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2 96 Annual Report People Working Together Can Make A Difference I DAHO C OMMUNITY F OUNDATION 1996 ANNUAL R EPORT Table of Contents Mission. 1 Highlights . 2 Friend of the Foundation Award . 4 Our Founding Donors. 5 “Looking Back” (Chairman’s Message). 6 “Looking Forward” (President’s Message) . 6 About the Foundation. 8 Partnering Through Grantmaking - 1996 Grants. 10 Grant Making Guidelines . 20 Partnering With Donors - How We Serve Our Donors. 22 Funds of the Foundation. 24 Advantages of Foundation Services . 38 Summarized Financial Data . 39 Foundation Leadership . 40 Mission People Working Together of the Can Make Foundation A Difference The mission of the Idaho Community Foundation is to improve the quality of life The most important component of the Idaho for all Idahoans—forever. The Foundation Community Foundation is found in our name. embodies a simple concept: people working Community. together can make a difference. We carry out our mission by: No matter how great a problem or how • Building a permanent endowment for our daunting a task, solutions can usually be statewide community by offering found when individuals work together. Every maximum flexibility to donors of chari- job seems eaiser when everyone pitches in, and table gifts; even small contributions become substantial • Meeting high professional standards in when combined with other donations of time, the investment and management of the money, or goodwill. The simple truth is that funds entrusted to the Foundation; and the greatest good is almost always achieved • Promoting effective and efficient grant when the community works as a team to reach making designed to serve current and a common goal. future community needs and strengthen charitable organizations throughout the state. Stone Soup, the parable retold in the pages that follow, simply and effectively illustrates Simply put, we gather, grow, and grant chari- this idea, that the unselfish contributions of table funds to improve the quality of life in Idaho. individuals become even more powerful when combined with those of the entire community. The Idaho Community Foundation is based on this concept. 1 Highlights 14.8 12.3 Asset Growth (in millions of dollars) 8.6 5.7 1996 5.4 3.5 1995 2.1 0.9 1994 1993 1992 1991 1990 Distribution of Grants by Charitable Field 1989 Education 27% 27% Arts and Culture 39% 2% Assets of the Foundation 20% 39% Health 2% by Type of Fund 12% Public Projects 12% ($14.8 million total net assets) Human Services 20% Charitable Endowment 78% Advised 18% 16% 18% Agency 7% 6% 7% 7% Designated 14% 5% 14% Field-of-Interest 27% 27% Scholarship 5% Unrestricted 7% Operating Endowment 6% Special Projects 16% 2 1996 Grant Statistics nce, in a village not far Grant requests received: from here, there came a . 519 lone traveler who had Grant requests funded: O . 288 been walking for many days. The Percent of grant requests funded sun was lowering over the . 56% horizon, and in a few short hours Total amount of grants requested: . $1,411,963 it would be dark and cold. So the traveler looked around the quiet Total amount of grants funded: . $542,548 ($299,968 from endowment funds village in hopes of finding a and $242,580 from special project funds) simple meal and shelter from the Percent of dollars requested that approaching night. were funded: . 38% 3 First he knocked on the butcher’s Friend of the door. Foundation “Good evening, kind sir,” said the traveler, “perhaps you tions in Eastern Idaho. Additionally, Miles exemplifies the theme of this could feed and Miles spearheaded the creation in year’s annual report—that people ICF of the Colonial Arts Center working together can make a differ- Miles Willard shelter a weary Project Fund. The fund is being ence, as they did in the Stone Soup used to hold, manage, and dispense parable. We are grateful for his traveler for one ach year the Idaho the funds raised in a capital support and pleased to have ECommunity Foundation campaign to convert the old Colonial honored him as our 1996 Friend of night?” honors someone who has been of Theatre and an adjacent building in the Foundation. unusual help to the Foundation in downtown Idaho Falls to facilities advancing its mission. In 1996, this for performing arts presentations, an person was Miles Willard of Idaho art gallery and offices, classrooms, Previous Recipient of Falls. Miles and his wife Virginia and storage for arts organizations. the Friend of the Foundation Award established a significant fund in the Miles has been most helpful through 1995 John Chapman Foundation in 1992 to support the years in spreading the message youth services and/or arts organiza- of ICF. Site of the future Colonial Arts Center in Idaho Falls. 