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Annual Report 07.Pdf 1 In 2007, 30 delightfully painted fi berglass colts made thropic efforts and the generosity of its donors. their debut at locations around Terre Haute, inject- Ms. Vassil’s whimsical references to grantmaking ing, as the Tribune Star put it, “energy, enthusiasm, are incorporated into this horse of many colors–a color and spirit into the community.” mortar board for the Foundation’s This public art exhibit, “Horsing support of scholars and education, a Around in Terre Haute,” was a fund- fi reman for its grants to area volunteer raising project of the Swope Art fi re departments, a pair of children for Museum. The colts sported vibrant, its nurturing of youth programs, and varied designs and refl ected themes so on. designated by their sponsoring local Sponsoring “Philly-anthrophy” was 2 businesses and organizations. one way for the Foundation to sup- It was in the spirit of such “philly- port the Arts in our community. The anthropy” that the Wabash Valley next three pages offer more examples Community Foundation sponsored of how donors, through the Commu- a colt, created by artist Darlene nity Foundation, have increased public Vassil to symbolize the multitude of community awareness of the Arts and expanded opportunities for programs that benefi t from the Foundation’s philan- artists to enrich all our lives. Mission Statement Table of Contents The Wabash Valley 3 Letter from the President 5 The Importance of the Arts in Vigo County Community Foundation Inc.’s 8 Dr. Charlotte M. Boener - A Gift for Teaching mission is serving 9 The Role of the Financial Advisor our donors and communities 10 Make a Gift to Make a Difference 12 Types of Funds through philanthropic 14 Funds Listing leadership. 19 Grants and Scholarships Listing 28 Financials 29 Serving Clay County 32 Memorials and Tributes 34 Serving Sullivan County 37 Donors Listing 41 2007 Board and Committees It is most appropriate to have our adopted colt, “Philly-an- While keeping our money invested locally, our fi nance com- thropy,” grace the cover of the Wabash Valley Community mittee recommended, and our board of directors approved, Foundation’s 2007 annual report. “Philly” sets the tone for the hiring of Fund Evaluation Group (FEG) as an investment what we are all about–increasing the well-being of our com- consultant. FEG has extensive experience in advising commu- munities by charitable aid. I have been infl u- nity foundations and currently manages the enced through the years by my parents, my investment portfolio for 23 Indiana foun- religion and my employers to give back to dations. The board feels this decision will my community so that others can share what result in improving the return on our invest- God has given me. What better way than by ment for the benefi t of the community. giving to the Community Foundation where a gift will, in a sense, give forever. I would be remiss if I did not express my appreciation to our volunteer board and As our contribution to the Swope Muse- committee members who support the um’s “Horsing Around” fundraising effort, efforts of our hardworking staff throughout 3 “Philly-anthropy” visually demonstrates the the year. As you look through this year’s ways our donors’ contributions help our Annual Report you will see that “Philly-an- communities For good. For ever.® It is a thropy” is alive in the Wabash Valley. We reminder to all of the many ways the Foun- could not have helped so many people in dation’s donors support the areas of arts and Clay, Vigo and Sullivan counties without culture, community development, education, the incredible generosity of our donors. health and human services, religion and youth. It is their confi dence in the Foundation that has kept us moving forward. Thanks to our donors, the Foundation has experienced tre- mendous growth during the 2007 fi scal year. Our assets have reached $29 million. We received the second largest single gift in our history–the bequest of Dr. Charlotte M. Boener of more than $1.2 million, which will fund eight to 10 scholar- Patrick H. Cahill ships for Indiana State University students studying to become President elementary and middle school science teachers. 