Let Your Legacy Make a Difference in Chester County
Total Page:16
File Type:pdf, Size:1020Kb
AN2NU0AL0 RE9PORT Let your legacy make a difference in Chester County The Lincoln Building | 28 W. Market Street | West Chester, PA 19382 610.696.8211 | www.chescocf.org | email: [email protected] LET YOUR LEGACY make a difference IN CHESTER COUNTY Annual Report Credits Design Firm: The Merz Group Printer: Offset Impressions Photo Credits: Scott Rowan Mailing: M R Direct Y C A G E L WHAT IS A COMMUNITY FOUNDATION? COMMUNITY SUPPORT for generations LEGACY PHILANTHROPY . 2 Established in 1994, the Community Foundation builds community assets for perpetuity. The Community Foundation is entrusted with GRANTS, SCHOLARSHIPS & AWARDS . 4 substantial amounts of money over time from the contributions of people of significant wealth and modest means. The Community FUNDS . 10 Foundation uses the income from these funds, in the form of grants, to meet the community’s charitable needs now and into the future. DONORS, SPONSORS & LEGACY SOCIETY . 21 Most of the funds at the Community Foundation are endowment funds. An endowment fund is a permanent fund that creates a INVESTMENTS . 36 sustainable flow of grant dollars forever. Through prudent investment, both the body of the endowment and the distribution available for PERSONNEL . 38 grantmaking increase over time. FINANCES . 40 The Chester County Community Foundation has three unique features: local expertise about important projects and programs that are making a significant difference in Chester County personalized service to donors who want to maximize the impact of their contribution; and community convener for issues that benefit from partnerships. With the support of those who care about Chester County, we will continue to grow and enhance the quality of life for all who live and work in Chester County. 1 THE POWER OF legacy philanthropy While the world braced itself and endured difficult economic times in 2009, we at the Community Foundation were heartened to see that our base of support came through strongly. In an encouraging sign of the goodness of humankind, generosity prevailed when people needed it most. This year, the Community Foundation awarded $1,555,352 to the community, via 382 grants and 129 scholarships. Our donors created 28 new funds this year, which is more than the number created last year. This brings the total number of funds under the Community Foundation’s umbrella to 288. And although our total donation dollar level was lower, the number of donations was higher. 3,962 generous donors contributed $3.0 million to our family of funds--this is a 45% increase in the number of donors. More people gave somewhat more modest amounts, while our base of support diversified and grew. Planned giving and bequests increased, due to the Community Foundation’s ever-growing relationships with planned giving professional advisors and the long-term commitment of generous legacy donors. The Community Foundation also initiated research to become more proactive with younger philanthropists. The Next Generation Task Force will increase charitable involvement, grantmaking, and legacy fund creation by more effectively engaging people aged 25-45 in philanthropy. Co-chaired by Meghan McVety and Richard Clark, you will see more of this initiative as pilot programs launch during 2010. We thank each of our fund advisors and fund donors for their generosity. We are also grateful to those who contributed to the Community Foundation’s own annual fund via our Sweet Charity event at Waterloo Gardens, our Charity Golf Outing at Hartefeld, and our annual Friends campaign. We also developed new partnerships with our premiere issue of Exclusively Chester County, our highly respected publication which features Chester County’s finest businesses with a social conscience. Why do individuals, families, nonprofits and community groups increasingly turn to the Community Foundation? In addition to customized, personal service and local expertise, the Community Foundation works with each of its fund donors to: I focus charitable goals, values and mission I understand where charities fit into the world, and what they accomplish I learn more about community issues I select high-performing charities that meet each fund donor’s interests and priorities; and I make grants to help improve the community in areas that are important to each individual. We invite you, your family and friends to get involved. Feel the significance and joy of charitable giving. Please join us and create your own Chester County legacy. For Good. Forever. Sincerely, Louis N. Teti, Esq. Karen A. Simmons Chair of the Board President/CEO 2 Handi-Crafters Missionaries of Charity Southern Chester County Day Care Grants, Scholarships & Awards Harvey Kaufman Memorial Scholarship Fund