community foundation annual report
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Annual ReportTRANSCRIPT
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The Community Foundation 2010 Annual Report
The Foundation connects donors who care with causes that matter. We foster civic leadership and create
and steward charitable community resources that address specific local need. We serve the counties of
Caroline, King George, Stafford and Spotsylvania and the City of Fredericksburg.
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Our Values STEWARDSHIP:
We are exemplary
stewards of charitable
resources, operating with
the highest standards of
integrity.
INSPIRATION:
We inspire charitable
giving in the diverse
communities we serve.
COLLABORATION:
We foster and create
partnerships that make
profound and measurable
differences in the quality
of life in our communities.
VISION:
We are visionary leaders
committed to responsibly
accomplishing our goals
and achieving remarkable
outcomes.
ACCOUNTABILITY:
We measure and share
with our donors the
impact their philanthropy
creates in our
communities
The Community Foundation 2010 Annual Report
A Remarkable Year It is our pleasure to report a set of organizational milestones
that indicate we are better prepared than ever to effect
lasting, positive change in our community and beyond – and
to continue to grow this capacity to serve into the future.
The most immediately visible recent change is the addition of
two new faces to the Foundation workforce:
Ditas Kaag, Finance Officer, is a Certified Public
Accountant with extensive nonprofit foundation
experience.
Lisa Biever, Program Officer, is spearheading
Foundation programs like scholarships, the Women &
Girls Fund and Youth in Philanthropy.
Teri McNally, Executive Director, continues to lead the
Community Foundation forward in its mission to foster
permanent charitable funds and philanthropic programs that
support outstanding community projects.
The results of other Foundation changes will become visible
in the year to come. With a gift of $2.325 million from the
estate of “Duff” McDuff Green, Jr. the Community
Foundation endowment has grown to $6.8 million in assets.
This Green gift will allow us to offer $112,000 in grants to
promising area projects bringing youth, recreation and/or
preservation programming to the region. This is in addition to
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our ongoing donor-advised, field of interest and unrestricted grantmaking programs.
To date, the Foundation has delivered over $3 million back to the community. We
are on track to grow to $25 million over the next 5 years – tripling the available
funding we can distribute to critical issues throughout the area.
Additional Foundation highlights for the 2009/10 period include:
• The inaugural award of grants through the Women & Girls Fund: following
a live ballot voting event in May, grants totaling $22,000 were made to area
projects that address needs identified in the Women & Girls Fund Status
Report, which was released in January.
• The development of a new Senior Leaders track for high school seniors
enrolled in the Youth in Philanthropy program. “YIP” awarded five grants in
2009/10 totaling $12,000.
• The award of $35,000 in college scholarships to 28 area high school
students from among a pool of 152 applicants.
• The completion of a new comprehensive organizational strategic plan.
A community foundation is a vehicle for people of all means to make a lasting
difference in the community causes they care about. Our central purpose is to serve
the needs and philanthropic aims of donors who wish to better their community,
now and in the future. We do this by providing donors with flexible, efficient, and
tax-effective ways to ensure their charitable giving achieves the greatest possible
impact. Because our region’s civic leaders choose the Community Foundation as the
most effective way to actively champion the causes they care about, we are actively
growing a vital set of resources that will benefit the Rappahannock River region in
perpetuity. It would be our pleasure to help you reach your own charitable goals -
here where you live, and beyond. As our partner in giving, you can rely on the
simplicity and tax advantages of a public charity combined with the personal
recognition, involvement and flexibility of a private foundation. Please contact
Executive Director, Teri McNally to set up an informal meeting where you can
learn more about how we can support your philanthropic goals, by e-mail at
[email protected] or by phone at 540 373-9292.