4 The importance of the Arts to the residents of We were very fortunate to have placed our endowment Vigo County and the Wabash Valley is apparent funds with the Foundation and to have received match- and growing. Our local art institu- ing grants from the Lilly Endowment tions–the Swope Art Museum, the on two separate occasions. The income Terre Haute Symphony, Arts Illiana, from the Swope Endowment and from and Community Theatre–have long funds such as the Marilyn Wheeler Pen- enriched the cultural lives of all dergast Fund provides the security neces- residents. Funding from the Wabash sary to offer and expand our programs. Valley Community Foundation The growth of these funds under the assures that the variety of artistic management of the Wabash Valley opportunities continues. Community Foundation has provided 5 a steadily increasing fl ow of monies so From the former director of the vital to our operation. Swope Art Museum The Swope Endowment is one of the As director of the Swope Art Museum, larger agency funds in the Wabash colt. I was gratifi ed by the support the Swope Valley Community Foundation, and it continues to grow. the receives through endowment funds established by our pa- Although we have been fortunate to have several very on trons as well as from specialized endowments and grants generous donors, a large part of the growth is attributable from the Wabash Valley Community Foundation. Those to gifts, memorials, and honorariums from and on behalf painted grants make it possible for us to enhance the role of the of patrons of the Arts and the Swope in particular. Swope in the community. David L. Vollmer illustrations Immediate Past Director, Swope Art Museum the of view Detailed THE IMPORTANCE OF THE ARTS IN VIGO COUNTY In addition to the Swope Endowment Fund and the Pendergast Fund for the Swope, the Museum also benefi ts from restricted funds established by family and friends of artists. The John Rogers Cox Preservation Fund The Danette Angermeier Memorial Fund The Thomas L. Francis and Connie L. Francis Endowment Fund for the Sheldon The John Rogers Cox Preservation Fund was estab- The Danette Angermeier Memorial Fund was es- Swope Art Museum lished in 1998 by the Cox family in memory of former tablished in 1999 after the untimely death of Terre Swope director and renowned Terre Haute artist, John Haute photographer Danette Angermeier. The fund The most recent endowment established for the ben- Rogers Cox. The annual income from the fund is dedi- was set up to provide an ongoing source for a merit efi t of the Swope Art Museum comes from Tom and cated for the preservation and/or restoration of art in award in Ms. Angermeier’s memory. This award is Connie Francis, long-time supporters of the Arts and the collection. given at the annual Wabash Valley Juried Exhibition the Swope in particular. Through their generous gift, to distinguish a deserving artwork in any medium. the museum will receive the distribution as “support David Vollmer, Director of the Swope, explained the Ms. Angermeier was a graduate of the Indiana State to carry out its role and mission as described by its importance of the Cox Fund to the museum: “The University Master of Fine Arts program and a local governing documents.” Mr. Francis, a member of the artist working in photography. Board of Managers of the Swope, designed the gift as 6 Cox Fund allows us to have a regular, planned con- servancy of the collection. Each year selected works an unrestricted agency fund whereby the leadership of are sent to the Indianapolis Art Museum for profes- the museum has the fl exibility to utilize the income to sional restoration. This is something we were not meet the museum’s ever-changing priorities. able to do on a regular basis before. The family and friends of Mr. Cox continue to allow us to ex- pand our preservation program and protect many important works within the gallery.” My Magnolias, photograph, 1990, by Danette Connie and Tom Francis, long time supporters of the Arts Angermeier. Gift of Dr. Barbara Weinbaum in memory of and the Swope Museum. Jack G. Weinbaum, M.D. THE IMPORTANCE OF THE ARTS IN VIGO COUNTY Arts Illiana A grant from the Wabash Valley Community Founda- to Terre Haute, the Wabash Valley Community Foun- tion has allowed Arts Illiana to expand and improve its dation has shown again a strong dedication not only For the past 27 years, Arts Illiana has served as the bi-monthly newsletter. The major service area for the to the Arts but also to the important part they play in arts council of the Wabash Valley. Its mission is publication includes Vigo, Clay, Parke, Putnam, Sulli- our lives. “to promote, support, and enhance the Arts and van, and Vermillion counties. By funding the re-design cultural activities in the Wabash Valley.” Arts Illiana is and expansion of the Arts Illiana newsletter, the Com- Composite House for Terre Haute was inspired by the central hub of information for both organizations munity Foundation supports increasing public aware- the architectural design of many homes in the Wabash and area patrons. ness of the Arts and the many opportunities which are Valley. Created by Lauren Ewing, a nationally known available in our area. artist and professor of art at Rutgers University, the One of the more challenging tasks facing the staff at sculpture is “about giving something back to the area Arts Illiana is to make the public aware of all cultural ArtSpaces and the Composite House of where (she) learned a great deal about art and culture events while competing with other news and activities Terre Haute of the community.” 7 in the Wabash Valley.
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