10
CELEBRATING
Community Foundation of Western Nevada
A nnual R eport 2007
2008 is a celebration year for the
Community Foundation of Western Nevada.
We celebrate 10 years of making connections with those in our community who understand the power and importance of philanthropic giving.
We celebrate 10 years of connecting with non-profit organizations which receive the philanthropic dollars that allow them to carry out the important work they do.
We celebrate 10 years of connecting with the individuals, families, friends and financial advisors who recognize, support and sustain our mission.
We are proud to present our Annual Report for the year 2007 filled with stories that celebrate our fund holders’ accomplishments.
Join us as we celebrate 10 years!
Table
of
Contents
Financial Highlights...................................................... 2 Celebrating 10 years...................................................... 4 Letter from Chair of the Board of Trustees.................... 8 Foundation in Action Hawken Fire Restoration......................................... 10 Doyle Family Fund and Clarke Family Fund........... 12 Big Read Matching Grant....................................... 14
10
CELEBRATING
Fernley Long-Term Assistance Fund........................ 16 Legacy Society............................................................. 20 Planned Giving/Professional Advisors Council............ 21 Board of Trustees......................................................... 22 Donors........................................................................ 24 Funds.......................................................................... 29 Grantees...................................................................... 33 Community Partnership Grant Program..................... 38 Scholarships................................................................ 40 Financial Report.......................................................... 45
Our mission is to strengthen our community through philanthropy by connecting people
Business Relationships................................................. 53
who care with
Difference Between a Private Foundation and a Donor Advised Fund Chart............................... 54
causes that matter.
How We Can Help...................................................... 56
1
Financial Highlights Community Foundation Growth Reaches New Heights 55
Assets
$50,255,967
50
45
Millions of Dollars
40
35
$29,381,075
30
25
20
$13,967,410
15 10
$5,462,184
5 0
2
$576,942 1999
2001
2003
2005
2007
Funds
of the
Foundation
Donor Advised, 60%.................. 29,826,124.20 Designated Funds, 20%............. 10,290,460.00 Endowments, 4%......................... 2,165,947.53
Endowments 4%
Scholarships 6%
Agency Funds 10%
Agency Funds, 10%...................... 5,197,847.00 Designated Funds 20%
Scholarships, 6%........................... 2,775,588.27
Donor Advised 60%
Total................................. $50,255,967.00
Grants Authorized Arts / Culture, 18%....................... 1,440,404.04 Children & Family, 3%..................... 249,659.36
Arts / Culture 18%
Community Development, 18%......1,481,716.77
Other 25%
Education, 21%............................ 1,738,553.98 Environment & Animals, 6%.......... 451,838.87 Health, 3%....................................... 232,302.30 Human Services, 3%........................ 278,003.48 Religious Institutions, 3%............... 265,727.40 Other, 25%................................... 2,017,645.10 TOTAL................................... $8,155,851.30
Religious Institutions 3% Human Services 3% Health 3% Environment & Animals 6%
Children & Family 3%
Community Development 18%
Education 21%
Over $8 million in grants were recommended by Community Foundation fund holders and authorized by the Board of Trustees for charitable or education organizations that serve our community and beyond.
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Celebrating 10 Years with 10 Stories 10 Connections that Inspire The Community Foundation spent the last 10 years helping smart, compassionate people turn their ideas into action. We celebrate their passion and generosity. Our region is a better place for their actions.
10
CELEBRATING
Evangeline Reese Grant (1897-1991) was a gifted professional musician and a beloved teacher at McKinley Park School in downtown Reno. Evangeline’s musical legacy lives on through her daughter’s gift of the rare Testore violin (in the photo) to the Reno Chamber Orchestra Endowment at the Community Foundation of Western Nevada. Each year a promising young student is loaned this magnificent instrument to play for the delight of Reno audiences.
Evangeline Reese Grant
Through the Community Foundation of Western Nevada, a family’s legacy reverberates in the Truckee Meadows.
Duncan Jemison* is a successful retired doctor who cares passionately about literacy and learning. Through the Read With Me Foundation at the Community Foundation of Western Nevada, he provides full preschool scholarships to at least two young early readers each year. Pictured here, two scholarship winners are graduating on to kindergarten. The Read With Me Foundation is a growing, permanent fund encouraging more children to read and learn every year. Look for these students to shine brightly in our northern Nevada * (Name changed to protect Fund holder’s privacy) communities for generations to come.
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Read With Me Foundation
Jay Thiessens is a successful businessman who owned his own company but could not read. He could not read his own contracts or his children’s Father’s Day cards. Nobody, nobody, except his wife knew his troubling secret.
Thiessens Literacy Foundation
After signing a $3.5 million contract that he could not read, Jay decided he had enough and asked for help. He worked on his vision-tracking problems and diligently went through tutoring. A reading advocate, he now helps local adults and children through his tireless volunteer work and a few strategic grants from the Jay and Bonnie Thiessens Literacy Fund at the Community Foundation of Western Nevada.
The young adults of the Langson family were given an extraordinary gift. Their uncle established a family donor advised fund and appointed the five cousins to be the donor-advisors. After the cousins decided they wanted to support dental health, the Foundation set about helping them find the right program to receive their gift. They were able to sift through the proposed possibilities and settle on a generous gift to the HAWC (Health Access Washoe County) dental services. Their thoughtfulness enabled 75 children to receive much needed care.
Langson Family
Marjorie Lee Mortensen, a retired librarian and longtime volunteer with the Nevada Historical Society, set up a permanent fund to purchase valuable historical documents and photos for the Society. As a single working woman, she lived simply and invested wisely. In 2003, towards the end of her long life, she gave herself the gift of acting upon her charitable dream. Now she forever gives our community her legacy of thoughtfulness and permanence.
e rie Le Marjo nsen Morte
5
Celebrating 10 Years Continued
10
CELEBRATING Bullying hurts everyone — the victim, the bully, and the bystander. Lilli Trinchero is passionate about helping children in Washoe County enjoy their school days in an accepting and bully-free atmosphere. Through her Celebrate Diversity Fund at the Community Foundation of Western Nevada, she has put a bully-free curriculum in the hands of every Washoe County School teacher and encourages each and every school to teach acceptance and to celebrate their students’ unique qualities. The Celebrate Diversity Fund is a permanent resource for local schools and community organizations. It will be here to help our children’s children learn to live peaceful lives, just as Lilli intends it to be.
chero n i r T Lilli sity Diver e t a elebr
C
With humor or straight-forward stories, children in 25 area elementary schools are learning about bullying and what to do about it, thanks to a grant from the Marguerite Wattis Petersen Foundation Fund. The books were either referenced as an integral part of the “No More Bullies” curriculum created by the Celebrate Diversity Fund or as resources listed in the back of each notebook given to teachers. By collaborating on the same mission, the funds accomplish more.
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Petersen Foundation Book Gift
Photo Courtesy: LMU
Charisse Sy graduates from Loyola Marymount University in Los Angeles this spring 2008. In 2004 she learned that she was chosen for a 4-year scholarship from the Phil and Jennifer Satre Harrah’s Employee Scholarship Fund. In 2007, she received an additional scholarship from the Claudine Williams Harrah’s Las Vegas Employee Scholarship fund. This boon from the Foundation funds encouraged her to spread her wings and attend the school of her dreams. Charisse is an outstanding student who is specializing in biochemistry and will be taking the MCATs. These remarkable scholarship funds are supporting students at prestigious universities across the United States, opening doors to the next generation of well-educated citizens.
Charisse Sy benefits from Satre Harrah’s Employee Scholarship
Each year a group of students from area high schools meet for 10 weekly meetings to learn about philanthropy by recommending $10,000 in Community Foundation grants to local nonprofits that touch their lives.
High School Giving Circle
Over the years, the Giving Circle has distributed an amazing array of creative grants that bring to light the innovative possibilities of Foundation support. Grants range from purchasing disposable cameras for prom to major funding for the Holland Project — a much needed local venue for youth expression of art and music.
Bob Kendall was born in 1923 and raised on the Comstock Lode in Virginia City. Bob’s fondest memories are of growing up on the Comstock Lode in the 1930’s when Virginia City was nothing but a small mining camp struggling to stay alive before the tourists came. Life then for a young boy was simple but full of wonderful things to do. Bob started first grade at the Fourth Ward School in 1928 and graduated from the eighth grade in 1936 — the year it closed as a school forever. Bob had a successful career in mining and after a 50 year absence returned to Nevada to live out the remainder of his life. His gift of an endowment will help in the restoration and preservation of the unique and important Historical 4th Ward School.
Historical 4th Ward School Robert Kendall Endowment
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T
he founding board of trustees
of the Community Foundation of Western Nevada had a vision for a trust of pooled funds that would benefit current and future generations of Nevadans. Ten years later, our mission remains the same: to strengthen our community through philanthropy by connecting people who care with causes that matter. We are proud of our growth and the services we offer our donors, nonprofit organizations, and professional advisors in our region. Above all, we are thankful for the dedication of our founders and the generosity of our many donors. As 2007 came to an end, we had much to celebrate. Since 1998 we have received over $66 million in gifts, established over 175 funds, and distributed over $32 million primarily to projects in northern Nevada. In June of 2007, we announced our first annual Community Partnership Grants to 25 organizations, totaling almost a quarter of a million dollars to help build the capacity of each recipient. These grants were made possible with seed money from the Ronald L. Olson Foundation and generous contributions from our fund holders and board members.
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The results of these conversations are helpful to all of our fund holders as they prepare to make donor advised gifts. Additional information about the conversations can be found on our website, www.cfwnv.org. As a Community Foundation, we are here to serve the needs of our region and often must act quickly. The fund created to benefit the victims of the Fernley Flood (see page 17) is our most recent example of our flexibility and capacity to serve as we responded to requests from the city leaders of Fernley. Recently we were pleased to receive confirmation of our compliance with the National Standards set by the Council on Foundations. The National Standards Seal signifies that our foundation has met the most rigorous review of our organizational and financial policies and procedures and affirms our commitment to financial security, transparency, and accountability.
Over the last several years, we have engaged numerous people in our community in conversations about the needs and funding priorities in the arts, education, and natural resources. This year we will be convening members of the health and human services sector to prioritize their needs.
Today as we plan for the future, we look forward to working with all sectors of our community: the citizens who seek to make a difference through philanthropy, the nonprofits who serve the needs of our region, and the leaders and professionals whose expertise can guide us all. We hope you’ll join us as we celebrate our past and strive to make a difference in the place we love to call home.
Chris Askin, CFRE, CSPG, Executive Director
Jennifer Satre, Chair, Board of Trustees
Jennifer Satre, Chair, Board of Trustees and Chris Askin, CFRE, CSPG, Executive Director 9
“
Photo Courtesy: Nevada Land Conservancy
Coming together is a beginning. Keeping together is
progress. Working together is success.
10
”
— Henry Ford
Working Together for Stronger Community
a
T
hrough the combined support of
Kelley Erosion Control completed hydromulching 43 acres immediately behind homes on Friday, November 2, 2007. Washoe County Public Works also completed the construction of two drainage basins to help capture sediment before it flows out of Alum Creek into the Truckee River. Aerial seeding of 350 acres in the upper elevations and aerial mulching of 160 of those acres occurred in February 2008. Hazardous trees have been removed, teams of volunteers replanted 300 Ponderosa and Jeffrey Pines seedlings, and a new flood earlywarning system has been installed on Alum Creek. Nevada Land Conservancy is serving as the fiscal agent, principal fundraiser, and volunteer coordinator for the Hawken Fire restoration effort. Project partners include Washoe County, the Caughlin Ranch Homeowners’ Association, City of Reno, U.S. Forest Service, Nevada Fire Safe Council, and Natural Resources Conservation Service.