4 The butcher Our Founding Donors glared. The Idaho Community Foundation owes its existence to the foresighted individuals, corporations and organizations which joined together to create and endow the Foundation. Our Founding Donor campaign concluded December 31, 1992. We “We have no food are pleased to give continuous recognition to the vision and generosity of those who supported the Foundation in its first stages of growth. Many of these donors have made additional contributions to the Foundation in subsequent years. to spare,” he Major grumbled, “and Founding Donors Founding Donors no room for a (Gifts of $250,000 or more) (Gifts of $25,000 or more) J.A. and Kathryn Albertson Arthur Andersen LLP Potlatch Corporation traveler.” Donald and Gretchen Fraser Amalgamated Sugar Robert and Dorothy Rebholtz Northwest Area Foundation **Boise Philharmonic Bob and Carol Reed And with that, Association, Inc. Ethel B. “Stevie” Rawlinson Tom, Sheila, John and Joy Richards Joan Chesbro he shut the *Earl C. Reynolds Jr. Jim and Bette Roper Jim and Barbara Cimino J.R. Simplot John Roper heavy door. Robert and Mary Evans Carmelita G. Spencer Roger and Sybil Ferguson Leadership The Terteling Company, Inc. First Security Bank of Idaho, N.A. Founding Donors Harry B. Turner Global Travel, Inc. Union Pacific Foundation Linda Grable-Curtis (Gifts of $100,000 or more) U S WEST Communications Green Giant/Pillsbury Albertson’s Inc. Wells Fargo Bank (formerly First Harry Bettis Hecla Mining, Inc. Interstate Bank) Boise Cascade Corporation Tom and Alice Hennessey **Boise Family YMCA William R. Hewlett Charles Stewart Mott Foundation Hewlett-Packard Company Daugherty Foundation Richard M. and Mary B. Hormaechea John B. and Delores L. Fery Idaho Power Company *Luella Glasgow Hendryx Intermountain Gas Industries Foundation Lewis Hower Kenlon P. and Carol J. Johnson G. Nicholas and Sara Ifft D. Whitman and Paula Jones Sara M. Maas Key Bank of Idaho Warren E. McCain H.F. and Colleen Magnuson Arthur and Jane Oppenheimer Merrill Lynch & Co. Foundation U.S. Bank Park Price Motor Company The Whittenberger Foundation David and Vaniece Petso Miles and Virginia Willard * Denotes a deferred gift ** Denotes an agency fund established to benefit the organization 5 Looking Back made the seed money grant less than 25% of the ine years ago I that got us started. membership, board, or a started to learn N committee. about community founda- I was asked to chair a tions. I learned that they steering committee whose We defined our mission originated in Cleveland, job it would be to deter- as “to improve the quality Ohio, in 1914, when a mine if a community foun- of life for all Idahoans— visionary banker decided dation made sense for forever.” there were advantages in Idaho, and if it did, what Vital to our initial pooling charitable funds for geography it should serve. success was the support of The committee toured the Idaho is a the purposes of investment the individuals and busi- management. I learned state, holding information nesses that became magnificent state that by 1988 there were meetings with leading “founding donors.” We – blessed with several hundred commu- citizens representing towns needed sufficient funds to nity foundations in the from Idaho Falls to Coeur run the organization and to wonderful people, country – serving various d’Alene. We found an gain the credibility which determined to cities, counties, regions, or enthusiastic response and would result from our decided to take the plunge give something states – and that Idaho did grant-making process. not have a single one. As a and go state-wide, consid- Idaho should always be back to their state, we were not bene- ering the whole state as a grateful for the faith and community. fiting from one of the “community.” vision of these founding fastest growing and most The Foundation was donors, listed on page 2 of flexible forms of philan- incorporated November 10, this report. thropy in the country. 1988, having adopted a At year end 1996, the Caldwell’s Whittenberger bylaw provision which Idaho Community Foundation first realized ensured that no one of Foundation had 142 what a community founda- ICF’s three regions could members, held 120 indi- tion could do for Idaho and have more than 48% or vidual endowment funds, Looking Ahead Partnerships are the receiving, managing, and he year 1996 gave the backbone of the Idaho dispensing the renovation Idaho Community T Community Foundation. funds. Foundation a good base from which to look ahead. These can be partnerships They can be partnerships with donors – like the one with other foundations – • Eight new funds were established with Bernie and like the one with the J.A. established in the Warren McCain of Boise, and Kathryn Albertson Foundation. who established a major Foundation, which in 1996 • Assets grew from $12.3 advised fund in the gave ICF $100,000 to be million at year end 1995 Now, as we look Foundation and will be used for small grants to to $14.8 million at year using ICF as an efficient foster creative projects ahead, we have end 1996, or 20%.
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