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Homegrown Philanthropy THE COMMUNITY FOUNDATION of WESTERN NORTH CAROLINA 2007 ANNUAL REPORT Homegrown Philanthropy artwork by shana greger Contents What We Do Our Mission 3 Message from the Board The Community Foundation is a The Community Foundation of Chairman and President nonprofit organization, created in Western North Carolina promotes 4 Board of Directors 1978, that provides: and expands regional philanthropy 6 CFWNC At A Glance and develops local funds that 10 Grants Personalized service to make your address changing needs and 11 How to Apply for a Grant giving easy, flexible and effective. opportunities in the 18 counties of 30 Women’s Philanthropy We accept a variety of gifts, offer Western North Carolina. 36 Funds custom fund options to suit your 43 Affiliate Funds needs, and all gifts receive maximum 46 Hust and Legacy Societies tax advantages. We do all this with 48 Giving Options at CFWNC administrative costs of less than WNC Counties Served 50 Financial Information one percent of our assets. Avery, Buncombe, Burke, Cherokee, Local expertise with a professional Clay, Graham, Haywood, Henderson, staff that understands the issues and Jackson, Macon, Madison, McDowell, opportunities shaping our region. Mitchell, Polk, Rutherford, Swain, We monitor all areas of community Transylvania and Yancey need and can help you learn about the most effective organizations and programs serving your areas of interest. strong leadership that invests in the most promising endeavors for our mountain communities and responsibly manages $170 million in charitable assets. We ensure your giving will effectively benefit generations to come. In the past year, The Community Foundation of Western North Carolina distributed more than $9.4 million in charitable grants across the 18-county mountain region and beyond. These grants plant the seeds for a strong future and support innovative programs that address our most pressing needs and promising opportunities. Thanks to local philanthropists’ investment in and recognition of visionary projects, future generations will reap a bountiful harvest from homegrown philanthropy that supports and sustains our mountain way of life and advances the welfare of all our citizens. ‘07 Our WNC Region Avery, Buncombe, Burke, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Mi tc Madison, McDowell, Mitchell, Polk, hell Avery Rutherford, Swain, Transylvania and Yancey Yancey Madison Burke McDowell Buncombe Hayw ood Swain Rutherford Graham Henderson Jackson Polk a Macon Cherokee ansylvani Tr Clay 2 Message from the Board Chairman and President For the past 29 years, the As we look to the future, The abundant generosity of people of our region have shared we see the communities of many people across Western their wealth with others through our 18 counties growing and North Carolina will be evident The Community Foundation changing. There are increasing in the pages that follow. If you by assisting those who need a needs and new challenges that are considering becoming a helping hand, promoting the will take strength, leadership donor, please call and let us know arts, enhancing our natural and generosity to address. how we might work together to environment, building community, The Community Foundation carry out your passion for your providing access to health care, is committed to working with community and improve its quality improving education and making others — donors, nonprofits, of life for generations to come. sure that a legacy of caring community and business leaders, exists for future generations. and public officials — to bring all of our resources to bear on the This is homegrown philanthropy compelling issues of our time. Paul (Bubba) Crutchfield at its best, binding local people We know that communities Chairman of the Board of Directors together with nonprofit thrive when determined people organizations that are working come together to make good to strengthen our beautiful things happen. We hope you Pat Smith mountain region. will join with us to reach even President further into our mountains with this indomitable spirit of homegrown philanthropy. 3 Board of Directors Paul (Bubba) John G. Pamela M. Turner, William N. Lewin, Marla Adams Louise W. Baker Wm. Michael Begley Ellen Salsbury Sandra P. Byrd Crutchfield, Winkenwerder, Secretary Treasurer Burgin Chairman Vice-Chairman Robert J. Carr Vincent D. Donald R. Cooper Carol Deutsch David S. Dimling John N. Fleming Kerry A. Friedman Samuel B. Hollis Kenneth M. Hughes Childress, Jr. Lewis J. Isaac John G. Kelso Adelaide Daniels Key William W. Mance, Jr. Tina McGuire Stephen P. Miller Maria Roloff Ramona C. Rowe Robby Russell George W. Saenger A. Clay Smith Jerry Stone Michael S. Tanner Terry Van Duyn Kate Vogel Laura A. Webb 4 Former Directors of the Board since 1978, 124 men Blan C. Aldridge Sherri B. Free Eleanor M. Owen and women have Robert B. Armstrong* James H. Glenn* Marilyn B. Patton Thomas C. Arnold Jeffrey A. Gould Robert C. Pew, III served as Directors Joseph T. Bailey* James A. Gray* James B. Powell, II of the Community Garza Baldwin, Jr.