2017 ANNUAL REPORT EMPOWERING THE FUTURE President’s Thoughts

“Alone we can do so little, together we can do so much.” – Helen Keller

Our community is very under the mentorship of Sara Black Moses. Comprised fortunate that several of students from Burke’s four high schools and home individuals had the vision schools, the group meets regularly to learn about to come together and philanthropy and the grant cycle in which they determine create The Community recipients. What a great experience this is for our youth! Foundation of Burke County (CFBC) in Former CFBC Board Chair, Chip Black, noted in the Kelle Huffman 2001. This was a time 2016 report that our community is in the process of when our nation faced unforeseen challenges and the securing a public transit system. When anticipated financial markets struggled. How discouraging this funds were not received as expected, numerous must have been for the founders. Undaunted, they organizations in the community collaborated; now, persevered. Today, the Board of Directors has the this project is nearly funded. A limited bus route oversight responsibility for over 100 endowed funds. may start as soon as late summer. The Foundation The Foundation continues to demonstrate an excellent continues to evaluate the emerging needs of our investment discipline strategy. community and is working with other organizations to fund solutions. Another vision of members of the community was the establishment of “Believe in something larger than yourself and get The Burke Women’s Fund (BWF). Burke involved in the big ideas of your time” – Barbara Bush Women’s Fund was created in 2009 by a group of 15 women. The mission is to gain an understanding of the issues related to women and families of Burke County. One of my favorite I would like to thank everyone who supports our community events each year is the BWF’s s celebration community and the Foundation. I would also like event. In 2017, the event featured Dr. Leslie McKesson to encourage you to contact the Foundation office whose topic was “gRaCE: Growing Racial and Cultural or me if you would like to learn more about the Empathy.” Since BWF’s inception, the total amount Foundation and how to make a difference in awarded to grant recipients has been $272,459. our community. The most recent vision of the Foundation is to develop Sincerely, and energize the new generation of philanthropists, Kelle Huffman

Mission Statement

To encourage, develop and participate in philanthropy by providing flexible giving opportunities, professional support and responsible stewardship for the benefit of donors and qualified recipients. Board Members Elizabeth W. Andrews Kelle B. Huffman Rev. Diana Spangler- John F. Black, Jr. Naomi W. Hunt Crawford Chris T. Brittain M. Alan LeCroy Benjamin S. Succop Phillip E. Church Martha McMurray-Russ David R. Wiese J. Rountree Collett, Jr. J. Mark Rostan V. Otis Wilson, Jr. John N. Heilman Board Members Emeritus John T. Branstrom C. Michael Fulenwider W. Harold Mitchell William M. Brinkley Doris L. Fullwood Barbara C. Norvell Cynthia H. Callaway Susan L. Haire Susan C. Pollpeter Sterling R. Collett, III Charles E. Horton James H. Rostan P. Paul Deaton Jack B. Kirksey Derinda P. Stiene Elisabeth C. Ervin James E. Lowdermilk Robert T. Turner, II John W. Ervin, Jr. Donald J. McCall Edward D. Wall Le N. Erwin Nettie M. McIntosh Emily Williamson Gangi J. Hugh Fletcher Marcus W. H. Mitchell, Jr. Otto H. Woerner Community Committee Members Amparo R. Alfaro Susan L. Haire Jerry T. Norvell Dan A. Boggs Frances M. Hildebran Susan C. Pollpeter John T. Branstrom Douglas C. Hall Jason M. Pope R. Mark Buff Bruce N. Hershock James H. Rostan James A. Cornelison Hannah M. Johnson Mary Charlotte Safford Emma R. Draughn George K. Logan Frederick L. Schuszler Dana S. Elliott Lisa Miller Earl B. Searcy III John W. Ervin, Jr. Mark K. Miller Louis E. Vinay Doris L. Fullwood Marcus W. H. Mitchell, Jr.

3 Executive Director’s Remarks In 2017, the Community students were welcomed into the Burke Youth Organized Foundation of Burke Philanthropists. Under the leadership of Volunteer County (CFBC) focused Director Sara Black Moses, the group developed on the growth and knowledge of nonprofit organizations and enhanced educational components its ability to responsibly evaluate grant requests while of its strategic plan. honoring donor intention. Throughout the year, CFBC continued its work of providing educational opportunities were explored opportunities for local nonprofit leadership. The to develop new donor Foundation conducted its annual educational needs Nancy Taylor relationships. Those efforts assessment. Also, CFBC worked in partnership with the generated ten new endowed funds which are advancing Western Piedmont Community College Small Business and promoting the mission of the Foundation. These Center and WNC pathways to create instructive learning new endowed funds include five scholarship funds, opportunities for Burke County nonprofit leadership. two unrestricted funds, two donor advised funds and Our Annual Report provides you with the stories and one designated endowed fund. All of these funds were faces of the people who have contributed to the progress established to directly benefit the residents and nonprofit and growth of the Foundation. Throughout the year, I organizations of Burke County. was constantly reminded of the vision of our Founders and their inspiring commitment to serve the people and The Board of Directors advanced its commitment to organizations of Burke County. educating our youth about the values and benefits of philanthropy. Sixteen Burke County high school It remains my privilege to be a part of this organization.

