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Carroll County Community Foundation of Howard County, Inc Charitable Dreams for Community Needs 2012 Annual Report Clinton County Community Foundation Carroll County Community Foundation of Howard County, Inc. Community Foundation Table of Contents Mission, Vision and Core Values . 2 Board Members and Volunteers . 4 Ways to Give . 5 Donors. 6 Organizations. 9 Memorials and Tributes . 10 Lilly Endowment Community Scholars . 15 Endowed Funds • Howard County . 16 • Carroll County . 20 • Clinton County . 21 Grants • Howard County . 23 • Carroll County . 30 • Clinton County . 32 Financial Report . 36 David Foster Society . 38 Friends of Carroll County . 39 Scholarship Photos. 40 Community Foundation of Howard County, Inc. Carroll County Community Foundation Clinton County Community Foundation 215 W. Sycamore Street Kokomo, Indiana 46901 Monday - Friday 8 a.m. - 4:30 p.m., or by appointment (765) 454-7298 or (800) 964-0508 [email protected] Visit us online: www.cfhoward.org www.cfcarroll.org www.cfclinton.org 1 Our Mission Th e mission of the Community Foundation serving Howard, Carroll and Clinton Counties is to improve the quality of life of the community through the accumulation and stewardship of enduring charitable gifts. Vision Th e Community Foundation is recognized by the community to be an eff ective, credible and infl uential broad-based organization. It serves the community as a catalyst dedicated to improving the quality of life of our people through the permanent stewardship of fi nancial gifts placed in its care. As the number of people touched by the Foundation continues to rise, this statement of “vision” is coming ever closer to reality. Core Values To express the underlying philosophy of the Foundation, the board drafted a series of “core values” statements that refl ect the fundamental philosophy of its operation. Th ese values provide guidance to both paid staff and volunteers as we interact with donors, grantees and the community: Stewardship Open Door Service to Donors Community Th e Foundation will Th e Foundation Th e Foundation off ers Th e Foundation will prudently manage the will be available to opportunities to improve the quality resources entrusted all segments of our donors to improve of life through to it, maintaining defi ned community. the quality of life leadership by building confi dentiality and in their community endowments that seeking growth of by fulfi lling their are directed toward resources. charitable goals. meeting the needs of the community. Integrity Th e Foundation, its directors and staff will hold themselves to the highest ethical standards and strive to achieve the best business practices. We hope these statements make clearer in your mind the role and purpose of the Community Foundation. If you have questions, suggestions or comments about any of these statements, please call us, we’ll be happy to discuss them further. On behalf of all of the volunteers and staff of the Community Foundations of Howard, Carroll and Clinton Counties, thank you for your commitment and interest in the Foundation and the community. 2 More than Dear Friends of the Community Foundation Serving Howard, $1,130,000 in Carroll and Clinton Counties: grants awarded Your generosity and visionary thinking inspires us as we work with individuals and organizations that are committed to changing our communities for the in 2012 better. Th is inspiration starts with our donors who bring their passions to us to help them create connections with the community. 190 scholarships Together we have provided support to address issues facing the community – from basic needs and social services to culture and education. Our role is to awarded link needs with people who are interested in improving the community now and in the future. Our board members understand their communities and have determined an 375 charitable emphasis on education will build a community that is informed, empowered funds and connected. In Howard County, a grant was provided to support free preschool education to help at-risk youth learn academic, physical and social skills to prepare them for success. In Clinton County, we provided funding to purchase the site to house Ivy Tech Community College, and matching More than funds were provided to encourage donors to support bringing the campus to Frankfort. Board members in Carroll County are collaborating with local 95 nonprofi ts schools through an initiative that encourages students to continue schooling beyond the high school level. supported through donor While this focus on education is critical, we are also aware of many other needs in the community and we continue to provide support to meet those legacy giving needs. Th at’s where matching the passions of those we work with to the diff erent philanthropy goals creates a bright future and a changed community. Th ank you for your interest in your Community Foundation and in your $390,000 community. in general scholarships awarded and $501,691 Th e Community Foundation serving Howard, Carroll and Clinton Counties has achieved the Certifi cate of Standards Compliance awarded with the Ethical and Operational Standards