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Madison Community Foundation 2020 Annual Report

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Madison Community Foundation 2020 Annual Report Annual Report 2020 On the Cover The Downtown Street Art and Mural Project As the nation struggled to contain the coronavirus pandemic, it was further rocked by the death of George Floyd on May 25 while in the custody of the Minneapolis police. Floyd’s death set off protests across the nation, and around the world. In Madison, peaceful daytime protests were followed by looting in the evenings, which forced many businesses to shutter their storefronts with plywood. The Madison Arts Commission, funded in part by a Community Impact grant from Madison Community Foundation (MCF), responded to the bleak sight of State Street by creating the Downtown Street Art and Mural Project, which engaged dozens of local artists to use these spaces as an opportunity for expression and civic engagement. More than 100 murals, including the one on our cover, were painted in and around State Street, creating a vibrant visual dialogue addressing racism, memorializing lost lives and inspiring love. Artists participated in panel discussions and were highlighted in local and national media. “Let’s Talk About It: The Art, The Artists and the Racial Justice Movement on Madison’s State Street,” a book focused on the project, was produced by (and is available through) the American Family Insurance Institute for Corporate and Social Impact. In addition, several of the murals will become part of the permanent collection of the Wisconsin Historical Museum. MCF’s long-standing vision — that greater Madison will be a vibrant and generous place where all people thrive — is impossible to achieve without ending racism. We remain committed to this journey. Cover photo: Beth Skogen Photography. 1 | MadisonGives.org Photos on this page, from top: Beth Skogen Photography; ArrowStar Photography. Dear Friends, We hope you and your family are healthy and safe. 2020 was certainly a challenging year. Efforts to end the pandemic, confront racial inequity, adopt new ways of working, and navigate social isolation were at the forefront of all our minds. So was generosity. At a time when so many people felt vulnerable, their response was to help those who were more vulnerable. While the loss of program revenue was extraordinarily challenging for the hundreds of nonprofits that MCF works with every year, gift revenue in 2020 was strong for many. MCF had the same experience, and in fact saw another record year of contributions. It was also a year where MCF did some of its most creative and successful grantmaking — finding ways to leverage grant dollars for the greatest impact in our community. In one case, working with Scholz Nonprofit Law, we helped at least 170 nonprofits access more than $27 million in forgivable loans through the With our gratitude and best wishes, Paycheck Protection Program. In another case we worked with other funders and eight nonprofits to reach historically underrepresented Bob Sorge Enid Glenn populations to increase participation in the Census. Every person counted ensures an additional (approximate) President & CEO Board Chair $20,000 in federal funding for our community over the following decade. Over 1,000 people filled out the Fundholder Legacy Society Member forms through these efforts, representing a minimum of $21 million in funding (likely much higher as many Legacy Society Member of those forms covered more than one person). Between MCF grants, fundholder distributions and supporting organizations, the community’s foundation distributed more than $29 million last year. Without you, our donors and fundholders, none of this would be possible. And together with you, we met the challenge of 2020 with generosity, creativity and strength. We are grateful for your support. As you read this annual report we hope you are proud of what we accomplished, together. $96,600 $500,000 $5 GIVEN TO THE LARGEST GIFT TO AN SMALLEST GIFT TO AN COVID-19 FUND MCF-DIRECTED FUND MCF-DIRECTED FUND 2020 Annual Report | 2 Meet the Staff MCF 2020 The MCF staff is committed to At a Glance supporting you: our community, our donors and our fundholders. Andrew Davey Angela Davis Community Program Development Director Analyst INDIVIDUAL 518 FUNDHOLDERS 491 NONPROFIT AND GRANTS TO SCHOLARSHIP 2Ý0±a NONPROFITS ENDOWMENTS Becki Fiegel Carmen Jeschke Tina Klehr Darcy Kobinsky Communications Vice President, Database Specialist Stewardship Director $2b Million GRANTS DISTRIBUTED Director Finance & Operations 265 $355 Million LEGACY SOCIETY TOTAL ASSETS OF MCF AND MEMBERS SUPPORTING ORGANIZATIONS David Koehler Tom Linfield Brenda Redepenning Harmony Kronick Vice President, Vice President, Administrative Coordinator Operations Director Donor Engagement Community Impact & Receptionist INCREASE IN THE NUMBER OF 24% DONORS TO MCFDIRECTED FUNDS $72 Million GIFTS RECEIVED Liz Teubert Bob Sorge Connie Tibbetts Executive Assistant & President & CEO Accountant Scholarship Coordinator 3 | MadisonGives.org Meet the Board Mission To enhance the common good of Governors through philanthropy. The Board of