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Annual Report 2016-2017 annual report CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER...FOREVER. Mission Statement The Williamsburg Community Foundation connects people who care with causes that matter in our community…forever. 2016 board of trustees Paul W. Gerhardt, Chair William L. Roberts Jr., Treasurer We pursue this mission by: Kendall S. Kerby, Vice Chair Corinne W. Garland, Secretary • Building permanent, flexible endowment funds that respond to emerging James N. Allburn Albert O. Louer Joe Poole III and changing community needs; Linda R. Caviness Eric McDonald Wilma Register Sharp • Providing effective stewardship John R. Curtis Jr. Randy W. Myers Kathleen F. Slevin of charitable funds; Ellin B. Gordon Rick Nahm Howard W. Smith Sr. Susanna B. Hickman Sterling Nichols Anthony J. Taylor M.D. • Advising donors with varied interests to help Ronald E. Lodzieski Michele M. Orabona CFP® Christine Williamson them achieve their philanthropic goals; and • Serving as a resource, catalyst and VISION 2020 coordinator for charitable activities. Margaret Beck Pritchard, Chair Robert G. Beck, Honorary Chair Vision Statement The Williamsburg Community Foundation’s vision Honorary Trustees is to be a trusted philanthropic leader enhancing all Colin G. Campbell aspects of life in the area through its unique grant W. Taylor Reveley III and scholarship programs and its delivery of the highest quality donor services. Staff Nancy Coté Sullivan, Executive Director Values Jeff Dawson, Accountant Integrity and Stewardship Ginny Gasink, Development & Innovation and Flexibility Communications Officer Inclusiveness and Diversity Kris MacKenzie, Office Manager Community Focus Van Ruckman, Webmaster Please contact the staff at 757-259-1660 or [email protected] if you would like additional information about how you can get involved. Above: 2016 Board of Trustees. Not pictured: Linda R. Caviness, Susanna B. Hickman, Sterling Nichols, Howard W. Smith Sr., Christine Williamson a message from Paul W. Gerhardt CHAIR OF THE BOARD 2016-2017 This past year the Williamsburg Community In addition to gifts received, the net investment Foundation challenged you to increase your return of 10.72% during the calendar year resulted in financial support as an investment in future grants extraordinary growth for WCF endowment funds. and scholarships. I am very pleased to report that More of you than ever before donated to the Annual you have helped the Foundation thrive during the Fund. In addition, a number of individuals joined the 2016-17 fiscal year. Legacy Society by pledging gifts from their estate plans. The Board set ambitious goals for VISION 2020, Because of your support for our work, WCF will the Foundation’s core initiative, and the first full invest more in our community next year and over year has exceeded expectations. Over $1 million in the long term. You can read more concerning the contributions were made during the year. WCF Past Chairmen accomplishments achieved this year and about a Trist B. McConnell The six area endowment funds, which are the few of the people who enabled them throughout John C. Jamison 2016 board of trustees cornerstones of the initiative, grew considerably, with this annual report. the Health and Community Wellness Fund becoming John R. Curtis Jr. I would like to thank you, as well as our volunteer the first to meet the $20,000 matching challenge. Vernon M. Geddy III board and committee members, and staff for WCF received gifts or pledges from donors establishing Karen A. Jamison stepping up to the plate, joining VISION 2020, and named funds in three of our six focus areas: Michael D. Maddocks helping WCF reach $6.2 million in assets. Environment and Conservation, Senior Services, and Margaret Beck Pritchard Health and Community Wellness. (See chart below.) Paul W. Gerhardt | Chair Vision 2020 Field of Interest Endowment Funds Gifts Match Allocated Each of these funds will award grants within that field of interest. Gifts and pledges as of 1/31/17: $80,000 $ $70,000 20,000 $60,000 $6,513 $50,000 $7,306 $7,067 $40,000 $30,000 $11,822 $20,000 $9,901 $10,000 $52,110 $14,333 $42,306 $54,531 $42,067 $13,000 $0 Arts & Culture Children & Environment Health Senior Services Scholarship Young Adults & Conservation & Wellness community endowment funds types of funds 1999 Trellis Benefit Fund John and Carol Jamison Fund James and Gail Allburn Family Fund John Jamison Creative Leadership Fund Community Endowment Funds Andrews-Squire Family Fund Tom and Karen Jamison Family Fund Unrestricted endowment gifts to the WCF are Anonymous (2) Kiley Unrestricted Fund placed in the Community Endowment, which Robert Travis Armistead Memorial Fund Stephanie H. and Robert A. King Fund the Board of Trustees uses to address the Baker Family Community Endowment Fund Glenn and Bonnie Krochmal Fund changing needs of greater Williamsburg through Edna and James Baker Fund Carolyn and Ronald Lodzieski Fund* a competitive process. Named funds within the Norman Beatty