establishing roots.

In the Community Foundation’s 2022 Input Survey, housing was identified as the top need for growing thriving communities. Housing isn’t a new issue. In fact, a 1996 grant to the Northern Lakes Economic Alliance funded a study to better understand the need for affordable housing in our region. The housing challenge won’t be solved quickly, but there has been remarkable progress over the years.

Working with support of the Community Foundation, Northwest Michigan Habitat for Humanity is building and rehabilitating more homes each year, and Northern Homes Community Development Corporation continues to create housing solutions, while offering financial counseling for new homebuyers. New organizations like Housing North are providing expertise and leadership to encourage steps in the right direction. Municipal partners are on board too, as they see the importance of having a variety of housing options in their communities.

We know that some things take time and the right conditions. Grant by grant, build by build, the Community Foundation is here to nurture good ideas and respond to community needs.

1993 1998 2006 2017 2020 2021

Northwest Michigan Habitat for Humanity to build a home in East Jordan

Northwest Michigan Habitat for Humanity for additional tools for volunteer builders

Beaver Island CDC for the development of housing units for seniors and people with disabilities

Northwest Michigan Habitat for Humanity for critical home repairs

SEASONS OF GRANTING

Housing North to provide staff focused on Charlevoix County housing needs

Northern Homes CDC for a study to encourage “missing middle” housing options

Since 1992, the Community Foundation has made more than $804,000 in grants to support housing initiatives.

Chip Hansen and his grandson, Rowan.

Cultivating giving.

The Youth Advisory Committee (YAC) provides opportunities for young people to make a difference in their own communities through grantmaking and volunteerism.

Since the YAC got started in 1992, the teen representatives have recommended grants totaling $1.2 million!

This year YACers completed a Youth Needs Assessment to learn about the greatest concerns and most positive influences students experience to guide future grantmaking.

In response to the results, the YAC will seek to decrease stigma and increase education around mental health. A new but related focus will aim to improve school atmosphere — increasing acceptance and belonging for youth at school and decreasing school related stress.

This group of dedicated teens is learning by doing, growing their knowledge of community impact, and cultivating a healthier path forward for their peers.

Left to Right: Camden Carey, Josie Wilson, Lindsey Jibson, Maureen Hautz, Mailey Hamilton, Madelyn Hardy, Paige Pemble, Eden Vrondran, Micah Richards, Jayde Fazio, Anna Haf, Matthew Jarema, Daniel Powers, Lilliann Fenske, Alyssa Martin, and Harper Blaauw-Hara

In 30 years, countless grants have been made to help friends and neighbors in need. During the economic struggles in 2009, the Urgent Needs Fund was established to grow resources dedicated to meeting peoples’ most essential needs and it continues that support today. Our area is fortunate to have nonprofit organizations that offer diverse and important services. Community Foundation grantmaking aims to meet individuals’ needs and strengthen partners serving our friends and neighbors.

Looking out for one another has always been a priority for Community Foundation donors.

Nourishing our neighbors.

SEASONS OF GRANTING

Since 2009, the Urgent Needs Fund has provided more than $530,000 in grants to provide support for friends and neighbors in need.

Third Level Crisis (now Child & Family Services and Third Level Crisis) for a new phone system to improve the 24-hour hotline

Women’s Resource Center of Northern Michigan for Safe Home renovation and expansion Good Samaritan Family Services for emergency utility assistance for families in need

Left to right: Eric Foster, Matt McGuiness, Bob Mackenzie, Gabby Billion, and Carrie Klingelsmith

“It has been a pleasure working with the Charlevoix County Community Foundation to provide essential resources. Feeding people is a critical need for the community and we couldn’t do it without our partners and community support.”

Carrie Klingelsmith Executive Director, Manna Food Project

Manna Food Project for warehouse upgrades to improve food storage Local food pantries team up with Manna Food Project to provide food to families in need

Northern Michigan Equine Therapy to expand the HorseSense program offering hands-on therapy with horses

Staff from the Manna Food Project help unload a truck to stock their warehouse.

Growing for good, for ever.

