2018 Annual Report

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2018 Annual Report Annual Report 2018 Celebrating A leading force for philanthropy Pikes Peak Community Foundation Annual Report 2018 Founded 1928 Our Roots: Meet Change 2018 Board of Powerfully, Together Trustees Ninety years ago, a cohort of five civically-minded community leaders established the Colorado Springs Community Trust. It may have been difficult to imagine what the community would look like today, but they knew it would evolve and that needs would change. They were also keenly aware of the power of collective giving. Wendel P. Torres Rob Wrubel Reliant Construction, LLC Cascade Investment Today, Pikes Peak Community Foundation (PPCF) remains Chairman Group, Inc. Vice Chairman guided by their original intention: to “meet the changing needs for charitable gifts with flexibility … Afford an opportunity alike to persons of wealth and of modest means to make their gifts [more effective by] distributing all of them as if an aggregate fund.” PPCF is a collective of more than 200 citizen philanthropists and we have the same mission as those trustees nearly a Janet Suthers Gregory L. Community Leader Gandy, CPA century ago. We are privileged to serve our community, and our Secretary Biggs, Kofford and Co. Treasurer job is to continue to help citizens have the greatest impact on our community today, and 90 years from now. Ward Berlin Lorne Kramer K @ W Enterprises KRW Associates, LLC Andie Doyle Bonnie Martinez Chapman Foundations Discover Goodwill Management, LLC Tony Rosendo Gary Butterworth Joan Gurvis The John E. and Margaret L. Lane Foundation Chief Executive Officer Center for Creative & The Bloom Foundation Leadership Mark Hille Mari Colorado College Sinton-Martinez Celebration of Life Fund of Pikes Peak Community Thank you PPCF Community Contributors Chris Jenkins Foundation Nor’wood Development ADD Staff, Inc. Matt Coleman Nor’wood Limited, Inc. Group & Nor’wood Fund of Pikes Peak Community Michele D’Arcy Arpke Andie and Brian Doyle Wynne Palermo Foundation Strub-Heer Howard (Ward) Berlin and El Pomar Foundation Paula Pollet Strub-Heer Fund of Pikes Peak Community Karla Grazier Edith Fleming Gordon Price Rebecca Kilibarda Foundation Professional Transition The Bloom Foundation Larry and Barbara Gaddis Antonio (Tony) and Laura Strategies Bristol Brewing Company The John E. Lane Rosendo Celebration of Life Fund and Margaret L. Lane Nolan Schriner of Pikes Peak Community Foundation Mayor John and Janet Foundation J. McLaughlin Suthers Trustees Elected in 2019: Charlie Campbell and NAI Highland/ Jim Spittler Michele Strub- Heer and Heather Carroll, J.H. Edmondson Foundation Deborah Adams and Mike Suggs Jordan Strub Randy Case, Case International Company Chapman Foundations Ronda Nissen Robert Wrubel Pam Shockley-Zalabak, CommuniCom, Inc. Management LLC Katie Willemarck, United States Olympic Committee Cover Photo: Charlotte Howard with Atlas Prep Pikes Peak Community Foundation Scholarship Graduate Our collective generosity fuels a better community, now and forever OUR MISSION OUR PROMISE To inspire generosity, serve donors and mobilize An unwavering commitment to community. resources to effectively address issues facing the Pikes Peak Region. We are dedicated to powering the community through grant making, partnerships and research; together OUR VISION with our donors, we mobilize and align resources to A thriving, resilient community with the resources to support immediate and long-term needs for the ensure a vibrant quality of life for generations to come. health of our citizens. 2018 Facts & Figures 24 14 10 270 30 Funds 9% 14% 6% 70 $3,800,000 Dollars Granted 25% 28% 604 $69,000,000 Current Assets 2018 Top 5 Giving Areas 2018 Grants by Fund Type Community Services Donor Advised Funds $ Health & Human Services Designated Funds 117,000,000 Education Discretionary & Impact Funds Estimated investment in our Economic Development Scholarship Funds community since 1928 Faith Based Organizations Fiscal Sponsor Funds Field of Interest Funds Annual Report 2018 1928 1933 Colorado Springs CSCT Distribution Community Trust Committee begins (CSCT) Established grant making Pikes Peak Avenue c. 1898 $1000 grants $194,000 grants $20,000 assets $487,000 assets PPCF History Colorado Springs History 1872 1909 1936 1965 Fountain Colony Garden of the Gods Fine Arts Center The Colorado renamed Colorado gifted to City of Grand Opening Springs Center, Springs Colorado Springs to become UCCS, Garden of the Gods c. 1900 opens A.H. Hunt at First National Bank. Alice Bemis Taylor: the first female member of the Grants Distribution Committee , she served 1929 – 1942. Pikes Peak Community Foundation 1976 1996 2018 Arnold C. and Hazel Conversion of 90 Years of community B. Hatch Trust CSCT to Pikes investment! established, last