Learn more about the Community Foundation If you know a group that might enjoy learning about us, please contact Nancy W. Taylor at 828-437-7105. We have a brief 15-20 minute presentation that explains how the Foundation works and how anyone can become a philanthropist.

4 Burke Youth Engage 2017 – 2018 BYOP Members in Philanthropy Tripp Causby Kacey Johnson In 2017, Burke Youth Organized Philanthropists Gabriel Eggers Beth LeCroy (BYOP) entered their second year of operation. Raquela Francisco Sam Miller The program is open to Burke County ninth- Will Gessner Madison Reed twelfth grade students who are enrolled in Burke Dorian Gregory Micah Robinson County Public Schools or recognized homeschools. Bennett Hall Bridger Scoggins The Volunteer Director is Sara Black Moses, a Sterling Hall Harrison Seagle native of Burke County. Graleigh Hildebran Dean Tullis BYOP completed its first competitive grant cycle in May of 2017 and awarded four grants to organizations that offer programs/projects impacting the lives of children, ages 0-18, and their families. Recipients of the grants were: Burke United Christian Ministries (funding to purchase shoes for children); First United Methodist Church, Valdese (funding for its backpack ministry); Good Samaritan Clinic – Teeth In Need Program (funding to provide dental care for children); and Southmountain Children and Family Services (funding to purchase a defibrillator for the Advocacy Center). Applicants for the 2017-2018 BYOP year were interviewed for membership in the program in June. Students were selected and their work began in 2017 BYOP Grant Recipients August. Throughout the remainder of the year, the Wendy Jodry - Southmountain Children & Family Services program participants gained knowledge about local David Burleson - Burke United Christian Ministries nonprofits, financial operations of nonprofits and the Nancy Ferguson Brown - Good Samaritan Clinic needs of Burke County children and their families. Jim Sweezy - First United Methodist Church, Valdese

5 Donors and 2017 Grantees Recognized On October 12, 2017, the Board of Directors of the In 2017, grant recipients Community Foundation of Burke County (CFBC) held included: Blue Ridge its annual event to recognize Foundation donors and Community Action Circles 2017 grantees. Since 2001, over $4.9 million dollars has Initiative, Burke Charitable been granted to qualified nonprofit organizations through Properties, Burke Council the funds established by donors. During the event, a on Alcoholism and Chemical tribute was paid to donors who have so generously given Dependency, Burke United to meet the needs of others and to improve the quality of Christian Ministries, life in their respective communities. Catawba Science Center, John (Chip) Black, Jr. Since 2002, CFBC has awarded over $1,344,258 Center for Rural Health CFBC Board Member in community grants to nonprofits that serve the Innovation, Exploring residents of Burke County. Joara Foundation, Foothills Conservancy of North Carolina, Inc., New Day Christian Church, Options, Inc., Prevent Blindness North Carolina, Southmountain Children and Family Services, The Meeting Place, Inc., and The Outreach Center. Featured speakers included John F. Black, Jr., 2017 Chairman of CFBC, and John C. Marshall of the Western Piedmont Council of Governments, who provided an update on the “Fixed Public Bus Transportation Initiative.” CFBC has committed $60,000 in unrestricted funds to this project. Grant recipient Marie Palacios provided an update John Marshall Marie Palacios Transportation Project Exploring Joara Foundation on the progress and activities of the Exploring Western Piedmont 2017 Grant Recipient Joara Foundation. Council of Governments

