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The Greater Kanawha Valley Foundation 2020 Annual Report

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The Greater Kanawha Valley Foundation 2020 Annual Report Mission Vision Based on input from the community it serves, TGKVF makes thoughtful We envision a forward-thinking and closely connected community that and proactive investments that help grow the multiple forms of wealth fearlessly works together to promote the prosperity of all. necessary for our community to thrive. These forms of wealth include the individual, intellectual, social, cultural, political, natural, built, and financial assets within our community. Values Lead with integrity and respect for all. Act with a long-term perspective. Build on our community assets. We build on We serve our community with integrity, We take a long-term approach to our the strengths of our community while fostering compassion, respect and thoughtfulness. investments by creating lasting cycles innovation and connections that improve the of wealth for the entire community. livelihoods of all people in our area. Contents President & Chairman’s Message 2 TGKVF COVID-19 Crisis Response 32 Change Makers 4 Investment Portfolio 37 Keep Your Faith Corporation 6 Contributors 38 West Virginia Women Work 8 Professional Advisors 41 Legal Aid of West Virginia 10 Why Donors Give 42 Kanawha Valley Collective 12 Types of Funds 44 FestivALL 14 New Funds 46 Scholarships 16 Funds Administered by The Foundation and Subsidiary 47 Affiliate—Boone County Community Foundation 18 Board of Trustees and Directors 54 Grants 22 Foundation Staff 58 Building Bridges Leadership Institute 27 Committees and Task Groups 59 Summit on Race Matters 28 Seek excellence. We seek excellence in Advocate for inclusiveness. We believe Promote collaboration. We work ourselves and our organization, and support in transparency, acceptance, and the to create genuine, honest, and mutually and encourage all of our partners to create celebration of diversity. supportive relationships with and among all optimal impact through their work. of our stakeholders. Cover photo: Charles Jupiter Hamilton painting as part of the interstate Peer-to-Pier program. Photo courtesy: Jeff Pierson Letter from the President and Chairman As we reflect on 2020 and the events that will undoubtedly leave indelible • After Dupont Hotel, LLC completed a thorough renovation of the marks on our psyche, hope still springs eternal. Since its founding in 1962, former B&B Loans Building located at 178 Summers Street in The Greater Kanawha Valley Foundation’s primary purpose has been to Charleston, we moved in and set up our new office space late last assist and support individuals, families, businesses, and communities fall. We are thrilled to bring new life to this historic building and throughout the area in achieving their unique philanthropic goals. thankful for the generosity of an anonymous donor who covered We stayed true to our purpose through the 2020 public health pandemic. the furnishing expenses for our new space. • The Foundation’s Scholarship Program invested $830,155 in 370 Even at the height of the pandemic, the Foundation’s donors did not West Virginia college students. Additionally, The Bridge of Hope waver in their engagement and generosity. Donors contributed $3.6 fund–a scholarship fund established by Lynne Fruth of Fruth million to discretionary, donor-advised, donor-designated, field-of-interest, Pharmacy for people in recovery from substance use disorders– and scholarship funds. Out of this amount, $1,365,641 was designated awarded 19 scholarships. Michelle Foster, Ph.D. specifically for COVID-19 relief. Additionally, 38 sponsors contributed • Donor-advised and donor-designated funds housed at the President and CEO $112,750 to the Summit on Race Matters in West Virginia, and nine Foundation contributed $8.3 million through 825 grants donors established new funds over the course of the year, bringing our to support programs in our six-county region and beyond. total number of funds to 542. At the end of 2020, the value of our assets • The Foundation invested $4.5 million through its totaled $304.7 million. discretionary grantmaking in 144 programs having a long-term impact on thousands of individuals in TGKVF’s This generosity demonstrated by our donors, along with robust growth in six-county region. the stock market, enabled the Foundation to continue its essential work • One organization, Good News Mountaineer Garage, is primarily within our six-county footprint, but also across West Virginia working to close the transportation gap by facilitating through specific, targeted initiatives. The Foundation’s grantmaking for the access to affordable automobile loans for low-income year totaled $12.8 million, with awards in the areas of Education, Health, workers and their families. This program prepares