* Fred F. Groce, Jr. Claude Ramsey* Foundation of Perry W. Bartsch* Martha Guy Maloy R. Rash, Jr. western north C. Robert Bell, Jr. John B. Hickman Arthea (Charlie) Reed Charlotte Lunsford Berry Malcolm T. Hopkins George D. Renfro Carolina, ensuring E. Mitchell Betty W. Stell Huie Sally L. Rhoades the Foundation is George W. Beverly, Jr. Raymond A. Hust* Robert J. Robinson governed with Stephen D. Bitter Carl B. Hyatt* John R.E. Ruhl community input. Elizabeth D. Bolton Sam L. Irvin* John Q. Schell the lives of countless G. Waring Boys Barry B. Kempson Alexander Schenck* Janice W. Brumit Susan Kosma Lary A. Schulhof individuals and James K. Buchanan Brian F.D. Lavelle John F. Shuford nearly every mountain Ellen R. Carr David Liden Raymond Spells, Jr. community has been Philip G. Carson Doris Phillips Loomis Thomas L. Spradling touched by their Mimi Cecil Richard T. Lowe* John S. Stevens James McClure Clarke* John W. Mason Karl H. Straus dedication to the Morton S. Cohn* Sue McClinton William C. Sword betterment of the Jerry L. Cole Hugh E. McCollum Douglas Van Noppen* region we share. Nancy L. Cole* Charles T. McCullough, Jr. Judith A. Wenzel Carol W. Costenbader* J. Edgar McFarland Glenn W. Wilcox, Sr. John D. Creadick Roger McGuire* Maurice H. Winger, Jr. Rebecca B. Cross A. William McKee Richard A. Wood, Jr. S. Jerome Crow James H. Miller Stephen W. Woody Charles E. Cummings Moyna Monroe James W.G. Woollcott John N. Daniel Barbara M. Nesbitt Richard B. Wynne Barbara W. Dark Charles E. Nesbitt Durward R. Everett, Jr. Isabel H. Nichols Charles Z. Flack, Jr. Cary C. Owen *deceased 5 The Community Foundation At A Glance Founded: 1978 Funds: 79 new funds established during the year 15 new planned gifts created during the year Assets: $170 million 783 total funds created by individuals, families and organizations Investment Return: 15.9% – one year 10.0% – three years Grants: $9.4 million awarded during the year 9.6% – five years $6.7 million in donor-advised distributions $2.1 million in competitive grants Operating Costs: less than 1% of assets $516,242 in scholarships $90 million awarded since 1978 Contributions Received: $17.4 million – year ended 6/30/07 Types of Support: Broad-based grantmaking in the areas of: Advancing the Arts Assisting People in Need Building Community and Economic Vitality Improving Educational Opportunities Enhancing the Environment asset growth 1997 - 2007 Promoting Quality Health Area Served: 18 western counties of North Carolina 1997: $37,711,202 1999: $61,128,027 2003: $97,862,307 2005: $125,267,848 2007: $170,595,368 6 $9.4 Million Distributed in Grants and Giving in 2007 a advancing the arts: $654,072 e scholarships: $516,242 Expanding cultural and Helping WNC students a heritage offerings, assisting pursue higher education h museums and cultural institutions F enhancing the environment: $725,623 b b assisting People in need: Addressing challenges $2,171,874 through education/initiatives g Meeting basic needs, to preserve and protect our reaching the disadvantaged natural resources through early intervention and helping people facing g Promoting Quality challenges become more health: $1,624,883 self-sufficient Extending access and F supporting health services, C C building Community and encouraging health and e economic Vitality: $1,190,135 wellness programs Providing economic D opportunities, improving h religion: $1,191,406 affordable housing, Donor-advised gifts to and encouraging civic churches and religious engagement and community institutions improvements D Improving educational opportunities: $1,359,999 Supporting creative approaches to improve education in the public schools and the community 7 Leadership Initiatives Women for Women In addition to our our Changing These are complex problems Conversations will include topics work with area Mountain Landscapes and many different people and such as economic growth, quality The Community Foundation has groups hold keys to the solutions. of life, and the natural beauty that is philanthropists and served our mountain region for The Community Foundation our hallmark — and in many cases ongoing grantmaking, 29 years, a period of dramatic believes that we need a forum the lifeblood — of our region. the Community and rapid change. We have to generate reasoned public Foundation helps to witnessed a changing economy dialogue around these issues This will be a fair and inclusive and new struggles for families and create tools to address process that brings together a strengthen our region and children. We have welcomed them. To this end, our Board has broad and diverse constituency through the following thousands of newcomers from committed both our convening and hears all voices. It’s Homegrown targeted leadership diverse backgrounds, and and grantmaking capacities. Philanthropy that is providing this initiatives: we have been affected by opportunity for local people to political and global change. During the next year, we will be make informed decisions.
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