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Philanthropic Report Building Upon a Solid Foundation 2016

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Philanthropic Report Building Upon a Solid Foundation 2016 Philanthropic Report Building Upon a Solid Foundation 2016 1 www.lvcfoundation.org LVCF ANNUAL REPORT | 2016 The Lehigh Valley Community Foundation is a major philanthropic hub in the region– we know and navigate the landscape of community needs to connect people who care to causes that matter. Special thanks to LVEDC, Digital Feast, John Kish IV, Discover Lehigh Valley, and grantees for contributing photos to this report 2 LVCF ANNUAL REPORT | 2016 Table of Contents Fast Facts ............................................................ 4 Annual Letter........................................................ 5 Types of Funds..................................................... 6 George T. Walker Fund List of Funds......................................................... 7 Page 17 New Funds........................................................... 15 List of Gifts........................................................... 16 Rolland L. Adams Society..................................... 24 Joseph R. Gagnier Legacy Society...................................................... 31 Memorial Fund Page 23 List of Grants........................................................ 33 Program Highlights.............................................. 44 Financial Information........................................... 46 Kay and Marshall Wolff Board of Governors.............................................. 48 Page 30 Professional Advisors Council.............................. 49 LVCF Staff............................................................. 50 Lehigh Valley Community Foundation 840 W. Hamilton Street • Suite 310 • Allentown, PA 18101 Confirmed in Compliance with National Standards tel. 610-351-5353 • fax 610-351-9353 • www.lvcfoundation.org for U.S. Community Foundations LVCF ANNUAL REPORT | 2016 3 Fast Facts | FY 2015-16 People who gave Issued 300 Assets 430 Donors Approaching Grants $50 Million Gifts Added Grants to the Supporting Totaling 11 new Funds Community More than $9.5 204 $3.5 250 Million Funds Million Nonprofits Almost 80% or $2.8 million stayed in the Lehigh Valley Building Upon a Solid Foundation 4 LVCF ANNUAL REPORT | 2016 Message from the Board Chair and President & CEO This past fiscal year has been memorable for the Community recognize that the Community Foundation must be as respon- Foundation, and we thank you—our friends, supporters, and sive as possible to a wide range of needs and opportunities. colleagues—for your tremendous role in shaping the history of the Community Foundation. With this in mind, we intend to grant $300,000 to special proj- ects addressing six key community issues. Those issues are: First, our 200th charitable fund was established by Valley • Mental and Behavioral Health Youth House. Valley Youth House is a Lehigh Valley-based • Cultural Enrichment nonprofit that empowers and strengthens the lives of children • Food and Housing Access and families. This fund marks a significant milestone not only • Environment and Conservation in the Community Foundation’s growth but also in our • Human Trafficking community support and visibility. • Veterans Affairs The Community Foundation received one of its largest These grants will invite community members to “Be the Spark” bequests ever to establish the Delphine Quinn Perpetual —a spark of awareness, a spark of change, a spark of Fund, a donor designated fund. The Community Foundation connection. We’re very excited about this celebration grant- recognizes Delphine and her advisors for their forward-looking making campaign and look forward to celebrating our 50th. vision and support of the community. We would like to thank you for your continued support of We have increased our multi-year Impact Grants to include (1) philanthropy in our community. a five-year, $100,000 grant to the entrepreneur program of the Community Action Development Corporation of Bethlehem, and (2) a five-year, $50,000 grant supporting veteran educa- tion at Lehigh Carbon Community College. Perhaps most impressive, our total grantmaking in this past fiscal year reached a record $3.5 million in support of the widest spectrum of charitable organizations. On the horizon we will have some very exciting announce- ments about our 50th Anniversary celebration taking place in Michael Stershic Bernard J. Story 2017. Our deep involvement in the community allows us to Chair, Board of Governors President & CEO LVCF ANNUAL REPORT | 2016 5 Types of Funds Agency Funds | Focusing on the Nonprofit Mission Establishing an agency fund allows a nonprofit to focus on its mission while benefiting from the operational efficiencies, oversight and visibility that LVCF offers. Area-of-Interest Funds | Choosing