2017 Community Grant Cycle Recipients Top Row (left to right) Dale Barrier, Burke Charitable Properties; George Logan, New Day Christian Church; Alan Barnhardt, Catawba Science Center; and Chris Jernigan, Southmountain Children and Family Services Middle Row (left to right) Suzy Fitzgerald, The Meeting Place One; Holly Johnson, The Outreach Center; Marie Palacios, Exploring Joara Foundation; Maddie Patterson, Blue Ridge Community Action; Allison Bell, Center for Rural Health Innovation; and David Burleson, Burke United Christian Ministries Bottom Row (left to right) Kristy Graf, Options; Elaine Lite, Prevent Blindness North Carolina; Beth Willard-Patton, Foothills Conservancy of North Carolina; and Kim James, Burke Council on Alcoholism and Chemical Dependency Arts, Culture & Humanities 2017 Total Grants Community/Economic Vitality $51,612 $86,566 5% Endowed, Ltd. Endowed, BWF, 9% BYOP, and Community

Human Services Religion $247,685 $209,877 25% 22%

In 2017, grant funds in the amount of $975,353 were distributed to qualified nonprofit agencies and Environment/Animals organizations. Human Service Health $81,827 organizations received the largest $153,334 8% 16% amount of grant distributions with Education more than 25% of total grant funds $144,452 going to qualified nonprofit agencies. 15%

“We make a living by what we get, but we make a life by what we give.” – Winston S. Churchill

7 2017 Endowment Funds

Animals Deaf and Hearing Impaired Burke County Friends for Animals Endowment Fund Albert Mehl Endowment Fund Arts Donor Advised Burke Arts Council Endowment Fund Bowers-Greene Endowment Fund Caldwell Arts Council Endowment Fund Burke Sunrise, Inc. Limited Endowed Donor Caldwell Arts Council Limited Endowed Donor Advised Fund Advised Fund Burke Women’s Fund The Rock School Arts Foundation Endowment Fund Camp Lake James Stewardship Fund Broad Charitable Purposes Charles M. and Alice M. Carey Fund Avery-Causby Fund Chris and Leanne Brittian Family Fund Donald and Betty Taylor Fund Christian Shull Children’s Endowment Fund Dorothy K. Ervin Endowment Fund Cooper McCall Endowment Fund Drew Woerner Endowment Fund Gresham Orrison Endowment Fund Emanuel A. and Romilda P. Richard Endowment Fund Jackie and Paul Deaton Fund Francis and Emily Grill Memorial Fund James H. Rostan and Linda R. Rostan Endowment Fund Jean Conyers Ervin Fund Joel Hastings Endowment Fund Marilyn Malone Gordon Endowment Fund John P. Rostan, Jr. and Naomi Bounous Rostan Otto and Wynne Woerner Fund Endowment Fund William E. and Laura Ervin Smith Fund Joyce Amos Jones Endowment Fund Cemetery Maintenance Morgan-Avery Fund Mountain View Cemetery Fund Salsbury-Taylor Fund Quaker Meadows Cemetery Fund Education/Scholarship Waldensian Presbyterian Church Cemetery Endowment Adam Benson Scholarship Fund Fund Andrea Galen Jacks Scholarship Endowment Fund Culture/History Anita Wilson Scholarship Fund Historic Burke Foundation-Alice Elaine Falls Endowed Ann Cornwell Patton and George Thomas Cornwell Fund Fund Historic Burke Foundation-Alice Elaine Falls Limited Betty and Otto Woerner Endowed Scholarship Fund Endowed Donor Advised Fund Burke Education Endowment Program Endowed Fund History Museum of Burke County Endowment Fund Cranford Scholarship Endowment Fund History Museum of Burke County Limited Clyde Nichols Young, Jr. Endowed Scholarship Fund Endowment Fund Crump-Pollpeter Scholarship Fund Library Foundation of Burke County Endowment Drexel Alumni Association Fund Fund Glenn R. Yoder Scholarship Endowment Fund