Susan Van Wieren has as many connections to the Community Foundation as there are leaves on a tree. Her late husband, Gordon Van Wieren, facilitated the earliest discussions among the Community Foundation’s founders back in 1991. Her daughter, Cathy Atchison, joined the Community Foundation’s staff as a program officer several years later. Susan also learned about the impact of the Community Foundation during her time as an Assistant Superintendent at CharEm ISD. “Then, when I read the story in an annual report about Sandi Laucher Button starting a fund – she’s a friend of mine – I remember thinking that I would like to do something lasting when I had the capacity. Seeing Sandi’s story really planted that seed for me,” says Susan.

In 2021, Susan was working with her financial advisor and reached out to the Community Foundation to learn more. After consideration, Susan opted to establish two funds for impact now and also made a plan to support causes she cares about most when she is gone.

“Cathy’s work with the Community Foundation all those years ago influenced me to establish the Susan and Gordon Van Wieren Fund for the Community. I don’t need to direct how every dollar is spent and I know those flexible dollars can make a difference.

The Susan Van Wieren Endowment that will be established when I’m gone will send contributions every year to the charities that are close to my heart. Community Foundation staff worked with me to consider and construct my legacy — I care about supporting those who are facing challenges and who need to know there are options for moving forward. My contributions through the Community Foundation will do that work, now and in the future.”

Susan Van Wieren, Legacy Donor

Photo courtesy of John Doskoch

Sustaining support.

It’s not an overstatement to say that our lakes and rivers are central to the quality of life in Charlevoix County.

Beautiful Lake Charlevoix is a source of pride, a place for enjoying the outdoors, and a primary driver of our region’s economy. Comments made in the Community Foundation’s 2022 Input Survey made it clear that grants should continue to focus on preserving and protecting the rich natural resources that are abundant in Charlevoix County. With funds dedicated to environmental education, protection, restoration, access, and sustainability, the Community Foundation intends to do just that – for the next 30 years and beyond.

1995 2006 2010 2013 2019 2021

Little Traverse Conservancy for the purchase of preserve property on Beaver Island’s Little Sand Bay

Lake Charlevoix Association for a website dedicated to preserving and protecting the water quality of Lake Charlevoix

Tip of the Mitt Watershed Council to mitigate the impact of stormwater runoff into bodies of water

Conservation Resource Alliance for the Chestonia Bridge stream crossing on the Jordan River

SEASONS OF GRANTING

Camp McSauba youth program to incorporate environmental education

Walloon Lake Conservancy and Association for a shoreline survey

Since 1992, the Community Foundation has provided more than $4 million in grants for environmental programs and projects across Charlevoix County.

BOARD OF TRUSTEES

Turning a new leaf, together.

Left to Right: Monica Peck, Dean Solomon, John Doskoch, Erika Van Dam, Bill Lorne, Jennifer Boyer, Keith Carey, Don Jess, Cindy Grice, Carol Burton, Fred Malpass, Angie Nachazel, Tami Vincent, and Bob Hoffman

Not Pictured: Josette Lory

Talented and forward-thinking, this engaged group of Trustees works behind the scenes to guide and grow the Community Foundation.

Renewing our commitment.

For 30 years, the Community Foundation has focused on improving the quality of life for friends and neighbors. The commitment to help people make a difference close to home remains steady and guides our work. Thank you for supporting the Charlevoix County Community Foundation.

FOR GOOD. FOR EVER.

years and beyond

Knowledgeable, friendly, and committed to community philanthropy, this good-hearted team works each day to make our little corner of the world a better place.

STAFF

Left to Right:

Matt Greer, Accountant

Sara Ward, Vice President

Megan Havrilla DeHoog, Youth Advancement

Chip Hansen, President

Ashley Cousens, Grants and Communications

Ways to give.

MAKE A GIFT to the Community Endowment that can be used to address community needs and opportunities, now and in the future.

DIRECT YOUR GIFT to one of the Community Foundation’s existing funds that best matches your charitable interests.

START YOUR OWN FUND to achieve your charitable goals.

HONOR or MEMORIALIZE a friend or loved one by making a gift in their name.

REMEMBER THE COMMUNITY FOUNDATION with a legacy gift in your will or trust.

For more details on giving: www.c3f.org / 231.536.2440

Funds.