Photo Courtesy: Nevada Land Conservancy
pubic and private entities, rehabilitation work on the Hawken Fire site is coming along. On July 16, 2007, smoke began to plume over Caughlin Ranch signaling the beginning of the Hawken Fire. The open-land wildfire burned over 500 acres, up to the backyards of Caughlin Ranch homes. Donor-advisors from three funds at the Community Foundation responded by recommending major grants for reseeding.
Kelley Erosion Control sprays a green hydromulch seed
mixture over parts of the Hawken Fire burn area in
southwest Reno. Nevada Land Conservancy, Washoe County,
U.S. Forest Service, and City
of Reno partnered on this fire
rehabilitation project, which will restore more than 500 acres that burned in July of 2007.
11
Graduating participants from the “Taking Charge” class.
“
The greatest benefit of synergy is
”
born in the diversity of perspectives.
— Danielle Marie Crume
12
Two Women Linked by Common Interest and Values
T
rudy Doyle and Barbara Clarke
do not know each other. But through their affiliation with the Community Foundation they are making a clear difference in the lives of seniors in northern Nevada. Trudy Doyle lives with macular degeneration – a chronic, progressive disease of the eyes. She wants seniors living with this pervasive health problem to know that in many cases there are aids and methods to help people with low vision live fulfilling lives. Trudy funded the UNR Sanford Center for Aging “Taking Charge” program. “Taking Charge” is a series of workshops presented to seniors to help them manage any chronic disease. The last of the seven-series classes deals exclusively with macular degeneration. Results from “Taking Charge” are impressive. n
Workshop participants are better able to talk with their doctors and families about their health concerns and needs.
n
They learn methods to break the Symptom Cycle of chronic disease.
n
Participants learn to identify resources to help them in their self-management goals.
The class is taught by team leaders who encourage members to become supporters of each other. Two class series and a leadership-team workshop were completed in 2007 and more are scheduled in the western Nevada region for 2008. For more information contact the University of Nevada, Sanford Center for Aging. Barbara Clarke’s late husband was a respected ophthalmologist. She knows well the value of sight. To help seniors who cannot pay for expensive corrective low-vision aids, Barbara established a fund at CARE Chest of Northern Nevada. Here is the story of one woman who was helped by Barbara’s fund at CARE Chest of Northern Nevada: Lorene, a petite 81-year-old grandmother of five and greatgrandmother of six, lives alone in a small apartment. She has no family locally. Lorene spends more of her time reading and says it is a major part of her life. However, Lorene suffers from macular degeneration which makes reading difficult and sometimes impossible for her. Surviving on a mere $277 from Social Security, Lorene cannot afford the optical devices not covered by insurance. Through a generous grant from the Community Foundation, CARE Chest was able to pay for Lorene’s glasses. These optical devices will help her to remain independent and do what she loves most – read.
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The Big Read is an initiative from the National Endowment for the Arts designed to restore reading to the center of American Culture. The Big Read brings together partners from across the county to encourage reading for pleasure and enlightenment. 14
Collaboration Leads to Matching Grant from the Kellogg Foundation
D
uring a month-long span from
mid-September to mid-October 2007, northern Nevada was reading Ray Bradbury’s novel, Fahrenheit 451. Not only were we reading the novel, we were talking about it in book clubs and blogs, critiquing it in high school English classes, creating art inspired by the novel’s message, watching the movie version at Idlewild Park, and going to lectures and workshops presented by respected educators and authors. This area-wide initiative was created by the National Endowment for the Arts and brought to us by our libraries. The NEA granted funds to support the program, but much more was needed by the Washoe County Library if they were going to generate communitywide enthusiasm and participation from schools and nonprofit literacy and arts groups. The Jay and Bonnie Thiessens Literacy Fund, the High School Giving Circle, the Friends of Washoe County Library, and The Washoe County Library Endowment — all funds within the Community Foundation, collaborated and made gifts to support the Big Read. The Community
Foundation then leveraged these gifts by applying for and receiving a matching grant from the Kellogg Foundation to further support the community-wide read. Working together, we were able to raise twice as much support and bring together diverse interests to create something special for everybody to enjoy.
Review
TMCC students and teachers create thought-provoking exhibit inspired by Fahrenheit 451.
“
You don’t have to burn books to
destroy a culture. You just have to
”
get people to stop reading them. —
Ray Bradbury, Fahrenheit, 451.
15
“
When strangers
start acting like NEIGHBORS...
communities are reinvigorated.
”
— Ralph Nader
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Fernley Long -Term Assistance Fund Unites Donors’ Shared Response into a Charitable Resource
S
aturday, January 5, 2008,
the Fernley Canal breeched, flooding homes and streets and displacing families and their pets in the freezing dawn. On Monday, January 7, the City of Fernley called Community Foundation director Chris Askin to talk about establishing the Fernley Long-Term Assistance Fund. Fernley City Hall was inundated, and managing this crisis was a challenging task. People were driving from Reno and Sparks loaded with shovels and cash to donate to the Fernley Flood victims. The Fernley Assistance Fund was created to ease the information flow and create a charitable pocket for this hard-hit community. With a simple phone call and a short agreement, the Community Foundation became the monetary contribution collection center for Fernley. Within hours our office phones were ringing, and during the next few weeks donations poured in by mail and by credit card through our website, www.cfwnv.org. The Fund received 144 separate gifts ranging from a few dollars sent in by a victim’s elderly relative from back east to thousands collected during individual and corporate fundraisers. The total amount contributed to the fund was $259,781.27.
The Fernley Long-Term Assistance Committee distributes the grants from this fund. The first phase of funding was distributed to flood victims who had registered with Lyon County Human Services by January 25, 2008. The checks were distributed January 31 and February 1 through Fernley City Hall. 190 households received checks totaling $185,830. The checks were disbursed based on the level of damage assessed to their homes by City officials during structural safety inspections. The remaining money in the fund, mostly generated after the first disbursement, has been and will continue to be distributed to families with unmet needs who apply to the Fernley Long-Term Recovery Team. A Case Management Supervisor, the Director of Recovery, and the Construction Supervisor will work with the families to develop a recovery plan. Once the revenue received from other disaster programs has been exhausted on recovery, families can apply for funding from the second phase of funding donated through the Community Foundation of Western Nevada. Each and every gift to the Community Foundation fund is carefully receipted, and the donors receive a personal letter of acknowledgement thanking them for their generosity and neighborliness.
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Fernley Long-Term Assistance Fund Donors Ahuja, Usha
Condron, Ms. Sondra
Howard’s Chevron
Allred, Mr. and Mrs. Scott
Denny, Ms. Thelda L.
America RV Rentals
Dimare, Mr. and Mrs. Richard P.
India Association of Northern Nevada
American Girls
EBSCO Industries
Ashurst, Ms. Anita
Elwess, Ms. Tiffany A.
Jesse Hall Elementary School – WCSD
Associated General Contractors
Fernley Free Methodist Church
Johnson, Mr. and Mrs. James
Barkley, Mr. David
Fincher, Mr. and Mrs. Clifton B.
Bedi Corporation
Fioresi, Ms. Gigi
Keyser, Robert S. and Dorothy J., Foundation
Bennett, Mr. and Mrs. Robert J.
First Independent Bank of Nevada
Kurashewich, Ms. Samantha
Bent, Ms. Laura L.
Gastroenterology Consultants
Ladies Aid Society
Berney Realty
Gerlach High School
Bevan, Mr. William R. and Mrs. Joan Fincher-Bevan
Gimblin, Ms. Lynne
Bhargava, Anubhav and Swasti
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Grasse, Ms. Linda
Janes, Ms. Colleen G.
LaFond, Ms. Cheryl Lakeside Community Church of Religious Science Lambert, Ms. Mary N.
Bill Glaser Hair Design
Greater Las Vegas Association of Realtors
Bonanza Printing
Greater Nevada Credit Union
Bretzlaff Foundation
Guerra, Mr. and Mrs. Carlos
Leiser, Mr. Rick and Ms. Anita Habberfield
Buhrmann, Mr. and Mrs. Henry J.
Hale, Ms. Laura
Lewis and Roca LLP, Lawyers
Buonanno, Mr. and Mrs. Joseph A.
Hardy, MD, Assemblyman Joseph P.
Lindsay, Mr. and Mrs. Robert
C3 Computer Services
Hartpence, Mr. and Mrs. Vic
Livingston, Mr. and Mrs. Richard
Calvanese, Mr. Jerry C.
Haynes, Mr. and Mrs. Robert
Luriland Foundation
Carolina Kitchen & Barbeque
Hearts of Gold Quilters
Lyon, Ms. Vivian G.
Chronister, Ms. Betty
Heckman, Mr. and Mrs. Rick
Mahadeva, Mrs. Bani Q.
Collins, Mr. James D.
Hogan’s Carb & Tune
Marracini, Mr. Joshua
Laughton, Ms. Judy LaVoie, Mr. and Mrs. Alan
McDonald Carano Wilson LLP
Reese, Mr. and Mrs. Luther
Tilford, Mr. and Mrs. Dave
McDonald, Mr. Verdell
Reno/Sparks Association of Realtors
Townsend, Senator Randolf J.
McGriff, Mr. and Mrs. Michael E.
Reno Rockin’ 50’s Dance Club
Trent, Ms. Gigi
MDM Silver State Solutions
Reno Toyota-Scion
Trisler, Mr. and Mrs. James, A.
Morris, Mr. and Mrs. Tom
Ricci, Ms. Pamela B.
Turner, Mr. and Dr. Jeff
Narala, Mr. and Mrs. Yugandhar
Robinson, Ms. Jennifer M.
Upton, Mr. Edward
Nevada Association of Realtors
Robles, Mr. Drake
Nevada Cement Company
United States Naval Air Station, Fallon Chapel
Roman, Mr. and Mrs. Keith F.
Nevada State Bank
Rosenlund, Mr. and Mrs. Gary
Veerendra-Babu, BR
Nicholson, Mr. and Mrs. Rick A.
Satre Family Charitable Fund
Kodandaraman, Mr.
Nolan, Senator Dennis E.
Schiller, Mr. and Mrs. Leonard D.
Vig, Mr. and Mrs. Gargi
Northwest Datacom and Power
Scripps, Mr. Jim
Wadia, MD, Gurjeet
Norwood 4-H Club
Serdehely, Ms. Rebecca
Walsh, Mr. and Mrs. James M.
Nutzmann, Ms. Wendi
Sertoma Club of Sparks
Owen, Ms. Sarah
Shen, Mr. and Mrs. John
Washoe County Public Guardian’s Office
Parish, Ms. Lynne
Sierra Neurosurgery Group
Parks, Mr. and Mrs. David R. Peer, Mr. and Mrs. Don
Sierra Nevada Association of Realtors
Piper’s Opera House Programs
Sierra Pacific Resources
Pitani, Mr. and Mrs. Keshav
Silver Spur Saloon
Professional Saleswomen of Nevada
Silver Sage Middle School
Purvis, Ms. Lynn
Smith, Mr. Byron F.
Q & D Construction
Sparks Elks Ladies
Rail City Casino
Spinola, Mr. John
Rawat, Mr. and Mrs. Banmali
Stonick, Mr. and Mrs. Victor H.
Narashimha, A. and A Vijayalakshmi
Thomas P. and Thelma B., Hart Foundation
Vaca, MD, Dante
Waterhouse, Ms. Linda D. Waterman, Mr. Donald W. Watts, Mr. and Mrs. Donald W.