8 Community Foundation of Burke County

Education/Scholarship (continued) Human Services (continued) Jimmy C. Draughn Scholarship Endowment Fund Burke County United Way Fund Keith Warren Black Educational Scholarship Fund Burke United Christian Ministries Limited Endowed Larry and Louise Huffman Scholarship Endowment Donor Advised Fund Fund Children’s Home Society of North Carolina Limited Larry Simpson Memorial Scholarship Fund Endowed Fund Michael Williamson Eley Endowment Fund Foothills Service Project Limited Endowed Donor Mildred and Hugh Fletcher Scholarship Fund Advised Fund Morganton Day School Scholarship Endowment Fund Habitat for Humanity of Burke County, Inc. Fund Raymond K. Miller Scholarship Endowment Fund Options Against Family Violence Fund Robert A. “Bob” Shook Memorial Scholarship Ray and Laura Consley Endowed Fund Rotary Club of Morganton Scholarship Endowment Southmountain Children and Family Services Fund Endowment Fund Tim Spain Scholarship Fund W. Edwin & Marie T. Hoyle Endowed Fund Valdese Rotary Club Endowed Scholarship Fund School Nurse Program/Nursing Waldensian Presbyterian Women Scholarship Program Scholarship Endowment Fund Minnie Bell Rector Cooper Nursing Scholarship Fund Wynne and Otto Woerner Endowed Scholarship Fund Stiff Endowment Fund Environment Religion Foothills Conservancy of North Carolina Burke First Presbyterian Church Morganton Limited County Endowment Fund Endowed Donor Advised Fund The Martha’s Park Endowment Fund Waldensian Presbyterian Church Endowment Fund Healthcare Walter Howard Lewis Endowment Fund Burke Hospice & Palliative Care Endowment Fund Travel Fellowship-First Baptist Burke Hospice & Palliative Care, Inc. Limited Church Morganton Endowed Donor Advised Fund Jerald C. Liebhart, Sr. & Grace Folmar Liebhart Fund Burke Hospice & Palliative Care, Inc. Limited Endowed Donor Advised Fund II Unrestricted Good Samaritan Clinic Endowment Fund Betsy and Billy Joe Patton Endowment Fund Ron LaSalle Limited Endowment Fund for Charitable Bill and Hazel Bailey Abernathy Endowment Fund Care Carl H. and Linda S. Wall Endowment Fund Stop Alcohol and Drug Addiction Endowment Fund Donald Jackson McCall Endowment Fund Teeth in Need Endowment Fund F. Sam and Phyllis Rogers Fund Human Services John L. and Caroline W. Kos Fund Blue Ridge Community Action Fund John W. Ervin, Jr. Endowment Fund Burke Charitable Properties Limited Endowed Donor Pat and Harold Mitchell Fund Advised Fund

Please consider making a donation to one of these endowments.

9 2017 Scholarship Recipients Top Row (left to right) Ava Smith, Sarah Sharpe, Ethan Hahn, Megan Treadway, Rebekah Ewing Middle Row (left to right) Cindy Ennis, Christin Brookshire, Hayden Wilson, Alex Farris, Christopher Drum, Ben Hagaman, Braeden Personius, Brooke Hall, Kristin Damron Bottom Row (left to right) Julia Valasquez Miguel, Cortney Hildebran, Selby Baughman, Kaylee Huffman, Brianne Lockee

Cranford Scholarship Supports East Burke and Jimmy C. Draughn High School Graduates In 2013, Francis Paul Cranford made the decision to attending Western Piedmont implement a scholarship program that would honor his Community College to brother, Fred Cranford, and his nephew, Eric Cranford. major in Accounting; Fred was a retired educator from the Burke County Ava Smith from Jimmy Public Schools who passed away in 2007. Eric served C. Draughn High School in the United States Navy and lost his life when Airline who would be attending Flight 77 struck the Pentagon building in 2011. It was UNC-Chapel Hill to major of great importance to Paul that he pay tribute to the life in nursing and chemistry; and work of his brother and nephew. He felt that providing and Hayden Wilson from an opportunity for a higher education to deserving Jimmy C. Draughn High students was a meaningful way he could do that. School, who would be attending Appalachian State Francis Paul Cranford In 2017, the Cranford Scholarship Endowment Fund University to major in banking and finance. awarded four $3,500 scholarships to deserving students. Recipients included: Ethan Hahn from East Burke Francis Paul Cranford passed away in February of High School who would be attending Appalachian 2015. His hope that his brother Fred, and his nephew, State University to major in Computer Science; Brianne Eric, would always be remembered has been realized Lockee from East Burke High School who would be through the Cranford Scholarship Endowment Fund.

10 Financial Reports

Statement of Financial Position

2017 2016 Total Total Assets Current assets: Cash and equivalents 704,117 742,772 Short-term investments 2,000 2,000 Promises to give 1,460 1,690 Other receivables 2,476 2,135 Prepaid expenses 5,154 6,968 Annuity held for sale 38,417 - Land held for sale 25,500 25,500 Total current assets 779,124 781,065

Investments 20,781,207 16,414,189 Cash surrender value of life insurance 23,616 23,201 Total Assets 21,583,947 17,218,455

Liabilities and Net Assets Current liabilities: Accounts payable 12,586 9,054 Grants payable 62,750 34,500 Total current liabilities 75,336 43,554

Net assets: Unrestricted Discretionary 307,856 327,139 Board designated 249,208 216,822 Donor advised 237,514 335,075 Total unrestricted 794,578 879,036 Temporarily restricted 20,584,033 16,175,865 Permanently restricted 130,000 120,000 Total net assets 21,508,611 17,174,901 Total liabilities and net assets 21,583,947 17,218,455