Memorial Fund Tessa and Albert Louer Fund Community Endowment may be established with Robert and Hope Beck Fund Montgomery and Pamela Mason Fund a minimum gift of $10,000. Margaret and Robert Birney Fund Mathews Family Unrestricted Fund Susan Britcher Charitable Fund Helen and Trist McConnell Fund William and Cynthia Bryant Fund Walter G. and Betty C. McDonald Field-of-Interest Funds Terry Emory Buntrock Fund Memorial Fund Joseph and Susan Burkart Fund Mellette Family Endowment Fund A Field-of-Interest Fund allows a donor to Bette and Nash Castro Fund Joseph and Linda Montgomery Family select a particular area for grantmaking. Grant Unrestricted Fund Linda and Tim Caviness Fund recipients will be selected through a competitive Sandy and Rick Nahm Fund Ryan Gregory Cooke Memorial Fund process. Named Funds may be established with Old Point Bank Fund Corson Family Fund a minimum gift of $35,000. Optimal Service Group of Wells Fargo Fund Covenant Wealth Advisors/Topping Family Fund Tom and Mary Ellen Power Family Fund Donald E. and Janet W. Craig Fund Margaret Beck Pritchard Fund Designated and Agency Charles and Ginny Crone Family Bob and Judy Rathert Fund Endowment Funds Unrestricted Fund Phillip Richardson Family Trust A Designated Fund allows the donor to select Nan and Pete Cruikshank Fund Ring Family Fund one or more specific charities to receive grants John and Julia Curtis Endowment Fund Scharlop-Schultz Fund from the fund when the fund is established. Darling Family Fund Schievelbein Family Fund Nonprofit organizations may establish an Derrick Family Foundation Fund Sculthorpe Charitable Fund Derrig Family Fund Wilma and Marc Sharp Community Agency Endowment Fund to support their work. S. Jane deSolms Charitable Fund Endowment Fund Both of these funds may be established with a Jep and Lis Doley Family Fund Stambaugh Family Unrestricted Fund minimum gift of $10,000. Margaret and Sean Driscoll Family Fund Paul and Bonita Stockmeyer Unrestricted Fund DWA Fund Bill and Nancy Sullivan Family Fund Rex and Paulette Ellis Fund Scholarship Funds Tim and Anne Sullivan Fund Catherine and Paul Freiling Family Fund Scholarship Funds may be established with Jane and Robert Taylor Fund Geddy Family Funds a minimum initial gift of $35,000. Gifts in any Imogene and Roger Thaler Endowment Good Life Fund amount can be made to support scholarships Fund Baron and Ellin Gordon Fund through the Williamsburg-James City County TowneBank Fund Hamilton-Phillips Fund The Trust Company of Virginia Fund Scholarship Fund. A. Kent Harrell and Kendall S. Kerby Fund Vermillion Family Fund The Harris Family Fund Harry and Judy Wason Fund R.M. (Sam) Hazelwood, Jr. Family Fund Donor-Advised Funds Peter and Kimberly Wendell Fund Henderson Family Fund The Donor-Advised Fund is a highly flexible option Mildred B. West Fund T. Christian Henderson Family Fund William C. and Elizabeth J. Wilhelm for donors who wish to be actively involved in Joseph and June Hennage Fund Endowment Fund their choice of grant recipients. Through this Bruce and Kathy Hornsby Fund Christine and Forrest Williamson Fund type of fund, a donor may support charities in Mary Speake Humelsine Fund Wilson Family Fund the greater Williamsburg area and beyond. It is John A. Hyman Fund Sally P. and Kenneth M. Wolfe Fund an excellent alternative to a private foundation, with greater ease of establishment and superior *New fund in 2016 tax benefits. A Donor-Advised Fund may be established with a minimum gift of $10,000. 2 ure Se ult nior C Se & rv rts ic e A s E Community t C n l & o v u Endowment n i r n d s o e A e n r r m g d v l i a n e t h u n i o o C t n Y & C o m H m e u alt ip n h & sh ity ar We hol llness Sc join vision 2020: celebrating a decade Together We Will Continue to Enrich Our Community of the art of song THE GENEVIEVE MCGIFFERT FUND The Williamsburg Community Foundation has developed the VISION 2020 Initiative to: • Increase the number of families supporting greater Williamsburg Over the past ten years, the Genevieve McGiffert Fund for the through the Foundation, Musical Performing Arts has supported a variety of performances • Provide greater education about and connection to local nonprofits that enrich our community. Founded by Genevieve’s husband for our donors and members, and Michael McGiffert, and her longtime friend Linda Baker, the fund • Increase the pool of philanthropic capital available to the has provided $11,400 in grants to organizations including the community by encouraging legacy giving. Williamsburg Music Club, Williamsburg Choral Guild, Williamsburg Gifts in any amount to one of the six areas will support Symphony Orchestra, Opera in Williamsburg, and All Together, Inc. our community forever. The McGiffert Fund is an example of a field-of-interest fund, which allows the donor to select a particular area for grantmaking, such Field-of-Interest Funds as the arts; the Foundation then makes grants within that field An Occasion for the Arts Fund of interest through a competitive process.
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