19
Connect to the Future With a Planned Gift
T
his is your time. This is your chance. Leave a lasting mark on the place you love.
A bequest can literally change the future of our community. Designate a percentage of your estate to an endowment to benefit an organization or cause you feel passionate about. This may well be the largest single gift you will ever make in your lifetime and will affect generations to come. What inspires you? Do you want to preserve that grove of trees by the river that you fished under as a kid? Do you want to improve the old school building or train teachers to teach science in the outdoors? How about contributing to the expenses of the musical artists and venue where you and your beloved were moved to tears on a memorable night? Talk with your family. Then, talk with us. Five percent of your estate will mean a world of difference to your community and leave your lasting legacy for generations to come. The members of the Legacy Society have made a planned or estate gift to a fund at the Community Foundation of Western Nevada. Their generosity will be the source of a constantly flowing, charitable, well-spring of funds to nurture causes meaningful to them.
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Legacy Society Anonymous Robin Ballentyne Kim Becker Jan and Mary Beekhuis Carol Ann Carroll Susan Davenport Arthur and Shirley Di Salvo Reggie Dunbar Steve and Debra Finnell Karen Foissotte Robert and Monica Hemsath Bruce James David and Dee Dee Jensen Virginia M. Mansfield Mary McGrath Michael and Theresa Meyer Elizabeth Mollath Alfred and Lola Ouska Rosalie K. Quesnoy Alice Ramlow John and Patricia Snyder Nadine Stagelmeyer Rachel Struve Larry Struve George Summerhill Lilli Trinchero Jill M. Winter
Sample Bequest Language A bequest to the Community Foundation of Western Nevada is simple to make part of your estate plans. You may instruct your legal counsel to include in your will the following statement, “I give and bequeath _________________________ (amount or percentage of your estate) to the Community Foundation of Western Nevada, a nonprofit organization. This gift of an endowment fund shall be known as ______________________ (choose a name for your fund) This fund shall be devoted to the support of the following charitable causes or nonprofit organizations:___________________________________.
Professional Advisory Council The Professional Advisor Council is a group of seven professional advisors who have a history of working especially closely with the Community Foundation of Western Nevada. In partnering with us they have referred clients and colleagues to the Community Foundation, attended its events and are serving as charitable giving resources in their respective fields. The staff liaison to the PAC is Ralph Vroman, Community Foundation Controller. Their volunteer board committee chairman is Tony Termini. Elaine Alexander Bruce Brugler John Boyd Thomas Hall
Andrea Knapp Don Ross Tom Seeliger
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22
Jennifer Satre
Sallie Armstrong
Richard Barnard
John Mulligan
Butch Anderson
Kathie Bartlett
Fred Boyd
Rebecca Dickson
Mendy Elliot
Brian Kennedy
Diana Kern
Linda Smith
Jim Webster
Norma Webster
John Badwick
Kim Becker
Annette Bidart
Kathie Dees
Barbara Drake
Thomas Hall
Gail Humphreys
Sheila Leslie
Cary Lurie
Magda Martinez Hoffman
Maureen Mullarkey
Jim Pfrommer
Alicia Reban
Toni Termini
Board
of
Trustees
Jennifer Satre, Chair
Chair of the Executive Committee
James Webster III, Trustee
Sallie B. Armstrong, Vice Chair
Immediate Past President, Executive, Development and Finance Committees
Richard Barnard, Treasurer
Board Development Committee
Development Committee
Finance Committee Chair
John Mulligan, Secretary Butch Anderson, Trustee Investment Committee Chair
Kathie Bartlett, Trustee Program Committee
Fred Boyd, Trustee
Development Committee
Rebecca Dickson, Trustee
Development Committee
Mendy Elliott, Trustee
Development Committee
Brian Kennedy, Trustee Finance Committee
Diana Kern, Trustee
Program Committee Chair
Linda Smith, Trustee
Development Committee Chair
Norma Webster, Trustee
Advisory Board John Badwick, Investment Committee Kim Becker, Development Committee Annette Bidart, Investment Committee Kathie Dees, Program Committee Barbara Drake, Program Committee Thomas Hall, Investment Committee Gail Humphreys, Finance Committee Sheila Leslie, Program Committee Cary Lurie, Program Committee Magda Martinez Hoffman, Development Committee Maureen Mullarkey, Finance Committee Jim Pfrommer, Investment Committee Alicia Reban, Program Committee Toni Termini, Development Committee
Emeritus Board Robert Armstrong Nancy Fennell Mark Knobel
David Turner Col. William Van Allen (1914-2004) Ronald Zurek
23
Donors The following individuals and organizations made gifts to the Community of Western Nevada in 2007. Some of the people listed established new funds or added to existing funds. Others gave in honor or memory of friends or relatives. 255 North Sierra Street LLC Accela, Inc. Access to Healthcare Network Adams, David M. Al’s Excavating and Grading, Inc. All American Aire, Inc. Allied Washoe Petroleum American Legion Post 16 AMP Resources Anderson, Mr. and Mrs. Jack L. Anonymous Armstrong, Mr. and Mrs. Robert Arzuaga, Vic Ashley, Mr. and Mrs. George Askin, Mr. and Mrs. Chris Atlantis Casino Resort Ausherman, Mr. and Mrs. Vernon Auto Pros Motor Company Avansino, Melarkey, Knobel & Mulligan B & J, Inc. Badwick, Mr. and Mrs. John Bailey, Deborah Ballantyne, Dr. Robin Bangert, Sylvia Bank of America United Way Campaign
24
Banker, Mr. and Mrs. Bill Bartlett, Mr. and Mrs. Syd Baugus, Michael A. The Bauserman Group Baushke, James L. Baxley, Gayle Becker, Jane Kimberly Bein, Marti N. Belosic, Victor J. Bennett, Dana R. Berkove, Mr. and Mrs. Lawrence I. Bernhard, Mr. and Mrs. Alex K. Bietz, Gretchen Bingham, Mr. and Mrs. Dave Blackwood, Mr. and Mrs. R. S. Bolt, Mr. and Mrs. Harold M. Bolton, Mr. and Mrs. Carl Borrus McKean, Debra B. Bowker, Elizabeth Bristol, Mr. and Mrs. James C. Brosy, Dr. Paul Brown & Brown Insurance of Nevada, Inc. Bunge, Jim D. Cabela’s California Sierra Express, Inc. Callahan, Tammy
Capital City Distributing Capital Glass, Inc. Capstone Partners Caramella Family LTD Partnership Cardenas, Mr. and Mrs. Raymond Carson Medical Group Carson River Community Bank Cashell Enterprises, Inc. – Alamo Travel Center Castiglione, Mr. and Mrs. John M. Catamount Fund Certified Home Improvements, Inc. Challenger, Mr. and Mrs. Charles W. Charles H. Stout Foundation Charles Schwab & Co., Inc. Charter Communications Chatburn, Mr. and Mrs. John R. Chiavini, Mr. and Mrs. Paul Christensen, Virgil Chubb, Janet L. Circus Circus of Reno City National Bank - Los Angeles City of Reno Clark, Ellen and Tracy Clarke, Barbara Bradley Clarno, Mr. and Mrs. Roy
“
Determine that the thing can and shall be
done, and together we will find the way.
”
— Abraham Lincoln Clift, Claire J. Coe, Jack Coeur Rochester Inc. Coldwell Banker Plummer & Associates, Inc. Coleman, Mr. and Mrs. Robert E. Colescott, Mr. and Mrs. W. E. Coli, Mr. and Mrs. Sebastian J. Conn, Mr. and Mrs. Michael E. Dalrymple, Mr. and Mrs. William H. Davidsaver, Mr. and Mrs. Richard Davis, David Davis, Mr. and Mrs. Kurt Dean, Mr. and Mrs. Darrel A. Dedolph, Mr. and Mrs. John F. Dees, Mr. and Mrs. Jim Delaney, Shirley M. Delappe, Joseph P. and Laurie Macfee Dickson Realty Dillon, Mike Doyle, Mr. and Mrs. John M. Dreamstreet Dunton, Mr. and Mrs. Alan J. E.L. Cord Foundation Egan Commercial Real Estate Elliott, Mendy
Enterprise Rent-A-Car Estep, Mr. and Mrs. Philip M. Farahi, Ben Ferrara, Mr. and Mrs. Thomas A. Ferreira, Mr. and Mrs. Ernest Fey, Christine A. Finnell, Debra First Independent Bank of Nevada Flesia, Mr. and Mrs. Thomas L. Flynn, Julia E. Folchi, Mr. and Mrs. Albert L. Foundation 36, Inc. Francis, Mr. and Mrs. James W. Fredricksen, Eric Friends of Midas Friends of Nevada Wilderness Friends of Washoe County Library Fry, Mr. and Mrs. Paul D. Gadbois, Mr. and Mrs. Garry Galentine, Mr. and Mrs. Robert Galli, Mr. and Mrs. Rudy Gash, Mr. and Mrs. Roger Gasoline Alley Geddes, Mr. and Mrs. David Ghiglieri, Lucille Gibbons, Governor Jim
2002
Gilbert, Mr. and Mrs. Richard J. Gilmore, Mr. and Mrs. Walter GivingNet, Inc. Glenn, Mark Gordon, Diane Grand Sierra Resort and Casino Granite Construction Company Greiner, Jill Griffith, Martin R. Grimm, Klause Grows, Mr. and Mrs. Neal E. Guinn, Mr. and Mrs. Kenny C. Hammond, William R. and Pamela Cheek Harmon, Mr. and Mrs. Brent Harrah’s Operating Company, Inc. Hart, Leslie Bryan Hatch, Mr. and Mrs. Robert Hatch Health Benefits Associates Heiman, Alice R. Heinrich, Jon K. High Desert, Inc. High Sierra Industries Hinderks, Dr. and Mrs. Larry
25
Donors
continued
Historic Fourth Ward School Foundation Hobson, Chip Hoffman, Mr. and Mrs. William R. Holabird, Mr. and Mrs. Fred Homegate Realty of Reno Hood, Mr. and Mrs. John E. Hoover, Anne Hopper, Mr. and Mrs. Carl V. Ingbar, Carolyn C. Iron Nation Motorcycle Club Isaac, Ben E. Jacobs, J. F. Jeff Codega Planning & Design, Inc. Jensen Precast Jewish Communal Fund Johnston, Mr. and Mrs. Patrick Jones, Jessica B. Karraker, Col. (Ret) and Mrs. Perry Keenan Hopkins Suder & Stowell Contractors Kellenberger, Mr. and Mrs. Richard L. Kern, Diana Kern, Richard R. King, Mr. and Mrs. Tony Knapp, Mr. and Mrs. Michael J. KNPB - Channel 5 Lahey, Mr. and Mrs. Thomas J. Lake Crest Homes Landa, Mr. and Mrs. Larry M.
26
Leeds, Mr. and Mrs. Jim T.
Meridian Gold Company
Leggett, Kathleen K.
Meyer, Mr. and Mrs. Michael
Leneaux, Grant F.
Microsoft Licensing
Leonard, Gwen, Survivor’s Trust
Microsoft Matching Gifts Program
Let Rich Do It
Miles Properties, Inc.
Levy, Mr. and Mrs. Richard M.
Milhollan, Ann
Lotus Radio Corporation
Miramon, Beth
Lund, Mr. and Mrs. Allan B.