for Indiana Community Foundations. Th e standards are administered through through the Lilly the National Association of Council on Foundations to verify that foundations demonstrate accountability, transparency and Endowment continuous self-improvement. Community Scholarship Program 3 2012 Board Members and Volunteers Chairperson Executive Committee Howard County Grants Committee Dana Davis, Community Volunteer Dana Davis, Chairperson Joe Dunbar, Chairperson Vice Chairperson Scott McClelland, Vice Chairperson Nanette Bowling Jan Hendrix Scott McClelland, Attorney Bob Hingst, Sec./Treas. Betsy Hoshaw Scott McClelland Mike Stegall, Past Chairperson Gene Parks Dr. Marilyn Skinner Secretary/Treasurer Joe Dunbar Paul Manning Jeff Smeltzer Mike Ullery Bob Hingst, Mid-America Beverage Jim McIntyre Steve Rothenberger J.D. Young Past Chairperson J.D. Young Clinton County Grants Committee Mike Stegall, Community First Bank Clinton County Services Committee John Shoup, Chairperson Nanette Bowling John Shoup, Chairperson Jean Beard Debbie Graves Community Volunteer Bill Beard Jean Beard Karen Miller Megan Sheets Melissa Ellis Les Bergum Alan Dunn Carroll County Grants Committee Crume-Ellis Auctioneers & Appraisers Karen Miller Laura Mullen Angie May Carolyn Pearson Jack Ransom Gene Robbins Betsy Hoshaw Trent Stephan Brian Wagoner Steve Rothenberger Kent Ryan Community Volunteer Stan Smith Harold Vice Investment/Finance Committee Brad Howell Steve Rothenberger, Chairperson Brad Howell Ford Carroll County Services Committee Bill Bersbach Robert C. Bucheri Paul Manning, Chairperson Derek Fisher Bob Hingst Beth MacDonald Dr. Greg Norman, Vice Chairperson Attorney Brad Howell Jim Parsons Michelle Cox Abigail Diener Aaron Smith Rick Smith Paul Manning Angie May Bill Northcutt Mike Stegall Gary Wehr Carroll County Ed Oyler Jerry Reinke Jim McIntyre Trent Stephan Dr. Brian Wagoner Attorney Tyler Moore Moore Title & Escrow, Inc. Stan Rebber Granny’s Furniture Steve Rothenberger Clinton County Kent Ryan Clinton County Craig Severns Coca-Cola Bottling Co. Laura Sheets Duke Energy Dr. Marilyn Skinner Center for Early Childhood Education Jeff Smeltzer Cone Palace Mike Ullery Craftsman Homes & Remodeling J.D. Young Community Foundation Staff Young’s Culligan & Appliance Center Jane Williams, Communications Program Offi cer; Dawn Seward, Finance Administrator; Hilda Burns, President; LaCinda Chapman, Secretary/Receptionist; and Kim Abney, Vice President of Programs 4 Ways to Give Types of Funds Flexible Giving Community Endowment Funds Th e Community Foundation is Recognizing that the community’s challenges and needs will a fl exible vehicle for charitable change, donors have established community endowment gifts of all sizes, from public, funds to address these needs now and forever. Donors can corporate, foundation, or entrust the Foundation with the selection of the most needed private sources. Both large and programs to receive grant funding based on a competitive small gifts can take a variety of process. forms; depending on tax and estate planning priorities. Donor-Advised Funds Gifts can be made with: Donors may be actively involved in the grantmaking by recommending which qualifi ed charitable organizations •Cash •Appreciated Securities should receive grants from their advised fund. Th ese fl exible •Life Insurance •Real Estate funds enable donors to address a wide variety of issues as their •Bequests •Private Foundation Transfer charitable interests and priorities change over time. IRA 401(k), or Other Qualifi ed Retirement Plan Designated/Agency Funds Planned giving is as easy as designating a percentage of Donors may identify one or more charitable organizations to your IRA, 401(k) or other qualifi ed retirement plan to the receive an income stream forever. If at some time in the Foundation as a benefi ciary. future the named charity is no longer recognized as a 501(c)(3) organization, the Foundation board of directors has Other Planned Gifts the variance power to select another organization with a similar Th e Foundation also off ers donors several other types of gift purpose to benefi t from the fund. arrangements that provide a variety of tax advantages and income benefi ts to donors. Th ese include the following: Field of Interest Funds A fi eld of interest fund allows donors to support a broadly Charitable Gift Annuity defi ned area, such as the arts, youth, health and more. Th e Foundation awards funding through a competitive process to Th is is a contract between the donor and the Foundation. the most needed programs within the donor’s area of interest In exchange for the donor’s irrevocable gift, the Foundation of the fund. agrees to pay one or two annuitants the donor names a fi xed sum each year for life. Th e payments are guaranteed by the Operating Endowment Funds Foundation. Donors support the work of the Community Foundation through their gifts to operating endowment funds, which Charitable Remainder Trust provides support to the operating budget of the Foundation Th is allows donors to place assets such as cash, securities, or forever. real estate in trust, which then invests the asset.
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