COMMUNITY ENDOWMENTS

Respond to community needs and opportunities both now and in the future Community Endowment

Alyce Lesser Fund for the Community Dennis and Flo Wojan Family Fund for the Community Drost Fund for the Community Edward B. and Anne C. Leverich Fund for the Community

Frank J. & Betty J. Strehl Fund for the Community Laura Hansen Fund for the Community Phyllis Childs Memorial Fund for the Community Susan and Gordon Van Wieren Fund for the Community* Trustees Fund for the Community Van Dam Family Fund for the Community* Williamson Family Fund for the Community SUN Fund

ARTS AND CULTURE ENDOWMENTS

Support arts and cultural programs and projects

Arts and Culture Fund

Bonnie Staffel Fund for Arts and Culture Wisser-Saworski Endowment for the Arts

ENVIRONMENTAL ENDOWMENTS

Support environmental education, protection, restoration, access, and sustainability initiatives

Ethel Coeling Environmental Fund

Jim and JoEllen Rudolph Fund for the Environment

Tunison-Garlock Fund for the Environment

With more than 325 different funds, the Community Foundation offers multiple ways to support good work in our community.

GEOGRAPHIC ENDOWMENTS

Support needs and advance opportunities specific to local communities

Beaver Island Enrichment Fund

Adam Kendall and Kate Leese Fund for Beaver Island*

John and Laurene Adams Fund for Beaver Island

Works Family Fund for Beaver Island

Boyne City Enrichment Fund

Louanne and Cristy Davis Family Fund for Boyne City

Charlevoix Enrichment Fund

Barbara G. MacArthur Fund for Charlevoix East Jordan Enrichment Fund

Robert and Beverly Walker Fund for East Jordan

Harry and Phoebe Watson Fund for East Jordan

HEALTH ENDOWMENTS

Support efforts to improve the health and well-being of residents Health Fund

Owen Welsh Fund for Health Towsley Fund for Health

URGENT NEEDS FUNDS

Support friends and neighbors in need

Urgent Needs Fund

United Way Fund for Urgent Needs*

YOUTH ENDOWMENTS

Support programs and projects that benefit youth, as directed by the Youth Advisory Committee Youth Fund

Bob and Gay Pung Fund for Youth Boyne Mountain Fund for Youth*

Cliff and Beth Bye Fund for Youth

Jack Laucher Fund for Youth Towsley Fund for Youth

Tunison-Garlock Fund for Youth

STUDENT SUCCESS ENDOWMENTS

Remove barriers to learning, provide enrichment opportunities, and encourage students to become successful community citizens in partnership with public school districts

Beaver Island Endowment for Student Success

Caitlin Boyle Endowment for Student Success*

Boyne City Endowment for Student Success

Smelt City VFW Post 3675 Boyne City Endowment for Student Success*

Boyne Falls Endowment for Student Success

Laurie Howell Memorial Endowment for Student Success*

Smelt City VFW Post 3675 Boyne Falls Endowment for Student Success*

Charlevoix Endowment for Student Success

Rayder Enrichment Endowment for Student Success*

Terry Blissett Endowment for Student Success

East Jordan Endowment for Student Success Bill & Esther Porter Endowment for Student Success

COLLABORATIVE SCHOLARSHIP ENDOWMENTS

Provide multi-year financial support for area students as they pursue post-secondary education