Mitchell, Mr. and Mrs. Mark
Lundahl & Associates
Moonlighting Personnel Management Services
Lurie, Cary Lutheran Church of the Good Shepherd
Morrison, Mr. and Mrs. James T.
Lynch, Patricia A.
Muhonen, Mr. and Mrs. Gary
Lyon, Mr. and Mrs. Stan L.
Myers, Thomas T.
Madau, Cindra
Neusel, Eric J.
Maddalena, Mr. and Mrs. Tony
Nevada Humanities Committee
Marsh, Charlotte
Nevada Land & Resource Co., LLC
Maupin, Cox & LeGoy
Nevada Security Bank
McCleary, Gay
Nevada State Bank
McCool, Andy M.
Nevada Veterinary Medical Assoc.
McCormack, Brendan M.
Newberry, Mr. and Mrs. Kenneth D.
McDonald Carano Wilson LLP
Nicholas, Rose
McIntosh, Mr. and Mrs. Michael
Nichols, Mr. and Mrs. Jim T.
McMahon, Mr. and Mrs. H. Markley
Nolan, John D.
McMullen, Mr. and Mrs. Samuel P.
Noonan, Dr. David and Dr. Elisabeth
McQuirk, John Media Directions, Inc.
Northern Nevada Women Lawyers’ Association
Mendiola, Mr. and Mrs. Vince
Northwood Properties, LLC
Mortara, Pam A.
Nyblom, Mr. and Mrs. Jon A. Oliver, Mallory Oliver-McClure, Emilie Olsen, Warner Opthalmic Help Fund Orange County Community Foundation Orlich, Joy Pacific West Service Company, LLC Panter, Stephen D. PAR Electric Parasol Tahoe Community Foundation PTA, Caughlin Ranch Elementary Parents Association of Sage Ridge School Paul Helms & Associates Counseling Center PDC, LLC Peppermill Hotel Casino Perrott, David W. and Ludvina K. Persing, Mr. and Mrs. Casey S. Peters, Mr. and Mrs. Gordon A. Pfrommer & McCune, LTD Pickett, Mr. and Mrs. Norton Pincolini, Mr. and Mrs. Bruno PineCrest Construction & Development, Co Planeta, Mr. and Mrs. R. C. Prasad, Bhavani D. Putnam, Mr. and Mrs. Jerry Quebecor World Nevada Queenstake Resources USA, Inc. R & R Partners, Inc.
Raggio, Senator William J. Ramelli, Mr. and Mrs. Greg M. Reed, Mr. and Mrs. Bob Reno Business Interiors, Inc. Reno Chamber Orchestra Reno Radio Representatives, LLC Reno Sparks Indian Colony Reno Sparks New Car Dealers Assoc. Reno Tahoe RSVCA Reno Toyota-Scion Republican Women of Reno Richard, Robert J. Richards, Mr. and Mrs. Garth S. Richison, Mr. and Mrs. David L. Robert M. Lee Foundation Robert S. & Dorothy J. Keyser Foundation Robert Z. Hawkins Foundation Robinson, Mr. and Mrs. Steven A. Ronald L. Olson Foundation Rotary Club of Portola Rotary Club of Central Reno Rowe, Michael S. Rowley, Mr. and Mrs. Floyd, Jr. Sage Ridge School Saint Mary’s Regional Medical Center Saltern Investments Satre, Mr. and Mrs. Phil Savant, Dr. Troy D. Scheckla, Julie A. Schouweiler, Bart M. Schumacher, Deborah E.
2005
Scofield, Sherry Seismic Events Serpa, Mary A. Service 1st Seymour, Mr. and Mrs. Kenson L. Shappell, Mr. and Mrs. Scott D. Sharpe, Mr. and Mrs. Darwin A. Shelton, May Sagawa Shipman, Mr. and Mrs. Bruce J. Shreve, Robert M. Sieben, Tonya M. Siegel, Mr. and Mrs. Thomas F. Sierra Nevada Geothermal, Inc. Sierra Nevada Republican Women Sierra Pediatrics Silver Legacy Resort Hotel Silver Oak Development Company, LLP Silver, Mr. and Mrs. Le Roy H. SilverStar Associates, Inc. Simmonds, Richard C. Simon, Mr. and Mrs. Merrill J. Skogerson, Mr. and Mrs. Kent E. Smejkal, Nanette L. Smith, Dr. and Mrs. Ron L.
27
Donors
continued
Smith, Jennifer A. Smith, Mr. and Mrs. Michael Smith, Mr. and Mrs. Wayne B., Sr. Snyder, Mr. and Mrs. John Somersett Development Company, LLC Sommer, Linda Sons of Italy Soroptimist International of Truckee Meadows Spain, Stacey Sparks Chamber of Commerce Stamps, Andrew A. and Patricia Lynch Stocke, Mike A. Stockman, Mr. and Mrs. Donald Stoever, Theodore R. Struffert, Leigha S. Summerhill, George A., Jr. Summit Racing Equipment Sun West Bank Sundance Transport, Inc. Svensrud, Mr. and Mrs. Norman L. Sylvester, Mr. and Mrs. Michael Taser International Taylor, Mr. and Mrs. Clifford B. Taylor, Jerie L. Tenet Healthcare Foundation Terry Lee Wells Foundation, Inc. Thomas, Kate Thomas P. and Thelma B., Hart Foundation
28
Timberline Electric TMX, Inc. Trachok, Richard M., II Transplant Network Trinchero, Lilli TriWest Healthcare Alliance Truckee Meadows Growth Management Task Force Tucevich, Mr. and Mrs. Donald United Way of Northern Nevada & the Sierra University of Nevada, Reno Val-U-Corp Services, Inc. Van Alyne, Mr. and Mrs. Roger Vanguard Charitable Endowment Program Vidler Water Company, Inc. Villarreal, Diana S. Vining, Mr. and Mrs. David Voelz, G. Douglas and Carol Ann Carroll Walker, Mr. and Mrs. Benjamin Walmart Stores, Inc. Walton, Mr. and Mrs. Donald Washoe County Washoe County Education Foundation Washoe High School Adult Fund Webster, Mr. and Mrs. Jim T. Webster, Mr. and Mrs. Ranson Weingand, Alan
2008
Weissman, Mr. and Mrs. Z. Welch, Mr. Thomas H. and Lisa Jackson Wells Fargo Bank Wells Fargo Community Support Campaign Wells Fargo Foundation Education Matching Gift Program West Haven Development Group, LLC Whipp, Roberta Whittaker, Mr. and Mrs. Bert Willoughby, Mr. and Mrs. Calvin E. Wilson, Linda J. Wilson, Richard Winnemucca Ranch Winter, Brad Wirth, Robert R. Wittmuss, Mr. and Mrs. Gary A. Wood Rodgers, Inc. Woods, Mr. and Mrs. Daniel J. Yeater, Mr. and Mrs. Clifford C. Zampirro, Mr. and Mrs. Danny Zaro, Mr. and Mrs. Raymond D. Zonta Club of Greater Reno Zunino, Madeleine Zurek, Mr. and Mrs. Ronald
Funds
of the
Community Foundation
Donor Advised Family Funds
James, Bruce and Nora, Family Fund Kennedy, Brian and Nancy, Foundation
Smith, Ron and Linda, Donor Advised Fund
Armstrong, Robert and Sallie, Charitable Fund
Langson, Gladys and Don, Family Fund
Smith, Michael and Karren, Family Fund
Askin, Chris and Ann, Charitable Fund
Langson, Jack M., Fund
Stoever, Theodore R., Charitable Fund
Becker, Jack and Jane, Charitable Fund
Levy, Terri and Gray, Charitable Fund
Berry Family Charitable Fund
Liberty Foundation Fund
Bertolina, Chuck, Family Fund
Laurenson Family Fund
Lurieland Foundation Fund
Bingham, David and Janet, Charitable Fund
Miarecki Foundation
Blanchard Family Fund
Meyer, Michael and Theresa, Foundation
Boyd, Fred, Charitable Fund Brec Donor Advised Fund Charney 1996 Trust Charitable Fund Clarke, Barbara B., Family Fund
Monen Callahan, Mary Ellen, Charitable Fund Mollath, Linton A., Charitable Fund
Comcowich, Paul and Jill, Family Fund
Muhonen Charitable Fund
Doyle Charitable Fund
Nichols Family Charitable Fund
Fennell Family Fund
Sinai, David, Charitable Fund
Thiessens, Jay and Bonnie, Literacy Foundation Trinchero, Lilli, Charitable Fund Turner, Jeff and Tracy, Charitable Fund Webster, Jim and Karlene, Family Fund Webster, Ranson and Norma, Foundation Zurek Family Charitable Fund
NEWT Christian Fund
Fredricksen Green Foundation
Primm, Roger B., Family Charitable Fund
Freedom Charitable Fund
Rebecca’s Fund
Gabriel’s Fund
Satre Family Fund
Hinderks Family Foundation
Sellyei, Louis F., Foundation
Moana Pool Fund
29
Funds Continued Funds for or by Foundations, Non-Profit Organizations, Associations, or Businesses
Great Basin Exploration Center Fund
Soroptimist IGU-Nepal Scholarship Fund
Great Reno Balloon Race Fund
Soroptimist International of Truckee Meadows Fund
Brewery Arts Center Fund
Moana Pool Fund
Carson City Rotary Foundation Fund
Mustang Heritage Foundation Fund
Catamound Fund Champions of the Truckee River Fund Church of Scientology Fund City of Reno, Charitable Foundation Fund Coldwell Banker Plummer & Associates Charitable Fund Family Court Judicial Benevolent Fund for Children
Kidview, Inc. Foundation Fund KNPB-Channel 5 Public TV Fund Lady Miner’s Basketball Fund McDonald Carano Wilson LLP Charitable Fund
Nevada Discovery Museum Fund
Terry Lee Wells Foundation Trinchero, Lilli, Celebrate Diversity Fund Truckee River Foundation Fund Truckee River Fund United Way of Northern Nevada and the Sierra Donor Advised Fund Zonta Club of Greater Reno Charitable Fund
Nevada Museum of Art Fund Nevada Opera Association Fund Nevada Patriot Fund Northern Nevada Women Lawyers’ Association Charitable Fund Parks and Cultural Arts Foundation Fund Marguerite Wattis Petersen Foundation
Fernley Assistance Fund
Reno Central Rotary Club Foundation Fund
Friends of Washoe County Library Fund
Rotary Club of Sparks Charitable Fund
Girl Scouts of the Sierra Nevada Fund
30
Hillside Cemetery Foundation Fund
Sage Ridge School Fund Sons of Italy Fund
Endowments Designated for or by Organizations Rotary Club of Sparks Endowment CARE Chest Endowment Fourth Ward School Endowment Friends of Washoe County Library – Hubbard Endowment Friends of Nevada Wilderness Endowment
Grant, Evangeline, Memorial Music Endowment Great Basin Outdoor School Endowment Kendall, Robert E., Fourth Ward School Endowment KNPB Endowed Fund Lear Theater Endowment Lutheran Church of the Good Shepherd Endowment Mansfield Endowment for the Benefit of the Nevada Humane Society Melton, Marilyn R., Endowment for the Humanities
Friends of Nevada
Wilderness Endowment
Great Basin Outdoor School Endowment
Mortensen Nevada Historical Trust Fund
United Way of Northern Nevada and the Sierra Endowment
Trinchero, Lilli, Celebrate Diversity Endowment
Nevada EcoNet Endowment
YMCA of the Sierra Endowed Fund
Webster, Jim and Karlene, Family Endowment
Nevada Humane Society Endowed Fund Nevada Humanities Committee Endowed Fund Oser, Margaret E., Endowment Fund for Women Reno Chamber Orchestra Endowment Reno Philharmonic Fund ReStart Endowment Fund ReStart Family Shelter Endowment
Zonta Club of Greater Reno Endowment
Family Endowments Bender, Frank, Charitable Endowment D’Anconia, Ricc, Endowment
Special Recreation Services, Inc. Endowment
James, Bruce R., Foundation Endowment
Trinity Episcopal Church Endowment
Smith, Ron and Linda, Family Endowment
Memorial Funds Mortara, Eugene, Memorial Endowment Finnell, Lexi, Memorial Foundation Oren, Cookie, Memorial Endowed Fund Scofield, Officer Mike, Memorial Endowment Tappan, Ross, Memorial Fund Wilbanks, Emily Jane, Memorial Endowment
31
Field of Interest Funds Be Instrumental Arts Fund Youth Endowment Fund
Community Foundation Funds Community Endowed Fund Community Partnership Granting Program
Giving Circles Youth2Give Circle Youth In Philanthropy High School Giving Circle
Trust Funds Dunbar, Regina L., 2006 Revocable Trust Leonard, Gwenevere F., C.R.U.T.
