TCFHR Annual Report

GIVING MADE EASY. A N N U A L R E P O R T 2 0 2 2 Printing compliments of PXI

BOARD OF DIRECTORS

Donna Harper CHAIR

Vice President for Access and Enrollment Management

James Madison University

Kevin Flint, CFP®

VICE CHAIR

Hess Financial

Lindsay Brubaker

SECRETARY

Attorney

BotkinRose PLC

Ellen Brodersen

TREASURER

Retired

C P A at Clark & Bradshaw, P C

Dale Hulvey

PAST CHAIR

Retired

CIO - AVP for Information Technology at James Madison University

Ande Banks

City Manager

Harrisonburg, VA

Trish Davidson

Assistant County Administrator Rockingham County, VA

Leslie Dutt

Associate Director Engineering

Merck & Co

Cary Hevener

Retired

Chief Financial Officer at TSSi

Kristian Horneber

Senior Accounting Manager-Financial Reporting

James Madison University Foundation

Gannon Irons Financial Advisor

Edward Jones

Charles Martorana

Retired Valley Region Market President at Blue Ridge Bank

Mike Mehling

Information Technology Application Manager

James Madison University

Cynthia Prieto

Retired

Principal at Harrisonburg High School

Alan Shelton

Retired

Senior Food Scientist at Cargill

Matthew Sunderlin

Managing Partner

Clark & Bradshaw, P C

What does giving back mean to us at The Community Foundation? The TCFHR staff members each have different responses but at the center hold the same values We want to share what we have with others, plain and simple. Our focus is to make giving easy so that we may create bridges and impactful collaborations among donors and nonprofit organizations. In order to do that, we have to uphold our value of trust We must be transparent and responsible to those we serve including donors, nonprofits, professional advisors, students, and the greater Harrisonburg-Rockingham community Trust, a core value of The Community Foundation, is instilled in everything we do. The Community Foundation holds itself accountable and preserves the intent of every donor that works with us, now and forever. We respect the pre-existing trust between professional advisors and their clients by facilitating charitable giving directly with those advisors. Nonprofit organizations trust us because our vision is that every nonprofit has the resources they need to succeed Students come to us for guidance for their scholarship funding. Lastly, we want to embody trust within the greater community because it is the home we know and love. We encourage you to learn more about The Community Foundation by continuing to read our 2022 Annual Report. Thank you for your continued partnership and trust.

F R O M T H E C H A I R A N D E X E C U T I V E D I R E C T O R

Donna Harper Board Chair Revlan Hill Executive Director

P A G E 1

P A G E 2

From 2018 to 2022, Harrisonburg and Rockingham raised a total of $5,117,703 through Great Community Give. This does not include the additional nearly $400,000 given directly to nonprofits by our generous sponsors!

Over 10,000 donations made of total credit card fees were covered by generous donors

WERERAISED

OFTOTALDOLLARS DURINGEARLY GIVING

BRONZE MEDIAPARTNER

2022Sponsors

Dr.Charles&MaryHenderson

ChesterandNancyBradfield AnnMarieLeonard GOLD

nTelosWirelessFoundation PLATINUM

SILVER

PHOTOS

BarbaraStoltzfus Paul&SherryCline Jim&StephanieHiggs Roger&SonjaBible FRIENDSOFTHECOMMUNITY

Donors gave to participating organizations

raised for Harrisonburg and Rockingham nonprofit organizations

i n P h i l a n

2 0 2 2

Clark & Bradshaw, P.C.

Matthew C. Sunderlin

Bradley J. Moyers

Quinton B. Callahan

Amy L. Rush

Estland

Vada Kelley

Flora Pettit PC

Graves Light Lenhart Private Wealth Management

Asa Graves

Wes Graves

Ashley “Ash” Heatwole

Doug Light

Jeff Lenhart

Lantz & Gochenour Investment Group of Janney Montgomery Scott

Michael C. Gochenour

Mary Bryant Via

Larson Wealth Management

David Larson

Tyler Conley

Matthew Gray

Jennifer Carrier

PXI

Mike Meredith

Sipe Kiser Investment Group of Wells Fargo Advisors

Ed Sipe

Stern & Heatwole Financial Group

Norman Stern

Christine E. Worontzoff

O. Franklin Showalter, III

Mark Brenneman

Strategent Financial, LLC

Dale S. Lam

Abe J. Shearer

Melissa M. Mayhew

The Myrias Group

Andrew M. Huggins

Christopher R. Goehner

Nicole C. Tayman

Joshua Kyger

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P A G E 3

We facilitate multiple ways to give to our community through different types of donations including money, securities, property and complex gifts. Our local community and professional advisors trust us to honor the intentions of our donors and to ensure their donations go to the organizations, funds or endowments they choose. At The Community Foundation, we are always looking to the future as we address current community needs. We work to grow community endowments so that nonprofits can budget and plan for their organization’s future.