Community Economic Development, Arts and Culture, Basic Needs, and participants for the financial responsibility of owning a COVID-19 Relief. Read the stories of some of the lives changed by these vehicle and ensures they can manage the commitment grants in this annual report. successfully. By leveraging state tax credits, Good News Mountaineer Garage offers financial training, counseling, Some 2020 highlights include: and low-rate financing, in addition to providing between 9 Todd Mount and 14 vehicles annually to workers in TGKVF’s region. Chairman • The Foundation completed the consolidation of most of our assets • Another organization, Religious Coalition for Community into custodial form, which will save approximately $375,000 in Renewal, is working to open a new Transitional Storage bank fees annually. Facility for individuals experiencing homelessness in Charleston. Individuals experiencing homelessness face 2 severe barriers in seeking employment, We offered two criminal justice grant information sessions, going to work, and accessing social services two program evaluation sessions, a session on nonprofits because they are forced to carry their surviving a recession, and another that provided grantwriting belongings with them everywhere they tips for understaffed organizations. In addition, we offered go. The new, fully-staffed storage facility, the six-session Building Bridges Leadership Institute (BBLI). located at Marks United Methodist Church Guided by input from our nonprofit partners, BBLI topics on the East End, will offer safe and secure included: storage solutions for this underserved • Getting to Know Your Personality Type with Bruce community when it opens later this year. Decker; • A total of 12 Arts & Culture grants will serve 50,195 • Remote Work Management with Nicole Sanchez; individuals, 14 Basic Needs grants will impact • How to Create New Virtual Work Relationships in Our 60,490 individuals, and two Special Initiative New Virtual World with Patrick Patterson; grants will benefit 1,450 individuals. In addition, 39 • Program Sustainability During Challenging Times with proactive, collaborative grants were awarded to serve Rachel Hackett and Kimberly Prewitt; 56,449 individuals. • Financial Management for Nonprofits with Kelly • An anonymous gift of $1 million was distributed to Shafer; and seven dental, 15 emergency aid, and 16 COVID-19 • Ambitious Humility: Making Leadership Offers that programs, directly helping more than 60,000 people. Build Bridges to Other Organizations with Will Carter. • Overall, the Foundation distributed a total of $1,365,641 to support 52 COVID-19 Relief An average of 30 nonprofit leaders attended each session, programs, including the 16 programs mentioned all of which included time for peer-to-peer learning. Bruce above. Decker masterfully facilitated the series for the Foundation. • Through our partnership with the Chan Zuckerberg Initiative, we awarded six grants totaling $743,500 On behalf of the thousands of West Virginians positively for State Justice Accelerator projects. impacted by The Greater Kanawha Valley Foundation’s • The Foundation hosted the Summit on Race Matters grantmaking and capacity-building efforts this year, thank you in West Virginia, a virtual, awareness-raising series to our donors for your generosity and engagement towards a that reached 1,519 individuals over six months. better West Virginia. The Foundation is more than just a source of funding. In 2020, we seized the virtual learning opportunity that the Zoom platform offered during the COVID-19 pandemic. Delyht Williams, participant in the Charleston Job Corps workshop 3 held by Office of Public Art-City of Charleston. Photo courtesy: Jeff Pierson The five organizations we have selected to highlight have exceeded our expectations in terms of innovation, resilience, and collaborative strategy. 4 Each year The Greater Kanawha Valley Foundation We are excited to recognize each organization, honors organizations that are making positive showcase their work, and share their impact with changes in the communities we serve. others as an example to watch. While all of our grantee partners show dedication Judging criteria included leadership, long-term and perseverance in the face of our region’s approach, organizational effectiveness, and challenges, the five organizations we have selected field expertise. to highlight have exceeded our expectations in terms of innovation, resilience, and collaborative You’ll find accompanying videos for the 2021 strategy. honorees at https://tgkvf.org/news-and- publications/videos/ Honorees Past and Present 2021 Keep Your Faith Corporation 2019 Future of Nursing West Virginia West Virginia Women Work Step By Step Legal Aid of West Virginia Community Access Kanawha Valley Collective FestivALL 2018 Faith in Action of the Greater Kanawha
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