32
Kendyl Depoali
Joseph and Daniel Scafidi
Becker, Jack and Jane, College Scholarship Fund
Read With Me Scholarship Endowment Fund
Belding, Orville, Memorial Scholarship Endowment
Reno Pops Orchestra Scholarship Endowment
Boyd, William, School of Law Scholarship Fund
Satre, Philip & Jennifer, Harrah’s Employees Scholarship Fund
Depoali, Kendyl Ruth Williams, Memorial Scholarship Fund Hispanic Heritage Day Nursing Scholarship Fund Jones, Clarence “CJ”, Memorial Scholarship Karraker, William, Scholarship Endowment
Joseph Scafidi Pound-for-Pound Award Daniel Scafidi Greater Nevada Male Athlete of the Year Award Snyder, Nicole, Memorial Scholarship Fund Wilbanks, Emily Jane, Memorial Scholarship Fund
Scholarship Funds
Mollath, Linton A., Family Scholarship
Anderson, Dora De, Endowment Scholarship Fund
Nevada Veterinary Medical Association Scholarship Fund
Williams, Claudine, Harrah’s Las Vegas Employees Scholarship Fund
Bartlett, Matt, Memorial Foundation Scholarship Fund
Northern Nevada Women Lawyers’ Association Scholarship Fund
Zonta of Greater Reno Scholarship Fund
Organizations that Received Grants from Funds of the Community Foundation of Western Nevada in 2007 Adington Eye Center*
AYSO Carson City
Central Lyon Youth Connection
Advanced Health*
Best Friends Animal Society
Alhambra High School
Big Brothers Big Sisters of Nevada
Central Minnesota Community Foundation
ALS Association, San Francisco
Bishop Manogue High School
Alzheimer’s Association
Bob Van Landingham Memorial Scholarship
American Heart Association American Liver Foundation American Lung Association of Nevada American Red Cross, Northern Nevada Chapter American Red Cross, Sacramento Sierra Chapter
Boys and Girls Club of Truckee Meadows
Church of Scientology Mission of Santa Monica
Boys and Girls Club of Western Nevada
Care Chest of Sierra Nevada
Anti Defamation League
Carmelite Monastery of Reno
Associated Gynecology* Athletic Association, University of Nevada
Church of Scientology Sierra Nevada Mission
Bridge Center
Animal Ark
Associated Anesthesiologists of Reno*
Church at Seven Hills Church of Jesus Christ of Latter-Day Saints
Camp Care Nevada
Artown
Children’s Cabinet, Inc.
Boy Scouts of America Nevada Area Council
Angel Kiss Foundation, Inc.
Arnaldo F. Trabucco, M.D.*
Champions of the Truckee River
Carson High School CASA (Court Appointed Special Advocate Program) Castilleja School Foundation Catamount Fund Catholic Community Services
Best Friends Animal Society
33
Organizations
Received Grants
Church of Scientology, Flag Service Organization
Family Support Council of Douglas County
Churchill County Juvenile Probation**
Field Museum
Circle’s Edge Religious Science Church City of Reno
Food Bank of Northern Nevada Food for Thought
cont.
Holland Project Reno Horses for the Spirit House of Blue Hope Hug High School Independent Institute, Inc. Integrative Therapeutic Massage*
Coach Art
Friends of the Clark County Public Library
Coeur d’Alene High School PTA
Friends of Washoe County Library
Committee to Aid Abused Women
Gastroenterology Consultants*
Junior Achievement of Northern Nevada
Community Cabinet
Gathering Genius, Inc.
Keaton Raphael Memorial Fund
Community Services Agency and Development Corp.
Girl Scouts of the Sierra Nevada
Keep Memory Alive Foundation for Lou Ruvo Alz
Congregation Beth Israel
Great Basin Institute
Congregation Temple Emanu-El
Great Basin Outdoor School
Crisis Call Center
Great Reno Balloon Race
David Cox Elementary School
Greg Pisani, D.D.S.*
Desert Classic Charities
Guide Dogs for the Blind
Dirne Community Health Clinic
H.E.L.P. Animals, Inc.
Disability Resources Dolce Salon and Day Spa*
Habitat for Humanity Orange County Chapter
Dr. David B. Chaffin*
Hamlin School
Dr. Rick Winkleman*
Hayden Meadows Elementary School PTA
Eagle Valley Middle School Echo Loder Elementary School Family Eye Care Associates*
34
that
Grace Cathedral
Joseph McMullen, D.D.S.*
Keep Truckee Meadows Beautiful Kevin Kleine, M.D.* KNPB - Channel 5
Heifer Project International Historic Fourth Ward School Foundation
Habitat for Humanity
KUNR FM 88.7 La Jolla Community Church LabCorp* League to Save Lake Tahoe Let ‘Em Run Foundation Leukemia & Lymphoma Society Libby Booth Elementary School Lifeblood Loyalton High School Booster Club Lucille Packard Children’s Fund
Horses for
Lutheran Church of the Good Shepherd Make a Wish Foundation
the Spirit
Marine Corps Base
National Breast Cancer Coalition Fund
Nevada Network Against Domestic Violence
Masonic Charities of Nevada, Inc.
National D-Day Museum
McQueen High School
National Multiple Sclerosis Society
Nevada Orthopaedics and Rehabilitation*
Medschool Associates - North*
Neurodevelopmental Neurodiagnostics*
Mental Health Medical Associates* Miss Reno-Sparks and Miss University of Nevada
Nevada Cancer Institute Nevada Diabetes Association
Mont Pelerin Society
Nevada Discovery Museum
Monterey Bay Aquarium
Nevada Hispanic Services
Motor Racing Outreach
Nevada Hispanic Services, Inc. – Carson City
Mountain View Dental* Northern Nevada Women Lawyers’ Association
Nevada Historical Society
Nancy Podewills, MSW, LCSW*
Nevada Humanities Committee
Napa Valley Wine Auction
Nevada Land Conservancy
National Automobile Museum
Nevada Museum of Art
Nevada Humane Society, Inc.
Nevada Partnership for Homeless Youth Nevada Patriot Fund Nevada Policy Research Institute Nevada Rock Art Foundation Nevada Women’s Fund Newport Harbor Educational Foundation Newport Heights Elementary School Foundation Noah’s Wish - Animal Rescue Northern Nevada Foundation Northern Nevada H.O.P.E.S. Pharmacy*
35
Organizations Northern Nevada RAVE Family Foundation - NNRF OB-GYN Associates*
Received Grants
Sierra Chiropractic*
Reno Philharmonic Association
Sierra Nevada Community Sailing
Reno Radiological Associates Chtd*
Sierra Nevada Nephrology Consultants*
Reno Rotary Foundation
Orthodox Christian Mission Center
Reno Sparks Gospel Mission
Pioneer Center for the Performing Arts
Renown Health*
Pleasant Valley Elementary School Plumas Volleyball Club Pond Elementary School Pyramid Lake Paiute Tribe Quest Counseling and Consulting, Inc. Rainshadow Community Charter High School Reno American Little League Reno Catholic Club – Young Life Camp **
cont.
Reno Orthopaedic Clinic, Inc.*
Olsen & Associates
Planned Parenthood Mar Monte
36
that
Renown Health Foundation ReStart, Inc. Ridge House Rochester Institute of Technology Rock Church
Sierra Pulmonary and Sleep Consultants* Sierra Youth Football League Skin Cancer & Dermatology Institute* Soroptimist International of Truckee Meadows South Meadows Endoscopy Center*
Ronald McDonald House Charities, Northern Nevada
South Reno United Methodist Church
Rotary Club of Wichita Kansas
Southern Utah University
Sage Ridge School Saint Mary’s Eye Institute* Saint Mary’s Foundation Salvation Army
Reno Chamber Orchestra
Santa Clara University
Reno Eye Clinic*
Sears Optical**
Reno Firefighters Community Assistance
Seeliger Elementary School
Reno Foot Doctor*
Sierra Anesthesia, Inc.*
Reno Heart Physicians*
Sierra Arts Foundation
Reno Open Air M.R.I.*
Sierra Bible Church
Sempervirens Fund
Artown
St. Andrew’s Presbyterian Church St. Jude Children’s Research Hospital St. Vincents Dining Room Step 2 Susan G. Komen Race for the Cure Northern Nevada Tahoe Douglas Youth and Family Services Tahoe Regional Planning Agency Target**
University of Nevada, Reno College of Engineering University of Nevada, Reno Foundation University of Southern California Urology Institute* Veteran’s Guest House, Inc. Veterans of Foreign Wars Veterans of Foreign Wars of the U.S. Post 381 Victoria Wallington, L.M.T.* VSA Arts of Nevada
Temple Emanu-El
W.A.I.F. - Wild Animal Infirmary of Nevada
That Man May See, Inc.
Walmart**
Think Together
Washoe County Children’s Mental Health Consortium
Thunderbird Lodge Preservation Society TMCC Re-Entry Center Transplant Network Trinity Episcopal Church Truckee Donner Land Trust
Washoe County Dept. of Juvenile Services** Washoe County Dept. of Water Resources Washoe County Education Foundation
Truckee Meadows Habitat for Humanity
Washoe County Library Systems
Truckee River Foundation U.C. Davis
Washoe County School District Police Department
United Negro College Fund
Washoe Legal Services
United Way of Northern Nevada & the Sierra
Wesley W. Hall, Jr., M.D.*
University of Nevada, Reno Athletics Dept.
Western Nevada Community College
Washoe County School District
Western Folklife Center
Reno Chamber Orchestra
Photo: Theresa Dana-Douglas
Sparks High School
Western Pathology Consultants* White Pine County Library Wild Island Family Adventure Park** Wooster High School Football Program Youth ArtWorks *
Medical professionals paid by the Access to Health Care Fund for health services performed for lowincome clients.
** Goods and services such as retail gift cards for clothes and school supplies, a graduation swim party and camp registrations were purchased by the Family Court Judicial Benevolent Fund for Children *** Grants were given to families of fallen Nevada soldiers by the Nevada Patriot Fund. Families’ privacy is respected and names are not published.
37
Community Partnership Grant Program Our Business is Building Community The Community Foundation works to strengthen all of our region’s nonprofit organizations. By focusing on capacity building grants all public service agencies, whether they are working to protect our open space, shelter and feed the homeless, educate our children or expose our citizens to artistic and cultural opportunities, can benefit from this grant program. The capacity building grants are divided into three categories: 1. Endowment Building and Planning
I
2007 CPG grant winners
naugurated in June 2007 The Community
Partnership Grant program granted nearly $240,000 to 25 nonprofit organizations from northern Nevada for capacity building grants.