Endowments like the Community Endowment, Children's Cancer Endowment, Big Brothers Big Sisters Endowment Fund, and many more are housed at The Community Foundation We specialize in endowment giving to fund the future of our community Your gift is invested and earnings from this fund are used to make grants addressing community needs or your designated charitable interest. Your gift and all future earnings are a permanent source of community capital, helping do good work today, tomorrow and for years to come. Over several decades, an endowed fund’s principal can more than double… while supplying grants every year.

Donors who endow their gifts can make a difference in their community during their lifetime, and for the future of the community. Grants will continue to be made in the name of the fund you establish so that your charitable wishes are preserved. To learn more on how you can invest in our community's future, visit www.tcfhr.org or call us at 540-432-3863.

P A G E 4

COMMUNITY OUTREACH

We kicked off 2022 with Harrisonburg-Rockingham Chamber of Commerce's Non-Profit Showcase at Massanetta Springs Camp and Conference Center. Amanda Bomfim and Ultimate International Miss Virginia Elite, Ms. Amanda Nott, enjoyed sharing TCFHR's work with nonprofits, businesses, and community members.

CREATING HOME LIBRARIES

Dolly Parton's Imagination Library officially launched in Harrisonburg and Rockingham County on March 1. The Community Foundation was so excited to bring this program to our area's children under five! To date, there are over 2,000 children signed up to receive a free, quality, and age-appropriate book every month until they turn five years old. Learn more about the program at www.tcfhr.org.

SUPPORTING THE ARTS

The Community Foundation had the pleasure and honor to celebrate Dr. Earlynn J. Miller at her residence on May 24, 2022. We invited the arts nonprofit community to learn about an exciting new grants opportunity. The Earlynn J. Miller Fund for the Arts would begin its brand new grant cycle in Fall 2022.

NEW FUNDS

The Community Foundation happily welcomed 26 new funds in 2022.

WSVA 550

The Community Foundation continues to enjoy their monthly show with all at WSVA 550. You can hear us live every first Monday, discussing the latest in philanthropy.

P A G E 5

SUPPORTING NONPROFITS

The fifth annual Great Community Give took place on April 20. The Community Foundation was excited to announce that the third Wednesday in April shall henceforth be known as Great Community Give DAY. We are grateful to Harrisonburg City Council and Rockingham County Board of Supervisors for celebrating the community-wide giving day with us Over 7,000 donors gave $1,727,489 to 125 local nonprofit organizations this year. The Great Community Give initiative has raised $5,117,703 over the five years since its inception in 2018. Learn more at www.greatcommunitygive.org.

In 2022, Excellence in Nonprofit Leadership provided two workshops for nonprofit leaders. June Bradham and Tucker Branham presented Change Continues: A Deeper Dive focused on organizational culture and success with emphasis on board leadership. Jennifer Testa provided a workshop called Your Personality and the Workplace. This served as a mini-bonding retreat for nonprofit participants and an opportunity to learn more about one another's work ethic.

INSPIRING OUR COMMUNITY

The Rocco Forum on Philanthropy is a bi-annual symposium that inspires interest and engagement in philanthropic endeavors that positively impact people’s lives whether in our local communities or around the world. The Rocco Forum was hosted in partnership with the Harrisonburg Rotary Club and took place on June 6. This year's luncheon invited June Bradham and Tucker Branham, Founders of Change Develop Move. Their presentation was called Change Continues: Transitions, Trust, and Technology.

REFLECTION AND GRATITUDE

On September 12, The Community Foundation hosted our Annual Donor Event, our first since before the start of the pandemic! We took the time to thank our donors and partners, and celebrate Ann's 10th work anniversary at TCFHR. Ann is a joy for her coworkers and her work will benefit our community for many years to come.

