madison community foundation annual meeting june 2014
TRANSCRIPT
![Page 1: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/1.jpg)
Helping Good People Do Good
![Page 2: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/2.jpg)
Madison Community Foundation Board of Governors
![Page 3: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/3.jpg)
Madison Community Foundation Staff
![Page 4: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/4.jpg)
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
![Page 5: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/5.jpg)
12-Month Activities
• Completed 5-year strategic plan
• Strengthened relationship with AFFW
• Completed three campaigns
• Hired three staff
• Grew contributions, distributions, returns
![Page 6: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/6.jpg)
Great Performance Campaign
![Page 7: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/7.jpg)
MCF Core Values
• Generosity: We inspire giving to improve our world
• Permanence: We steward community assets to ensure permanent, multi-generational
philanthropy
• Connectivity: We listen to fundholders, learn about community initiatives and foster
connections
• Effectiveness: We identify opportunities, align actions and produce results
• Integrity: We create trust by acting with transparency and accountability
![Page 8: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/8.jpg)
MCF Stakeholder Themes
Knowledge of the community
Permanence
Expertise
Identify and foster connections
Independent objectivity
![Page 9: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/9.jpg)
MCF Mission
Madison Community Foundation uses its local knowledge and assets to
inspire giving, support meaningful initiatives and connect people for the
common good.
![Page 10: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/10.jpg)
MCF Vision
The Greater Madison Area will bea vibrant and generous place
where people help each other thrive.
![Page 11: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/11.jpg)
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
![Page 12: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/12.jpg)
Financial Highlights
Total Assets: $153,190,047
Contributions Received: $9,212,371
Gifts Received: 3,465
Number of Donors: 1,763
Distributions: $7,996,802
Number of grants: 1,378
![Page 13: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/13.jpg)
Your Support Doing Good in the World
![Page 14: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/14.jpg)
Fundholders – Areas of Focus
![Page 15: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/15.jpg)
Average AnnualInvestment Returns
as of 12/31/13
Value 1 Year3
Years5
Years10
YearsDiversified Portfolio $132.5 M 15.11% 6.49%
10.46% 5.21%
benchmark
14.90% 8.10%11.28
% 5.85%
ESG Portfolio $3.8 M 20.69%10.29
%11.90
% 6.18%
benchmark
17.55%11.06
%12.71
% 6.54%
Maximum Giving Portfolio $5.9 M 9.85% 5.65% benchmark 4.17% 5.87%
![Page 16: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/16.jpg)
Intergenerational Equity
“The trustees of endowed institutions are the guardians of the future against the claims of the present. Their task in managing the endowment is to preserve equity among generations.”
James Tobin, Economist
![Page 17: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/17.jpg)
Investment Goals
Enhance MCF Long-Term Viability• maximize value of permanent endowment• prudent level of risk• long-term investment program
Return Objective• normal inflation + spending• preserve purchasing power of the funds
![Page 18: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/18.jpg)
Excellent Stewards
MCF Board of Governors
MCF Investment Committee
Joan Burke, Chair Jack BolzJim Bradley Phyllis LovrienSteve Brown Ron MensinkJac Garner Tom OlsonBlaine Renfert Mark ReadyDave Stark Dave Reinecke
Carrie Thome
![Page 19: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/19.jpg)
Trusted Professionals
Commonfund• Outsourced Chief Investment Officer• 50 Sub-advisors of marketable and
hedging strategies• 70 private capital managers
Walden Asset Management• ESG portfolio manager
![Page 20: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/20.jpg)
Asset Allocation Process
![Page 21: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/21.jpg)
ESG Considerations• Demonstrated accountability• Management systems• Peer group comparison• Trends over time
• Capital reinvestment• Human rights• Local impacts
• Board structure• ESG reporting• Executive compensation• Political spending and lobbying
• Compensation/benefits• Diversity• Labor relations• Safety and workplace conditions
• Climate change• Resource efficiency• Waste reduction• Water risk
Environment Workplace
CommunityCorporate Governance
Sources of information• Company • Government databases• Independent research providers• Issue-based technical experts• Major media and trade journals
ESG Research FrameworkInforms Portfolio Screening and Shareholder Engagement
Core Products &
Services
![Page 22: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/22.jpg)