The Community Partnership Grant program is funded by contributions from Community Foundation fund-holders who agreed to direct a portion of their funds’ earnings to the program. In addition, a significant donation was made by the Ronald L. Olson Foundation and gifts were added through direct grants from several fund holders.
38
2. Technological Improvements 3. Professional Development for Key Management Positions Organizations were invited to apply for a grant in the one category that will most help them serve the public good. Our partners have placed their trust in the Community Foundation to strengthen the nonprofit community in a manner that is not possible by an individual gift or fund. We honor that trust. The 2008 grants will be announced at the Annual Meeting.
2007 Grants Organization
Grant Use
Alzheimer’s Association for Northern California Technology – new computer, LCD projector and screens and Northern Nevada..............................................................to present education and peer support programs Artown..........................................................................................Professional development Big Brothers Big Sisters of Northern Nevada..............................Professional development Boys and Girls Club of Truckee Meadows...................................Technology – 15 new computers Boys and Girls Club of Western Nevada.....................................Endowment building plan and training Care Chest of Sierra Nevada.......................................................Technology, new computers, software and office machines Children’s Cabinet........................................................................Technology – new case management system Community Chest.........................................................................Endowment building campaign Crisis Call Center...........................................................................Technology – new computers and printers Family Support Council of Douglas County................................Technology – new filing system Food Bank of Northern Nevada..................................................Endowment building training Nevada Diabetes Association for Children and Adults Technology...................................................................Customized software Nevada Hispanic Services of Carson City.....................................Technology – bilingual computer lab Nevada Land Conservancy...........................................................Endowment building – a strategic planning program Nevada Museum of Art................................................................Technology – Donor research services Nevada Network Against Domestic Violence.............................Professional development to develop next generation of leaders in the Domestic Violence movement Nevada Rock Art...........................................................................Technology – new computer and software Northern Nevada RAVE Family Foundation...............................Technology – new computer and software ReStart..........................................................................................Technology – new computer software Ridge House..................................................................................Technology – new billing and scheduling software Sierra Arts Foundation.................................................................Technology – to create a master art calendar and website Special Recreation Services..........................................................Professional development, Tuition for the UNR Nonprofit Management Institute, American Sign Language classes, and certification for therapeutic camp directors Tahoe Douglas Youth and Family Services..................................Technology – new computers and equipment Washoe Legal Services.................................................................Technology – office machines and computers White Pine County Library...........................................................Technology – 2 new computers and workstation software for youth at the Library
39
53 new Students Will be Attending Schools Across the Nation and Here at Home with Help from Community Foundation Scholarship Funds
on rship Carls Sara morial Schola e tt M
artle Matt B
Brandon Carr
Claudine Williams Harrah’s Las Vegas Employee Scholarship
Allie Hughes
The Nicole Snyder Memorial Girl’s Sports Scholarship
40
Matthew Cates
Phil and Jennifer Satre Harrah’s Employee Scholarship
Trea LaCroix
Claudine Williams Harrah’s Las Vegas Employee Scholarship
Milagro Exposito
Claudine Williams Harrah’s Las Vegas Employee Scholarship
Christina McCarty Claudine Williams Harrah’s Las Vegas Employee Scholarship
Diana Ha
Claudine Williams Harrah’s Las Vegas Employee Scholarship
Michael Merkh
Phil and Jennifer Satre Harrah’s Employee Scholarship
Jenny Ha
Claudine Williams Harrah’s Las Vegas Employee Scholarship
April Perkins Zonta Club of Greater Reno Memorial Scholarship
Shaili Jha
Phil and Jennifer Satre Harrah’s Employee Scholarship
Troy Shields
The Nicole Snyder Memorial Boy’s Sports Scholarship
The Matt Bartlett Memorial Scholarship
Jack and Jane Becker Memorial College Scholarship Fund Created by Kim Becker in honor of her parents. Scholarships are awarded to support:
Matt Bartlett
Established to honor the memory of Matt Bartlett by providing a college scholarship to a graduate of Reno High School who exhibits a zest for art, music, and the outdoors.
Graduates from Nevada High Schools attending University of Nevada School of Medicine
n
Native American Nevadans Attending the University of Nevada School of Medicine
2008 Recipients: Jennifer Horsley Kevin Gamett
2008 Recipient: Sara Carlson
“
n
We don’t accomplish anything
in this world alone... whatever happens is the result of the full tapestry of life and the
weavings of individual threads from one to another that
”
creates something.
— Sandra Day O’Connor
Lawrence “CJ” Jones Memorial Scholarship for the Regional Technical Institute Established to support graduates from the Regional Technical Institute in their endeavors to obtain a technical certificate or degree from Truckee Meadows Community College.
2008 Recipients: Jasmine Dulgar Teresa Reyna
Hispanic Heritage Day Nursing Scholarship Fund Established to encourage young women of Hispanic heritage to enroll in Truckee Meadows Community College or University of Nevada, Reno as Nursing majors.
2008 Recipients: Melyssa Gelles attending University of Nevada, Reno Tracey Rodriguez attending University of Nevada, Reno Cristina Bedolla attending Truckee Meadows Community College
William Karraker Memorial Scholarship To provide an educational award to the recipient of the William Karraker Youth Award, as presented annually by the Stockton Civic Theater.
2007 Recipient: Meredith Pratt
41
Linton Mollath Family College and Vocational School Scholarships Established by the Mollath family to provide support for graduates of Quincy High School to attend the university or vocational school of their choice.
2008 Recipients: Cody T. Froggatt from Quincy High School to University of Nevada Reno
Nevada Veterinary Medical Association Scholarship Fund A scholarship fund to support outstanding students in their 3rd and 4th year at Veterinary schools throughout the United States.
2008 Recipients: Amanda Ciliax to Washington State University Schyler Hiibel to Colorado State University
42
Read With Me Scholarship Fund This scholarship encourages parents to read with their children and pays full tuition for one year of approved preschools for children with financial need and an aptitude for reading.
Phil and Jennifer Satre Harrah’s Employee Scholarship A scholarship fund designated to support the education goals of the children of Harrah’s Entertainment Inc. employees throughout the United States, especially children of tip and wage earners, who are college bound high school seniors. This is a continuing 4 year scholarship to qualified students.
2008 Recipients: Matthew J. Cates from Excelsior Springs, MO to Kansas University. Cho Y Chong from Sparks, NV to University of Nevada, Reno Ria Daniels from Las Vegas, NV to UCLA
Niki L. Howard from Tinley Park, IL to Illinois State Shaili C. Jha from Galloway, NJ to Rutgers University Kevin G. McClain from Northfield, NJ to Boston College Michael C. Merkh from Egg Harbor Township, NJ to William Patterson University Rishabh D. Parikh from Galloway, NJ to Amherst College Brian R. Petty from Omaha, NE to University of Nebraska Robert C. Sibley from Shreveport, LA to Texas A & M
Greater Nevada Male Athlete of the Year Award The recipient of the Daniel Scafidi Greater Nevada Male Athlete of the Year Award is selected based on his strength of character and commitment to his team(s). The committee that selects the recipients is interested most in rewarding nominees who are committed to the success of their teammates rather than their personal success.
2008 Recipient: Kelton Hall from Reno to University of Nevada, Reno
The Joseph Scafidi, Pound-for-Pound Award
The Nicole Snyder Memorial Girl’s Sports Scholarship
The recipient of the Joseph Scafidi Pound-for-Pound Award is selected based on strength of character and commitment to the team. This award is open to both male and female athletes. The committee that selects the recipients is interested most in rewarding nominees who are committed to the success of their teammates rather than their personal success.
Open to Douglas High School graduates in the 2007-2008 academic year who were active in a varsity sport and who are pursuing university, college, community college, trade school, technical or vocational training, or other post-secondary education programs.
2008 Recipient:
Allie Hughes from Douglas High School to University of Nevada, Reno
Sara Rooker from Reno to Sierra College, Rocklin CA
The Nicole Snyder Memorial Boy’s Sports Scholarship
2008 Recipient:
The Nicole Snyder Memorial Softball Scholarship
Nicole Snyder
Claudine Williams Harrah’s Las Vegas Employee Scholarship A scholarship fund designated to support the education goals of the children of Harrah’s Las Vegas employees, especially children of tip and wage earners, who are college bound high school seniors or are already attending college. This is a continuing 4 year scholarship to qualified students.
Open to Douglas High School graduates in the 2007-2008 academic year who excelled in a varsity sport and are pursuing university, college, community college, trade school, technical or vocational training, or other postsecondary education programs.
Open to Douglas High School graduates who participated in varsity softball in the 2007-2008 academic year and who are pursuing university, college, community college, trade school, technical or vocational training, or other post-secondary education programs.
2008 Recipient:
2008 Recipient:
Charmaine Bradley from Las Vegas to College of Southern Nevada
Troy Shields from Douglas High School to University of Nevada, Reno
Lauren Hoppe from Douglas High School to College of Idaho
Jose Caceros from Las Vegas to University of Nevada, Las Vegas
2008 Recipients:
43
Claudine Williams Harrah’s Las Vegas Employee Scholarship cont. 2008 Recipients
Brett Sebastian from Las Vegas to University of Nevada, Las Vegas Gordon Tam from Las Vegas to University of Nevada, Las Vegas
cont.
Brandon Carr from North Las Vegas to University of Nevada, Las Vegas Milagro Exposito from Las Vegas to University of Nevada, Las Vegas Feven Girmay from Las Vegas to UCLA Jenny Ha from Las Vegas to College of Southern Nevada
Emily Jane Wilbanks Memorial Scholarship Established to support girls’ leadership with athletic and college scholarships for senior class girls from Loyalton and Portola High School.
Diana Ha from Las Vegas to University of Nevada, Las Vegas
2008 Recipients:
Mauricio Hurtado from Las Vegas to Colegio La Salle
Josephina Campbell to College of the Redwoods
Trea LaCroix from Las Vegas to University of Nevada, Reno
Tyanna Housel to CSU Monterey Bay
Timothy Lee from Las Vegas to University of Nevada, Las Vegas Gina Lee from Henderson to Cal State University of Sacramento Frances Marshall from Las Vegas to Whittier College Christina McCarty from Mobile AL to University of South Alabama Kristina Noel from North Las Vegas to Grambling State University
44
Ines Rosas from North Las Vegas to University of California, Berkeley
Portola High School:
Loyalton High School: Kaitlin Smith to University of Chicago
Zonta Young Women in Public Affairs Award This is a scholarship for young women ages 16 to 20 who have devoted time and energy to Public Service and plan to make a career in public affairs.
2008 Recipient: Vanessa Anderson from Sparks to Gonzaga University
Zonta Club of Greater Reno Memorial Scholarship To support educational goals of women re-entering higher education and the work force through the TMCC Re-Entry Program.