2017 Audit completed by Davidson, Holland, Whitesell & Co., PLLC. Financials were extracted from the annual audit. 11 YEAR ENDED DECEMBER 31, 2017 | COMPARATIVE 2016 TOTALS

Statement of Activities

2017 2016 Total Total Revenues and other support: Contributions 2,749,993 668,261 Grants 8,000 93,564 Investment income 501,689 392,617 Net realized and unrealized gains on investments 2,350,559 1,113,918 Change in cash surrender value of life insurance 415 74 In-kind contributions 15,269 15,269 Other 1,651 2,421 Net assets released from restrictions - - Total revenues and other support 5,627,576 2,286,124

Expenses: Program services 1,186,033 984,846 Management and general 107,833 101,177 Pledge cancellations - 3,428 Total expenses 1,293,866 1,089,451 Increase (decrease) in net assets 4,333,710 1,196,673

Net assets at beginning of year 17,174,901 15,978,228 Net assets at end of year 21,508,611 17,174,901

12 Complete audited statements are available at the offices of the Foundation. Financial Reports

Assets 21.6 M

17.2 M 16.2 M 16.1 M 15.7 M

12.8 M 11.9 M 11.7 M 10.6 M

8.6 M 8.0 M

5.4 M

3.3 M

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Growth of Endowment 20.8 M

16.5 M 15.5 M 15.5 M 14.7 M

12.0 M 11.2 M 11.1 M 10.1 M

8.0 M 7.3 M

4.8 M 2.8 M 39 49 53 61 67 67 71 73 78 84 87 90 100 Funds Funds Funds Funds Funds Funds Funds Funds Funds Funds Funds Funds Funds 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

13 Burke Women’s Fund Giving Circle Since 2009, the Burke Women’s Fund (BWF) , update on the 2016 grant that they received from operating under the auspices of the Community BWF to support the work of the clinic. The Kitchen Foundation of Burke County, has been focused on its Connection, located in Morganton, was also recognized mission of improving the lives of women and their for its ongoing corporate sponsorship. families in Burke County. As of December 31, 2017, Grant recipients included: Burke Literacy Council, the Burke Women’s Fund had granted more than Catawba Science Center, Center for Rural Health $246,025 to programs that addressed issues impacting Innovation, Library Foundation of Burke County, women and their families. Oak Hill United Methodist Church, Oak Ridge Baptist On May 6, 2017, the BWF held its annual celebration Church and Western Piedmont Community College. to recognize the 2017 grant recipients. The featured A focus grant was awarded to the City of Morganton for its “One Dime Blues,” Etta Baker tribute. speaker was Dr. Leslie McKesson whose topic was “gRaCE: Growing Racial and Cultural Empathy” and The Burke Women’s Fund continued during 2017 to the Waldensian Presbyterian Church was the host grow its endowment fund to over $130,958 ensuring site for the event. The Compassionate Hearts Clinic, the long term vision of advancing the power of Oak Ridge Baptist’s church free clinic, provided an collective giving among Burke County women.

Steering Committee Members Marsha Carver Kelly Hawkins Beth Heile Molly Hemstreet Kelle Huffman Rexanna Lowman Lisa Miller Laurie Miller Jane Moody Sherron Prewitt Leslie Rostan Mary Charlotte Safford Mary Ellen Wiese Burke Women’s Fund - Annual Event Speakers 14 From Left to Right: Mary Charlotte Safford, Dr. Leslie McKesson and Lisa Miller Burke Women’s Fund 2017 Grant Recipients

Through December of 2017, the Burke Women’s Fund awarded more than $246,025 in grants to programs that addressed issues impacting women and their families. Burke Women’s Fund Endowment Balance 2017 131 K 2016 110 K 2015 94 K 2014 91 K 2013 81 K 2012 63 K 2011 44 K 2010 40 K 2009 11 K

2017 Corporate Sponsor “The need in our community is so great. By pooling our knowledge and Burke Women’s Fund - Annual Event Speakers our resources through the Burke Women’s Fund, we can truly improve the From Left to Right: Mary Charlotte Safford, Dr. Leslie McKesson and Lisa Miller lives of women and families in Burke County.” – Pam Saunders, Owner 15 Burke Youth Organized Philanthropists exists to engage and empower youth through learning and serving to strengthen our community. – cover photo

The Community Foundation of Burke County 828-437-7105 Telephone 205 North King Street | PO Box 1156 828-437-0433 Fax Morganton, NC 28680

To learn more, visit us online www.cfburkecounty.org