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2010 Grantees
American Cancer Society American Red Cross ARC of the Rappahannock Bowling Green Volunteer Fire Department Bowling Green Volunteer Rescue Squad, Inc
Bragg Hill Family Life Center Breast Cancer 3-Day BSA Troop 165 Cal Ripken Foundation - Fredericksburg Project Chesapeake Bay Foundation Childhelp Inc. Children's Hospital Richmond College of William & Mary Compassionate International disAbility Resource Center Employment Resources Inc. Episcopal Relief Development Fund Fredericksburg Academy
Fredericksburg Area Food Bank Fredericksburg Athenaeum Fredericksburg Christian School Fredericksburg Counseling Services Fredericksburg Festival of the Arts Fredericksburg Rescue Squad Friends of the Rappahannock Germanna Community College Middle College Germanna Community College Foundation Greater Fredericksburg Habitat for Humanity Hope House
Hospice Support Care Lifepoint Church Lloyd F. Moss Free Clinic Mental Health America MICAH Ecumenical Services Montpelier Foundation Odyssey Montessori Partnership for Academic Excellence Program for Teen Parent Rappahannock Area Community Services Board Rappahannock Area Council for Children & Parent Rappahannock Area Healthy Families Rappahannock Area YMCA Rappahannock Big Brothers Big Sisters Rappahannock Council Against Sexual Assault Rappahannock Council on Domestic Violence Rappahannock Goodwill Industries Rappahannock United Way Salem Baptist Church Salvation Army Serenity House SPCA of Fredericksburg St. Christopher's School Foundation St. Paul High School Stafford Hospital Center Foundation Stafford Junction Thurman Brisben Center University of Maryland College Park Foundation Virginia Intermont College Young Life of Greater Fredericksburg
OUR VISION:
We shall be the
authority in
fostering charitable
giving and
philanthropy to
enhance the quality
of life in
Fredericksburg and
the surrounding
counties.
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Our Funds
Unrestricted The Community Enrichment Fund Donor Advised Funds Sullivan Family Fund Colangelo-Phalen Family Fund Dulcie H. Potter Memorial Fund Empowerment Fund Forbush Family Legacy Fund Graves-King Family Legacy Fund PNC Endowment Fund Richmond Rennie McDaniel Fund Rowe Family Legacy Fund Ukrop’s Fund Carolina County Public Spirit Fund Robert O'Neill Memorial Fund Duff “McDuff” Green, Jr. Fund
Designated Funds Alan F. Courtney Fund Barney Reiley, YMCA Fund Bill Lakeman:
Habitat For Humanity Fund Chris Ross Memorial Fund 1st Lt. Benjamin J. Hall Memorial Fund Harry & Marie Dawideit Fund Sara P. Boutwell Memorial Fund Trust for Public Education Fund Wayne Dennison Memorial Fund O'Neill Family Legacy Fund
Nonprofit Agency Funds L.E. Smoot Memorial Library Fund Beth & Jay Jarrell Endowment Dahlgren Rescue Squad Endowment Festival of the Arts Endowment Hospice Support Care Endowment Stafford Junction Endowment Big Brothers Big Sisters Endowment
Field of Interest Anne Felder Fund
Kelly Givens Memorial Fund Women and Girls Fund
Pass-Through Funds Community Giving Fund Maury-Lafayette Fund Coker Family Fund David Morgan Fund Hansen Family Pass-Through Fund Mary Wynn Richmond McDaniel Fund
Scholarship Funds Seay Family Scholarship Fund Baron P. Braswell II
Memorial Scholarship Betty Merrill Scholarship
for Excellence in Latin Fund Bill Lontz Science Scholarship Brandon Thomas Lawn
Memorial Scholarship Brian Conner Memorial Scholarship Christine & Will Dickinson Scholarship George & Lucy Mae Scott Scholarship Horace A. Revercomb
Memorial Scholarship for Music James Monroe 1992
Girls Athletic Scholarship Jeremy Daniel Hawley
Memorial Scholarship Kay Orr Memorial Scholarship Mary E. Berger Scholarship Molly Gill Memorial Scholarship Fund Lee Wingate Pappandreou
Scholarship for Drama Paul Neri Memorial Scholarship Peter Johnson Memorial Scholarship Shacklax Memorial Scholarship
Sofia Silva Memorial Scholarship Steven Snyder Memorial Scholarship Como Farm Scholarship
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2010 Financial Summary
Revenues and Support
Contributions
$ 2,537,462
Special events income
$ 72,377
Administrative fees
$ 54,799
Interest and dividend income
$ 86,677
Other
$ 18,746
Total Revenues and Support
$ 2,770,061
Expenditures
Program Support
$ 77,874
Management and General
$ 47,197
Fundraising
$ 40,339
Total Expenses
$ 165,410
2010 Funds by Type - $6,835,284
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2010 Grant and Scholarship Distributions - $202,089
Teri McNally
Executive Director
Ditas Kaag
Finance Officer
Lisa Biever
Program Officer
THE COMMUNITY FOUNDATION Mailing Address
P.O. Box 208 Fredericksburg, VA 22404-0208
Physical Address
725 Jackson Street, Suite 114 Fredericksburg, VA 22401
Ph 540.373.9292 Fx 540.373.3050
www.cfrrr.org