Muscular Dystrophy Association Association Haverford College National Multiple Sclerosis Society Special Olympics PA/Chester County Program The strength of the Chester County Community Foundation is in its power to change peoples’ lives. Each year, hundreds of Heart of Variety Fund-The Children’s Charity New London Presbyterian Church St. Agnes Outreach Services organizations—and thousands of people—are touched through the generosity of our donors. The Hickman New York City Relief St. Elizabeth Mission Society Our donors establish grantmaking funds at the Community Foundation. The majority of grant decisions are made by the Historic Kennett Square Nothing But Nets St. Mary’s Franciscan Shelter families and individuals whose funds the Community Foundation hold in trust. The Community Foundation also grants a Hope International Nottingham County Park St. Mary’s School modest amount from its Fund for Chester County, based on decisions made by a volunteer Grants Committee. The typical House of His Creation Open Hearth St. Peter's Lutheran Church grant size averages $3,500. Housing Partnership of Chester County Opportunity International Stroud Water Research Center In Company with Angels Oxford Area Neighborhood Services Center Tasis Foundation During FY2009, $1,555,352 in grants and scholarships were awarded this year to address needs in our Interfaith Housing Assistance Corporation Oxford Educational Foundation Tatnall School community: 382 grants totaling $1,413,765 and 129 scholarships totaling $141,587. International Rescue Committee Oxford Senior Center Thirteen/WNET Jenkins Aboretum Peacemaker Center Thorncroft Equestrian Center Jenner's Pond Penn State Cooperative Extension/Chester During FY2009, the Community Foundation Charles A. Melton Art & Education Center Cystic Fibrosis Foundation Delaware Valley Tick Tock Early Learning Center Juvenile Diabetes Research Foundation County 4-H proudly awarded grants to these nonprofits. Chemical Heritage Foundation Chapter Upland Country Day School Due to space limitations, only grants over Kelly Anne Dolan Memorial Fund Pennsylvania Bible Society Chester County 2020 Daemion Counseling Center Upper Main Line YMCA $500 are listed: Kenn Parc Pennsylvania Family Institute Chester County 4-H Devereux Kanner USA Deaf Sports Federation A Front Row Seat to Learning Kennett After-School Association-After the Bell Pennsylvania Home of the Sparrow Chester County Art Association Dickinson College Valley Forge REACT AAUW, Bethlehem PA Branch Kennett Area Community Services Pennsylvania State Paddle Championships Chester County Community Dental Dikembe Mutombo Foundation Volunteer English Program AAUW, Garrett MD Branch Kennett Area Park Authority Anson B. People's Light and Theatre Company Chester County Council, Boy Scouts of Domestic Violence Center of Chester County The Wentworth AAUW, Makefield Area Branch Nixon Park Peter's Place America Downingtown Area Communities That Care c/o West Bradford Fire Police AAUW, North Shore NY Branch Upper Main Line YMCA Kennett Area Senior Center Philadelphia Zoo Chester County Department of Human West Chester Area Senior Center AAUW, NE Montgomery County PA Branch Services-Chester County Food Bank Downingtown Middle School Kennett Area YMCA Phoenixville Area Community Services West Chester Civic Association AAUW, Rockland County NY Branch Chester County Department of Human East End Neighborhood Association Kennett Fire Company #1 Phoenixville Community Education Foundation West Chester Recreation Department Aid for Friends Services-Chester County Gleaning Program East Goshen Township - Parks & Recreation Kennett Run Charities Phoenixville Healthcare Access Foundation West Chester University Colleges Alliance Defense Fund Chester County Department of Human Kennett Symphony of Chester County Phoenixville Homes East Pikeland Township Against Cancer Alliance for Better Housing Services-West Chester Food Pantry Kennett Underground Railroad Center Planned Parenthood of Chester County Episcopal Diocese of Pennsylvania Presbyterian Church American Cancer Society Chester County Economic Development La Comunidad Hispana Pop Warner Little Scholars Foundation Evergreen State College Foundation Westtown School American Center for Law & Justice Lancaster Bible College Pottstown Cluster Outreach Center Chester County Fund for Women and Girls Fairville Friends School Wharton Esherick Museum American Family Association Lancaster Christian School Primitive Hall Foundation Chester County Futures Family Research Council WHYY-TV12 American Heart Association Lancaster Theological Seminary Priority One Foundation Chester County Health Department/Nurse Family Service of Chester County Wilderness Society American Tinnitus Foundation Lifeline Family Center ProNica Family Partnership First Presbyterian Church William