Beaver Island Scholarship Endowment

Boyne City Scholarship Endowment

Sam and Vera Tokoly Scholarship Endowment*

Boyne Falls Scholarship Endowment

Charlevoix Scholarship Endowment

Robert and L. Georgine Craig Scholarship Fund

Mark R. Yager Memorial Scholarship Endowment*

Peter Pace Scholarship Endowment*

Charlevoix Development Corporation Fund

Elizabeth Griffin Herman Scholarship Fund

Arthur Taylor Scholarship Fund

East Jordan Scholarship Endowment

Alice Garlock Memorial Scholarship Fund

East Jordan Garden Club Scholarship Endowment*

Becky Bos Memorial Scholarship Endowment*

Leatha Larsen Memorial Scholarship Fund

Marion Brooks Memorial Scholarship Endowment

DESIGNATED ENDOWMENTS

Provide donors with a tool to make a specific local impact

Andrew Lonyo Fund

Arlene C. Bardy Memorial Fund

Barbara Ann Eileen Ferrington Endowment

Bethel Joann Bye Memorial Fund

Boswell Stadium Endowment Fund

Boyne Falls Medical Needs Fund

Brookside Cemetery Improvement Fund

Bruce M. and Barbara G. MacArthur Fund

Charlevoix Area Community Pool Endowment Fund

Charlevoix Canopy Fund

City of Charlevoix Dog Park Endowment

City of East Jordan Recreation Endowment

Classic Instruments, Inc. Community Fund

Colleen Currier-Hart Memorial Endowment

Crooked Tree District Library-Book Fund

E. Darrell Dinwiddie Memorial Fund

East Jordan & Southern Station Band Shell Maintenance Fund

East Jordan Community Auditorium Endowment Fund

East Jordan Community Pool Endowment Fund

East Jordan Rotary Student Exchange Fund

Effie Hancock Smith Memorial Fund

Ethel W. Coeling Fund

Father Bill McKeon Memorial Fund

Helen Hoffman Collar Memorial Fund

Howard Haselschwardt Memorial Fund

Industrial Development Fund/East Jordan James and Evelyn Howell LTC Education Fund

Joan R. and Charles M. Taylor, II Memorial

Endowment-Grandvue Medical Care Facility Fund

John & Barbara Polinski Memorial Fund

John B. Smith “Strive” Fund

Jordan Valley EMS Authority Endowment Fund

Justin Conklin Memorial Fund

Kenneth & Ina Slough Memorial Fund

Kenneth Diller Memorial Fund

Kindness Endowment

Lake Charlevoix Protection Fund

Luke Pace Memorial Music Fund

Marina LaBlance Music Education Fund

Mark Clute Memorial Fund

Mary Glenna Malpass Mission Fund

Maura Brandi MSU Internship Funds

Mt. McSauba Recreational Area Fund

North Central Michigan College Link to Learning Endowment Funds

Phyllis Malpass Critical Needs Fund

Postle Farm Preserve Fund

Ronald W. Haggard Memorial Fund

Ruth Schofield McKinney Memorial Fund

Rylie Memorial Animal Care Funds

The Gotcha! Fund

Veterans Assistance Endowment

William Frey Charitable Fund

Zonta Club of Charlevoix Area Fund

DONOR ADVISED FUNDS

Allow donors to be involved in selecting what organizations and projects to support – locally and beyond