Governors ensures that Vision MCF operates by its values, accomplishes Enid Glenn Roberta Gassman Chair; Retired – Deputy Vice Chair; Senior Fellow, Greater Madison will be a vibrant and its mission and succeeds in its vision. Administrator, WI Dept. of UW Madison School of Workforce Development Social Work generous place where all people thrive. Values INTEGRITY We create trust by acting with transparency. Jeff Bartell Christine Rew Barden Shiva Bidar Jim Cavanaugh GENEROSITY Retired – Founding and Shareholder, Reinhart Trusts Chief Diversity Officer, Retired – President, Managing Partner, Quarles We inspire giving to improve our world. and Estates Practice UW Hospital & Clinics SC Federation of Labor and Brady EFFECTIVENESS We identify opportunities, align actions and produce results. PERMANENCE We build endowments to create Anne Lucke Gary Mecklenburg a legacy for the future. Jack E. Daniels III Al Friedman Chief Development Officer, Retired – President & CEO, President, Madison College Consultant, ACF Global Wisconsin Foundation and Northwestern Memorial Alumni Association HealthCare and Hospital EQUITY We advance fairness, inclusion and respect. Ron Mensink E.G. Schramka Blaine Renfert Dave Stark Retired – Managing CPA, Lawyer and Principal, General Council, Sub-Zero President, Stark Company Director, State of Wisconsin SVA Certified Public Group, Inc. Realtors Investment Board Accountants 2020 Annual Report | 4 Helping Pave the Way for Others to Succeed After Verona Morgan’s husband Julius passed away, she and her four daughters knew exactly what they wanted to do to honor his memory: create a scholarship in his name. “I made that decision right away,” Verona shared about establishing the Julius Morgan and Verona L. Morgan Scholarship. “Julius believed that education is the foundation for everything in life, especially for young men and women of color.” As the first African American programmer analyst in the David Koehler Wisconsin Department of Industry, Labor and Human Vice President, Relations, Julius often found that, despite the extensive Donor Engagement computer training he received during his 12 years in the Air Legacy Society Member Force, people often were unwilling to accept his expertise. At the same time, Verona was advancing in her career at Wisconsin Telephone Company. “I discovered abilities I “Generous donors — small had no idea I had,” Verona explained. “Being an African and large — provided American woman and supervising men was tough, but I She saw that working with the two organizations together hope and resilience for our really wanted to excel. So when I heard Edgewood College would provide everything she needed for the scholarship fund. community this year. We was setting up a weekend degree program, I looked into it “I chose to work through Madison Community Foundation were humbled to welcome and signed up.” And Julius went with her. to set up the fund, but to have Women in Focus choose the 43 new funds, 12 additional recipient each year and award the scholarship.” “Julius had an opportunity to continue his education and Legacy Society members see the benefits that came from that,” Verona explained. The Julius Morgan and Verona L. Morgan Scholarship fund and a record number of “The girls and I wanted to honor him, so we set up the has already been able to award its first scholarship, to an donors supporting MCF’s scholarship for a young African American man involved in East High School graduate. Priority, COVID-19 and computer science, because that’s the field Julius worked in. Community Impact funds. “I read his resume, and right away I knew,” Verona recalled. Julius knew what young Black men have to go through to “He had started taking computer classes in high school, and become successful. We want to help others along so that already had worked as an intern. I said, ‘I’m glad this young maybe they will have to struggle less.” “ man received our scholarship.’” It was through her work at Women in Focus, Inc., an organization that works to encourage and support students of color to succeed in education, that Verona was introduced to Madison Community Foundation. 5 | MadisonGives.org Helping Women Make Change When Mary Strickland and Meg Prestigiacomo started their careers in wealth management, women in the financial services world were few, and women investors were even fewer. But over the past 20 years, they have both seen big changes. “Women are relatively new to accumulating wealth and having their own money to invest or donate. It used to be that their husbands dictated everything,” Mary explained. But as more women moved into well-paying careers, or were taking control of their own finances after the death of their husband or divorce, that Mary Strickland Meg Prestigiacomo started to change. “So we started having these seminars for women to learn about investing.” Both Meg and Mary focus on helping their clients create a financial plan that “Over the years, we’ve discovered that women are really good at looking at the is consistent with their values and goals. “Our clients want to give back to bigger picture,” Meg added, “and investing for the long term.
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