a Cause An area-of-interest fund supports programs & initiatives that tackle issues of your choosing, such as the environment, camperships, or no-kill animal shelters. A donor-defined area-of-interest fund distributes grants based on the recommendations of a community committee that oversees a specific initiative. A community area-of-interest fund distributes grants based on LVCF’s community research to identify worthy charitable programs in the specified area-of-interest. Community Partnership Funds | Meeting the Region’s Changing Needs The Scholarship & Award Funds | Community Partnership Funds make sure the needs of tomorrow’s Lehigh Valley are Means to Further Education met. Donors rely on the deep community knowledge & experience of the Community Foundation to support the effective work of nonprofits throughout the region, forever. These funds allow donors to invest in the future by helping deserving students pursue Designated Funds | Defining Your Giving higher education. Name specific nonprofits to receive grants, and we will make those grants over time. Should circumstances significantly change, our board can put the money to use for other Unrestricted Funds | Supporting similar charitable work. Giving parameters are set at the time the fund is established, so Your Community Endowment your giving is on auto-pilot. It is the most common way to preserve your charitable legacy. The flexibility of unrestricted giving enables Donor-Advised Funds | Remaining Deeply Involved in Your Giving the Community Foundation to respond to the community’s most pressing needs, You recommend a grant, we do the paperwork and due diligence. We offer personalized including its own operations, today and service and deep community knowledge – a true partner in philanthropy. tomorrow. 6 LVCF ANNUAL REPORT | 2016 Charitable Funds FUND SPOTLIGHT Agency Funds Bethlehem AAUW Fund Latino Leadership Alliance Scholarship Fund Charles & Louise Hoffman Fund for the Bach Lehigh Valley Child Care Endowment Fund Choir of Bethlehem Hunter Meckes Memorial Scholarship Fund Bach Choir of Bethlehem Fund Endowment Fund of Meals On Wheels of Boys & Girls Club of Bethlehem Fund Lehigh County, Inc. AGENCY FUND Boys & Girls Club of Bethlehem Restricted Agency Endowment Fund of New Bethany Endowment #2 Fund Ministries Junior League of the Lehigh Burnside Plantation Fund New Bethany Ministries Endowment-Robinson Valley Agency Endowment Fund Fund Junior League of the Lehigh Valley Agency The Junior League of the Lehigh Valley Fund Endowment Fund ShareCare Fund supports the development of volunteer and United Way of the Greater Lehigh Valley leadership skills for the organization’s nearly Endowment Fund 300 members. These skills are used in programs David Rabaut United Way Fund For the League has developed to help reduce the Neighborhoods educational gap in lower income communities. Programs include teaching children about United Way of the Greater Lehigh Valley-Thun Endowment Fund healthy eating and fitness in Kids in the Kitchen, promoting family reading and literacy Endowment Fund to Further the Mission of in Book Blast, and preventing “summer slide” Valley Youth House with summer camp at Fountain Hill Elementary School. (pictured). LVCF ANNUAL REPORT | 2016 7 FUND SPOTLIGHT Charitable Funds Donor-Defined Area-of-Interest City of Bethlehem Celebration Fund Lehigh Valley Social Impact Fund Downtown Allentown Community Lehigh Valley Synergy Fund Development Initiative Fund Northampton County Bar Association Every 15 Minutes Fund Charitable Fund Lehigh County Medical Society Education Fund PPL Operation HELP Fund COMMUNITY AREA-OF-INTEREST Lehigh Valley My Brother’s Keeper Fund Saucon Sanctuary Fund The Erwin J. and Gertrude K. Neusch Fund Community Area-of-Interest Richard E. Gasser Fund Michael C. Schrader Fund This Fund provides grants for charitable programs which benefit residents of Upper Margaret Haas Rotunno Memorial Fund for Leonard A. Wenzel Memorial Fund for South Local No Kill Shelters Bethlehem Bucks County, specifically those in the geographic area served by the Quakertown Lehigh Valley Leader in Me Fund Gene & Joan Witiak Fund and Palisades School Districts. The programs Erwin J. & Gertrude K. Neusch Fund of interest to the Neusch Fund are primarily, Michael C. Schrader Fund Outdoor Recreation Fund for Youth but not exclusively, in arts (including Established in 1985 by Resolution of Lehigh River Fund the Foundation’s Board of Governors industrial arts), education, and rural life. to commemorate the retirement of Attorney Michael Schrader, the Fund Robert D. & Gwendolyn-Jane Romeril supports the work of non-profit orga- (Above) The fund supported scholarships Campership Fund nizations serving the indigent, sick or hungry. Attorney Schrader was the for nursing students at St. Luke’s Hospital‘s Foundation’s first Executive
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