Amber Phillips Mercy and Justice Fund

Behling Family Fund*

Boyne City Rotary Club Fund

Boyne City Rotary Club Steve Baker

Memorial 22nd Century Fund

Bruce & Joyce Herbert Fund

Burt & Sharon Moeke Family Fund

C & S Porter Fund

Charlevoix Area Memorial Cancer Fund

Charlevoix Public Library Fund

Charlevoix Rotary Club Fund

Chicago Club Funds

Cortright Family Community Fund

David and Diane Reid Charitable Fund

Diller Family Funds

Fisher-Cummings Family Fund

Fr. Pierre Charlevoix Knights of ColumbusCouncil 7172 Endowment Fund

Frederick & Barbara Malpass Family Fund

Frey 4North Philanthropy Fund*

Frey Family Fund

Frey Foundation Fund

Hanna Family Endowment Funds

Hansen Family Funds

Hestia Women’s Giving Circle Fund

Hoyt-Kurowski Family Fund*

Hulsman Family Fund

IMI Community Endowment Fund

Jack and Danielle Poindexter Family Fund

James & Sharon White Family Fund

James and Taylor Malpass Family Fund*

Jeff & Anne Miller Fund

Jelinek Northstar Fund

John & Barbara Polinski Rotary Funds

John & Sue Dixon Fund

Keane Family Fund

Luther and Mary Kurtz Fund

Lynne and Mason Rosenthal Family Funds

M.J. Costa Funds

Matt and Katie McLeod Family Fund

McLeod-Lory Charitable Fund

Nancy & Jeffrey Porter Family Fund

Perry Irish Hodgson Charitable Funds

PL Fund

Polakowski Family Funds

Pursel Family Funds

Rotary Club of Charlevoix-Public Schools

Auditorium Endowment Fund

Sam & Cass Williamson Fund

Scott and Charlotte Diller Family Funds

Serendipity Fund

Sherman Family Funds

Steve and Anne Hansen Family Fund

Stowe Family Fund

Susan Van Wieren Charitable Fund*

Tad & Brenda Malpass Family Fund

The Charlevoix Club Fund

The Summer Fund

Victor & Pauline Garmyn Memorial Fund

William E. & Mary S. Malpass Fund

W-S Wanderlust Fund

FIELD OF INTEREST ENDOWMENTS

Address an area of concern or a cause

Dedoes Family Fund

Eugene B. Renkiewicz Memorial Fund

Housing Solutions Fund

Lake Charlevoix Watershed Fund

ORGANIZATIONAL FUNDS

Provide general support for the missions of local organizations B.A.S.E.S. Funds

Beaver Island Christian Church Funds

Beaver Island Community Center Fund

Beaver Island Cultural Arts Association Funds

Beaver Island District Library Building Fund

Beaver Island District Library Endowment

Beaver Island Historical Society Fund

Beaver Island Rural Health Center Funds

Bellaire Public Schools Enrichment Fund

Boyne City Booster FoundationPerforming Arts Fund

Boyne District Library Endowment Fund

Camp Daggett Fund

Challenge Mountain Fund

Challenge Mountain Spirit Day Camp Fund

Charles Minor Taylor III Memorial Endowment Fund-Tip of the Mitt Watershed Council

Charlevoix Alano Club Fund

Charlevoix Area Garden Club Funds

Charlevoix Area Humane Society Funds

Charlevoix Circle of Arts Funds*

Charlevoix County 4-H Endowment Fund

Charlevoix Historical Society Fund

Charlevoix Historical Society Preservation Funds

Charlevoix Public Library Endowment

Charlevoix Public Library Organizational Fund

Child & Family Services of NW Michigan Fund

City of East Jordan-Perpetual Care Fund

Crooked Tree Arts Center Cultural Fund

Crooked Tree District Library Endowment Fund

East Jordan Historical Society Endowment Fund

East Jordan Learning Alliance Endowment Fund

East Jordan Public Schools Endowment Fund

Forest View Community Fund

Good Samaritan Family Services Fund

Grandvue Endowment Fund

Grandvue Terrace and Parks Building and Maintenance Fund

Hospice of Northwest Michigan Fund

Joan R. and Charles M. Taylor II Endowment Fund-Christ Episcopal Church of Charlevoix

Joppa House Fund

Jordan River Arts Council Building Fund

Jordan River Arts Council Fund

Jordan Valley District Library Fund

Keep Charlevoix Beautiful Funds

Leadership Charlevoix County Funds

Munson Healthcare Charlevoix Hospital Endowment Fund

Northern Community Mediation Endowment Fund

Northwest Michigan Food for Humanity Fund

Northwest Michigan Habitat for Humanity Fund

Planned Parenthood of West and Northern Michigan Endowment

Raven Hill Discovery Center Fund

Tip of the Mitt Watershed Council Fund

Top of Michigan Mountain Bike Association Fund

Walloon Lake Trust and Conservancy Fund Women’s Resource Center Fund

SCHOLARSHIP ENDOWMENTS

Provide financial support for area students as they pursue post-secondary education based on criteria set by donors

Beaver Island 21st Century Kitty McNamara Scholarship Fund

Belvedere Scholarship Endowment Fund

Belvedere Scholarship Grantmaking Fund Bill and Jerry Brady Memorial Scholarship Fund

Bob Snyder Memorial Scholarship Fund Boyne City Cooperative Scholarship Fund Boyne Falls Polish Festival Memorial Scholarship Fund