Real-Life Results
Fund Inception 1991
Total Contributions to Fund $15,086,613
Cumulative Grants from $21,965,255 Fund since inception
12/31/13 Fund balance $16,946,529
![Page 23: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/23.jpg)
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
![Page 24: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/24.jpg)
Dorothy Blotz, FundholderField of Interest
Inspiring Donors
![Page 25: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/25.jpg)
Christine Rew Barden, Advisor
Trusts & Estates Attorney
“The philanthropic services offered by Madison Community Foundation are not only cost effective, but make philanthropy easy, flexible, and effective…”
Inspiring Donors
![Page 26: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/26.jpg)
Inspiring Donors
Glenn and Cleo Sonnedecker, FundholdersCommunity Impact
![Page 27: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/27.jpg)
Friends of Dane County Parks Endowment
Inspiring Donors
![Page 28: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/28.jpg)
Inspiring Donors
• Thank you• Proactive outreach• Current & future goals– Donor Fundholder
– Fundholder Legacy Society
– Legacy Society Fundholder
![Page 29: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/29.jpg)
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
![Page 30: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/30.jpg)
Madison Public LibraryNew Downtown Library
![Page 31: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/31.jpg)
Clean Lakes AllianceConservation and Infrastructure
![Page 32: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/32.jpg)
A Fund for WomenEndowment Challenge Grant
![Page 33: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/33.jpg)
Boys and Girls ClubCollege Club
![Page 34: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/34.jpg)
Simpson Street Free PressAfter School Academic Academy
![Page 35: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/35.jpg)
Operation Fresh Start Pathways Premium Program
![Page 36: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/36.jpg)
YMCACommunity School Pilot Program
![Page 37: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/37.jpg)
Omega SchoolGED Digital Curriculum
![Page 38: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/38.jpg)
Salvation ArmyComputer Lab
![Page 39: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/39.jpg)
Bridge Lake Point & Vera Court Neighborhood Centers Latino Academy Workforce Development
![Page 40: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/40.jpg)
River Food PantryWalk-in Cooler
![Page 41: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/41.jpg)
Central Park
![Page 42: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/42.jpg)
Madison OperaNew Building
![Page 43: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/43.jpg)
Madison BalletDracula
![Page 44: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/44.jpg)
Madison Music Makers
![Page 45: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/45.jpg)
Wisconsin Youth Symphony Orchestra
![Page 46: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/46.jpg)
Wolf Run Association Black Earth Creek Trail in Mazomanie
![Page 47: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/47.jpg)
Dane County ParksEndowment Challenge Grant
![Page 48: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/48.jpg)
Wisconsin WetlandsEndowment Challenge Grant
![Page 49: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/49.jpg)
Dane County Humane SocietyCapital Campaign
![Page 50: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/50.jpg)
Attic Angel
![Page 51: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/51.jpg)
Domestic Abuse Intervention ServicesCapital Campaign
![Page 52: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/52.jpg)
Henry Vilas Zoo
![Page 53: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/53.jpg)
Splash ParksMadison, Middleton, Fitchburg
Splash Park
![Page 54: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/54.jpg)
Neighborhood Center COMETS(Creating Opportunity in Math, Engineering, Technology and Science)
![Page 55: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/55.jpg)
![Page 56: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/56.jpg)
GROW CoalitionDigging In Project
![Page 57: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/57.jpg)
Lakeview Elementary “Pazillion”
![Page 58: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/58.jpg)
Orchard Ridge Elementary
![Page 59: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/59.jpg)
Whalen Pond
![Page 60: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/60.jpg)
Beyond the Page Endowment
$1.4 million raised!
![Page 61: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/61.jpg)
Cost-free, Collaborative, Countywide
![Page 62: Madison Community Foundation Annual Meeting June 2014](https://reader034.vdocuments.us/reader034/viewer/2022052621/5583717bd8b42a6d488b51cf/html5/thumbnails/62.jpg)
Helping Good People Do Good