2008 Recipients: Jenny Malone, enrolled in Truckee Meadows Community College Dental Hygiene Program April Perkins, to pursue a degree in radiology at Truckee Meadows Community
Independent Auditor’s Report Board of Directors Community Foundation of Western Nevada, Incorporated and Subsidiaries We have audited the accompanying consolidated statements of financial position of Community Foundation of Western Nevada, Incorporated (a nonprofit organization) and Subsidiaries, as of December 31, 2007 and December 31, 2006, and the related consolidated statements of activities and cash flows for the years then ended. These statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Community Foundation of Western Nevada, Incorporated and Subsidiaries, as of December 31, 2007 and December 31, 2006, and the results of their activities and their cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Reno, Nevada June 4, 2008
45
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Financial Position December 31, 2007 and 2006 2007 Assets Cash and cash equivalents Investments Other assets Contributions receivable Pledges receivable Property and equipment, net Total Assets
$
Liabilities Accounts payable Pledges payable Funds held for others Accrued liabilities Total Liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted Total Net Assets Total Liabilities and Net Assets
46
$
5,090,061 40,840,124 3,181 1,000,000 1,093,970 2,228,631 50,255,967
2006 $
2,520,441 28,084,898 545 5,411,629 11,325 2,235,638 38,264,476
19,359 4,533,471 5,197,847 9,750,677
21,747 2,964,123 3,019,093 1,311 6,006,274
30,214,830 8,194,826 2,095,634 40,505,290 50,255,967
21,746,176 9,422,351 1,089,675 32,258,202 38,264,476
$
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES Consolidated Statement of Activities For the Year Ended December 31, 2007
Unrestricted Public support and revenues Contributions Rental income Investment income, net Change in the value of split-interest trusts Miscellaneous income Total public support and revenue Net assets released from restrictions Total public support, revenue, and transfers Expenses Program services and grants Rental expenses General and administrative Fund raising
$
8,890,256 152,494 2,074,098 52,465 11,169,313 5,846,511
Permanently Restricted
4,070,333 529,366 19,287 4,618,986 (5,846,511)
$
(1,227,525)
1,005,271 2,057 (1,369)
INCREASE (DECREASE) IN NET ASSETS
8,468,654 21,746,176 $ 30,214,830
Total
1,005,959 -
$ 13,965,860 152,494 2,605,521 17,918 52,465 16,794,258 -
1,005,959
16,794,258
8,155,851 70,259 298,206 22,854 8,547,170
Net assets at end of year
$
17,015,824
Total expenses Net assets at beginning of year
Temporarily Restricted
8,155,851 70,259 298,206 22,854 -
$
-
8,547,170
(1,227,525)
1,005,959
8,247,088
9,422,351
1,089,675
32,258,202
2,095,634
$ 40,505,290
8,194,826
$
47
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES Consolidated Statement of Activities For the Year Ended December 31, 2006
Public support and revenues Contributions Rental income Investment income, net Change in the value of split-interest trusts Miscellaneous income Total public support and revenue Net assets released from restrictions Total public support, revenue, and transfers Expenses Program services and grants Rental expenses General and administrative Fund raising
Permanently Restricted
$ 6,654,601 271,908 2,251,030 37,598 9,215,137 2,125,221
$ 6,833,134 588,536 (3,774) 1,599 7,419,495 (2,155,769)
$
11,340,358
5,263,726
372,930 5,224 (2,158) 375,996 30,548 406,544
8,065,379 104,123 225,632 20,029
Total $ 13,860,665 271,908 2,844,790 (5,932) 39,197 17,010,628 17,010,628 8,065,379 104,123 225,632 20,029
Total expenses
8,415,163
-
-
8,415,163
INCREASE IN NET ASSETS
2,925,195
5,263,726
406,544
8,595,465
Net assets at beginning of year
18,820,981
4,158,625
683,131
23,662,737
$ 21,746,176
$ 9,422,351
$ 1,089,675
$ 32,258,202
Net assets at end of year
48
Unrestricted
Temporarily Restricted
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES Consolidated Statement of Cash Flows For the Year Ended December 31, 2007 and 2006 2007 Cash flows from operating activities: Cash received from contributions and rent Cash paid for gifts and grants Cash received from investments Cash received for fund administration Cash paid for expenses Net cash provided by operating activities
$
Cash flows from investing activities: Payments for purchase of property and equipment Payments for purchase of investments Cash received from sale of investments Net cash (used in) investing activities
2006
8,831,376 (7,377,124) 1,980,811 52,465 (394,502) 3,093,026
$
(67,296) (16,474,308) 16,018,198 (523,406)
Cash flows from financing activities: Payments made on note payable
3,285,178 (8,328,394) 5,990,600 39,197 (306,992) 679,589
(6,562) (16,394,932) 13,637,956 (2,763,538)
-
(380,184)
Net (Decrease) Increase in Cash and Cash Equivalents
2,569,620
(2,464,133)
Cash and cash equivalents at beginning of year
2,520,441
4,984,574
Cash and cash equivalents at end of year
$
5,090,061
$
2,520,441
49
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Cash Flows For the Year Ended December 31, 2007 and 2006 2007
50
2006
Reconciliation of increase in Net Assets to net cash provided by operating activities: Increase in net assets Adjustments to reconcile increase in net assets net cash provided by operating activities: Depreciation Noncash contributions Net realized and unrealized loss (gain) on investments Change in: Other Assets Pledges receivable Funds held for others Accounts payable, grants payable, and accrued liabilities Net Cash Provided by Operating Activities
$
1,565,649 3,093,026
$
124,318 679,589
Supplemental disclosures: Noncash investing activities: Collection of pledge receivables by invesments Office equipment Cash paid for interest
$ $ $
2,317,659 394 1,418
$ $ $
2,905 13,097
$
8,247,088
$
8,595,465
74,697 (9,053,741) (928,110)
72,975 (6,095,532) 2,844,790
(2,636) 1,011,325 2,178,754
(5,406,229) 543,802
Notes to Financial Statements December 31, 2007 and 2006 NOTE A – NATURE OF ACTIVITIES AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of the Foundation’s activities and significant accounting policies consistently applied in the preparation of the accompanying financial statements follows. 1
Nature of Activities Community Foundation of Western Nevada, Incorporated and Subsidiaries, is organized as a nonprofit corporation under the laws of the State of Nevada to compliment and enhance the existing philanthrophic efforts of nonprofit organizations located in, or with a connection to, Western Nevada.
During 2000, the Foundation received a contribution of a limited liability company, CFX LLC. This wholly-owned subsidiary has partial ownership of three separate leaseholds. The leaseholds are buildings leased out to grocery stores in Colorado, Oklahoma, and Tennessee. In 2006, the debt on the buildings was paid off.
During 2003, the Foundation established Community Foundation California Property, LLC (CFCP, LLC). This wholly-owned subsidiary was created for the purpose of receiving donated property.
2
Principles of Consolidation The consolidated financial statements include the accounts of the Foundation and its whollyowned subsidiaries, CFX, LLC and CFCP, LLC. All material intercompany accounts and transactions have been eliminated.
3
Classification of Net Assets Statement of Financial Accounting Standards (SFAS) No. 117, Financial Statements of Not-for-Profit Organizations, requires the Foundation to report information regarding its financial position and activities in three classes of net assets: unrestricted, temporarily restricted, and permanently restricted, based upon the existence or absence of donor-imposed restrictions.
The Articles of Incorporation of the Foundation include a variance provision giving the Board of Trustees (the Board) the power to modify any restriction or condition placed on gifts to the Foundation if, in its sole judgment, the Board determined that the restriction becomes, in effect, incapable of fulfillment or inconsistent with the charitable needs of the community. The Foundation’s governing documents further provide that, absent contrary directions given in the transferring instrument regarding the use of the principal, all or part of the principal of any fund may be used subject to certain conditions, including approval of the Board and trustee holding each fund. Accordingly, such contributions are reported as unrestricted net assets.
Net assets subject to donor-imposed restrictions that will be met either by actions of the Foundation or the passage of time are designated as temporarily restricted. The Foundation’s temporarily restricted net assets are primarily composed of contributions received for scholarships and specific areas of interest.
Permanently restricted net assets are subject to donor-imposed restrictions that will be maintained in perpetuity. The investment income generated by these assets is available for general support of the Foundation’s programs and operations.
4
Cash Equivalents For financial reporting purposes, the Foundation considers all money market and highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
5
Investments Investments in debt securities and equity securities with readily determinable market values are recorded at fair value. The fair value of investments in securities traded on national securities exchanges is valued at the closing price on the last day of the fiscal year; securities traded on the over-the-counter market are valued at the last reported bid price. Real estate investments are recorded at fair value determined by periodic appraisals which are obtained as deemed necessary based upon economic conditions and management discretion. The fair value of other investments in hedge funds for which quoted market prices are not available, are determined by management with the assistance of third-party investment managers in good faith using methods it considers appropriate. Securities are generally held in custodial investment accounts administered by certain financial institutions.
Investment purchases and sales are accounted for on a trade-date basis. Realized gains and losses are calculated on the underlying fair value of individual lots. Interest income is recorded when earned and dividends are recorded on the ex-dividend date.
Investments are made according to the Investment Objectives and Policies adopted by the Foundation’s Board. These guidelines provide for investment in equities, fixed income, and other securities with performance measured against appropriate indices. The Board contracts outside parties to provide investment management and consulting.
In general, investment securities are exposed to various risks such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain long-term investments, it is reasonably possible that changes in the values of these investments will occur in the near term and that such changes could materially affect the amounts reported in the consolidated statements of financial position.
6
Property and Equipment Purchased property and equipment are recorded at cost. Contributed property and equipment are recorded at fair value at the date of donation. Depreciation is provided using the straight-line method over the estimated useful lives of the assets of three to thirty-nine years.
The Foundation evaluates the recoverability of its long-lived assets in accordance with the provisions of Statement of Financial Accounting Standards (SFAS) 144, Accounting for the Impairment or Disposal of Long-Lived Assets. SFAS 144 requires recognition of impairment of long lived assets in the event that the net book value of such assets exceeds the future undiscounted cash flows attributable to such assets. Accordingly, the Foundation evaluates asset recoverability at each balance sheet date or when an event occurs that may impair recoverability of the asset.
7
Functional Expenses The costs of providing the various programs and other activities of the Foundation have been summarized on a functional basis in the Statement of Activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited.
8
Income Taxes The Foundation is a nonprofit corporation exempt from federal income taxes under the provisions of Internal Revenue Code Section 501(c)(3); therefore, no provision for income tax is provided. The Foundation has been classified as an organization that is not a private foundation and has been designated as a publicly-supported organization.
9
Contributions Contributions are recognized when the donor makes a promise to give to the Foundation that is, in substance, unconditional. Contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted support, depending on the existence and/or nature of any donor restrictions.
Contributed property and equipment are recorded at fair value at the date of donation. If donors stipulate how long the assets must be used, the contributions are recorded as restricted support. In the absence of such stipulations, contributions of property and equipment are recorded as unrestricted support.
Contributed securities are recorded at fair value at the date of donation.