P A G E 6

GIVING BACK

The Giving Back guide was published on November 9. Sixty-five Harrisonburg-Rockingham nonprofits shared their needs for funding in a more in-depth and direct way with the greater community. The Community Foundation hopes this publication will be a resource for local charitable giving throughout 2023. We encouraged Harrisonburg and Rockingham residents to refer to the guide during #GivingTuesday on November 29 and donate to causes to which they felt connected

NATIONAL PHILANTHROPY DAY

Dr. Earlynn J. Miller was posthumously awarded the Individual Philanthropist Award at National Philanthropy Day hosted by Association of Fundraising Professionals, Shenandoah Chapter on November 21. Her partner, Don Albright, accepted the award on her behalf with a moving speech about Earlynn's love for the arts and this community.

LITTLE SWISS FUND

The Little Swiss Fund is a fund whose monies are annually invested and distributed to benefit Highland County, VA nonprofit agencies with 501(c)(3) tax exempt status. Grants from the 2022 distribution totaled $443,603 to thirteen organizations.

FUNDING EDUCATION

TCFHR manages multiple scholarship funds to help students access educational opportunities in Virginia and beyond. We work with local K-12 schools, universities and colleges to communicate and promote these opportunities to eligible students. We then manage and distribute scholarship funds to ensure our local students can get the education they need to live their best lives.

Sixty-four high school and college students received a total $466,000 in one-time and renewable scholarships should they continue to meet scholarship requirements. $754,186.98 in Virginia Dept. of Education Improvement Scholarships were awarded to 172 K-12 students at five different schools. Sixty-three donors participated in the VDOE Tax Credit Program

P A G E 7

COMPETITIVE GRANTS TO NONPROFITS

This year’s competitive grants total $152,235 to thirteen local nonprofits, more than TCFHR has given out in years past. The largest distribution ($55,000) came from the Earlynn J. Miller Fund for the Arts. Grant distributions come from funds held at TCFHR and are determined through a competitive application and grant review committeeprocesseachfall.

AlvinV.BairdJr.ProgramEndowmentFund:

$8,657toAdagioHouseforCompassionFund

$15,080 to Blue Ridge Free Clinic for Accessible and WholisticHealthcare.

$20,000 to Strength in Peers for Community Resource and RecoveryCenterExpansionintotheOldFreeClinic.

CommunityEndowmentFund:

$4,976.50 to Blue Ridge CASA for Mental Health Services AdvocacyforAbused&NeglectedChildren

$4,976.50 to First Step for Safe Shelter for Survivors of DomesticViolenceandtheirChildren.

EarlynnJ.MillerFundfortheArts:

$15,000toArtsCounciloftheValleyforArtistsuppliesand stipends for their Opening Doors: The Art of Inclusion project.

$40,000 to Harrisonburg Dance Cooperative for Dance PerformanceandGatheringSpace.

HildredNeffMemorialFund:

$7,000toCat'sCradleforPetRetentionforLow-incomeand otherVulnerablePopulations.

$4,411.50toAniciraforOperationFreePetHealthcare.

$11,411.50 to Wildlife Center of Virginia for Treatment of Sick,Injured,andOrphanedWildlifefromHR.

JanetSohnEndowedFund: $12,995 to Central Valley Habitat for Humanity for their RubaDubDub-Sinks,Commodes,andTubsproject.

MarySpitzerEtterEndowedFund: $4,799 to Arts Council of the Valley for Court Square Theater2023SummerYouthCamps.

SeanWarnerMemorialFund: $1,020 to Family Life Resource Center for a Scholarship Fundforchildrenandyouthofdivorcedparents

ValleyArtsandCultureFund:

$1,908 to OASIS Fine Art & Craft for their Second Home Project.

P A G E 8

FINANCIAL INFORMATION

July 1, 2021 - June 30, 2022

HOW TO GIVE

Your Community Partner For Trusted Charitable Giving.

GIVING BACK MADE SIMPLE.

Starting a fund at TCFHR is easy. You can open a fund with as little as a $5,000 charitable donation, but typically funds are between $10,000 and $1 million.

Scholarship Fund minimums are $25,000.

WORK WITH US WHEN:

Facing a large taxable situation (ex. sale of a company)

Looking for tax credits (Education Tax Credits)