of Peak Community initial 5 gifts to CSCT Foundation $117M estimated grant making Estimated original $2 Million grants $8.7M grants impact since 1928 gift $460,000 $4.7 Million assets $43M assets $69M assets 1978 2006 United States Colorado Springs Olympic Training population Center opens approaches John D. Hair’s sculpture “Olympic 400,000 Strength” at the U.S. Olympic Training Center in Colorado Springs, Colorado Our Charge: Build Community Capital For the five bankers who established the Colorado The original trustees understood that for their Our founding Springs Community Trust (CSCT) in 1928, General experiment in collective giving to endure, they 1928 Trustees: Palmer still loomed large. He was the city’s needed to attend to the problems of their day W.R. Armstrong founding father, a visionary and philanthropist. and have the flexibility to address issues in the Colorado Springs Though a number of others followed - Albert unknowable future. Today, our collective giving National Bank Carlton, Winfield Scott Stratton, Spencer and Julie approaches $4 million in gifts to organizations Arthur Sharp Penrose among others - our founders recognized that had yet to be conceived of in 1928. Exchange that to care for the health of the community it National Bank Soon after the original endowment was formed, would take more than one or a few charitable other notable community figures joined their A.H. Hunt families; it would take a collective. They First National Bank cause. Alice Bemis Taylor was the first woman established CSCT and created an endowment that to join the distribution committee, and upon would provide charitable capital to carry through E.J. Eaton her death, 12 years later she left a portion of Colorado all phases of the region’s growth. her estate to the Community Trust. In the years Savings Bank The city’s new generation of benefactors— since, citizens from all walks of life have done the J. Arthur Connell large and small—grouped their funds in same. No matter their wealth, they have all been Colorado Title the Community Trust and made their first committed to building community capital for and Trust distribution in 1933 to tuberculosis patients at this region. Sunny Rest Sanatorium; $455 for cod liver oil doses In the unfamiliar world to come, we have faith to “worthy patients.” in what guided us through the last century - the power of a united effort. Annual Report 2018 Together, we can introduce people to new ideas In 2018, the Fund for the Arts joined the Cultural Office of the Pikes Peak Region to produce the inaugural Peak Arts Prize which is a broad-based community contest to support local arts projects that amplify local art to new audiences. A rich life marked by pain and inspired by hope, Edith Eliyas lived a modest life, but left a remarkable legacy in the Fund for the Arts. Born in 1923, Edith escaped from Germany after her husband’s death during World War II. She fled to Poland with her infant daughter, who fell ill. Edith took her to a hospital, which burned down that night. Believing her Fund for the Arts, Peak Arts Prize, Large Arts Organization winner $7,500: Bliss Studio & Gallery will present welding and iron pour workshops daughter to be among the casualties, Edith left Poland for Participants will collectively create a public art sculpture, led by Jodie Bliss America, and settled in Colorado Springs. and her team. In 2005 a small Fund for the Arts was established however, in 2009, Edith left her property to Pikes Peak Community Foundation to establish a fund to support arts and culture organizations. Edith’s estate gift significantly increased the capacity of the Fund and since its founding the Fund for the Arts has made more than $540,000 in grants to arts organizations. Pikes Peak Community Foundation Together, we can have greater impact Annually, a group of local funders unite to research and invest in an organization that addresses a current community challenge. These funders include local family foundations, as well as donor advised funds that seek to leverage the impact of their grant making. They worked together to research needs and interview nonprofits. In 2018, they determined they could have significant impact funding programs that serve young people aging out of the foster care system. Giving Together awarded Fostering Hope $70,000 to Giving Together funders are Dakota Foundation, Leighty Foundation, expand their trauma informed care practices. Moniker Foundation, Petritz Fund, RNR Foundation, Strub-Heer Fund, and Pikes Peak Community Foundation. Together, we are prepared In the wake of a significant disaster, successful response and recovery depends on many partnerships. Collaboration between funders and the caring public is extremely important as it holds the power to organize funding
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