Boyne Valley Lions “Clive & Ruby Vollick” Scholarship Fund

Buck and Shirley Golovich Scholarship Fund

Casey & Mark Newville Memorial Fund

Charlevoix County Farm Bureau Endowment Fund

Choice Snyder Family Memorial Scholarship Fund

Christy Gill Memorial Scholarship Fund Chx Co Chapter MARSP Scholarship Fund

Eary/Conrad Family Memorial Scholarship Fund

East Jordan Rotary Club Scholarship Fund

East Jordan Rotary Opportunity Scholarship Fund

East Jordan Rotary Vocational Education Scholarship Fund

Edna Brown Nursing Scholarship Fund

Ellsworth Community Scholarship Fund

Ellsworth Community Scholarship FundGrantmaking

F. Bruce Malpass Memorial Scholarship Fund

Frank J. Lamesfield Boyne City Scholarship Fund

Harbor Industries, Inc. Fund

Henry Lee and Elizabeth C. Lee Scholarship Endowment

I.O.O.F. Vocational Education Scholarship Fund

Industrial Magnetics Memorial Scholarship Fund

Jeremy and Nicholas Bingham Memorial Scholarship Fund

Joe Schwem Memorial Scholarship Fund

John D. Juracko Scholarship Fund

Kenneth Diller Memorial Scholarship Fund

Kristen Cleary Memorial Scholarship Fund

Larry R. Gee Memorial Scholarship Fund

Lee & Tokoly Charitable Educational Fund

Leszek Wasylewski Memorial Scholarship Fund

Marge Ferguson Mayville Memorial Scholarship Fund

Miss East Jordan Scholarship Pageant Fund

Munson Healthcare Charlevoix Hospital Nursing Scholarship Fund

Munson Healthcare Charlevoix Hospital Staff Education Fund

Muriel and Bill Zoulek Memorial Scholarship Fund

Norm and Genevieve Bartlett Scholarship Fund

Peggy Carey Northway Nursing Scholarship Fund

Pete Spieles Cross Country Scholarship Fund

R. Loren and Kay Hughes Scholarship Fund

Ray Kipke Athletic Scholarship Fund

Robin Coon Scholarship Fund

Roy H. Elsworth Scholarship Endowment

Shawn McCraney Pay it Forward Scholarship Fund

Sheila Allen Memorial Scholarship Fund

Shepard Family Scholarship Fund

Ted and Nancy Sherman Scholarship Fund

Teddy Jeffery Memorial Scholarship Fund

Teddy Slough Memorial Music Scholarship Fund

U. S. Marine Corps League-No. MI. Detachment Scholarship Fund

Walter & Norma Thorsen Memorial Scholarship Fund

*Indicates new funds

TOTAL ASSETS *Through 9.30.22

BALANCE SHEET

December 31, 2021 and 2020

CURRENT ASSETS 2021 2020

Cash and cash equivalents 4,234,779 3,474,506 Pledges and accounts receivable 15,992 14,780 Prepaid expenses 3,005 3,005

Total current assets 4,253,776 3,492,291

LONG-TERM ASSETS

Investments 58,397,348 47,608,876 Pledges Receivable 26,768 19,136 Land, building, furniture and equipment, net of accumulated depreciation 396,632 413,766

Total assets 63,074,524 51,534,069

CURRENT LIABILITIES

Other liabilities 14,806 11,000 Grants payable 237,475 204,888

Total current liabilities 252,281 215,888

LONG-TERM LIABILITIES

Grants payable 233,350 90,500 Special project liabilities 0 6,166 Funds held on behalf of other agencies 4,699,961 3,869,879

Total liabilities 5,185,592 4,182,433

NET ASSETS Net assets 57,888,932 47,351,636

Total liabilities and net assets 63,074,524 51,534,069

WHO WE ARE

The Charlevoix County Community Foundation is a charitable organization that’s dedicated to improving and enriching life for all who live in our area. Founded by a group of local citizens in 1992, the organization has grown to be a valuable resource for our county, distributing more than $35 million in grants over the past 30 years.

WHAT WE DO

With long-term experience in grantmaking and developing relationships with nonprofit organizations, we understand how to support and cultivate growth in the communities around us. Each year our grants encourage environmental stewardship, the arts, economic growth, health and wellness, youth initiatives, recreation, education, and more.

301 Water Street PO Box 718 East Jordan, MI 49727 231.536.2440 info@c3f.org www.c3f.org