Working on your charitable giving through your estate

You want to simplify your giving

You want to establish a scholarship or endowment

You want to honor or remember a loved one

You simply want to give back to the community you love

YOU CAN GIVE THROUGHOUT YOUR LIFETIME

PERSONALIZED CHARITABLE GIVING WITH YOUR GOALS IN MIND. CALL US AT 540-432-3863 OR VISIT TCFHR.ORG

Total Assets Financial Position 2019-20 $54,691,642 Total Liabilities Net Assets $45,959,095 Statement of Activities 2019-20 Revenues Expenses $8,732,547 $74,205,759 $66,330,864 2020-21 Agency Fund Obligations Remainder Trust Liabilities Other Liabilities $8,434,697 $260,671 $37,179 $7,517,846 $309,118 $47,931 $7,874,895 Grants Less Agency Fund Distributions Other Program Services General & Administrative Fundraising $5,063,889 ($797,885) $297,391 $204,716 $72,275 $5,974,121 ($304,509) $288,559 $227,246 $65,916 2020-21 Total Assets $68,152,988 $58,679,320 2021-22 $7,073,222 $269,324 $17,522 $9,473,668 $16,105,285 ($85,731) $306,437 $1,144,419 $113,708 2021-22 Contributions and Other Support Investment Gains Less Agency Fund Activity $5,949,279 $1,701,607 ($502,488) $15,142,068 $13,046,377 ($1,565,343) $17,627,121 $7,997,733 ($303,186) Total Revenues $7,148,398 $26,623,102 $9,932,574

The Community Foundation’s 2021-22 audit is conducted by BROWN, EDWARDS & COMPANY, LLP. The complete Financial Statements, with accompanying footnotes, as well as Form 990, are available for inspection at the Community Foundation office and online at www.tcfhr.org.

AND YOU CAN CONTINUE CHARITABLE GIVING IN PERPETUITY. P A G E 9

2022 TCFHR GRANTMAKING

$15,700,954 IN TOTAL GRANTS

$59,091,820

TOTAL

Donor-Advised 23,104,738 FieldofInterest 19,270,473 Designated 7,776,065 Agency 7,078,222 Scholarship 6,377,514 Others 2,411,244 U.S. Equity 51.05% Fixed Income 25.56% Int'l Equity 10.30% Cash & Equivalents 8.62% Alternatives & Other 4.47% PROGRAM AREA GRANT Agency Fund Distributions $100,820 Animal Related $64,344 Arts, Culture $81,840 Civic $326,257 Disaster Relief $1,941,367 Education $2,863,996 Environmental Initiatives $51,438 Faith Based 1,268,351 Healthcare $3,016,130 Historical Preservation $110,978 Human Services $2,337,956 Recreation $110,100 Scholarships $905,326 Youth Human Services $178,417 Grand Total 15,700,954 Elderly $2,299,382 Mental Health $44,250

GRANT DISTRIBUTIONS OVER FIVE YEARS FY18: $4,549,051 FY19: $6,899,370 FY20: $5,063,889 FY21: $16,105,285 FY22: $15,700,954 TOTAL GRANT DISTRIBUTIONS SINCE INCEPTION:

2022 ASSETS BY FUND TYPE PublicProjectFundraising $618,630 TCFDiscretion $1,516,102 CHANGE IN ASSETS OVER FIVE YEARS FY22 FY21 FY20 FY19 FY18 $47,355,163 $52,759,817 $54,691,642 $74,205,759 $68,152,988

FINANCIAL ASSETS

2022 INVESTMENT POOL ASSET ALLOCATION 2022 ASSETS BY FUND TYPE: $68,152,988

P A G E 1 0

2022 GRANTS BY PROGRAM AREA

The Community Foundation of Harrisonburg and Rockingham County

P.O. Box 1068

Harrisonburg, VA 22803

540-432-3863

www.tcfhr.org

Mission

We make it easy to give back to the community we love.

Vision

Harrisonburg and Rockingham County is a place where its people and the greater community prosper generation after generation.

Thank You

to our fund holders and the charitable individuals and businesses that support the work we do. We truly appreciate your continued support of our mission! We also express our gratitude to the Keystone members who gave generously to operations to help establish The Community Foundation while it was in its infancy These individuals and businesses believed in The Community Foundation before it had a proven track record

Please visit www tcfhr org to know these charitable individual and corporate contributors

By now, we hope you have noticed the wonderful art depicted on our pages. These photos were taken at Earlynn J. Miller's residence during the May 2022 event. The art is a result of Earlynn’s collaboration with and support of artists around the world. Thank you to The Downtown Creative for being our partner in capturing the beauty around us.

Amanda C. Bomfim Director of Marketing & Program Initiatives amanda@tcfhr.org

Tammy J. Duxbury Director of Accounting tammy@tcfhr.org

Amy E. Lemmons Grants Manager & Accounting Assistant amy@tcfhr.org

Ann B. Siciliano Director of Program Services ann@tcfhr.org

Revlan S. Hill Executive Director revlan@tcfhr.org