10 Cash and Money Market Balances The Foundation maintains cash and money market balances in financial institutions which may, at times, exceed federally insured limits. The Foundation has not experienced any losses in these accounts and does not believe it is exposed to any significant credit risk on cash funds. 11 Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 12 Grants Grants are made from available principal and income in accordance with the designations of donors. Grants are recorded at the date of approval by the Board or when a donor-advised grant award is communicated to the grantee. NOTE B – INVESTMENTS Investments consist of the following at December 31: Mutual fund Equity securities Corporate bonds Governmental agencies Certificates of deposit Life insurance policy Violin Mineral rights
2007 $ 23,424,625 13,346,734 1,768,598 2,254,558 - 37,608 8,000 1 $ 40,840,124
2006 $ 18,766,042 7,237,898 1,628,475 277,001 129,873 37,608 8,000 1 $ 28,084,898
51
NOTE B – INVESTMENTS (CONTINUED) Investment income consists of the following for the years ended December 31: Interest and dividends Net realized and unrealized gains
2007 $ 1,677,411 928,110 $ 2,605,521
2006 $ 1,249,725 1,595,065 $ 2,844,790
NOTE C – PROPERTY AND EQUIPMENT Property and equipment consist of the following at December 31: Software Office equipment Rental property (see Note I) Less: accumulated depreciation
2007 30,619 36,535 2,706,796 (545,319) $ 2,228,631 $
2006 16,119 36,141 2,654,000 (470,622) $ 2,235,638 $
NOTE D – TRANSACTIONS IN FUNDS HELD FOR AGENCIES Financial activities related to agency funds are recorded as adjustments to the funds held for agencies’ liabilities and, therefore, is not included in the consolidated statements of activities. The agency fund transactions are summarized below. Additions Contributions Investment returns Transfers in/(out), net Total Additions Deductions Grant distributions Investment expenses Change in balance Funds held for agencies, beginning of year Funds held for agencies, end of year
2007 $ 2,755,438 285,482 - 3,040,920 790,621 71,545 2,178,754 3,019,093 $ 5,197,847
2006 $
654,366 306,952 (6) 961,312
378,985 38,525 543,802 2,475,291 $ 3,019,093
NOTE E – RESTRICTED NET ASSETS Temporarily restricted net assets are to be held available for the following purposes as of December 31: 2007 2006 Charitable and educational purposes $ 281,594 $ 284,189 Named – Organization Fund 3,396,289 5,131,072 Special purpose 57,932 52,946 Scholarship 2,596,414 2,420,356 Income on endowment funds 97,647 52,550 Areas of interest 1,764,950 1,481,238 $ 8,194,826 $ 9,422,351 Permanently restricted net assets are to be held for the following purposes as of December 31: 2007 2006 Foundation operations – future years $ 10,000 $ 10,000 Advised funds 235,776 214,206 Named – Organization Fund 743,482 500,444 Areas of interest 1,106,376 365,025 $ 2,095,634 $ 1,089,675 NOTE F – RELATED PARTIES Contributions received from members of the Board for the years ended December 31, 2007 and 2006, were approximately 43% and 12%, respectively. NOTE G – PLEDGES RECEIVABLE Pledges receivable represent promises to give by various organizations and individuals. Following are amounts scheduled for collection: Due in one year Due in two to five years
2007 $ 1,093,970 - $ 1,093,970
2006 5,475 5,850 $ 11,325 $
No allowance for uncollectible receivables is deemed necessary on the above pledges at December 31, 2007 and 2006.
52
NOTE H – PLEDGES PAYABLE Pledges payable represent promises to give. For 2006, grants payable of $26,620 and pledges payable of $2,937,503 have been combined and shown as pledges payable. Following are amounts scheduled to be paid: 2007 2006 Due in one year $ 1,797,927 $ 891,078 Due in two to five years 2,735,544 2,073,045 $ 4,533,471 $ 2,964,123 NOTE I – RENTAL PROPERTY During 2000, the Foundation received a contribution of a limited liability company, CFX LLC. This contributed limited liability company has partial ownership of three separate leaseholds. The leaseholds consist of debt- financed buildings located on land leased from a third party. The buildings are then subleased to grocery stores. During 2006, the Foundation reported an additional $84,085 in contributions to CFX LLC. The respective ownership interest in each of the properties has been consolidated into the books of the Foundation and has been included in property and equipment in the Consolidated Statement of Financial Position (see Note B). In 2006, the long-term debt related to the Foundation’s ownership interest in the property was paid in full. The note was dated January 31, 1994, payable in monthly installments of $21,717, included interest at 7.625%, and matured on December 31, 2006 with a balloon payment of $263,364. The rental buildings are located on land under ground leases expiring on December 1, 2021. The leases provide for renewal of five consecutively extended terms of five years each. The minimum rental commitments under the ground leases are:
Years ending December 31,
2008 2009 2010 2011 2012 Thereafter
$
$
29,406 29,406 29,406 29,406 29,406 264,654 411,684
For the year ended December 31, 2007, rent expense paid under ground leases was $0, as the lessees paid all ground rent. Rent expense paid under ground leases was $22,975 for the year ended December 31, 2006. The rental income on the properties is received under three subleases in two separate entities. The leases expire at various dates between 2008 and 2011, in conjunction with the maturity of the note payable. On January 19, 2006, a lessee exercised one of the five-year options at $8,144 per month beginning January 1, 2007. Future minimum sublease income is:
Years ending December 31,
2008 2009 2010 2011
$
$
167,327 167,327 167,327 167,327 669,308
Rental income under subleases for each of the years ended December 2007 and 2006 was $152,494 and $271,908, respectively. NOTE J – SPLIT-INTEREST AGREEMENTS The Foundation’s split-interest agreements with donors consist primarily of charitable gift annuities and irrevocable charitable remainder unitrusts for which the Foundation serves as trustee. Assets are invested and payments are made to donors and/or other beneficiaries in accordance with the respective agreements. Contribution revenue for charitable gift annuities and charitable remainder trusts is recognized at the date the agreement is established, net of the liability recorded for the present value of the estimated future payments to be made to the respective donors and/or other beneficiaries. The present value of payments to beneficiaries of charitable gift annuities and charitable remainder unitrusts are calculated using discounted rates which represent the risk-free rates in existence at the date of the gift. Gains or losses resulting from changes in actuarial assumptions and accretions of the discount rate are recorded as increases or decreases in the respective net assets class in the Statement of Activities.
Legal Counsel Avansino, Melarkey, Knobel & Mulligan McDonald Carano Wilson LLP
Auditor Pangborn & Co., LTD
Banking, Brokerage and Investment Edward Jones, Inc. 4795 Caughlin Parkway, Suite 210, Reno, NV 89509 Contact: John E. Boyd 775-329-4646 Edward Jones, Inc. 5275 Vista Boulevard, Suite A1, Sparks, NV 89436 Contact: Carol Ann Carroll 775-331-3335 Merrill Lynch 6900 South McCarran Boulevard, Suite 1080, Reno, NV 89509 Contact: Andrea Knapp 775-688-5724 Morgan Stanley DTC #015 6140 Plumas Street, Reno, NV 89509-6060 Contact: Tom or Mike Seeliger 775-823-8632
Software and Application Hosting Service NPO Solutions, Inc.
Staff Christopher Askin, CSPG, CFRE, Executive Director Karen Sheppard, Office Administrator Margaret Stewart, Communications Director Tracy Peterson Turner, Program Officer Ralph Vroman, Controller Credits Design and typesetting: Julie Melton, The Right Type Graphics Writer/editor, photography: Margaret Stewart Page 37 photo: Theresa Dana-Douglas Copies of the Annual Report, Audited Financial Statements, Article of Incorporation, By-laws, IRS form 990 or IRS form1023 are available by request. For more information contact the Community Foundation of Western Nevada
Presidio Capital Advisors, LLC 101 California Street, Suite 1200, San Francisco, CA 94111 Contact: Bruce Brugler 415-449-1000
1885 South Arlington Avenue, Suite 103, Reno, NV 89509 775-333-5499 fax 775-333-5487 email info@cfwnv.org EIN # 88-0370179
Charles Schwab, DTC#0164 code 40 1669 Lucerne Street, Building F, Suite A-Z, Minden, NV 89423 Contact: Faye Groves 775-782-6143
www.cfwnv.org
Wells Fargo & Company, Private Client Services 5354 Kietzke Lane, Reno, NV 89511 Contact: Irene Garcia 775-888-4474 The Whittier Trust Company of Nevada 100 West Liberty Street, Suite 890, Reno, NV 89501-1952 Contact: William E. Ramsey 775-686-5400
10
CELEBRATING
53
Foundation Options Comparison Factors
Private Foundation
Community Foundation
Initial contribution
$5 million to be effective
$10,000
Start-up costs
Accounting and Legal Fees
None
Investment, accounting, On-going legal and accounting fees audit and tax returns Trustees must perform or hire staff. General Administration Trustees must perform, contract, or hire staff for these services. Max tax deduction for gifts of cash (% of AGI) 30%
1.5% or less for funds over $1 million. The CF handles all investments and accounting, files annual tax return, and provides annual independent audit. CF handles all financial and administrative management. 50%
Max tax deduction for gifts of appreciated securities
20%
30%
Must pay excise tax on investment
Yes (1-2%)
No
Minimum pay out required
Yes (5%)
No
Flexibility of choice
Yes
Yes
Likelihood of perpetuity
High
High
Requires donor time and expense
Yes
No
Grant-making consultation No. Trustees must perform, Yes. If donor wishes, the contract or hire staff CF can identify potential for these services. recipients, investigate applicants, make grant payments, and monitor performance.
54
Foundation Options Comparison Factors
Private Foundation
Community Foundation
Access to community-wide agency knowledge base
No
Yes (no charge)
Research and evaluation of charitable organizations
Must hire staff
Yes (no charge)
Agency liaison services
No
Yes (no charge)
Planned giving services
No
Yes (no charge)
Restriction on holding interests in business enterprises
Yes
No
Application of expenditure Yes (under IRC Section 4945 No responsibility procedures for taxable expenditure retax for grants to organizations and failure to make “expenditure programs that are not public responsibility” investigations) charities Separate annual IRS tax Yes No return required Privacy No (IRS Form 990-PF required which is open to public inspection.) Private foundations are required to file detailed tax returns on grants, investment fees, staff salaries, asset size, and publish a notice to the public that the tax return is available for viewing. These public records are often compiled into grant-seeker directories.
Yes Individual donor’s fund assets size, gifts and grant making are kept private and confidential. No public disclosure of individual grants or donations is required. If donor wishes, the CF can serve as a buffer between the donor and the grant seeker. Donors are usually recognized for grants disbursed unless they wish to remain anonymous.
Liability and insurance Insurance must be separately purchased.
Advisors to the fund are covered by the CF’s liability and office insurance policies. Fundraising events and other activities will require insurance.
55
The Community Foundation of Western Nevada is here to help
you realize your charitable dream. The stories in this report tell how the Community Foundation of Western Nevada helps people make lasting, powerful, and efficient gifts — gifts that enhance life, the life of your family and the life of the recipient, which in turn touches each of us joined through our eastern Sierra communities.
n
Streamlining, or eliminating, the administrative aspects of giving.
n
Providing the most favorable tax advantages available for charitable giving.
n
Investing funds to achieve superior returns while moderating risk, with the goal of enabling our donors to achieve both their philanthropic and financial objectives.
n
Helping donors involve their families and share important values with future generations.
We can help by n
Working individually with donors and their estate or financial advisors to develop an approach to giving that meets their particular needs.
n
Helping people understand their choices for giving now or making giving part of their estate plans.
If you would like to learn more about partnering with us please,
n
Accepting a wide range of assets including appreciated securities, real estate and business interests.
Talk with Chris Askin,
n
Providing expert advice on community issues and the groups addressing them in western Nevada as well as in communities around the world.
n
56
Connecting donors with others who have similar interests.
CSPG, CFRE, Executive Director, at 775-333-5499 or via email: caskin@cfwnv.org.
Stop by our office
1885 South Arlington Avenue, Suite 103, Reno NV 89509
Visit our website at www.cfwnv.org
Problems can become opportunities when the right people come together. – Robert South
Annual Report For Year Ending December 31, 2007
Connecting People Who Care with Causes that Matter
www.cfwnv.org 775-333-5499
1885 South Arlington Avenue, Suite 103 Reno, Nevada 89509
of Western Nevada
Community Foundation
Reno, Nevada
Permit #625
PAID
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